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7 Scenarios Where A Business Plan Is Still An Asset

Startup Professionals Musings

Tiny bootstrapped teams usually don’t have a business plan, and probably don’t need one. They can iterate and evolve their business idea with a low burn rate and minimal dependencies. There is no substitute for knowing your customers first hand, and iterating on a minimum viable product to find the most marketable solution.

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4 Key Components Of Every New Business Financial Plan

Startup Professionals Musings

External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. Project based on your market size how many widgets you will sell in every channel. Project your cash burn rate to keep at least 18 months between venture capital or angel investments. Quantify overhead costs.

Forecast 290
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A Perspective On When A Business Plan Adds Value

Startup Professionals Musings

Tiny bootstrapped teams usually don’t have a business plan, and probably don’t need one. They can iterate and evolve their business idea with a low burn rate and minimal dependencies. There is no substitute for knowing your customers first hand, and iterating on a minimum viable product to find the most marketable solution.

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4 Simple Steps Will Get Startup Financial Projections

Startup Professionals Musings

External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. Project based on your market size how many widgets you will sell in every channel. Project your cash burn rate to keep at least 18 months between venture capital or angel investments. Quantify overhead costs.

Forecast 369
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Dragons, Bootstrapping and Women in Tech

Up and Running

Statdragon is a Saas platform that allows businesses to access and analyze metrics about their existing videos and optimize their video marketing strategy. What about bootstrapping? Nelson has some tips: Know your burn rate. ” The post Dragons, Bootstrapping and Women in Tech appeared first on Bplans Blog.

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Starting Startups - Startups and angels: Along the way to success

Tim Keane

   We worked all day building market strategies for customers while we tried to embody our expertise on software that would expand the company's reach.    A low burn rate is a pearl of great price.    It provides lots of options that high burn rates take away. 

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Five common misconceptions about building a startup in New York City

This is going to be BIG.

Content companies, for example, should be able to amass traffic and sell advertising on a bootstrapped budget before they come close to seeking equity financing—because you can, and because that’s the market expectation and that’s what your competitors are already doing. Maybe you meet a CTO who is tired of working with ad agencies.