Comments on: Recession Bugging You? Get Launched! http://www.triplepundit.com/2009/06/recession-bugging-you-get-launched/ Business, Better. Since 2005 Thu, 18 Mar 2010 13:53:22 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Brian Setzler, CPA http://www.triplepundit.com/2009/06/recession-bugging-you-get-launched/comment-page-1/#comment-14765 Brian Setzler, CPA Mon, 27 Jul 2009 07:37:09 +0000 http://www.triplepundit.com/wordpress/2009/06/recession-bugging-you-get-launched/#comment-14765 It is my experience that most new ventures take longer to cash flow out than most people expect. It isn't unusual for a business to take 1-3 years to provide the owner with a reasonable living. Accordingly, the startup venture needs sufficient funds to get through the lean times and necessary investment phase. "Cash is King" and your advice to manage cash and know thy bankers is valuable to any startup. It is my experience that most new ventures take longer to cash flow out than most people expect. It isn’t unusual for a business to take 1-3 years to provide the owner with a reasonable living.
Accordingly, the startup venture needs sufficient funds to get through the lean times and necessary investment phase.

“Cash is King” and your advice to manage cash and know thy bankers is valuable to any startup.

]]> By: Kevin Wilhelm http://www.triplepundit.com/2009/06/recession-bugging-you-get-launched/comment-page-1/#comment-9576 Kevin Wilhelm Tue, 23 Jun 2009 14:39:44 +0000 http://www.triplepundit.com/wordpress/2009/06/recession-bugging-you-get-launched/#comment-9576 This is great advice to any new entrepreneur. I'd add just one point: "Focus" Focus: Too often entrepreneurs want to do everything, and they want to do it now. Focus on what you can do now, and what you can do best. All of the other long-term stuff that you'd like to do in a few years can wait. Remain focused. Lastly, Jed says "Know Thyself" which is certainly true....I'd expand that a bit because you need to know your strengths, but more importantly your limitations. His key point her is to "Know Thy Customer" which is key. Great post This is great advice to any new entrepreneur. I’d add just one point: “Focus”
Focus: Too often entrepreneurs want to do everything, and they want to do it now. Focus on what you can do now, and what you can do best. All of the other long-term stuff that you’d like to do in a few years can wait. Remain focused.
Lastly, Jed says “Know Thyself” which is certainly true….I’d expand that a bit because you need to know your strengths, but more importantly your limitations. His key point her is to “Know Thy Customer” which is key. Great post

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