Posts Tagged ‘estimating’
This is something I wrote for a question on LinkedIn. In that thread, others recommended Excel as your software of choice, though SPSS and SAS are more industry standards; some recommended The Cartoon Guide to Statistics as a text. I recommend them too.
Valuation is the art of putting a price tag on your business. That’s probably grossly oversimplified, but if we’re talking about start-ups, most entrepreneurs need information distilled, even to the point of oversimplification if necessary. LOL Valuation is just about essential if you’re seeking outside investment; but it helps you even if you’re not. Here’s [...]
Before you start comparison-shopping for a vendor, before you make that first call, and for Heaven’s sake before you buy whatever that thing is you want to buy, maybe spending thousands of dollars, make sure you have the Four Laws in mind:
You know what you want to do with it; the vendor knows what it [...]
I’ve been in the classroom for a couple years, teaching high-school math. One thing I can say: nearly every kid I’ve had in class hates it. (A fair number of them hate me, but that could actually be cause-and-effect. It might not be personal. Might.) When you hate something, you tend not to focus on [...]
No doubt about it: the ability to make assumptions that will simplify an analysis is critical to a business plan. No doubt about this either: nobody knows more about how to generate these assumptions than engineers. This is a reason – as if you need one – to recognize that any small business [...]
I know someone who’s selling something, and is not sure what to charge the customer for the product. So I went to the drawing board and came up with an estimate. Here’s what I did:
Regarding the product you’re selling
it takes a certain number of people (Np, a decimal) working full-time to develop it
its [...]
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