From Houston TeXchange August 16th event recap:
Question: What are the hallmarks of effective financial management?
Know where you are at on the S-Curve and plan your capital use, growth, hiring, and sales and marketing spending accordingly. Without management to the S-Curve your company will decline. Capital options and their availability are directly dependent upon where you are on the S-curve. The cost to shift to a different trajectory requires capital so planning in advance is required to efficiently attract capital.
Once you now where you are at on the S-Curve, the hallmarks of effective management includes having an accurate budget and forecast and managing to them. Failure to do so is why companies don’t scale.
Download the full Houston TeXchange recap on Useful Capital Strategies for Growth here:
http://www.ephorgroup.com/download/UsefulCapitalStrategiesforGrowth-August2012.pdf
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