Remove Burn Rate Remove Business Model Remove Business Plan Remove Revenue
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Is the Lean Startup Dead?

Steve Blank

Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. Then one day it was over.

Lean 335
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7 Tips To Keep Your Business Afloat During COVID-19

YoungUpstarts

Whether or not the pandemic ends within a month or a year, small business owners need to be ready to buckle down, reassess, and even make changes to their business strategy in order to weather the storm (and beyond). Here are seven best pieces of advice for anyone running their own business right now.

Burn Rate 264
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Turn What-if to What-Now: The Importance of Scenario Analysis

Up and Running

Each scenario combines the key numbers in the hypothetical case and explores the impact on the bottom line, and helps you define your cash burn rate and runway. Simply put it’s a better method of accurately looking forward and business owners know better than mathematicians. Building scenarios using a business planning tool.

Forecast 120
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Crisis Management by Firing Executives – There’s A Better Way

Steve Blank

For decades startups were managed by pretending the company would follow a predictable path (revenue plan, scale, etc.) The Revenue Plan – The Third Fatal Assumption. Notice that the traditional product introduction model leads to a product launch and the execution of a revenue plan. Albert Einstein.

Burn Rate 247
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Adding Slides Does Not Enhance Your Investor Pitch

Startup Professionals Musings

Remember the goal is an overview presentation that will pique investor interest enough to ask for the business plan and a follow-on meeting, not close the deal on the spot. Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors. Business model.

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Limit an Investor Pitch to 10 Pages and 10 Minutes

Startup Professionals Musings

Remember the goal is an overview presentation that will pique investor interest enough to ask for the business plan and a follow-on meeting, not close the deal on the spot. Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors. Business model.

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10 Incentives For Entrepreneurs To Bootstrap Their Startup

Startup Professionals Musings

Entrepreneurs who plan to complete a business plan the first month, find an investor the second, and roll out a product the third month are just kidding themselves. Count on several months of effort and costly assistance to court investors, with less than a 10% success rate.