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Huh? Money, no mention of the ability do manage money? I mean, it is obviously simple to calculate the cash-flow. I am talking about making the decision: "Yes l
by emanuer 16y ago
Huh? Money, no mention of the ability do manage money? I mean, it is obviously simple to calculate the cash-flow. I am talking about making the decision: "Yes lets focus on this aspect of our business, because we can expect the highest returns for our time and resources invested."
I understand that especially at an early point it is all just guesses, but some guesses are more probable than others.
Some examples are: income, fixed and variable costs, margins, taxes, cash flow projections and all that other money related stuff.
I suppose this might be negligible for every startup that gets more funding than they could possibly spend in the foreseeable future. Rather this is essential for every bootstrapped startup.
Btw, I am the Business Co-Founder and I just went through the list. I gave myself 7 out of 12 points. (The fact that I have an MBA helped me only with the 4th point)
If the points in the list are equally weighted, the conclusion for me would be; I suck. But at least this list gives me an indication for where I have to improve.
At last I want to mention, I found it to be a great post and want to thank you very much for your free advice, it is highly appreciated.