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THE PROBLEM
Your first customer pays you – YES!
You look at your bank balance – YIKES!
If your customers are paying, why is there more money going out than coming in?
Because you didn’t think about all of the things that have to be done to make your business work.
You might be really clear about what it costs to attract buyers.
You underestimate how much it costs to deliver what you promised them. You don’t think about what you have to do to keep those new customers happy. You forget that you have to keep building, and support the business & the team.
And paying yourself? You’re betting that will happen later…but you’ve got no idea when.
Here’s the reality – every business only has to do 5 things:
- Build new products or services
- Attract buyers
- Deliver your products or services
- Delight your clients
- Support your business & your team
You rarely think of everything upfront, especially in areas of your business where you don’t have a ton of experience.
So you get hit with unexpected costs because you’ve only modeled part of your business instead of the whole thing.
THE SOLUTION
Fric helps you figure out if your business model works by making sure all the costs associated with running a business are included. We help you do that by visually modeling each function in your business.
We help you ask the right questions for each business function, so once you complete your projection, you’re confident that you’ve considered all the possible costs.
Plus, we help you track what you’ve already done – and what you still need to figure out – right on your dashboard.
No more second-guessing, no more partial answers, just complete visibility into whether your business model actually works.
Because entrepreneuring is hard enough without things that make you say “fric”
🧐 Interested in the previous three questions? Find Sleepless Founder Series Question #1, Am I leaving money on the table or losing money on every sale? Here: https://www.linkedin.com/pulse/sleepless-founder-series-questions-keep-founders-up-night-sims-rer9c/?trackingId=e7cuXeaFR%2B6MdadZp4yzkg%3D%3D
Sleepless Founder Series Question #2, How long will it take my business to turn a profit & how much will it cost, Here: https://www.linkedin.com/pulse/sleepless-founder-series-questions-keep-founders-up-night-sims-kd4oc/?trackingId=3j3EG2iaRT2jxqJmR8lJHQ%3D%3D
And, Sleepless Founder Series Question #3, When can I stop wearing all the hats? And who do I hire first?, Here: https://www.linkedin.com/pulse/sleepless-founder-series-questions-keep-founders-up-night-sims-ajh2c/?trackingId=SMo81QYiQLy9uuSu7j6GMA%3D%3D
When you are ready to move from insight to action, Fric helps you build a plan rooted in reality. It connects assumptions, actions, and actual results so you can see what is really driving cash and profit. Start a free two-week trial and explore Fric at your own pace.
Stephanie Sims is a recovering investment banker, two-time founder, speaker, venture capitalist, and startup educator who believes every entrepreneur should build a business that makes dollars…and sense. She is also the author of Funding Your Business Without Selling Your Soul. After watching too many promising founders chase funding at the expense of long-term success, she created Fric —an interactive platform that turns your big vision into actionable steps. Fric helps entrepreneurs like you map and navigate the shifting path toward the world you believe should exist. This skill, which Fric calls visionary prowess, equips you to make confident decisions, take committed action, and chart your own route to success.
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