Entrepreneur – Outsource Everything but Accounting, Quality Control and Sales
It’s no secret that most startups are undercapitalized. They need every penny just to stay in business long enough to produce a positive cash flow. Even those that have achieved seed financing usually find out in short order that they need a much longer runway to give...
What Business Should I Go Into?
AND HOW DO I GET IT TO THE MARKETPLACE?
Discovering Business Opportunities in Problems We are often approached by young folks who ask us, “What business should I go into?” – as if there was the realm of all possibilities. We assume by this question that these folks have not decided to “follow their...
Entrepreneur – Startups That Overlook the Cost of Sales … Fail!
You often see line items on business plans for the cost of goods sold, also known as COGS. Most startups are painfully aware of the cost of goods. But there is another cost that is even more painful if it’s overlooked. That is the cost of sales. In today’s “scale fast...
3 Business Functions You Can’t Outsource
BEYOND LEAN
The Burn Rate and Runway It’s always painful for us to hear a new wantrepreneur talking about the first steps they’re going to take when they go into business. They usually say something like, “Well, if I’m going to go into business, I’m going to need to get an...
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