Remove Balance Sheet Remove Lean Remove Operations
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

We want a strong balance sheet (um, ok. but that’s our firm’s money on your balance sheet. If you have a very low gross margin (10-30%) it can be very hard to build a large, scalable business because you need to make a lot of sales to cover your operating costs.

Burn Rate 383
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Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup. So is John Rice, the head of Global Operations along with CFO Jeffrey Bornstein.

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What Is a Business Plan?

Up and Running

Most of us need just a Lean Business Plan, for internal use, with just bullet point lists and important projections. Good businesses always keep their Lean Plan up to date. The lean business plan is great news because it makes the planning process much less daunting. More on that in the section on the Lean Plan.

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How to Write an Executive Summary

Up and Running

With business plans for internal use and Lean Plans, nobody expects one. Executive summaries for internal plans, operations plans, or strategic plans. As I mentioned above, a true Lean Plan doesn’t need any summary. Not all plans need summaries. Before we continue, let’s get this straight.

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Turn What-if to What-Now: The Importance of Scenario Analysis

Up and Running

Start with a spreadsheet that includes worksheets for sales , expenses , P&L , balance sheet , and cash flow. The magic of the spreadsheet allows you (or someone on your team) to link the numbers up so that when you change a number in one sheet, related numbers in other sheets also change.

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What Type of Business Plan Do I Need?

Up and Running

We get this question a lot, mainly because there are so many different things labelled as business plans: strategic plans, annual plans, operational plans, feasibility plans, and, of course, what most people think of, business plans for startups seeking investment. All businesses start with a lean plan. Manage cash flow. Startup plan.

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Out of the Crisis #4: Carl Liebert, crisis veteran and radical optimist

Startup Lessons Learned

13:58) Advice for companies who think it's too late to start looking for new ways to operate, including some examples from Austin, Texas. (15:55) And the truth is that's yesterday and you don't really have the ability to change what you did yesterday, but what you do have the ability today, is to lean into this. Carl Liebert : Yeah.