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The Numbers

In: Commercializing Innovation

Author

Listed:
  • Jerry Schaufeld

Abstract

In early stage companies (or projects), there is a need for close control of capital resources. Yet even with staff and control systems in place, money seeps through the cracks, never to be seen again. Clearly, better tools are required to navigate through this quandary. I present a financial model that not only helps control the variability of cash flows, but also allows you to change the assumptions behind the numbers to give it a predictive capability. The change in the accounting and finance functions at each stage of growth will also be presented. They are dramatic and affect each function in the company.

Suggested Citation

  • Jerry Schaufeld, 2015. "The Numbers," Springer Books, in: Commercializing Innovation, chapter 0, pages 101-116, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4302-6353-1_8
    DOI: 10.1007/978-1-4302-6353-1_8
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