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.
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.

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