Terry Starbucker: Valuing Gains
on Thursday, March 29, 2012Terry Starbucker Money Quotation saying Awareness of every penny spent and every dollar earned is a talent shared by the best entrepreneurs who value each gain or loss for what it teaches. Terry Starbucker said:
“Innate Understanding of the value of EVERY dollar – No dollar lost (or gained) is unimportant; there are no rounding errors in a start-up” — Terry Starbucker
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In this quote, Terry Starbucker is emphasizing how founders of early-stage startups must be extremely meticulous with every dollar spent and earned in the business.
When Starbucker says “no dollar lost (or gained) is unimportant”, he means that in the precarious financial position of most startups, every single monetary transaction matters greatly.
There is no room for wasteful spending or overlooking small amounts of revenue due to their limited initial budgets.
The quote conveys Starbucker’s view that founders must have an “innate understanding” that each financial decision carries weight, and that success in the startup phase requires accounting for every “rounding error” rather than dismissing small sums.
He is highlighting how a meticulous, almost obsessive approach to money management is necessary in the fragile economic conditions of launching a new company.