Should I Feel Guilty for Failing?by Wil SchroterWhile it's perfectly natural to feel disappointed when a startup fails, it's not cool to let guilt eat away at you. The key is to bounce back from setbacks and keep pushing forward, no matter how tough things get.Continue
The Case Against Full Transparencyby Wil SchroterBeing honest with your customers and clients will help attract more people to your company, but excessive sharing of information could also create some problems. So, how much transparency is too much?Continue
Why Do We Still Have Full-Time Employees?by Wil SchroterLet’s find out what full-time employment realistically is for a startup and how you make the most out of it.Continue
How Many Deaths Can a Startup Survive? by Wil SchroterStarting a business is just a series of recovering from deaths — but when does it start getting better and when would you realize that you should stop?Continue
Living the Founder Legend Isn't so Funby Wil SchroterWhenever we hear a story of somebody else’s win most likely we find it inspiring and decide that we want to be like them someday. But are you really willing to go through the pain they had to live through just to be where they are now?Continue
How do We Manage Our Founder Flaws?by Wil SchroterSharing our flaws is terrifying. But it's how we handle the challenge that people care about.Continue
Startup Growth Challenges: The Downfall of Becoming Internally Focusedby Wil SchroterThere’s a huge possibility that your focus might change from managing customers and shipping products to hiring staff and doing reports — which could lead to a stall in your skills and growth as a Founder. So as you motivate your people, keep motivating yourself as well!Continue
Analyzing Startup Accounting Resultsby Wil SchroterAnalyzing and managing the income statement is about making tons of little tweaks, all the time. Let's cover what goes into analyzing our financial statements and operating expenses to see if they accurately reflect all of the financial transactions we just inputted in our income statement.Continue
Startup Accounting: Processing the Databy Wil SchroterWe're going to update our financial statements using a simple accounting process that requires zero professional accounting experience or accounting software — it's just our income statement spreadsheet (free download for you!)Continue
Finalizing Startup Projectionsby Wil SchroterIt’s not uncommon for a first-year startup to be constantly adjusting the numbers and watching the forecasts swing all over the place on a regular basis. Forecasting isn’t a one-time thing, especially for startups. We should be updating this forecast constantly as we get more and more data about how our business will perform.Continue