Remove 1998 Remove Business Model Remove Design Remove Forecast
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The Lean Entrepreneur is here

Startup Lessons Learned

I started with some basic theory: that a startup is an institution designed to thrive in the soil of extreme uncertainty; that traditional management techniques rooted in forecasting and planning would not work well in the face of that uncertainty. There's even a classic Wizard of Oz minimum viable product that dates back to 1998!

Lean 167
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Recurring Revenue is Magic

Seeing Both Sides

In 1998, Yom Kippur fell on September 30th. But many years later, I began to appreciate that one of our core flaws was our business model. But the downside to our business model was that we did not have hardly any recurring revenue. . 3D printers, with their consumable resins, have a similar business model.

Revenue 54
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No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

But nine months after the first call was made in 1998, Iridium was in Chapter 11 bankruptcy. They made other assumptions about the type of sales channel, partnerships and revenue model they would need. But Iridium’s business model assumptions were fixed like it was still 1990. It was a technical tour de force.

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Cracking The Code: Death Sentence for SaaS.or for Lawson?

Cracking the Code

He should have invested in Lawson obviously… I could not track back their stock price in 1998 when NetSuite was launched, but since Jan. If that were the case, most of the Cable and Wireless companies who have been using a similar business model would have gone bankrupt a long time ago and Saleforce would not have 20% FCF margins today.

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How to Fine-tune Your Small Business Finances—from Funding to Growth [Webinar Recap]

Up and Running

It’s designed for small and mid size companies and it all started based on a focus of the employees. Our slogan is, “We heart employees,” and everything that we do is designed around usability for the employees. What I did is I learned the art of a pro forma and the value of a pro forma which basically is a forecast.