Steve Blank

SEPTEMBER 22, 2011

As part of our Lean LaunchPad classes at Stanford, Berkeley, Columbia and for the National Science Foundation, students build a startup in 8 weeks using Business Model Design + Customer Development. Read Business Model Generation pages 1-72, and The Four Steps to the Epiphany Chapter 3. Size the market opportunity.

Lean 333

Lean Web Coder Business Model 333

SoCal CTO

OCTOBER 6, 2011

His basic point was: If someone, including me, tells you something isn’t a great idea and there’s no market for it there are only two acceptable responses. The other was a consumer play with possible viral growth. Would the consumer one get traction and be viral? Beware of Mentors. It was a top post on StartupRoar on Tuesday.

Customer 227

Customer Fractional CTO Viral Lean 227

Startup Professionals Musings

MARCH 5, 2021

This occurs when a new product, service, or business model renders the old way of doing business obsolete. It used to happen only a few times per century, but now I see disruptive innovation highlighted in almost every business plan I read. Customers and employees are the new stakeholders for every business.

Marketing 339

Marketing Startup Global Viral 339

YoungUpstarts

JANUARY 15, 2019

by Joseph Brady, Senior Director of Digital Marketing for Reliant Funding. Starting a business, growing it and sustaining in the market are the three chapters of a small business story. Building a business needs strong strategy and value proposition. A sustainable business plan is one that is flexible.

Small Business 196

Small Business Software Review Technical Review Viral 196

Startup Professionals Musings

AUGUST 4, 2013

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model?

Business Model 235

Business Model Product Advisory Board Angel Investor 235

Startup Professionals Musings

JUNE 30, 2012

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model?

Business Model 248

Business Model Advisory Board Entrepreneur Angel Investor 248

Startup Professionals Musings

MAY 14, 2012

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, and giving away the product. Target market. Production.

Business Model 242

Business Model Distribution Viral Green 242

Startup Professionals Musings

JANUARY 29, 2011

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, and giving away the product. Target market. Production.

Business Model 246

Business Model Distribution Viral Green 246

Startup Professionals Musings

MARCH 25, 2023

Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. Revenue growth (top line) then had to be converted into profit growth (bottom line), before a business was deemed to be self-sustaining and worthy of public investment. Both have worked.

Valuation 235

Valuation Revenue Viral Retention 235

Startup Professionals Musings

APRIL 15, 2011

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model?

Business Model 234

Business Model Advisory Board Startup Angel Investor 234

Startup Professionals Musings

APRIL 3, 2016

In that spirit, I offer my perspective on ten common startup failure sources that rarely get admitted by entrepreneurs: Choose to skip the written business plan. A business plan is for you first, not investors. Viral marketing costs real money, and your support staff and hosting systems cost even more.

Intellectual Property 120

Intellectual Property Startup Angel Investor Viral 120

Startup Professionals Musings

JUNE 21, 2020

Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. Revenue growth (top line) then had to be converted into profit growth (bottom line), before a business was deemed to be self-sustaining and worthy of public investment. Both have worked.

Revenue 434

Revenue Valuation Viral Retention 434

The Next Web

DECEMBER 4, 2013

As a startup, you’re working with limited resources and a lean business model. With an innovative product in the consumer payment space, the company had viral-ready content. An advance purchase garners a 50 percent discount off the planned price of $100, encouraging investment long in advance of the summer 2014 launch date.

Social Media 158

Social Media Media Viral Startup 158

Startup Professionals Musings

APRIL 7, 2023

They are willing to cover marketing, inventory and scaling, but not product development. An example might be 50 percent for marketing, 30 percent for inventory and 20 percent for staffing. These days, even viral marketing requires real money, for events and promotions. Make your focus and priorities clear.

Elevator Pitch 228

Elevator Pitch Salary Angel Investor Viral 228

Startup Professionals Musings

APRIL 1, 2015

In that spirit, I offer my perspective on ten common startup failure sources that rarely get admitted by entrepreneurs: Choose to skip the written business plan. A business plan is for you first, not investors. Viral marketing costs real money, and your support staff and hosting systems cost even more.

Intellectual Property 120

Intellectual Property Angel Investor Viral Distribution 120

Startup Professionals Musings

APRIL 9, 2012

Modern investors love to first read a two-page summary of your business plan, formatted like a glossy marketing collateral sheet, with text well laid out in columns and sidebars, and a couple of relevant graphics. Market size and growth opportunity. Investors are looking for a large and growing market.

Business Plan 244

Business Plan Elevator Pitch Viral Lead Generation 244

The Startup Magazine

JUNE 6, 2021

To start, you really need to get some advice on the best business launch steps. Essentially, starting a business involves: Acquiring knowledge in unfamiliar fields; Doing marketing research; Gathering data to make financial and business decisions; A huge amount of planning. Choose the Right Business Model.

Social Media 173

Social Media Audience Affiliate Startup 173

Startup Professionals Musings

JULY 12, 2020

They are willing to cover marketing, inventory and scaling, but not product development. An example might be 50 percent for marketing, 30 percent for inventory and 20 percent for staffing. These days, even viral marketing requires real money, for events and promotions. Make your focus and priorities clear.

Elevator Pitch 336

Elevator Pitch Salary Angel Investor Viral 336

Startup Lessons Learned

DECEMBER 14, 2009

Lessons Learned by Eric Ries Monday, December 14, 2009 Business ecology and the four customer currencies Lately, I’ve been rethinking the concept of “business model&# for startups, in favor of something I call “business ecology.&# Constructing a working business model is a form of ecosystem design.

Customer 156

Customer San Francisco Viral Lean 156

Startup Professionals Musings

APRIL 5, 2010

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model?

Business Model 120

Business Model Advisory Board Angel Investor Channel 120

www.forentrepreneurs.com

FEBRUARY 2, 2010

Blog About Log in Register Startup Killer: the Cost of Customer Acquisition In the many thousands of articles advising entrepreneurs on what they have to focus on to build successful startups, much has been written about three key factors: team, product and market, with particular focus on the importance of product/market fit.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

Startup Professionals Musings

JANUARY 5, 2018

The reality is that successful businesses these days require an equally elegant business model, with the right marketing, delivery channel, price, and target customers, to get real traction. In the investment community, this work is called proving the business model.

Product 137

Product Advisory Board Business Model Cofounder 137

Both Sides of the Table

OCTOBER 19, 2009

There was no viral social networking products back then like Twitter where people could easily discover your content. We have also been very busy with our next release, which is due out by December 11th (but I’ll save that for a different post). Page 1: Market Size. $3 Consumer approach to software for business users.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Startup Professionals Musings

NOVEMBER 11, 2013

Don’t believe the old urban legend that a business plan isn’t worth the effort. The discipline of writing down a plan is the best way to make sure you actually understand how to transform your idea into a business. Business model doesn’t make money. Not every good idea is a good business.

Intellectual Property 251

Intellectual Property Startup Viral Early Stage 251

Steve Blank

DECEMBER 7, 2010

Business schools teach aspiring executives a variety of courses around the execution of known business models, (accounting, organizational behavior, managerial skills, marketing, operations, etc.). In contrast, startups search for a business model. (Or to optimize this search. to optimize this search.

Wiki 311

Wiki Lean Management Business Model 311

Hearpreneur

JANUARY 5, 2022

Ambassadors will be given the tools they need to market our product as well as a prize for consumers will like. Specifically, I plan on putting out one study per quarter that I'll send out to reporters and hopefully get viral coverage on social media. Our business merges well with the storytelling. 5- Go green.

Entrepreneur 107

Entrepreneur Affiliate Green Cloud 107

YoungUpstarts

MARCH 11, 2019

What can you learn from their business model, marketing strategies or overall mistakes? How did the Dollar Shave Club go from a viral video to a billion dollar brand? Create a Business Plan. To help make your entrepreneurial dreams a reality, you definitely need a business plan. ” rumors?

Viral 113

Viral eCommerce Business Plan Matching 113

The Next Web

AUGUST 26, 2012

Obviously when you have found the traction you are looking for within a specific customer segment or market you can either deepen or broaden the offering. The metrics that matter the most are returning customers (user retention), turnover per customer and viral growth (k-factor). Listen to the right data. Develop a strong backbone.

Bankruptcy 121

Bankruptcy Technical Review Intellectual Property Due Diligence 121

Startup Professionals Musings

OCTOBER 2, 2012

Yet, new technology can quickly blindside you, and market dynamics change, plus you need to broaden your opportunity. Implement a new business model. Software as a service (SaaS) has now pretty much replaced the old licensing model, but offering it was a strategic risk for SalesForce.com. Plan to spend money on marketing.

Forecast 257

Forecast Viral Social Network Business Model 257

Startup Professionals Musings

OCTOBER 1, 2012

Don’t believe the old urban legend that a business plan isn’t worth the effort. The discipline of writing down a plan is the best way to make sure you actually understand how to transform your idea into a business. Business model doesn’t make money. Not every good idea is a good business.

Intellectual Property 274

Intellectual Property Entrepreneur Viral Early Stage 274

Startup Professionals Musings

MAY 31, 2014

They are willing to cover marketing, inventory and scaling, but not product development. An example might be 50 percent for marketing, 30 percent for inventory and 20 percent for staffing. These days, even viral marketing requires real money, for events and promotions. Make your focus and priorities clear.

Elevator Pitch 285

Elevator Pitch Salary Angel Investor Viral 285

Startup Professionals Musings

AUGUST 5, 2018

They are willing to cover marketing, inventory and scaling, but not product development. An example might be 50 percent for marketing, 30 percent for inventory and 20 percent for staffing. These days, even viral marketing requires real money, for events and promotions. Make your focus and priorities clear.

Elevator Pitch 139

Elevator Pitch Salary Angel Investor Viral 139

Startup Professionals Musings

AUGUST 10, 2014

Both have worked.Google reached $1 billion in revenue within five years of incorporation, and now has a market capitalization of over $400 billion. Revenue growth (top line) then had to be converted into profit growth (bottom line), before a business was deemed to be self-sustaining and worthy of public investment.

Revenue 246

Revenue Entrepreneur Valuation Viral 246

Startup Professionals Musings

DECEMBER 3, 2013

This occurs when a new product, service, or business model renders the old way of doing business obsolete. It used to happen only a few times per century, but now I see disruptive innovation highlighted in almost every business plan I read. Customers and employees are the new stakeholders for every business.

Entrepreneur 257

Entrepreneur Global Viral Green 257

Startup Professionals Musings

JUNE 26, 2016

Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $400B. Revenue growth (top line) then had to be converted into profit growth (bottom line), before a business was deemed to be self-sustaining and worthy of public investment. The business plan must reflect both growth phases.

Revenue 145

Revenue Valuation Startup Viral 145

Startup Professionals Musings

JULY 29, 2011

Yet, new technology can quickly blindside you, and market dynamics change, plus you need to broaden your opportunity. Implement a new business model. Software as a service (SaaS) has now pretty much replaced the old licensing model, but offering it was a strategic risk for SalesForce.com. Plan to spend money on marketing.

Founder 245

Founder Forecast Startup Viral 245

Up and Running

MAY 23, 2016

Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. It’s the fastest way to get your idea onto paper, and it’s the very first step in the lean planning process, which is much easier and more iterative than traditional business planning methods.

Software Review 74

Software Review Software Delaware Forecast 74