article thumbnail

Use agile budgeting to manage your cash

David Teten

I encourage entrepreneurs to correct course with a re-forecast early and often. Consider ThedaCare , a healthcare system in Wisconsin, which eliminated its budgeting process in 2010. The organization replaced the budget with a quarterly forecasting and planning process.… This agile approach is not restricted to small startups.

Agile 60
article thumbnail

Picking Ventures: Part 1 - Startups and angels: Along the way to.

Tim Keane

« How to prepare a sales forecast for a business plan | Main.   In broad terms, when I look at an opportunity, I'm asking myself if I or my partners understand the industry, and if our rolodex can help the company fill in the missing pieces - in growth, relationships with other companies, people and so forth. 

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bottom Up Market Sizing - Startups and angels: Along the way to.

Tim Keane

OVP Venture Partners) My own take on this is that a business plan with a bottom up forecast demonstrates an understanding of the potential market that investors love.  Wisconsin Angel Network Find Information about all of the networks in Wisconsin here! .  (Google: Bottom up market sizing).  Google Ads.

Marketing 116
article thumbnail

A budget discussion with an entrepreneur - Startups and angels.

Tim Keane

In other words, if you are forecasting 100 orders in the next quarter, at $10,000 each, I’d ask how many potential orders there are in the market, whether there is any existing competitive experience, and how you derived your timing. In our first startup, my partners and I built a customer acquisition model and tested it. Google Ads.