In this article, Ben Horowitz describes a common approach to budgeting that nearly led to his former company’s demise. Does this look familiar to you?

1. Set goals that will enable us to grow
2. Break the goals down so that there is clear ownership and accountability for each goal by a specific team
3. Refine goals into measurable targets
4. Figure out how many new people are required to hit the targets
5. Estimate the cost of the effort
6. Benchmark against the industry
7. Make global optimizations
8. Execute

Drake – 0 To 100 / The Catch Up | Listen for free at bop.fm

“Real quick, whole squad on that real sh*t0 to 100, n***a, real quick”-Drake, “0 to 100/The Catch Up” For the audio version of this post click here. Drake – 0 To 100 / The Catch Up | Listen for free at bop.fm I am a giant advocate for technical founders running their own companies, but one consistent way that technical founders deeply harm their businesses is by screwing up the budgeting process.