Month: December 2024
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Business Bingo Card
Writing out a yearly plan is a fairly simple process. In a nutshell: This year, I’m creating a “business bingo card” for a quick overview of the things I want to accomplish in 2025. That way, I’ll have a nice visual layout of my goals and everything lives on one page. How it will work…
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A Quick Guide to Business Planning
As I’m prepping for the end of the year and starting to write my annual letter, it’s reminding me this is hands-down the best thing you could do for your business today — write out a plan for 2025. You’ve got to be careful if you don’t know where you’re going, because you might not…
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The 5 Best Financial Reports
“Send me your financials.” What I receive in response to this question is typically a mixed-bag. Maybe there’s a different answer depending on the recipient, but I’ll share my 5 favorite financial reports. These are the ones I’d want to see in order to really help someone. The 5 best financial reports (in order): The point is to look…
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Business Breakdown Part III: Projections & Planning
This is the final installment of a multi-part case study on Starbucks Corp. We previously covered the business model, profit model, unit economics, and financial statement analysis (links below). The goal for today is to create a quick-and-dirty financial projection and build an action plan for this company. Quick recap — Starbucks is a vertically integrated retailer of…