Tab: Startup to Shutdown – 10 Lessons Learned

I highly recommend reading the article that I’ve linked to below.  I wish more people would write about their lessons learned after their start-up goes belly up. Failure in the start-up space is inevitable, but we may be able to help others avoid our mistakes if we take the time to write about them. Additionally, I think writing about their failures will reinforce the lessons learned to the failing founders so that their next venture has a better chance of succeeding.

But I must say, their lesson learned #9 really bothers me. Not having a financial model in place to truly understand your business is inexcusable! It’s very easy to do! You don’t need to be a whiz with Excel either. I’ll be sure to write a post soon about some basic financial modeling methods.

Here’s the article: Tab: Startup to Shutdown

For more information, contact Chris Arndt at [email protected] or call him at 312.494.7014. Visit to learn more about our Cloud CFO Services. 

Click to book your free consultation today

Share This Post

Subscribe to our newsletter

Your accounting questions answered.

Related reads