Sadly, one of every two startup businesses fails within the first three years. But it’s possible to increase your odds by more than 50%. The number one criterion that separates successful startups from failed startups is this: Understanding the numbers of your business. Think about this. You know what you’re going to sell. You know who your customers will be, and you know how you’re going to market. But are you confident you’re charging enough? What will your startup costs come to? How much cash d... [continue reading]

If you are considering starting your own business, please join Bob and me on Saturday, January 18, 2020 for our next workshop, called “The ProjectionSmart Proof Plan.”  We are once again holding this workshop through the Minneapolis office of SCORE (Service Corp of Retired Executives). Statistics show that the best way to help your new business succeed is to plan! Businesses that have a plan succeed far more often than those that start without a solid business and financial plan. We’ll show you the si... [continue reading]

One semester I was teaching “Business Plan Development” to a group of students who were considering starting their own businesses. These students wanted to increase their odds of success, so they took the class to learn how to do business planning. To help them understand the numbers of their business, I had them use ProjectionSmart Startup. I told them, “Just enter your raw data into ProjectionSmart. Don’t worry about it for now. Just enter your best guesses and let ProjectionSmart do the analysis... [continue reading]

Sadly, one of every two startup businesses fails within the first three years. But it’s possible to increase your odds by more than 50%. The number one criterion that separates successful startups from failed startups is this: Understanding the numbers of your business. Think about this. You know what you’re going to sell. You know who your customers will be, and you know how you’re going to market. But are you confident you’re charging enough? What will your startup costs come to? How much cash do you ... [continue reading]


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~ Sam, Entrepreneur

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