Steve Blank
SEPTEMBER 5, 2018
It’s the antithesis of the Lean Startup. These bubble startups were actually guessing at their business model and did premature and aggressive hype and early company launches and had extremely high burn rates – all predicated on an IPO to raise more cash. The Rise of the Lean Startup. And it may work.
Steve Blank
SEPTEMBER 3, 2014
As the farm fields flew by on the interstate I listened as Dave described how he translated his vision into a series of hypotheses and mapped them onto a business model canvas. As the miles sped by I explained to Dave that he had understood only two of the three parts of what makes a Lean Startup successful. Customer Discovery.
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Steve Blank
FEBRUARY 25, 2010
Customer Development is a technique startups use to quickly iterate and test each part of their business model. How you execute Customer Development varies, depending on your type of business. In my book, “ The Four Steps to the Epiphany ” I use enterprise software as the business model example.
YoungUpstarts
MAY 12, 2020
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.
Up and Running
APRIL 27, 2020
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. You’re actively developing and growing a business when consumers are less likely to engage in frivolous spending habits.
Up and Running
APRIL 30, 2020
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. Good planning is a process, not just one static plan.
Startup Professionals Musings
DECEMBER 15, 2014
At least wait until later, when you ready to scale, and have some “leverage” based on a proven business model, some real customers, and real revenue. Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier.
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