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NYU Commencement Speech 2016

Steve Blank

Yet everyone – investors, entrepreneurs, academics — expected new startups to follow the same practices that worked for large companies – write a business plan, forecast 5-year sales projections and build the product without ever talking to customers. Congratulations class of 2016. Make all the days of your life matter.

Lean 224
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How Boards Need to Evolve Over Time

Both Sides of the Table

We also sat down and talked about what the big challenges for 2013-2016 would be for the company and we are in the fortunate position of our major issue being how to handle growth. How to build a great forecast. This brought insider knowledge and perspective that frankly John & I lacked. How to set sales quotas.

Insiders

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How To Predict The Future

Feld Thoughts

I plotted the growth in capacity of magnetic platter hard drives and flash drives back in 2006 or so, and saw that flash would overtake magnetic media in 2016. But it’s hard to say, even with hindsight, that we could have predicted Wikipedia, let alone forecast when it would occur. (If Step 2: Forecast the linear trend.

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Startup Benchmarks

VC Cafe

Forecasting is sometimes done by dragging the mouse based on many assumptions, because it’s hard to predict the future. While there isn’t a single magic number or set formula, understanding industry benchmarks can be really helpful to keep a finger on the pulse to measure the health of the company and make more informed forecasts.

B2C 141
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Business Immigration With CanadaCIS: How To Start A Successful Business In Canada

YoungUpstarts

Between 2016 and 2017, Canada recorded a remarkable 15% increase in the number of its Canada-based Ultra-High Net-Worth Individuals’ (UHNWI). 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.

Canada 264
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10 Startup Mistakes You Can't Afford To Make Again

Startup Professionals Musings

Forecast revenue growth that defies business principles. Forecasts that exceed 10 percent of a large opportunity in the first five years rarely happen and will likely disappoint you and your investors. Marty Zwilling First published on Entrepreneur.com on 02/24/2016.

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Going Concern Rules And Your Company

YoungUpstarts

Due to new accounting standards effective for December 2016 year-ends, the future timeline that management must consider for cash flow needs has expanded to one year from the issuance date of the audited financials. Company growth and future forecasts are a critical component of going concern analysis. Changes in Going Concern Rules.