Startup Professionals Musings

JULY 25, 2021

The most disruptive products are ones that never existed before, and no forecasts are even available to size the opportunity. Consider Apple’s move into music, telephones, and watches. Compete against non-consumption and non-existing markets. Facebook built the social media market before customers even knew they needed it.

Non-Compete 394

Non-Compete Technical Review Forecast Social Media 394

The Startup Magazine

DECEMBER 22, 2024

By integrating AI into your system, you can take efficiency to the next level to reduce delays: AI can analyze patterns in your data to forecast demand, identify potential bottlenecks, and optimize workflows. AI Integration to ERP: The Future of Smart Startups Artificial intelligence is revolutionizing how startups approach ERP solutions.

Artificial Inteligence 144

Artificial Inteligence Customer Technical Review Operations 144

YoungUpstarts

APRIL 16, 2020

Sudden payment of unaccrued tax, bonus, or commission liabilities (this is a common bookkeeping and forecasting error for small businesses.). If your business model is profitable but you’ve mismanaged one of the above categories, you need to build a 13-week cash forecast to manage your short-term crisis. Old aging inventory.

Recapitalization 200

Recapitalization Forecast Software Review Finance 200

Up and Running

APRIL 13, 2021

I used plan vs. actual analysis once a month, comparing forecasts and budgets to actual results since I started Palo Alto Software back in the 1980s. Forecasting and budget math is usually simple. Make sure the way you organize the sales forecast in rows or items or groups matches the way your accounting (or bookkeeping) tracks them.

Forecast 147

Forecast Matching Balance Sheet Software Review 147

YoungUpstarts

AUGUST 17, 2020

Forecasting business revenue and expenses during the startup stage with a degree of accuracy takes a lot of time, investors will not put money in your business if you’re unable to provide a forecast. Michael Majeed: When projecting profits and losses, an entrepreneur needs to start with expenses, not revenues.

Finance 217

Finance Forecast Balance Sheet Angel Investor 217

The Startup Magazine

SEPTEMBER 12, 2023

The Power of Liquidity Forecasting Imagine having a magic crystal ball that tells you about future expenses. Liquidity forecasting isn’t magical, but it’s close enough. Staying informed helps you make informed decisions and avoid potential shortfalls. It’s about predicting your future financial needs.

Framework 158

Framework Technical Review Software Review Forecast 158

Up and Running

NOVEMBER 12, 2021

Maintain a cash flow forecast and consistently review your cash flow statements to ensure that you know what your position is at all times. Forecasting, planning, and budgeting are made quicker when people and businesses make the most of their technological advancements and opportunities. Failing to track your spending.

Technical Review 132

Technical Review Software Review Forecast Cloud 132

Up and Running

MAY 26, 2020

That said, it can be more difficult to use for cash flow forecasting. For more details on the indirect method of cash flow forecasting, read The Indirect Cash Flow Method: How to Use It and Why It Matters. Also, read our guide that explains every row of an indirect cash flow forecast. Direct cash flow statement.

Balance Sheet 159

Balance Sheet Forecast Software Review .Net 159

Both Sides of the Table

APRIL 3, 2014

And when you get their forecasts they’re always sandbagged. It’s always too high. It’s always unachievable. They were always above quota at every other company they’ve ever worked for. It’s all your fault. And they know that you play games back. Sales people are smart – they know this.

Sales 382

Sales Startup Technical Review Matching 382

The Startup Magazine

OCTOBER 19, 2020

Nearly Accurate Forecasts: One of the most significant advantages of data-driven decision making and planning is getting more credible forecasts. Conventionally, forecasts were prepared on typical metrics like a year to year sales growth, competitor analysis, seasonal variations, etc.

Technical Review 158

Technical Review Forecast Analytics Social Media 158

Up and Running

APRIL 9, 2020

How to forecast and manage your cash flow. To get started, either get your cash flow statement from your accounting software, create one yourself (here are some tips), or sign up for a tool to help you forecast your cash flow – our recommendation is LivePlan. It doesn’t take a CPA or an MBA to do it.

Balance Sheet 147

Balance Sheet Forecast CPA Software Review 147

The Startup Magazine

FEBRUARY 20, 2025

These cuts are intended to stimulate growth, with GDP forecasted to rise by 1.5%still The Bank of Canada is expected to continue cutting its policy rate, with some predicting it will reach as low as 2.5% by the end of next year, down from its peak of 5.0% still modest, but higher than 2024 levels.

Canada 88

Canada Entrepreneur Global Technical Review 88

Up and Running

SEPTEMBER 1, 2020

Whether you are starting a consulting business, a car repair shop, or a construction firm, a business plan will help you figure out your strategy, develop your marketing plan and figure out the all-important financial forecasts so that you can be successful. Writing a business plan can seem complicated at first. Know your numbers.

Business Plan 161

Business Plan Forecast Balance Sheet Sales 161

The Startup Magazine

FEBRUARY 16, 2022

Forecasting becomes a simpler task as the integrations mean that executives can always be confident they are looking at the most relevant data to make the best decisions possible at any given moment.

Hiring 172

Hiring Software Review Customer Israel 172

VC Cafe

JULY 21, 2022

The global games and services market is forecast to reach $188 billion in 2022, a 1.2% forecasted decline year on year according to research from Ampere Analysis after two years of massive growth. While mobile game revenue was down 6.6% year-over-year, downloads were up 0.4% as they reached 28.1 billion ( source ).

Forecast 190

Forecast IP Mobile Acquisition 190

TechEmpower

JULY 24, 2023

If you launched tomorrow, how many users would you forecast? What has been captured so far? Are there user stories? Wireframes? What problem is your product trying to solve? Six months from now? A year from now? How quickly will we need to scale the application? eCommerce Does your startup run on a subscription model?

Developer 520

Developer Technical Review CTO Hire Fractional CTO 520

View from Seed

SEPTEMBER 18, 2019

The point here is not to do a granular forecast of revenue or number of users/customers, but to put a stake in the ground so investors understand what you believe is achievable with X amount of resources given Y timeframe.

Part-Time VPE 195

Part-Time VPE Seed Stage CTO Hire Forecast 195

Startup Professionals Musings

AUGUST 2, 2019

Assess: Forecast required skillsets and needed mindset shifts. Objectively audit your business health for weaknesses and strengths in resources, leadership, skills, and experience. Build an action plan for any ailing areas needing immediate improvement. Choose where you must be exceptional in service and focus.

Technical Review 226

Technical Review Leadership Portfolio Matching 226

Both Sides of the Table

JANUARY 6, 2014

How to build a great forecast. What is the current best practices in sales compensation plans. How to set sales quotas. How much “sales coverage” do you need to hit budget.

Technical Review 325

Technical Review Early Stage Software Review Los Angeles 325

YoungUpstarts

AUGUST 27, 2020

While much future forecasting looks to digital disruption , we shouldn’t think that the only fields that can be subject to disruption are those that are essentially technology-based, such as cloud services and data management. Disruption can occur in digital and analog fields alike.

Entrepreneur 246

Entrepreneur Technical Review Startup LLC 246

The Startup Magazine

APRIL 25, 2023

Developing financial projections for HR initiatives: This involves forecasting the financial impact of different scenarios, such as expanding the workforce, investing in training programs, or implementing retention strategies. Finance can provide data on industry benchmarks and help HR interpret this information.

Finance 158

Finance Retention Forecast Employee 158

Both Sides of the Table

JANUARY 22, 2014

I’ve been involved with SaaS companies with VCs who don’t understand demand generation, lead qualification, sales coverage ratios, sales forecasting or frankly when deals should be inside sales vs. outside sales. It felt like there was a wavelength with management and somebody wasn’t on it.

Portfolio 364

Portfolio Chicago Sales Incubator 364

Duct Tape Marketing

JULY 11, 2024

What we learned are not the things you track, it's the things you forecast and the things you control that flow through your business. And then the third word, and there's a fancy word for how we made up this word, I don't remember it today, but I know it's in the last chapter of omics, the book itself. But it's metrics and metrics.

Framework 91

Framework Leadership Widget Metrics 91

Up and Running

MAY 10, 2021

In this article, we will talk about the trends and the cost of mobile app development with a forecast for 2021. According to the Payments Industry Intelligent report, by 2022, the forecast value for mobile payment apps will reach nearly $14 trillion. To compete in the market, you need to keep up with trends.

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

The Startup Magazine

JULY 24, 2024

Amazon provides various tools to help sellers keep track of inventory levels and forecast demand. Inventory Management and Control Effective inventory management is necessary for avoiding stockouts and managing costs. These tools can help you maintain the right stock levels, ensuring you can meet customer demand without overstocking.

Cost 167

Cost Technical Review Software Review Stock 167

Up and Running

MAY 3, 2021

Outline your financial plan and forecast. Your financial plan will include your cash flow statements, estimated sales forecasts, profit and loss statements, and more. That’s why it is essential that you thoroughly outline your forecasted results for your clients during your sales pitch, and back those predictions up with solid data.

SEO 147

SEO Vertical Metadata Forecast 147

VC Cafe

FEBRUARY 6, 2025

ARK Invest – Big ideas 2025 Ark Invest big ideas 2025 ARK Invest’s Big Ideas 2025 report forecasts exponential technological advancements across several sectors. This is an extension of the previous list with new sources and startup requests. You can find the 2024 RFS list here.

Software Review 78

Software Review Technical Review Startup Software Engineering 78

Up and Running

OCTOBER 13, 2022

The important thing is that you analyze your business need and forecast when to introduce the additional expense. Handling some executive-level responsibilities yourself could make organizational sense (and save you money). All of this is to say—there isn’t one right or wrong way to build your executive team. How to hire an executive team.

CTO Hire 163

CTO Hire Fractional CTO CTO Hiring 163

Both Sides of the Table

APRIL 9, 2019

I’ve spent countless hours looking at historical finances, budgets, forecasts and future projections. I fund startups for a living and before that I ran two software startups that I founded.

Product 214

Product Software Review Technical Review Security 214

Up and Running

SEPTEMBER 29, 2022

With this information, you can forecast the viability and profitability of the business. To truly stay on top of your finances, you should start creating financial forecasts as early as possible. Once you have actual financial data just update your forecasts. Recommended Reading: How to forecast cash flow.

Forecast 154

Forecast Software Review Bootstrapping Finance 154

The Startup Magazine

MAY 7, 2024

Planning For The Future Forecasting is crucial in small businesses’ strategic tax planning and financial stability. Consulting with a tax professional can help identify which credits your business may be eligible for and assist in applying, ensuring you maximize your potential savings.

Small Business 157

Small Business Software Review Technical Review Limited Liability Company 157

ReadWriteStart

APRIL 8, 2023

2 Brainstorming, Forecasting, and Modeling Brainstorming within an expert team can be as effective as monitoring market trends. Develop ideas based on futurological forecasting (potential scenarios based on current trends), extrapolation (analysis with historical data), modeling, analogy, reverse prediction, or simply roadmaps.

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

The Startup Magazine

OCTOBER 24, 2024

Improved forecasting methods also aid in predicting market changes, allowing retailers to stay ahead of the competition. Furniture retail management software interprets data sets to provide valuable insights, helping retailers understand customer preferences, sales trends, and inventory patterns.

Operations 167

Operations Software Forecast Software Improvement 167

The Startup Magazine

JANUARY 27, 2022

Financial planning, forecasting, and budgeting are all necessary components of financial analysis, and understanding these aspects can give you a better overview of the state of your business. Once your startup begins to grow, you might want to hire a professional with more experience in finances to focus on this part of your business.

Startup 151

Startup Web Development Australia Finance 151

YoungUpstarts

JULY 5, 2020

The numbers of Canadian billionaires are also forecasted to increase steadily from 40 to 60 by 2026 – this makes Canada’s luxury market a profitable investment. Between 2016 and 2017, Canada recorded a remarkable 15% increase in the number of its Canada-based Ultra-High Net-Worth Individuals’ (UHNWI).

Canada 264

Canada North America Intellectual Property Asia 264

ReadWriteStart

AUGUST 30, 2022

Financial forecasts and critical indicators. A good idea presentation will include the following points: Startup name and logo. Problems and solutions. Description of the value. Competitive advantage. Business model. Marketing plan. Analysis of competitors. Leadership and team. Current status: achievements, timeline, capital consumption.

Software Review 183

Software Review Technical Review Cofounder United States 183

Up and Running

JANUARY 18, 2021

The first thing most eCommerce companies did in February of 2020 was to smash their crystal balls and toss out demand forecasts because the world was shaping up to be like nothing we’ve seen before. That uncertainty still exists, but we can now turn to it to see patterns and set some expectations for 2021.

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eCommerce B2B Forecast Demand 150