August 2015
Beginner to intermediate
208 pages
5h 32m
English
Content preview from Commercializing Innovation: Turning Technology Breakthroughs into Products
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CHAPTER 8
The Numbers
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.
The world of numbers completely embraces the world of commercialization decisions. The value of numbers is that ...