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All articles by The Startup Station

We have blogs in six categories. Click on the category name in the menu below to see blogs in that category. You can also use the search function.
January 15, 2023
Having reviewed hundreds of financial models across more than fifteen industries, Iโ€™ve identified five most common mistakes entrepreneurs make when creating their financials. In this article and the corresponding video, we discuss each of these mistakes in more detail so that you can learn how to model your company correctly and get funded faster.
January 15, 2023
For pre-revenue companies, forecasting demand is very challenging because there is no financial history. To overcome that problem, some startup founders use random number generation as a tool to โ€œlogically generateโ€ demand for their product or service. In their minds, this strategy is their best bet because they have no idea how to estimate demand otherwise.
January 14, 2023
The Startup Station was created to help you model ventures with no financial history. In this article and corresponding video, we discuss our approach in more detail.
January 14, 2023
I often get asked by entrepreneurs how to create assumptions for their financial model when there is no financial history, no product on the market, and no track record. How can they ensure that those assumptions are credible, justifiable, and taken seriously by investors, strategic partners, and other co-founders? There are four things to consider to help you properly formulate your business strategy and convert it into a credible financial forecast.
January 14, 2023
All startup founders must create financial projections for their companies at some point, especially as they embark on the fundraising journey. That is true regardless of them having the finance knowledge to do it correctly or their company having the financial history to make their job easier.
January 14, 2023
You have an idea. You are excited. You canโ€™t wait to start. But before you pour all your energy, time, and money into it, you first must evaluate its viability. More specifically, are you really solving a problem that needs be solved, and is your solution actually better than others that already exist?
January 14, 2023
As a startup founder, time management and priority setting are very important. There are many things you need to do every day and at times it can be overwhelming to decide what to do first. These four steps will help you better understand where you should focus your efforts.
January 14, 2023
Nowadays, it is hard to be in the startup world and not hear the buzz words: blockchain, artificial intelligence, and big data. Thus, it is very natural to have FOMO that if you donโ€™t adapt any or all of these technologies for your startup venture, your solution will not be competitive long-term.
January 14, 2023
There are many common mistakes that first-time entrepreneurs make. It is important to be aware of them so that you can launch your venture successfully. These are three main common mistakes.
January 31, 2022
Being confronted with having to value your venture without any financial data and often without proper finance training is the nightmare and reality of every startup founder. You donโ€™t want to sell yourself short, and at the same time, you donโ€™t want to seem unrealistic and lose a chance to raise capital.

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