The Startup Check List

#1

Post by rameadows » Thu, Feb 28, 2013, 3:46 PM UTC

Re: The Startup Check List

#2

Post by wtvanhest » Thu, Feb 28, 2013, 4:27 PM UTC

Great list.

You mentioned that you would model revenue, and that makes sense. You should also model expenses. Subtract expenses from revenue per month and you will get projected profit/(loss).

Add your losses up so you know how much money you need.

Obviously this is all magic, but modeling is not necessarily for use in projecting future profit. Modeling is a great tool to understand your business before things happen.

Re: The Startup Check List

#3

Post by creativename » Thu, Feb 28, 2013, 4:28 PM UTC

This is actually a little more in-depth than some of these types of lists get into. I really liked some of the metrics tracking that they suggest adding in. It's unfortunate that this is getting posted to HN, though, before their actual site is live so that could check it out.

Re: The Startup Check List

#4

Post by spencerfry » Thu, Feb 28, 2013, 4:39 PM UTC

wtvanhest wrote: post #2

Great list. You mentioned that you would model revenue, and that makes sense. You should also model expenses. Subtract expenses from revenue per month and you will get projected profit/(loss). Add your losses up so you know how much money you need. Obviously this is all magic, but modeling is not necessarily for use in projecting future profit. Modeling is a great tool to understand your business before things happen…

Totally agree. I should probably clarify that point to say that we looked at both revenue and expenses. This is especially important if you plan to bootstrap for some time as we do.