TimS comments on Boring Advice Repository - Less Wrong

56 Post author: Qiaochu_Yuan 07 March 2013 04:33AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (557)

You are viewing a single comment's thread.

Comment author: TimS 07 March 2013 02:33:23PM *  8 points [-]

When starting a business, know your costs. The amount you need to earn (today / this week / this month) to break even is a number you should have essentially memorized. Beware ignoring so-called minor costs or failing to allocate costs to revenue sources.

AKA know your "nut".