TJHWNN and the Crazy Chicken have completely difference approaches to life and work, and work incredibly well together.
Multi-tasking for CC now involves switching from Facebook with morning coffee to reading reference articles and links added to the collaboration space (so far mainly by TJHWNN). I can get just as lost reading articles and links on startups (and less frustrated than by reading blindingly posted Facebook memes).
This morning a piece on "Red Flags for Startups" led me to a piece on frugality in startups. (See Cash Efficiency.) A key sentence for me was "Cash efficiency is the core indicator that a founder understands what she or he is trying to accomplish." Whilst I sometimes plead for financial restraint, TJHWNN has in "Go big or go home" in mind for our project - and we keep each other on track.
What constitutes cash efficiency in a startup? When is an item a necessity or a luxury? If you were employed in a startup, how would you confront a CEO about an unnecessary purchase – or try to convince them to purchase something? Or would you?
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