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Rustam Gilfanov: “The Business Plan Of A Startup Is A Test Of The Idea’s Survival Potential”

YoungUpstarts

Remember that investors will not appreciate a business plan that features exorbitant salaries of the founders. In 2006, Rustam Gilfanov, together with his partners, opened an international outsourcing IT company in Kyiv. Today, this company is the largest software developer for the gaming industry, marketing and finance.

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How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

A great finance leader is on top of your numbers with such precision that you don’t have to worry about it. But a great finance leader isn’t just budgeting but he or she is an consummate planning and they won’t take s**t from you about why you need to avoid hiring more staff until you close new contracts or raise money.

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A heartbreaking story about time and money.

Berkonomics

Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. And we were able to secure that investment along with a partner from that firm joining our board. We’ll get to my heartbreak in a minute. The financial pain of unplanned delays.

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How to Raise More Money for Your Nonprofit

The Startup Magazine

After all, nonprofits have operational expenses such as rent, energy bills, and salaries. If nonprofits want to attract top executives, then they must also pay competitive salaries and need the nonprofit fundraising to support it. These influencers are more likely to partner with your nonprofit if they believe in your cause.

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ESG in Venture Capital: Interview with Blue Future Partners (VC Fund of Funds)

David Teten

Blue Future Partners, a venture capital fund of funds, recently interviewed me on ESG in venture capital. In its first full year of operation, VCAP attracted 159 applicants. – Forte has developed an innovative structure to finance vocational reskilling at no cost to individuals or governments. Why is that?

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4 Business Costs That You Might Be Able to Save Money On

The Startup Magazine

It’s important to make sure you’re prepared for the larger expenses so that you can plan out your finances properly, all while making sure you’re saving as much money as possible too. Millions of businesses successfully operated during the pandemic with every staff member being at home, so there’s no reason it couldn’t work for you now!

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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Flexible VCs have created structures based on other company performance metrics than revenues, such as profits or founder salaries. His work on VC and small communities can be found at greatercolorado.vc/blog. Of the Inc. 5000 companies, only 6.5%