article thumbnail

What to Do When Your Business Hits a Rough Patch

Up and Running

I am definitely not recommending you raise seed capital this way—but you wouldn’t be the only person to have done it.). Establish realistic forecasts. I work with a lot of struggling businesses, and almost every single set of forecasts I see predicts a sudden and significant improvement. This is a huge mistake.

article thumbnail

Setting Up Your Accounting System

Feld Thoughts

Build a financial model that forecasts the P&L. Tie the P&L forecast to the Balance Sheet and Cash Flow Statement and generate snapshots of what the Financial Statements will look like each year for the next 5 years. QuickBooks allows you to forecast expenses. as a C-Corp in Delaware. historical data).

article thumbnail

The Fallacy of Channels: Startups Beware

Both Sides of the Table

The price points are not as high as your beautiful Excel spreadsheet had forecasted when you raised your seed capital. And because it’s a nascent market, an evangelical sale and you have very little sales today the lead times to sell are longer than he’s used to.

Channel 293