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5 “What-Ifs” To Include In A Startup Financial Model

Startup Professionals Musings

In reality, a simple Excel spreadsheet model customized around your assumptions can save you hours and avoid a wasted expense in validating alternative vendor and marketing decisions. Vendor costs are subject to change, customers are fickle, competitors come out of the woodwork and the economy can take a downturn. Marty Zwilling.

Startup 147
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7 New Venture Strategies Improve The Odds Of Survival

Startup Professionals Musings

Every investor has his own list, usually based on his own very small sample, or simply his gut feeling. Here is my own net of those seven habits: Founder is ready, willing, and able to learn. Effective entrepreneurs are always open to learning, no matter what their prior experience. Offer customized products or services.

Startup 170
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5 Startup Financial Questions Every Investor Will Ask

Startup Professionals Musings

In reality, a simple Excel spreadsheet model customized around your assumptions can save you hours and avoid a wasted expense in validating alternative vendor and marketing decisions. Vendor costs are subject to change, customers are fickle, competitors come out of the woodwork and the economy can take a downturn. Marty Zwilling.

Startup 123
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5 Ways To Engage The Right People In Your New Venture

Startup Professionals Musings

In my work with new and aspiring entrepreneurs, I find that most struggle with putting together a written business plan, often pointing out that someone they know started a business without anything written down. Be sure to net out the opportunity and the solution in the first thirty seconds. Make it light, but factual.

Ideas 126
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Add Real Value To Your Startup With A Financial Model

Startup Professionals Musings

In reality, a simple Excel spreadsheet model customized around your assumptions can save you hours and avoid a wasted expense in validating alternative vendor and marketing decisions. The way to start is with a sample financial model, freely available from many sources on the Internet, such as this one from Entrepreneur.

Startup 103
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A Founder’s First Key Decision Is The Business Name

Startup Professionals Musings

The name of your business has a tremendous impact on how customers and investors view you, and in today’s small world, it’s a world-wide decision. When creating a name, stay with words that can easily be spelled by customers. Make your business name one that customers can pronounce and remember easily. Avoid unusual spellings.

Google 117
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7 Startup Habits Investors Read as Staying Power

Startup Professionals Musings

Every investor has his own list, usually based on his own very small sample, or simply his gut feeling. Here is my own net of those seven habits: Founder is ready, willing, and able to learn. Effective entrepreneurs are always open to learning, no matter what their prior experience. Offer customized products or services.

Startup 102