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Financial Management with Brandon Nussey

This entry was posted by Administrator on Tuesday, June 8th, 2010 at 11:55 am and is filed under Bootcamp, Events, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Brandon Nussey, CFO Desire2Learn

What matters more to a start-up company than money? According to the CFO of Desire2Learn Brandon Nussey, nothing!

The Velocity Bootcamp entrepreneurs had the pleasure of learning about financial management and the key factors every entrepreneur has to keep in mind when managing their money. Of the most important points Brandon touched on last night:

  • The ONLY thing that matters is CASH!
  • Being cheap is a COMPLIMENT
  • The little dollars matter too
  • We are all finance experts as long as we follow two simple things: the money coming in and the money going out!

    • Brandon focused heavily on the need for simplicity when it comes to the initial stages of managing cash flow. Case in point: $10 IS important and a simple spreadsheet will save you from burning through all of your initial funding.

    Think you have what it takes to be an entrepreneur? Be sure to keep these points in mind when planning your next entrepreneurial venture:

    Model- before you begin

  • Know your market well
  • Know your drivers
  • Know how you will make money
  • Know your burn (where you are spending your money)

    • This information can help save you a great deal of time and money when implementing your next big idea so start being cheap and watch your savings go further than you ever thought possible! :)

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