Interview with Sramana Mitra on 1M/1M Program

Rajesh Setty

Through the spring of 2010, we released four volumes of EJ books and continued to experiment with the roundtables, which became increasingly popular. Meanwhile, in January 2010 my New Year’s resolution was published. Once the $1 million revenue milestone is crossed, entrepreneurs find it easier to find additional customers, manage working capital, and access funding, whether it is credit or equity. And finally, we have defined 1M/1M as a framework for capitalism 2.0,

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Artisans Must Balance the Books

Harvard Business Review

The Conversation Blogs The Conversation Artisans Must Balance the Books 8:12 AM Tuesday November 23, 2010 by Ndubuisi Ekekwe | Comments () Email Tweet This Post to Facebook Share on LinkedIn Print The boy was 11 years old when his father took him to live with a kinsman, a businessman with many shops in Lagos, Nigeria. As more people depended on him, he spent his working capital, and the business failed.

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Creating Michelin-star Quality for the Masses

Harvard Business Review

According to the 2010 Michelin Guide, there are 229 one-star, 37 two-star, and as many as six three-star restaurants in Italy. Capital investment and operating expenses are high because cooking equipment and raw materials must be the best: wines devour working capital, the kitchen and serving staff must be paid handsomely, and crystal glasses and crockery will break. Oldani has created a Michelin restaurant for the masses by working on two fronts.

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Artisans Must Balance the Books

Harvard Business Review

As more people depended on him, he spent his working capital, and the business failed. When artisans have no understanding of their cash flows, they fail prey to spending a big percentage of their working capital, without meaning to, on non-business issues that usually cripple their operations. The boy was 11 years old when his father took him to live with a kinsman, a businessman with many shops in Lagos, Nigeria.

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Are You Growing Too Fast?

Harvard Business Review

And when Allen Printing's bank, facing problems of its own in 2010, suddenly called in its loan, the company was so strapped for cash that it had to file for Chapter 11. In the case of Allen Printing, these metrics include new orders booked and overtime hours worked.

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