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Element 34. Low Cash Required Before Lau... > The Coin-Operated Laundry—Low Cash R...

The Coin-Operated Laundry—Low Cash Required Before Launch score: 8

You are launching a new business that provides cleaner and Coin-Operated Laundry services. The important thing is to lease the space, acquire possession of the equipment, hire the staff, and initiate service. How should this be scored? Normally this element is calculated to anticipate an innovation that involves significant capital that we are hoping, in this element, to postpone as far as possible. Let’s award you with an 8 just to keep moving through the Scorecard. How can it be improved? Bump every possible obligation into the status of marginal cost, that is, make them payable only upon receipt of cash. Obliterate cash outlays as much as possible prior to launch. Make every possible expenditure conditional upon the launch. No launch, no exposure.

Element 34, Low Cash Required Prelaunch score summary:
Weight 2 × Score 8 = Total 16



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