article thumbnail

5 Types Of Business Strategies To Consider Before Opening Up Shop

YoungUpstarts

Different ways of working are better suited to different industries and business sizes, so it’s crucial to consider these sorts of things before you begin hiring or go to market. One of the major benefits of using a SOM approach is that product development costs are drastically decreased and technical risk is also reduced.

SCRUM 131
article thumbnail

Why Companies and Government Do “Innovation Theater” Instead of Actual Innovation

Steve Blank

HR processes, legal processes, financial processes, acquisition and contracting processes, security processes, product development and management processes, and types of organizational forms etc. In government agencies process versus product has gone further. Instead, most organizations look to create even more process.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sell Your Startup with a Mergers and Acquisitions Advisor

The Startup Magazine

There are many benefits of selling your startup through a mergers and acquisitions advisor. When selling your startup with a mergers and acquisitions advisor, it’s essential to identify the key employees who have made the most valuable contributions to the business. Hiring a Mergers and Acquisitions advisor.

Merger 121
article thumbnail

Why More Funding Won’t Magically Fix Your Startup

Mucker Lab

These lost startups land higher valuations, have larger teams, outsource more product development and spend more money on customer acquisition than their peers. Before you indulge in marketing, sales and blinged-out offices, find product-market fit. Hire the wrong people. Be trigger shy about hiring.

Startup 78
article thumbnail

Four Major Startup Stages That You Should Know About

YoungUpstarts

Product development. Now that you have a refined product idea and a team that can turn this idea into reality, the product development stage will start. Initial product development usually consists of prototyping and MVP. Prototyping usually means the initial working draft of the product idea.

Startup 101
article thumbnail

The Customer Development Manifesto: Reasons for the Revolution.

Steve Blank

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. So what’s wrong the product development model?

article thumbnail

Smooth-Stone Changes Name to Calxeda; Adds Hires

Austin Startup

Exactly three months after its $48 Million funding announcement, Smooth-Stone today detailed its company momentum, including significant new executive hires, new office space and renaming the company. The new name, Calxeda , pronounced “Cal-zeh-dah,” is a derivative of the Latin for “Smooth-Stone.” Naval Nuclear Power Program.

Naming 59