Up and Running

MAY 28, 2015

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. It’s all about making your business life easier, doing what works best, getting the best results by tracking what works and always improving.

Lean 60

Lean Business Plan Video Software Review 60

Steve Blank

AUGUST 29, 2011

Max and his team built a website called the Startup Genome Compass (their benchmarking web site) that allows an Internet startup to evaluate their business performance. The Startup Genome Compass uses a hybrid “Stage and Type&# model that describes how startups progress through their business development lifecycle.

Software Review 292

Software Review Early Stage Technical Review Startup 292

Steve Blank

MARCH 8, 2011

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. We were positing that 20 years of teaching “how to write a business plan” might be obsolete. – not just web-based startups.

Lean 298

Lean Business Model Customer Development Guinea 298

Startup Professionals Musings

MARCH 25, 2023

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

Valuation 235

Valuation Revenue Viral Retention 235

Startup Professionals Musings

AUGUST 10, 2014

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Both have worked.Google reached $1 billion in revenue within five years of incorporation, and now has a market capitalization of over $400 billion. A business only achieved critical mass by becoming cash-flow positive.

Revenue 246

Revenue Entrepreneur Valuation Viral 246

Up and Running

MAY 10, 2021

Today, everything is connected to the web that creates data to be utilized and exploited using IoT-powered mobile apps. Your app may cost you money, but the revenue it generates may justify the budget. What has your revenue been for the last 1-3 years? Trillion by 2025. In short, we are living in a digital age. Mobile wallets.

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

Up and Running

AUGUST 24, 2020

Here are just a few things you can do by leveraging data analytics: Gain a better understanding of changing customer preferences Discover new business opportunities Identify and eliminate bottlenecks in your operations Minimize and better allocate advertising costs Provide greater customer support through automated chat.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

Startup Professionals Musings

NOVEMBER 4, 2011

If the founders are not experienced, find a couple of advisors from the business sector to fill the gap. In today’s world, if you don’t have a web site up and running, you will not be perceived as a real company. They must amplify your “elevator pitch” to investors, as well as key points from the business plan and the financial model.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Steve Blank

APRIL 4, 2011

This week they were testing who the customer, user, payer for the product will be (and discovering if they have a multi-sided business model , one with both buyers and sellers.) cold calls, in-person interviews, and a web survey. (We The Business Model Canvas is a great way to diagram it out. outside of Stanford.

Customer 234

Customer Business Model Nebraska Cloud 234

Steve Blank

OCTOBER 25, 2010

LAMP ) emerged for building web servers. It’s the combination of Business Model Design and Customer Development. Business Model Design. Alexander Osterwalder and Yves Pigneur defined a business model as how an organization creates, delivers, and captures value. Business Model Canvas.

Customer Development 329

Customer Development Business Model Developer Customer 329

Startup Professionals Musings

JUNE 26, 2016

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $400B. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

Revenue 145

Revenue Valuation Startup Viral 145

Steve Blank

MAY 9, 2017

For products that are simply “bits” delivered over the web, a first product can be shipped in weeks rather than years. Continuous innovation requires the imagination and courage to challenge the initial hypotheses of your current business model (channel, cost, customers, products, supply chain, etc.) The founders.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

Startup Professionals Musings

MARCH 12, 2012

One of the biggest red flags I see in many Internet-related business plans today is advertising as the initial revenue stream, or a key part of it. Until you get a million page-views per month, your revenue will be negligible, and advertisers won’t be interested in your site. This is a tough business. Face reality.

Revenue 266

Revenue PPC Advertising CPA 266

Up and Running

DECEMBER 6, 2012

Today, I want to introduce you to a new concept for starting and growing successful companies: Lean Planning™. It starts with “Plan-As-You-Go” instead of detailed, formal business plans. Build an action plan: How are you going to validate your assumptions and measure progress? Do startups have a manual?

Lean 147

Lean Silicon Valley Forecast Technical Review 147

Startup Professionals Musings

SEPTEMBER 23, 2010

If the founders are not experienced, find a couple of advisors from the business sector to fill the gap. In today’s world, if you don’t have a web site up and running, you will not be perceived as a real company. They must amplify your “elevator pitch” to investors, as well as key points from the business plan and the financial model.

Angel Investor 224

Angel Investor Intellectual Property Technical Review Elevator Pitch 224

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. You may have already found several articles, web pages, or books about writing the perfect executive summary.

Business Plan 244

Business Plan Elevator Pitch Viral Lead Generation 244

Steve Blank

APRIL 28, 2011

Teams are iterating and pivoting right and left, one team threw their entire business model out the window and did a complete restart, and another team was having a meltdown over personalities. This week they were testing their hypotheses about Revenue Models: what are customers really willing to pay for?

Revenue 213

Revenue West Virginia Oklahoma Oklahoma City 213

The Startup Magazine

JUNE 6, 2021

Choose the Right Business Model. Once you’ve come up with a sound idea of what type of business is the best for your needs, it’s time to follow the best business launch steps and start planning how to fit it in your business niche. You have your idea all worked up and your business model all set up.

Social Media 173

Social Media Audience Affiliate Startup 173

Steve Blank

OCTOBER 31, 2014

There’s nothing wrong with a business that supports you and perhaps an extended family. But if you want to build a scalable startup you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year. With 317 million people the U.S.

Global 335

Global Australia Silicon Valley China 335

crowdSPRING Blog

NOVEMBER 30, 2012

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Start With a Business Model, Not a Business Plan | WSJ – [link]. Why We’re Pivoting from Mobile-first to Web-first – [link].

Social Media 100

Social Media Small Business Central African Republic Design 100

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

Steve Blank

NOVEMBER 18, 2010

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

Burn Rate Management Business Model Customer Development 247

Startup Professionals Musings

APRIL 17, 2019

MySpace, for example, launched in 2003 and boomed for five years without a revenue model. When their deep pockets went empty, Facebook stepped in, but demanded revenue from ads. Build a business plan for profitability in your lifetime. Even Snapchat is now trying hard to generate revenue.

Widget 185

Widget Angel Investor Revenue Early Stage 185

VC Cafe

FEBRUARY 9, 2011

By definition, a Pivot, is a change in the company’s strategy or business model when things aren’t exactly working out according to the business plan. The goal, is to find a scalable and repeatable business model (in other words, a way to consistently make money over the course of time).

Business Model 96

Business Model API Startup Social Network 96

www.forentrepreneurs.com

FEBRUARY 2, 2010

Business Model I would like to propose that in addition to team, product, and market, there is actually a fourth, equally important, core element of startups, which is the need for a viable business model. However there is a lot of value in looking at these same metrics for all other businesses.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

Steve Blank

FEBRUARY 27, 2012

As we walked up the valley Satish kept up a running dialog catching me up on six years of family, classmates and how he started his consumer web company. Then I asked, “Satish, what’s your business model? What’s your business model? Business model? And this is the step he had missed.

Customer 325

Customer Business Model Customer Development Startup 325

Both Sides of the Table

DECEMBER 17, 2009

That might even mean a totally different business or it might just be a totally different business model. They went away and made progress in their business. We’ve proven that through innovation and experimentation we can do significantly more revenue than we’re getting through Google AdSense.

Entrepreneur 291

Entrepreneur Term Sheet Early Stage Affiliate 291

The Next Web

SEPTEMBER 22, 2013

While you are working away on your business plan, looking for ways to raise capital, finding the right people to hire, etc., I think we erred in letting our traffic and operational concerns outstrip our business model, where simply maintaining what we had was preventing us from advancing our product.”.

Cofounder 164

Cofounder Founder Startup Bootstrapping 164

Startup Professionals Musings

JANUARY 6, 2011

One of the biggest red flags I see in many Internet-related business plans today is advertising as the initial revenue stream, or a key part of it. Until you get a million page-views per month, your revenue will be negligible, and advertisers won’t be interested in your site. This is a tough business. Face reality.

Advertising 225

Advertising CPA Startup PPC 225

Up and Running

MAY 23, 2016

In fact, SaaS industry revenue is projected to grow from $49 billion in 2015 to $67 billion in 2018, a compound annual growth rate of approximately eight percent. Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. The business model.

Software Review 74

Software Review Software Delaware Forecast 74

Startup Professionals Musings

DECEMBER 13, 2013

Myspace, for example, launched in 2003 and boomed for five years without a revenue model. When their deep pockets went empty, Google stepped in, but demanded revenue from ads. Build a business plan for profitability in your lifetime. Even Twitter is now trying hard to generate revenue. So let’s take a look.

Widget 242

Widget Angel Investor Revenue Early Stage 242

Startup Professionals Musings

APRIL 15, 2017

MySpace, for example, launched in 2003 and boomed for five years without a revenue model. When their deep pockets went empty, Facebook stepped in, but demanded revenue from ads. Build a business plan for profitability in your lifetime. Even Snapchat is now trying hard to generate revenue.

Widget 137

Widget Angel Investor Revenue Early Stage 137

Startup Professionals Musings

DECEMBER 24, 2012

If the founders are not experienced, find a couple of advisors from the business sector to fill the gap. In today’s world, if you don’t have a web site up and running, you will not be perceived as a real company. They must amplify your “elevator pitch” to investors, as well as key points from the business plan and the financial model.

Angel Investor 260

Angel Investor Intellectual Property Elevator Pitch Angel Groups 260

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

JANUARY 12, 2013

See how many you have personally experienced already, or are currently mentioned in your business plan: Crowd-sourcing equity. For startup new product development, this is a strategy used for fast and quantitative market testing of a product or product feature, popularized first by Eric Ries for web applications. Gamification.

Entrepreneur 274

Entrepreneur Accredited Investor Silicon Valley Angel Investor 274

Steve Blank

MAY 3, 2011

Last week the teams tested their Revenue Models hypotheses: what are customers willing to pay for? After a week of hectic customer discovery , the team further refined their new business model. Of real interest was their evolving view of their revenue model. Where is the best place for your business?

South Dakota 217

South Dakota Business Model Lean United States 217

Steve Blank

MARCH 18, 2011

VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter. The Business Plan (Concept- Alpha-Beta - FCS ) became the playbook for startups. 1970 – 1995: The Golden Age. They taught you about customers, markets and profits.

Internet 334

Internet IPO Silicon Valley Agile 334