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Use agile budgeting to manage your cash

David Teten

Paul Bianco, CEO of Graphite Financial *, says, “Entrepreneurs are characteristically optimistic by nature, and often present their board best-case-scenario budgets and projections. I encourage entrepreneurs to correct course with a re-forecast early and often. Instead, managing to a rolling forecast/budget is much better.

Agile 60
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Introducing Lean Planning: How to plan less and grow faster

Up and Running

Lean Planning started with Tim Berry ‘s 2008 “ Plan-As-You-Go Business Plan ” which was a new way for entrepreneurs to think about planning. Develop a forecast: Basic forecasts and budgets are critical; And tracking them is even more so. The business plan should no longer be just a single event.

Lean 147
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Is the Lean Startup Dead?

Steve Blank

Most entrepreneurs today don’t remember the Dot-Com bubble of 1995 or the Dot-Com crash that followed in 2000. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. With fewer than 10 employees but almost $2-billion dollars in the bank, they plan on jumping right in.

Lean 335
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Why the Future of Tesla May Depend on Knowing What Happened to Billy Durant

Steve Blank

The entrepreneur who founded and grew the largest startup in the world to $10 billion in revenue and got fired is someone you have probably never heard of. Who was the entrepreneur who founded what would become General Motors 16 years earlier, in 1904? But the spirit of Billy Durant would rise again in what would become Silicon Valley.

Michigan 291
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Is VC Funding the Real Unicorn in Silicon Valley?

Up and Running

In some cases, visionary entrepreneurs have been able to break into industries and markets they’re not personally experienced in by buying a business with experienced teams already on board before seeking funding for growth. So, no: VC funding isn’t such a rare thing in Silicon Valley or anywhere else. Bruce is the U.S.

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Introducing Lean Planning: How to Plan Less and Grow Faster

Up and Running

Historically, entrepreneurs have taken months to craft detailed plans without even gathering feedback from potential customers. Entrepreneurs have viewed business planning as a single hurdle to get their business up and running or a thick wad of paper to shove across a banker’s desk in order to get the funding they need.

Lean 134
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How Getting My MBA Helped Me Thrive as an Entrepreneur

Up and Running

In a recent New York Times blog post , entrepreneur Cliff Oxford asserted that although MBA institutions are pouring resources into entrepreneurial programs, these programs still lead to classroom-centered teaching models that simply move too slowly to be relevant for start-ups, which often need to be up and running in months or even weeks.