Remove profit-and-loss-statement
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Are balance sheets or profit and loss statements necessary to produce for early stage startups with no revenue?

Gust

So yes, it is absolutely standard practice for investors to require both existing financials that document the current state of the company into which they are investing, as well as projected financial statements giving them some idea of what you believe you will be able to make, and what you believe it will cost, if they invest.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

One of them is profitability. I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” There is a healthy tension between profits & growth. It allows you many more exit opportunities.

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Should Startups Care About Profitability?

Both Sides of the Table

One of them is whether profitability matters. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” In any tech startup there is a healthy tension between profits & growth.

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Why ROI has no place in marketing

Entrepreneurs' Organization

My friend’s business runs at a 50% gross profit, or in other words, it costs him 50% of his revenue to deliver on his promise. With growth comes the growth of fixed costs, so you need to factor them in at all times; otherwise, as revenue goes up, profit comes down! Revenue vs. profit. Profit is the operative word.

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Cash Management In Startups

A VC: Musings of a VC in NYC

It looks like a forward-looking profit and loss statement. When I was in my mid-20s and had just gotten a job in venture capital, I read a piece on Alan Shugart , the larger than life founder of Seagate, one of the most successful disk drive companies. ” That got my attention because mothers are really important.

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Freelancer or entrepreneur? Making the mindset shift

Entrepreneurs' Organization

As a result, I gained new insight into my profit and loss statements. Contributed by Julia L F Goldstein, the founder of JLFG Communications , which helps businesses share their world-changing ideas through clear and concise content. With a business, the owner is all-in and committed to making it a success. What’s in a title?

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Ego vs Vanity: The Founder’s Dilemma That Shapes Your Destiny

Entrepreneurs' Organization

Though he appeared successful to everyone else, a deep dive into his profit and loss sheet revealed he was barely making ends meet. My mission statement is “to live a fulfilling life by taking risks and competing for extraordinary accomplishments.” My mission statement is entirely driven by me, not by anyone else.