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5 Common Mistakes Startups Make With Data and How to Avoid Them
Collecting data is crucial for startups but it can be detrimental if used incorrectly. Here are 5 common data management mistakes and how to avoid them.
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Collecting data is crucial for startups but it can be detrimental if used incorrectly. Here are 5 common data management mistakes and how to avoid them.
Direct costs or cost of goods sold are expenses attributed to the production of a product or service. Learn why this is vital for growing your business.
Managing cash flow requires an accurate forecast you update based on actual conditions. Learn to create a dynamic forecast to manage your business better.
Your profit and loss statement is the first financial information that investors and bankers will look at in your plan. Here’s a rundown of what the numbers mean.
Defining your business model is the final step in Lean Planning. In short, it’s how your business will make money. Learn how to define your business model.
The third step in lean planning is to use the milestones technique to create a roadmap for your business to help you implement your strategy.
Your Lean Plan needs strategy, but even a great strategy is useless without tactics. Tactics are the things that you actually do to make your business work. Tactics are your road map—and here’s how to develop them.
An economic downturn typically spells trouble for business owners. It also presents an opportunity for new entrants to fill gaps in the market.
When facing an economic crisis, it can be difficult to think about the future of your business. The need to survive takes precedence over planning and that can lead to both short and long-term problems for your business. Read on for steps on how to save your business and pivot to recession-proof success.
Learn to calculate how much cash you’re using up and how long you have until it’s depleted.