Startup Blog Insights with Taffy Williams - Cash is King in Startups



We are happy to again be talking to Taffy Williams this month about startups, leadership and business creation. We get some in-depth thoughts from Taffy about topics from his blog -- Startup Blog as well as articles at examiner.com. This month, the topic is cash. Taffy wrote recently for the examiner.com called 6 Ways to Stretch Cash Reserves and 4 Actions that Result in Improved Revenue Models” and which provide ways you can change the world and environment around you.

Stretching the Startup Cash

"I love this thing-Lean Startups.. they all start off with no money...They are trying to stretch any cash they have or figure out how to go along without any cash." (2:28)

"The fact that you have equity to give away in a startup that has potential means you have something that is tradable instead of cash. Using equity is a great means of stretching what little cash your have or to work in lieu of cash...you can't give it a way like candy...if you were to invest your time as a contractor, as somebody doing some kind service work, and you didn't get paid cash where you could have been paid cash by someone wouldn't it be great to get some upside to the company" (3:04)

"when you get down into the weeds and trying to figure out who is using your product, why they are using your product and adoption that becomes now a much more detailed exercise sometimes it requires doing some kind of consumer analysis by interviews...your analysis has to be more than just the theoretical number of people who can use your product" (17:35)







You can reach Taffy at his website www.colonialtdc.com or on Twitter @twilli2861.

You can find these articles and others from Taffy Williams here.

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