Steve Blank

SEPTEMBER 5, 2018

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.

Lean 335

Lean Burn Rate Startup IPO 335

Startup Professionals Musings

JUNE 9, 2012

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 238

Forecast Burn Rate .Net Business Model 238

Steve Blank

FEBRUARY 13, 2024

We’ll sell them the CDROM drives as well.” (The Kodak CDROM drives were the size of professional audio equipment and depending on the model, costing $600-$1000 in today’s dollars.) (And Marketing and capital expenses (new factory, high R&D expense) were predicated on consumer-scale sales. So what’s the lesson for Apple?

Search 256

Search Marketing Forecast Burn Rate 256

Up and Running

AUGUST 24, 2020

Cutting costs , revisiting forecasts , and stabilizing your business. You’re not forgetting it or avoiding the practices that have saved your business so far. For entrepreneurs looking to start a business or for established businesses looking to pivot their business model , you can use AI to build as-a-service operations.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

Startup Professionals Musings

AUGUST 27, 2014

Implement a modern real business model. Even non-profits need revenue to cover their costs, and continue to provide services. Great team members may take more time to find, and cost you stock options, but a qualified and highly motivated team that stretches your budget is a good calculated risk.

Startup 283

Startup Forecast Stock Options Technical Review 283

Startup Professionals Musings

FEBRUARY 17, 2018

Implement a modern real business model. Even non-profits need revenue to cover their costs, and continue to provide services. Great team members may take more time to find, and cost you stock options, but a qualified and highly motivated team that stretches your budget is a good calculated risk.

Forecast 161

Forecast Stock Options Technical Review Metrics 161

View from Seed

SEPTEMBER 18, 2019

The other aspect of the people roadmap is org-level team building necessary to unlock or accompany certain stages of the business. The decision around sequencing is equally (if not more) important, especially in the first 12-18 months of the business as you search for PMF and test out your initial go-to-market (GTM) strategy.

Part-Time VPE 195

Part-Time VPE Seed Stage CTO Hire Forecast 195

Up and Running

JULY 22, 2014

But whether you’re thinking of starting a business, expanding your current business, or just want to understand your current business better, there are a few key financial items that you should definitely include: Profit and loss statement. Sales forecast. and maybe some business ratios and/or a break-even analysis.

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148

Up and Running

APRIL 30, 2020

What will be the cost of letting somebody go when it includes recruiting and retaining a replacement later when the economy recovers? Simply put it’s a better method of accurately looking forward and business owners know better than mathematicians. Before I started my own business I was a market researcher, doing forecasts.

Forecast 120

Forecast Balance Sheet Burn Rate Software Review 120

Up and Running

SEPTEMBER 19, 2018

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. Remember that a business plan is a living document.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Startup Professionals Musings

MARCH 22, 2011

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 230

Forecast Burn Rate Startup .Net 230

Board Effect

JUNE 24, 2020

Just as not all corporations within the same industry have the same business model, nonprofit organizations all need to form the best business model that works for them. The right business model can help nonprofit organizations to successfully meet and resolve the challenges they face. Revenue mix.

Business Model 98

Business Model Forecast Government Programming 98

Steve Blank

APRIL 23, 2018

A version of this article appeared in the Harvard Business Review. The entrepreneur who founded and grew the largest startup in the world to $10 billion in revenue and got fired is someone you have probably never heard of. Ford’s Model T cost just $260 ($3,700 in today’s dollars) and Ford held 60% of the U.S. auto market.

Michigan 268

Michigan Cofounder Stock Forecast 268

The Startup Magazine

MARCH 29, 2024

Designing Your Business Model Crafting a business model is like building a blueprint for your venture. Revenue streams are another critical component of your business model. Revenue streams are another critical component of your business model.

Intellectual Property 130

Intellectual Property Angel Investor Business Model Bootstrapping 130

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad. Flexible VC: Revenue -based. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Startup Professionals Musings

SEPTEMBER 9, 2015

Implement a modern real business model. Even non-profits need revenue to cover their costs, and continue to provide services. Great team members may take more time to find, and cost you stock options, but a qualified and highly motivated team that stretches your budget is a good calculated risk.

Forecast 120

Forecast Startup Stock Options Technical Review 120

Steve Blank

AUGUST 23, 2010

Followers of the Customer Development process know that you can’t start selling until you have transformed product, customer and other hypotheses into a validated business model and sales roadmap. Short-circuiting that process is a major “foul” that often leads to premature business models and suboptimal sales results.).

Customer Development 235

Customer Development Developer Customer South America 235

Up and Running

MAY 15, 2018

Innovative products and business models are the foundations of a promising startup. Creating a scalable business model. Whether you are hoping to expand a small business with a loan or going for a round of venture capital, you will need a scalable business model. Sure, it should be unique.

SBA 84

SBA Angel Investor Technical Review Startup 84

Startup Professionals Musings

MAY 27, 2016

Who would have forecast that entrepreneur Gary Ross Dahl would make millions by starting a “ pet rock ” business way back in 1975? Investors look for entrepreneurs who talk about building a sustainable business, rather than highlighting the breakthrough elegance of the technology or the need for social change.

Technical Review 134

Technical Review Intellectual Property Due Diligence Angel Investor 134

Duct Tape Marketing

NOVEMBER 2, 2023

The rising importance of predictive AI-driven analytics became clear, hinting at a future where forecasts will shape decisions. That's hundred grand annual revenue. And that became about, and now is about 40% of HubSpot's revenue. Questions I ask Peter Caputa: [0:48] What exactly does Databox do? [02:06] So that's pretty new.

Metrics 75

Metrics Analytics Forecast Software Review 75

Up and Running

JUNE 25, 2020

If you’ve been struggling to grow revenue from your core business model, developing additional income streams may be necessary. This could be a new product or service offering, separate pricing models for different customers or subscriptions, and even passive income from ads and sponsorships.

Small Business 180

Small Business Hosting Social Media Community 180

Startup Professionals Musings

MARCH 25, 2010

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 151

Forecast Startup Burn Rate .Net 151

Up and Running

JULY 20, 2020

But becoming an entrepreneur needn’t mean decimating your savings or robbing a bank—instead focus on these five main strategies to start a business on a budget. You’ll likely find it incredibly easy to make a massive list of startup costs. And to do that you need to develop your business plan. Prioritize through planning.

Cost 108

Cost Small Business Startup Salary 108

Steve Blank

APRIL 8, 2010

They collected information that justified their assumptions about the problem, opportunity, market size, their solution and competitors and the their team, They rolled up a 5-year sales forecast with assumptions about their revenue model, pricing, sales, marketing, customer acquisition cost, etc. It’s static.

Business Model 328

Business Model Business Plan Customer Cap Table 328

Up and Running

NOVEMBER 12, 2018

The subscription box industry is growing rapidly thanks to a steady revenue model and tapping into people’s love for surprises. But with so many people trying to get their share of the growth, many subscription box businesses fold within a year or two. Team : Who are your coworkers and what’s their business experience?

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Steve Blank

NOVEMBER 16, 2009

In it, I got asked a question I often hear: “What if we have a web-based business that doesn’t have revenue or paying customers? And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” However the Customer Development Model and the Lean Startup work equally well for startups on the web.

Customer Development 219

Customer Development Web Developer Customer 219

Up and Running

MAY 1, 2014

Your business plan isn’t complete without a financial forecast. If your business model (i.e., “how If you are raising money to start or grow your business, you need to include the details of what you need in the executive summary. You can look at your costs and then mark up your offering from there.

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

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. The one-page pitch format is also more suitable for SaaS businesses that are constantly testing new ideas. The business model.

Software Review 74

Software Review Software Delaware Forecast 74

Up and Running

JUNE 19, 2014

Subscription services are popular because it often costs less, in the short run, to start using a service. For a fraction of the cost of buying a treadmill, I can use an entire gym. And, it’s no wonder that businesses are trying to come up with new and innovative subscription business models that they can offer to their customers.

Forecast 92

Forecast Sales Churn Rate Revenue 92

Up and Running

OCTOBER 3, 2018

Whichever type of plan you choose, remember that a business plan is a living document. Set a specific time each month to review it , comparing forecasts to actuals and revising as necessary. Assumptions change based on experience, and your business plan should change along with these assumptions. Be specific.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Up and Running

AUGUST 28, 2018

You should go into this thinking about your business plan as a living document, not something you do once and then file away forever. Revisit and update it regularly by comparing your forecasts to your actuals and adjusting as necessary. First, your business plan laid out the opportunity at hand. Be specific. Operations.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Up and Running

AUGUST 30, 2017

You want to review all the different components of your business model. This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. What is your business model? Projected costs.

Business Plan 93

Business Plan SBA Software Review Advisory Board 93

VC Cafe

AUGUST 23, 2022

Cutting costs is one of the quickest ways to do that. A quarter of all revenue was earned by the top 1,000 accounts. With the rise in the cost of living, people tends to spend less on other stuff. According to research firm Ampere Analysis, Global video game sales are forecast to contract 1.2% Source: The Information.

Social Media 217

Social Media Revenue Video Distribution 217

Board Effect

DECEMBER 23, 2022

Selecting the right workforce planning model can help solve these problems for many nonprofits as it is not cost-effective to have employees standing idle during a shift, and employees who feel overworked may lose their enthusiasm for the job. Crafting the Right Workforce Planning Model. Increase Flexibility.

Software Review 52

Software Review Technical Review Retention Employee 52

YoungUpstarts

FEBRUARY 14, 2017

Your revenues are declining or you don’t have any revenue at all! Revenues don’t appear overnight; even the greatest success stories had to work hard to start getting traction and growth. Yet if revenues start to decline, or after a few months customers are still leaving you for other solutions, then you may have an issue.

Technical Review 157

Technical Review Architecture Revenue Channel 157

David Teten

AUGUST 6, 2015

Michael also observes, “One other comment I think would be worth mentioning, even though it seems ridiculously obvious, is the importance of speaking with model users about what is and isn’t important to them when analyzing a model….So 10) Create an area for assumptions and main drivers at the beginning (top or left) of the model.

Balance Sheet 60

Balance Sheet Software Review Forecast Acquisition 60

Up and Running

MAY 28, 2015

We’re looking at our lean business planning is about strategy, tactics, concrete specifics including milestones, metrics, tasks and schedule, and essential numbers to run a business, all of which lead to managing cash flow. That’s the sales forecast, the spending forecast and the cash flow.

Lean 60

Lean Business Plan Video Software Review 60