Startup Professionals Musings

MARCH 25, 2023

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

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Valuation Revenue Viral Retention 235

Startup Professionals Musings

JANUARY 18, 2014

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point.

Entrepreneur 283

Entrepreneur Startup Angel Investor Technical Review 283

Startup Professionals Musings

MAY 12, 2017

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point.

Startup 161

Startup Angel Investor Technical Review Incubator 161

Up and Running

AUGUST 13, 2014

An Income Statement, also called a Profit and Loss Statement, is a fundamental tool for understanding how the revenue and expenses of a business stack up. Simply put, it tells anyone at-a-glance if your business is profitable or not. In this article, Ill review: The purpose of an income statement in your business plan.

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.Net Balance Sheet Forecast Business Plan 100

Startup Professionals Musings

AUGUST 10, 2014

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Both have worked.Google reached $1 billion in revenue within five years of incorporation, and now has a market capitalization of over $400 billion. A business only achieved critical mass by becoming cash-flow positive.

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Revenue Entrepreneur Valuation Viral 246

Up and Running

JUNE 23, 2022

Pre-Tax Return on Net Worth. This ratio is not applicable if the subject company’s net worth for the period being analyzed has a negative value. These are possibilities but generally, they are not very likely and you’ll need to convince your co-signer with your plan and possibly some collateral. Change your business plan.

SBA 163

SBA Finance Balance Sheet Technical Review 163

Startup Professionals Musings

DECEMBER 20, 2012

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point.

Startup 296

Startup Angel Investor Technical Review Incubator 296

Startup Professionals Musings

JULY 9, 2021

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Net out the problem and your solution in the first 30 seconds. Written business plan. Executive summary glossy.

Elevator Pitch 390

Elevator Pitch Entrepreneur Due Diligence Angel Investor 390

Startup Professionals Musings

DECEMBER 2, 2022

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model. Revenue model. Target market.

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Business Model Distribution Viral Green 256

Startup Professionals Musings

SEPTEMBER 19, 2011

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point.

Startup 286

Startup Angel Investor Technical Review Incubator 286

Startup Professionals Musings

JUNE 26, 2016

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $400B. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

Revenue 145

Revenue Valuation Startup Viral 145

Startup Professionals Musings

OCTOBER 8, 2023

By definition, angels are accredited investors, who invest their own money for a percentage of the business. Each has met legal securities minimums for net worth and professionalism, to reduce the risk to entrepreneurs. Your pitch and business plan are important. Avoid risky or questionable business domains.

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Venture Capital Accredited Investor Syndicate Syndication 265

Startup Professionals Musings

JUNE 25, 2012

Just don’t quit your day job before your new company is producing revenue. If you don't know any “high net worth” individuals, use your advisors to find them. A related company may see the value of your product as complementary to theirs, and be willing to advance funding, which can be repaid when you develop your revenue stream.

Technical Review 257

Technical Review Bootstrapping Venture Capital Incubator 257

YoungUpstarts

MARCH 29, 2018

You should have included all your overheads and running costs in your original business plan, so revisit it and see how your predictions have turned out. Make sure you allow for any difference in revenue between what was predicted in your plan and what you are taking in reality. Consumables and miscellaneous costs.

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Startup Professionals Musings

MARCH 16, 2011

Just don’t quit your day job before your new company is producing revenue. If you don't know any “high net worth” individuals, use your advisors to find them. A related company may see the value of your product as complementary to theirs, and be willing to advance funding, which can be repaid when you develop your revenue stream.

Technical Review 233

Technical Review Bootstrapping Startup Venture Capital 233

Up and Running

MAY 1, 2014

You’ve reviewed what a business plan is , and why you need one to start and grow your business. It’s time to dig into the process of actually writing a business plan. In this step-by-step guide, I’ll take you through every stage of writing a business plan that will actually help you achieve your goals.

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Business Plan Forecast Balance Sheet Distribution 163

Startup Professionals Musings

JANUARY 27, 2021

By definition, angels are accredited investors, who invest their own money for a percentage of the business. Each has met legal securities minimums for net worth and professionalism, to reduce the risk to entrepreneurs. Your pitch and business plan are important. Avoid risky or questionable business domains.

Search 317

Search Accredited Investor Angel Investor Venture Capital 317

Gust

JUNE 17, 2012

Just don’t quit your day job before your new company is producing revenue. If you don’t know any “high net worth” individuals, use your advisors to find them. A related company may see the value of your product as complementary to theirs, and be willing to advance funding, which can be repaid when you develop your revenue stream.

Technical Review 164

Technical Review Bootstrapping Venture Capital Incubator 164

Steve Blank

MARCH 4, 2014

HR Process Historically Human Resources was responsible for recruiting, retaining and removing employees to execute known business functions with known job spec’s. The incentive system for a company focused on execution is driven by the goal of meeting and exceeding “the (quarterly/yearly) plan.” What Does this Mean?

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IRR Startup Business Model Agile 335

Up and Running

MARCH 9, 2022

Use the OLE ratio to measure how your income increases or drops depending on the changes in sales volume to show how much revenue is available to cover non-operating costs. Let’s say that your organization earned $1 million in revenue last year, and it cost you about $300,000 to operate your business.

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Equity .Net Balance Sheet Operations 136

Up and Running

AUGUST 6, 2015

Instead, by carefully planning your price increases and marketing them effectively, you’ll be able to generate more revenue—and maybe even more sales—while padding your bottom line. There are a variety of tactics you can employ to reduce the likelihood your customers will get angry when your business raises its prices.

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Management Technical Review Software Review .Net 60

Startup Professionals Musings

MARCH 1, 2010

Just don’t quit your day job before your new company is producing revenue. If you don't know any “high net worth” individuals, use your advisors to find them. Your funding strategy is a key part of every business plan, so don’t forget to check out all the alternatives. Friends and family. Angel investors. Venture capital.

Technical Review 149

Technical Review Bootstrapping Startup Venture Capital 149

Growthink Blog

AUGUST 3, 2016

But realistically, the past will always be with us, and it especially will rear its confining head when we seek help to grow and change our business in a big way. It goes like this: A business plan is prepared, outlining the very bright future for our company that we seek to bring to life. Now let me be crystal clear.

Jordan 48

Jordan Chicago Washington Technical Review 48

Startup Professionals Musings

JANUARY 20, 2018

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Net out the problem and your solution in the first 30 seconds. Written business plan. Executive summary glossy.

Elevator Pitch 164

Elevator Pitch Due Diligence Angel Investor Business Plan 164

Startup Professionals Musings

MAY 18, 2014

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Net out the problem and your solution in the first 30 seconds. Written business plan. Executive summary glossy. Marty Zwilling.

Entrepreneur 270

Entrepreneur Elevator Pitch Due Diligence Angel Investor 270

Hearpreneur

JANUARY 4, 2019

Often entrepreneurs and business owners create their New Year’s Resolutions around their business. It could be more revenue, hiring clients or launching a new product or service, but every new year is an exciting time because it’s ripe with opportunity. 20-Improve my company’s Net Promoter Score by 50 per cent.

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Entrepreneur Social Media Vertical SEO 122

Up and Running

NOVEMBER 12, 2018

The subscription box industry is growing rapidly thanks to a steady revenue model and tapping into people’s love for surprises. But with so many people trying to get their share of the growth, many subscription box businesses fold within a year or two. There are several different types of business plans that can help you stay on track.

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Business Plan Curation Balance Sheet Intellectual Property 63

Women Entrepreneurs Can

MAY 31, 2023

Financial projections are educated guesses about a business’s future income and expenses. They’re a vital part of any business plan and are especially important for startup businesses. Then subtract your expenses from your revenue to calculate your projected operating income or net income.

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Balance Sheet Forecast United States Finance 52

YoungUpstarts

NOVEMBER 17, 2019

But as you evaluate your situation, you may find that you’re extra stream of income is ballooning into a full-time revenue-producing venture. They either have a lack of time or resources to dedicate towards new clients and, as a result, have to politely decline business. There’s always the chance that your new business could fail.

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Salary .Net Revenue Finance 147

Startup Professionals Musings

DECEMBER 31, 2014

Add New Revenue Streams and More Aggressive Marketing: At the same time, most small businesses plan to spend more on digital marketing in the year ahead, and pursuing new revenue streams is seen as a top priority for transforming bottom line profits. See where you can maximize this type of profit.

Small Business Administration 257

Small Business Administration SBA Forecast Government 257

Up and Running

AUGUST 3, 2016

Sales goals, based on your firm’s profit margins and goals for gross profit and net profit. Profit goals, based on growing the business as well as paying owners, management, and personnel. Need some more advice on starting your construction company, or prepping your business plan? Let us know!

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Revenue Nebraska Virginia Lean 60

Up and Running

JULY 15, 2014

Whether you’re a startup or an up-and-running business, you should know what your total potential market opportunity is for your products or services. That said, it’s important to note that a formal TAM and market analysis is not always necessary for a small business. Revenue forecasting with your TAM.

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Marketing Forecast .Net Revenue 122

Cracking the Code

JANUARY 22, 2009

While it may make sense to offer very slight adjustments for favorable payment terms and one time revenue, net additions to MRR should dominate the sales rep’s thoughts. 1 of MRR generates $12 of annual revenue, so $1 commission equals 1/12=8.3% This simple compensation plan structure worked very well at Netli.

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Software Review Clawback Sales Salary 91

YoungUpstarts

SEPTEMBER 28, 2016

There is very little difference between a salary and profit when you run your own business. The net income of your business is also your savings, your down payment on a home and your retirement plan for the future. Create a Business Plan. Do not be afraid to create more than one revenue stream.

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Management Small Business Administration United States Exit Strategy 100

YoungUpstarts

JUNE 16, 2020

Business valuation is defined as a way to determine the overall economic value of a company , and is a necessary component of a sound business plan and strategy. An Earnings Based approach to valuation is predicated on the concept that a business is only as valuable as its potential to produce value in the future.

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Valuation CPA Software Review Revenue 162

Up and Running

JUNE 17, 2019

But the truth is most businesses ignore the most powerful financial tools in the accounting arsenal: the balance sheet and the cash flow statement. These three basic financial statements provide the most comprehensive view of any business. That’s why they’re considered essential components of a business plan.

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Balance Sheet Small Business Finance .Net 120

Up and Running

JUNE 5, 2014

There are several methods to determine ROI, but the most common is to divide net profit by total assets. For instance, if your net profit is $50,000, and your total assets are $200,000, your ROI would be 25 percent. Investors will also look at return on investment when choosing whether to fund a business venture.

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Small Business Oregon .Net Cost 98