Uncategorized

Balance Sheets Now that we’ve talked a bit about break even, I’d like to talk about cash flow, especially your first cash flow model, which will tell you how much money you need to start your venture. But to do that, we need to discuss your balance sheet and have an understanding about assets, liabilities, […]

Break Even for Services Ever wonder why break even is done for products? Because it is easier. True story. Let’s fix some costs as fixed, then produce a widget. (A widget is a made-up term used as a fictional, generic product). Then take out the cost of the product and apply the rest to the

Fixed Costs verse Variable Costs – Products Let me start by saying this is an important concept. You need it to build all financial models. There are few concepts more important than this to all new businesses. If you don’t get this, then give up on starting your own business. OK, so some of this

Everybody needs this. That’s a sentiment that I hear directly or indirectly from most entrepreneurs. I mean that’s why they are getting into whatever business they are in right? They have something people need and they are meeting an un- or under-served market. So now that we have this given out of the way, let’s

So I wrote a bunch of these log posts before I started the website. Only once I started putting together the site did I realize I needed a logo, brand colors, and an aesthetic. I thought about it and all tat came up wit is I have no artistic ability, and anyone who has seen

I wanted to post early in the blog about what I call “Internal Entrepreneurs.” Internal entrepreneurs are folks who use the same entrepreneurial skills as someone starting a business, but they do so within an existing business. This could be for many reasons. Say a business wants to launch a whole new line of business,

There are a bunch of other topics I want to cover, that we will cover going forward, but I hear the entrepreneurs who love math out there! I can feel you. I can hear their hands clicking buttons on mice looking up research. I can hear them double-clicking on excel to launch a new cash

I want to be boring. Well, I don’t want to be, but I must. As any good entrepreneur should be. What I mean by that is, that you need to learn the basics. Then learn them again. Then again. What is the old saying,” we don’t practice until we get it right, we practice until