Re:Entrepreneurship's Dirty Little Secret
by markest1973 on Tuesday April 17, 2012 @02:09PM
(#3854100)
That's true. My post assumed a software-centric view of the world, where costs are very low and all that matters is a great product.
In most other businesses, it would be very important to know how many widgets you need to sell at what price to float the loan payments for production or to know all your overhead costs before taking on a consulting/service contract. Neither of those require long range planning, though, which I think are still guesses. The immediate budget and plan, however, is important.
In most other businesses, it would be very important to know how many widgets you need to sell at what price to float the loan payments for production or to know all your overhead costs before taking on a consulting/service contract. Neither of those require long range planning, though, which I think are still guesses. The immediate budget and plan, however, is important.