Growthink Blog

DECEMBER 27, 2017

Carefully describe their strengths and weaknesses, as well as the key drivers of competitive differentiation in the marketplace. In describing the competitive landscape, show how your business model creates competitive advantages, and – more importantly – defensible barriers to entry. market research). Define your partnerships.

Venture Capital 129

Venture Capital Business Plan Technical Review Private Placement 129

Gust

NOVEMBER 14, 2011

For no good reason, this process seems shrouded in mystery, when in fact it is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. Remember that up to this point, the investor has primarily seen and talked to the founder and CEO, and studied written documents.

Technical Review 152

Technical Review Due Diligence Intellectual Property Private Equity 152

Startup Professionals Musings

AUGUST 12, 2019

We certainly want to hear about any positive feedback you have from potential customers on your idea, your prototype, and your business model, but that better not be the end of the story. We want to see a documented business plan that clearly addresses this challenge. Reducing margins to lower prices won’t help your case.

Intellectual Property 215

Intellectual Property Agile Differentiation Government 215

Steve Blank

MARCH 5, 2012

One of the confusing things to entrepreneurs, investors and educators is the relationship between customer development and business model design and business planning and execution. When does a new venture focus on customer development and business models ? Here’s an attempt to put this all in context.

Search 320

Search Business Model Customer Development Agile 320

Startup Professionals Musings

SEPTEMBER 21, 2018

Another advantage of online investor and equity crowdfunding platforms is that they will force you to pull together your story and documentation in a more consistent and complete fashion than you might otherwise bother. Most solo entrepreneurs can’t show the range of experience or skills to build a winning business alone.

Equity 236

Equity Intellectual Property Elevator Pitch Social Media 236

Up and Running

MAY 30, 2022

One of the most important things you can do to increase your chances of success is to have a business plan. A foundational document that is essential for any company, no matter the size or age. A business plan isn’t just a document you put together once when starting your business. What is a business plan?

Business Plan 150

Business Plan Balance Sheet Revenue Metrics 150

Startup Professionals Musings

AUGUST 31, 2014

In this variation on the free model, used by LinkedIn and many other Internet offerings, the basic services are free, but premium services are available for an additional fee. This also requires a huge investment to get to critical mass, and real work to differentiate and sell premium services to convert users to paying customers.

Revenue 287

Revenue Startup Business Model Retention 287

Start Up Blog

APRIL 11, 2019

Gigs with Benefits: The gig economy will evolve from its current exploitative business model. Public and Private Transport Morph: The two forms of transport will continue its trajectory to differentiate from each other. As technology removes the friction of employment, we’ll all become modern day digital craftspeople.

Software Review 91

Software Review Technical Review Artificial Inteligence Non-Compete 91

Startup Professionals Musings

MAY 23, 2013

In this variation on the free model, used by LinkedIn and many other Internet offerings, the basic services are free, but premium services are available for an additional fee. This also requires a huge investment to get to critical mass, and real work to differentiate and sell premium services to “convert” users to paying customers.

Product 290

Product Revenue Business Model Retention 290

Startup Professionals Musings

AUGUST 20, 2012

A business plan is a detailed description of your business, with a bit of product description thrown in near the front. A simple differentiation is that a product plan is designed for internal use, to get the product out. Concurrently, or later, it’s necessary to build a separate business plan. Don’t get me wrong.

Product 230

Product Business Plan Differentiation Business Model 230

Steve Blank

JANUARY 6, 2014

But businesses are finding that Continuous Deployment not only changes engineering but has ripple effects on the rest of its business model. Marketing delivers a “requirements” document to engineering. Cloud based products has offered companies an opportunity to rethink how new business models would work.

Continuous Deployment 329

Continuous Deployment Customer Agile Cloud 329

Startup Professionals Musings

DECEMBER 1, 2017

In this variation on the free model, used by LinkedIn and many other online and app offerings, the basic function is free, but premium services are only available for an additional fee. This also requires a base critical mass, and real work to differentiate and convert users to paying customers.

Revenue 166

Revenue Affiliate Advertising Retention 166

Startup Professionals Musings

MAY 29, 2011

A business plan is a detailed description of your business, with a bit of product description thrown in near the front. A simple differentiation is that a product plan is designed for internal use, to get the product out. Concurrently, or later, it’s necessary to build a separate business plan. Don’t get me wrong.

Business Plan 234

Business Plan Product Entrepreneur Differentiation 234

David Teten

AUGUST 6, 2015

The official Standards are more granular, and are the equivalent of programming style: a set of standard methods which help you create an easy-to-use and self-documenting model. HOW TO MAKE THE ENTIRE DOCUMENT READABLE. I think far too few people take advantage of styles in both text documents and spreadsheets.

Balance Sheet 60

Balance Sheet Software Review Forecast Acquisition 60

Gust

AUGUST 12, 2012

A business plan is a detailed description of your business, with a bit of product description thrown in near the front. A simple differentiation is that a product plan is designed for internal use, to get the product out. Concurrently, or later, it’s necessary to build a separate business plan. Don’t get me wrong.

Product 150

Product Business Plan Differentiation Business Model 150

Gust

AUGUST 24, 2014

In this variation on the free model, used by LinkedIn and many other Internet offerings, the basic services are free, but premium services are available for an additional fee. This also requires a huge investment to get to critical mass, and real work to differentiate and sell premium services to convert users to paying customers.

Revenue 184

Revenue Startup Retention Internet 184

Up and Running

MARCH 8, 2016

To do really well, you need business smarts and you need to stand out from the crowd. Because you’ll be entering an already-saturated market, you will need to figure out a way to differentiate your service offerings. Our business model fixes them all. This is where market research comes in. Validating your idea.

SBA 60

SBA Technical Review Software Review Business Plan 60

Startup Professionals Musings

MAY 9, 2010

A business plan is a detailed description of your business, with a bit of product description thrown in near the front. A simple differentiation is that a product plan is designed for internal use, to get the product out. Concurrently, or later, it’s necessary to build a separate business plan. Don’t get me wrong.

Business Plan 121

Business Plan Product Differentiation Business Model 121

Startup Professionals Musings

DECEMBER 26, 2010

In this variation on the free model, used by LinkedIn and many other Internet offerings, the basic services are free, but premium services are available for an additional fee. This also requires a huge investment to get to critical mass, and real work to differentiate and sell premium services to users locked-in as free.

Product 247

Product Startup Portfolio Revenue 247

Up and Running

APRIL 11, 2016

While traditional business models provide a more regular income, in the real estate world, it might be three months before you get paid—and it could even be longer. According to real estate investor Eric Bowlin , the purpose of a business plan is twofold. The real question is: Are you able to play the long game?

Reputation 60

Reputation Cofounder Naming Business Plan 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 a lean business plan. It is not a document. It’s not a big document.

Lean 60

Lean Business Plan Video Software Review 60

Up and Running

DECEMBER 6, 2012

Lean Planning is a set of tools for discovering a business model that works, building an action plan to test your assumptions, creating financial models and a plan for a viable business, and tracking your performance so you can adjust your plan on the fly, quickly and easily. Do startups have a manual?

Lean 147

Lean Silicon Valley Forecast Technical Review 147

Mike Michalowicz

JANUARY 7, 2015

Your staff can be your greatest strength or your greatest liability, and we owe it to ourselves and our businesses to take the time to find the most talented employees who are also a good fit for our business model. How would you edit this document? How would you try to sell me this product?

Hiring 60

Hiring Employee Differentiation Business Model 60

Up and Running

MAY 23, 2016

The one-page pitch format is also more suitable for SaaS businesses that are constantly testing new ideas. Your pitch is going to cover your strategy (what you’re going to do), your tactics (how you’re going to do it), your business model (how you will make money), and your schedule (who is doing what and when). Schedule.

Software Review 74

Software Review Software Delaware Forecast 74

chrissundberg.com

SEPTEMBER 16, 2011

The Truth: A Non-Disclosure Agreement (NDA) can be a useful document. In fact, the thing that will whet more investor appetites is telling them why you’re going to succeed… what differentiates you from your competition. The success of any business is in the execution. that all add up to differentiation.

NDA 40

NDA Non-disclosure Agreement Louisville Angel Investor 40

Up and Running

MAY 1, 2014

Ideally, the executive summary can act as a stand-alone document that covers the highlights of your detailed plan. In fact, it’s very common for investors to ask for only the executive summary when they are evaluating your business. If your business model (i.e., “how Financial summary. Funding requirements.

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

ConversionXL

JUNE 30, 2021

These come from speaking and listening to your audience , and successfully differentiating your brand. Stripe is an online payment processing provider that allows businesses to accept payments from their customers. . And its business model serves these customers by saving them time and money. You’re welcome.”.

Audience 149

Audience API Software Review America 149

Up and Running

OCTOBER 8, 2015

The amount of research you do really depends on the type of business you are starting, how risky your business model is, and who might be reading your business plan. Detailed market research isn’t necessary for all businesses. Does your business need market research? Document your findings.

Marketing 60

Marketing Forecast CTO Hire Finder 60

Up and Running

JULY 22, 2014

These three components (revenue, COGS, and gross margin) are the backbone of your business model—i.e., You’ll also list your operating expenses, which are the expenses associated with running your business that aren’t incurred directly by making a sale. See Also Making Sense of Your Small Business Financial Statements.

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 24, 2011

How to differentiate yourself in a crowded market (and when perhaps you shouldn’t try). So that means stuff like thinking about what a business model might be, it does mean customer development. They have 27 business units. It’s the model and the other part that I guess I’m still a fuzzy on.

Cofounder 208

Cofounder Technical Review Software Review Differentiation 208

ReadWriteStart

JANUARY 25, 2021

Your business plan will force you to think through your entire business concept, modeling financials for years in the future and outlining the biggest strengths, weaknesses, opportunities, and threats before you. Either way, you’ll need to find something that differentiates you from the competition.

Entrepreneur 208

Entrepreneur Startup Networking Employee 208

Up and Running

OCTOBER 21, 2014

‘Starting a business’ really only comes down to figuring out your business idea ; doing your paperwork; and sorting out the money. Given the number of funding resources available today, you shouldn’t have too much of a problem getting that initial start-up cash, especially if you focus on a lean business model or MVP route to market.

Elevator Pitch 166

Elevator Pitch Software Review SBA Business Plan 166

reidhoffman.org

NOVEMBER 12, 2013

But with so many investors still licking their wounds from the dot-com bust, many focused on proven business models, such as advertising or e-commerce. The general rule is one business model drives the business. As it happened, we did end up pursuing all three lines of business. Your differential product?

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

YoungUpstarts

JUNE 16, 2013

“With new business models comes the need for new technologies. ARISE Entity Search Engine : Current search engines such as Google and Bing organize information in terms of keywords and documents, rather than via deeper understanding or context.

Singapore 140

Singapore Asia Technology Networking 140

Software By Rob

AUGUST 18, 2010

Rob, frankly I’m surprised you’re endorsing this business model. #5 at 9:42 am I agree with the point by Reader X that the Free/Premium model is a marketing strategy. Rob, frankly I’m surprised you’re endorsing this business model.&# at 1:59 pm i do believe it depends on your business model.

Software Review 78

Software Review Software Revenue Cofounder 78

ConversionXL

MAY 16, 2018

Some business models use experimentation to great effect already. The reason wasn’t because the airline was inattentive or didn’t care about its customers, but because the airline’s differentiating factor was its low price-point and on-time service. QSR’s (Quick Service restaurants) such as Subway are prolific testers.

Marketing 133

Marketing Metrics Programming Design 133

Entrepreneurs-Journey.com by Yaro Starak

MAY 18, 2011

The vast majority of businesses do not have a good, compelling or unique reason. Understand that this differentiation should confer an advantage from the perspective of the BUYER. When Schlitz did, they acquired top-of-mind awareness – and business boomed. In other words, you need a USP (Unique Selling Proposition).

Ratchet 86

Ratchet Internet Differentiation Audience 86