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Blog Past: Quarterly Numbers

January 30th, 2011 · 1 Comment

From a post a couple years ago:

My advice to entrepreneurs is (and I wish someone had given this to me a decade ago):

  • think of the business in quarters: it is the right granularity — a month is too short, and a year is too long
  • put together a 2-3 member Board with whom you can review the business once a quarter
  • prepare a quarterly report just like a publicly listed company does (and share it with the Board and senior management internally)

The challenge inherent in new, early-stage blue ocean businesses is that one has no clue how the numbers will come up against projections or targets. But, the exercise will still be a useful one and creates much-needed discipline of tracking numbers.

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1 response so far ↓

  • 1 Bhavish Aggarwal // Jan 30, 2011 at 10:40 am

    I agree with the spirit of doing a quarterly review. But I feel the time period should vary according to the age of the startup.

    Newer startups might have to do a detailed review more frequently than a quarter, maybe once a month as there are more uncertainties in their model compared to a more mature startup.

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