News from Kauffman Founders School: An online educational resource dedicated to entrepreneurship. January 9, 2015
The Art of Data: Deciding the Business Metrics that are Most Important for Your Company to Measure and Monitor
Entrepreneurs hear a lot about vision and passion. About being lean and about pivoting. About customers and canvases. But you don't hear a lot about measuring and monitoring the critical business factors that will determine your success or failure. Maybe because it's hard, or maybe because it's boring.
"And They're Off!" Jump Starting the New Year on the Right Foot
For high-performing entrepreneurs, a new year feels a bit like the excitement you feel at the start of a marathon. You've dreamt about it. You've told your friends. You've trained. You've got the right shoes! Most importantly, you've made a commitment to go the distance.
Final 'The Art of Startup Finance' Video - Financial Monitoring: Your Performance Metrics
Get in the habit of producing good financial reports every single month. But you need more than just standard financial reports. You need a Management Dashboard that monitors critical metrics that may not pop out of your accounting reports. These monthly reports are a learning opportunity: What did we think would happen? What actually happened? Why was there a difference? Are we on track to hit our key milestones?
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