Early and late · The early cost · Element
The runway
Whether the organisation can fund the wait.
The part
What it is
Burn multiplied by wait, against available cash. This is the actual constraint and it is a straightforward calculation.
Where the answer is no, entering early is a decision to run out of money in an unready market.
The smallest level
The attributes it carries
Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.
The other elements in the early cost
The burn
What operating in an unready market costs per period.
LearnThe wait
How long before the market arrives.
Learn