FINANCE

Stratify suppliers into those that: a) must be paid currently, b) accept late payment occassionally, c) take late payment as a matter of informal policy. - James Wicker

Offering a discount if the payee pays within a certain period of time is the most effective way of accelerating payment of an invoice. - Ben Casnocha

All financial models built of a start-up projecting more than 6 months in the future are guarenteed to be grossly inaccurate. - Ben Casnocha

If a start-up company's monthly total expenses is more than $20-25k / employee / month, it's running rich. When it achieves some economies of scale, it should be more like $15k/employee/month. - John Kembel