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Thinc fall

Published on Nov 19, 2015

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PRESENTATION OUTLINE

FALL

The plan...

ALL SIGNS POINT TO...

  • Utilize Fbooks
  • Pay up front
  • Work smarter not harder
  • Vote like a board on key decisions
  • Need to define business processes
Photo by _bianconero

Define best practices for success.

THINC BEST PRACTICES

  • Weekly status meetings
  • Knowing job is fluid due to supply and demand swings
  • Always Focus on moving forward
  • Need structure, albeit loose
  • Tight revenue and expense reporting
Photo by marsmet523

U ARE A MANUFACTURER

IF YOU TAKE RAW MATERIAL AND CREATE PRODUCT
Photo by Dunechaser

CURRENT APPROACH

Front of the house vs back of the house

Pros and Cons

  • Good during pilot period, clear accounting
  • Bad for expenses and solving independent decision making
  • Still need one view of the business 
  • Bad for the brand and marketing
  • Good for making a quick buck, bad due to confusion

LETS SOLVE PROBLEMS IN CHUNKS OF TIME

  • next 1-2 weeks
  • this month
  • by quarter
  • Going Rec
Photo by Pathos Photos

This week

KNOWING DEMAND IS HIGH
Photo by VinothChandar

10/27 - 11/2

  • Help is here; Girls and Juan
  • Expense this week - rent, plat, labor
  • sweeten up the oil or revising strain strategy
  • new reality
  • launch new website
Photo by seannaber

NOVEMBER

  • Marketing strategy
  • Pens and p-rolls
  • New help, padre
  • Forecast expenses
  • Off-site packaging facility
Photo by kevin dooley

Q4...ARTICLES OF BUSINESS

  • Do we need a retained lawyer?
  • Need to draw up business docs
  • Would be nice to solve inventory issue
Photo by Foo Joon Sunn

Q4...MOVING FORWARD WITH DEBT

  • Agree on how we handle debt
  • Tons of existing models
  • Is it a loan with interest, depreciating assets
  • Is it a % of revenue before partner split
  • Does it stay on the books forever, new vs old
Photo by LendingMemo

FISHING