Are you an entrepreneur in need of creating financials projections for your startup? Over the past year, I’ve been introducing my startup theory, currently called the Four Pillars of Startup, to my communities and have received ample excitement for the third pillar focused on Startup Financials. I wrote two columns...
Startup Financials You Need to Know In the first part of this particular series, I introduced the first two aspects of your startup financials that you must understand in order to properly prepare your idea for launch. As a reminder, they are the investment to start and the economics of...
Quick Recap Last column, I introduced the second pillar of startup and broke it down into 5 key areas of understanding. Here’s a short refresher. The second pillar of startup is building the product or service. In order to reach its full potential, you must first understand your value prop,...
Graduating from College without a Financial Strategy When I entered college at Quinnipiac University in 2008, I made a goal that by the time I graduated I would be able to fully support myself. My parents had shelled out thousands of dollars to support my growth throughout the first 18...
Throughout my life as an entrepreneur, I have read tens of books, listened to hundreds of lectures, and discussed the topic of creating a million dollar business with handfuls of entrepreneurs. Each time, the conversation goes in a different direction dependent upon the source. When beginning to work on a new idea,...
In this post, I will answer the question that all professionals and entrepreneurs must understand in order to succeed in the world of business: What is revenue, cost, and profit? Through my experiences as a student of economics at the Lender School of Business and as an entrepreneur running a multi-million...
