Connections for Success

 

10.06.13

Tab: Startup to Shutdown – 10 Lessons Learned
Chris Arndt

I highly recommend reading the article that I’ve linked to below.  I wish more people would write about their lessons learned after their start-up goes belly up. Failure in the start-up space is inevitable, but we may be able to help others avoid our mistakes if we take the time to write about them. Additionally, I think writing about their failures will reinforce the lessons learned to the failing founders so that their next venture has a better chance of succeeding.

But I must say, their lesson learned #9 really bothers me. Not having a financial model in place to truly understand your business is inexcusable! It’s very easy to do! You don’t need to be a whiz with Excel either. I’ll be sure to write a post soon about some basic financial modeling methods.

Here’s the article: Tab: Startup to Shutdown

For more information, contact Chris Arndt at carndt@orba.com or call him at 312.494.7014. Visit ORBA.com to learn more about our Cloud CFO Services. 

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