Step #11: Does it Pencil?

Can your startup ever earn a profit? If so, when? If so, how much money will it take to reach that goal? Answers to these and other questions are the purpose behind building a financial model, a key component of a business plan. This week's podcast will walk you step-by-step through the a quick "back of the envelope" financial model, which in under an hour can tell you whether you are heading in the right direction or wasting your time. Post your questions to www.quora.com/profile/Luni-Libes Read the book at lunarmobiscuit.com/the-next-step See the results of The Next Step at youtube.com/fledgellc More advice at lunarmobiscuit.com/blog Music by Kevin MacLeod - incompetech.com