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6 Keys To A Winning Business Model For Your Customers

Startup Professionals Musings

How do you convince investors that your business model will really work, before you have a revenue stream that exceeds your expenses? Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question. Word of mouth is not adequate for marketing and sales.

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8 Tasks To Prepare You For Starting Your Own Business

Startup Professionals Musings

Based on my own experience as a mentor and angel investor, I find that as many as ninety percent of startups fail in the first five years, despite their best efforts. By far, the majority of new businesses I know are self-funding (bootstrapped) from your own savings and prior assets.

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How Many Entrepreneurs Really Need a Business Plan?

Startup Professionals Musings

Let’s look at some common scenarios, and put this into perspective for entrepreneurs: You don’t need or want investors or a loan. With bootstrapping, no business plan is expected by anyone. You have built a successful startup, and plan to use the same investors. You need an investor, and want a document to mass-mail to everyone.

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Don’t Let Investors Conclude Your Startup Is A Hobby

Gust

Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. Unless you are bootstrapping everything, you need to have a clear plan on what networking and documents are required to get to friends and family, Angel investors, and institutional investors.

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6 Ways To Test Your New Venture Sustainability Early

Startup Professionals Musings

How do you convince investors that your business model will really work, before you have a revenue stream that exceeds your expenses? Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question. Word of mouth is not adequate for marketing and sales.

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14 Tips for Starting a Successful Business

Up and Running

While you may be enamored with becoming an entrepreneur and bootstrapping your business, don’t quit your day job. Most entrepreneurs are not looking to launch a startup, pitch to angel investors or financial institutions, and land multiple rounds of capital. There’s actually a lot of value in bootstrapping your business.

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Pricing Customer Acquisition Sunk Costs and More - Ten Recent Great Startup Posts

SoCal CTO

Startup Killer: the Cost of Customer Acquisition | For Entrepreneurs , February 2, 2010 Looks at the critical equation around customer acquisition cost vs. customer lifetime value similar to what I discussed in Startup Metrics but in more depth. They now have a cool new way to get intros to these angels: StartupList. Great stuff.