What's Your "Money Number" as a Founder or Startup Employee (#17)
The hard truth every founder or startup employee needs to know about money. Even though we spend most of our waking hours “working” – we don’t know what we’re working towards. Here is a framework to help.
Audio is streamed directly from the publisher (media.transistor.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
What's your number? Do you know what you're working towards and how much money you want in the bank? Here is the framework I use to answer that question:
First, here are three simple options for how to think about income:
- Option 1: Break-Even
- Option 2: I’m Feeling Comfortable
- Option 3: F-You Money
Second, What are your options for hitting your number? Obviously, there are lots more than the three but I am laying out three scenarios for income.
- Scenario 1: The Employee with Golden Options
- Scenario 2: The VC-Backed Founder with an Exit Plan
- Scenario 3: The Bootstrapped Founders with Cash Flow Dreams
Finally, how do you decide? The truth is that it's not about money but the life you want.
RESOURCES: