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TimS comments on Boring Advice Repository - Less Wrong Discussion

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

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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".