Up and Running
JUNE 21, 2013
There are a series of “levers” in your business that will affect your cash position. You need to engage in Lean Planning. Do you depend on supplies that vary in price due to market conditions (fuel for instance)? You NEED to understand those levers. You need to develop a data-based culture.
Feld Thoughts
NOVEMBER 18, 2013
They need to raise money before building anything substantial after determining that they needed a little dough to follow the Lean Startup methodology. One of them used to be a lead developer at [insert hot consumer tech company here]. A discussion around overall business viability, time to market, and capital impact would have ensued.
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Up and Running
AUGUST 8, 2018
It only takes an hour each month, keeps the management team up to speed on everything that’s going on in the company, and helps us plan and manage in a lean and effective way. Most importantly, we review our cash position and cash flow. What does our cash flow forecast look like for the next few months?
YoungUpstarts
FEBRUARY 14, 2017
Cash is king, always has been and always will be. Managing your cash position when forecasted sales aren’t being achieved is tough, and if you are spending more than you are generating and cash piles are dwindling, now is the time to address your financial position.
Up and Running
JULY 14, 2015
Operating lean should be the mantra of all businesses. The temptation to spend the extra money you have can result in you burning through a large amount of cash with a disproportionate amount of progress and value to show for it. Initially, you should get an accurate view of the current cash position. Assessing need.
Up and Running
NOVEMBER 12, 2018
But if you’re writing a plan as an internal guide for strategic growth, you should consider a lighter version— a Lean Plan. A Lean Plan can also serve as an initial plan that helps you think through all the aspects of starting your business. Here’s a cash flow template you can use in Excel. Your problem and solution.
Ben's Blog
MAY 15, 2020
But I also see founders who are in an amazing cash position, even though they’re not experiencing massive tailwinds, doing very aggressive things. In a lot of the startup conversations I’ve been having, if you lean too far that way, it doesn’t resonate with people. Andrew : Right.
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