article thumbnail

4 Startup Funding Challenges and How to Overcome Them

Up and Running

Innovative products and business models are the foundations of a promising startup. Creating a scalable business model. Whether you are hoping to expand a small business with a loan or going for a round of venture capital, you will need a scalable business model. Determining how much money to ask for.

SBA 84
article thumbnail

From Idea To Execution: Building An Efficient Workflow For Your New Venture

The Startup Magazine

Designing Your Business Model Crafting a business model is like building a blueprint for your venture. Revenue streams are another critical component of your business model. Will you opt for direct sales, subscriptions, or a freemium model? However, do so with caution and strategic planning.

Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Reasons Having a Business Plan Is Important for Small Businesses

Up and Running

If you’re asking a bank, angel investor, or venture capitalist for funding, they’re going to want to know that you have a good handle on your small business’s trajectory. . Your business plan should make it simple for potential partners and supporters of all kinds to understand your business model and financials.

article thumbnail

8 Reasons Having a Business Plan Is Important for Small Businesses

Up and Running

If you’re asking a bank, angel investor, or venture capitalist for funding, they’re going to want to know that you have a good handle on your small business’s trajectory. . Your business plan should make it simple for potential partners and supporters of all kinds to understand your business model and financials.

article thumbnail

7 Team Attributes That Can Make Any Idea Come Alive

Startup Professionals Musings

There is an old saying in the startup investor community, “Smart investors invest in the team, not the idea.” As an angel investor, I’ve learned to believe in this approach, since I have seen great ideas go astray, due to poor execution and I have seen apparently marginal ideas make millions, managed by a savvy entrepreneur.

article thumbnail

8 Things You Need To Start a Business During a Recession

Up and Running

There’s a great amount of uncertainty, people losing their jobs, and a direct hit on cash flows that can place businesses in dire straights. Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway.

article thumbnail

How to Get the Most Out of a Sample Business Plan

Up and Running

A sample business plan gives you an idea of how another small business or startup in your industry built their own plan. A good business plan example will have all the elements your bank or angel investor (or venture capitalist) will expect to see when you ask them for funds.