by Mike Goodrich | May 18, 2022 | 2022, Advising, Birmingham, Business Lessons, Entrepreneurialism, Founders, Marketing, Revenue, Sales, Small and Medium-Sized Businesses, Start-Ups, The Structured Start-Up Podcast, World Games
Blog 2 of 2 (unless I can work in a Sumo Wrestling or Drone Racing analogy) I recently had two entrepreneurs share with me that they are considering and under consideration for selling their wares at the World Games. I gave one an enthusiastic thumbs up, as it was an...
by Mike Goodrich | Mar 19, 2021 | 2021, Business Lessons, Entrepreneurialism, Founders, Small and Medium-Sized Businesses, Start-Ups
Part Two of Three: The Five-Year Pro Forma[1] Read Part One: Valuation here Budgets are crucial — and usually provided to investors — for even the most nascent start-up. Even if no revenue is expected within the first year, money is still needed to run the...
by Mike Goodrich | Feb 26, 2021 | 2021, Business Lessons, Entrepreneurialism, Financing, Small and Medium-Sized Businesses, Start-Ups, Valuation
Part One of Three: Valuation[1] The question of how one should value an early-stage company is often asked, but usually has no good answers. If the opportunity is large enough (which is the goal with venture capital), a thorough valuation is perceived as irrelevant....
