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Business Plan Financial Forecasts Test Your Savvy

Startup Professionals Musings

Using your data, here are the basic elements of the projection process, which are measurable by milestones, and can be tracked to show when a re-forecast is required: Start with sizing per-unit profitability. Otherwise, sales, marketing, and operational costs will kill you. Next comes sales volume by channel.

Forecast 238
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Making Financial Projections is Not Rocket Science

Startup Professionals Musings

Using your data, here are the basic elements of the projection process, which are measurable by milestones, and can be tracked to show when a re-forecast is required: Start with sizing per-unit profitability. Otherwise, sales, marketing, and operational costs will kill you. Next comes sales volume by channel.

Forecast 238
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Customer Validation - 33 Great Articles

SoCal CTO

How I Test The Market Validity Of A Product Customer Development Gut Checks Build a Path to Customers from Day 1 Top 3 Ways to Fail at Customer Development Creating Startup Success – Customer Development + Business Model Design Customer Development and Marketplaces Hubris, Passion and Customer Development Free Customer Development Help – Survey.io

Customer 227
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Solving the Innovator’s Dilemma – Customer Development in a Big Company

Steve Blank

We’re Not Here for a Sales Call. Disabusing the audience of the notion that the visit is a sales call is vital to the customer discovery mission. Short-circuiting that process is a major “foul” that often leads to premature business models and suboptimal sales results.).

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Four Easy Steps to Credible Startup Financials

Startup Professionals Musings

Using your data, here are the basic elements of the projection process, which are measurable by milestones, and can be tracked to show when a re-forecast is required: Start with sizing per-unit profitability. Otherwise, sales, marketing, and operational costs will kill you. Next comes sales volume by channel.

Forecast 230
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How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

Out of business? Forecasted recovery date. Check if the the Paycheck Protection Program , ( here and here ) which provides 100% federally guaranteed loans to small businesses, can apply to your company. Sales pipeline/forecast. Days 3 and 4: Prepare new business model and operating plan.

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What Do I Do If My Business Runs Out Of Cash?

YoungUpstarts

Sudden payment of unaccrued tax, bonus, or commission liabilities (this is a common bookkeeping and forecasting error for small businesses.). For example, a rapidly growing business is often purchasing lots of inventory, investing in fixed assets, and not managing their accounts receivable. What are my top 3 costs?