article thumbnail

10 Quotes You Should Never Use Around A Business Plan

Startup Professionals Musings

Others will work hard on a business plan, and then mail it indiscriminately to every potential investor they can find on the Internet. Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.”

article thumbnail

How to Build a Successful Subscription Business Model

Up and Running

Gartner predicted that “By 2020, all new entrants and 80% of historical vendors will offer subscription-based business models.” For the information and technology industry, subscription models are now a core business model. Why implement a subscription service? Connect with your target audience.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Write a Business Plan for a Cannabis Company

Up and Running

Write your business plan and develop your business model with this in mind so you can avoid these issues. . You can choose from a few different types of business plans depending on your needs. If you’re seeking investment, you need a traditional business plan. Executive summary. Be specific.

article thumbnail

The 47th (-46) International Business Model Competition

Steve Blank

The most visible step was the first International Business Model Competition , hosted by the BYU Rollins Center for Entrepreneurship and Technology. Therefore the very foundations of teaching entrepreneurship should start with how to search for a business model. Business Model Versus Business Plan.

article thumbnail

5 Key Points Of Focus For Every Scalable New Venture

Startup Professionals Musings

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Neither breakthrough technology nor maximum features will assure that “if we build it, they will come.” Nail the business model.

article thumbnail

27 Entrepreneurs Explain How Technology Will Affect Their Business Tomorrow

Hearpreneur

It’s becoming increasingly important for every business to have at least basic technology to run daily operations in the current day society. With new technology emerging, we can only imagine the changes it will bring along to the business platform. Thanks to Andy Flynn, SpryLyfe ! #3- Thanks to James Angel, DYL ! #5-

article thumbnail

9 Business Model Components For New Business Funding

Startup Professionals Musings

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008.