Startup Professionals Musings

AUGUST 28, 2019

Every business has complex and diverse dilemmas which are not specifically covered in documented procedures, so employees need clear values leadership for guidance. A successful business is far more than a good product and a good business model – it’s equally about projecting and executing with a great culture.

Software Review 192

Software Review Offshore Leadership .Net 192

Hearpreneur

OCTOBER 10, 2023

Beyond that, it acts as your business's guiding roadmap, ensuring you stay aligned with your goals as your operations adapt to evolving circumstances. As a dynamic document, it remains rooted in your business's core objectives while flexibly responding to change. Thanks to Evan Tunis, Florida Healthcare Insurance ! #2-

Business Plan 124

Business Plan Jordan Entrepreneur Florida 124

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. Step 1: Set Up Team Logistics.

Lean 333

Lean Web Coder Business Model 333

Steve Blank

FEBRUARY 16, 2012

Alexander Osterwalder and I spent last week in Salt Lake City, Utah as judges at the 2 nd Annual International Business Model Competition , hosted by Professor Nathan Furr , and his team at the BYU Center for Entrepreneurship. In an existing corporation, the business plan is the execution document for sustaining innovation.

Business Model 263

Business Model Customer Development Utah Business Plan 263

A Smart Bear: Startups and Marketing for Geeks

JULY 23, 2013

So no, this upside-down business model isn’t what a SaaS business should construct. I wish the modern startup community would understand the mindset that gets a company to this point, and resist it. The mindset works like this: It costs a lot of money to land an enterprise customer.

Business Model 335

Business Model .Net Revenue IPO 335

Startup Professionals Musings

SEPTEMBER 9, 2017

Every business has complex and diverse dilemmas which are not specifically covered in documented procedures, so employees need clear values leadership for guidance. A successful business is far more than a good product and a good business model – it’s equally about projecting and executing with a great culture.

Software Review 166

Software Review Offshore Leadership .Net 166

Startup Professionals Musings

DECEMBER 14, 2013

She recommends phone interviews by you, by appointment, with structured questions, and you document results. Align your business model to how your customers want to buy. All of these processes should be documented, and should explicitly include the customer buying process and perceptions as the base.

Revenue 263

Revenue Startup Technical Review Business Model 263

Steve Blank

MAY 6, 2015

Founders assumed they understood customer problems/needs, wrote engineering requirements documents, designed the product, implemented /built the hardware/software, verified that it worked by testing it, and then introduced the product to customers in a formal coming out called first customer ship. Generating Hypotheses. Testing Hypotheses.

Lean 120

Lean Agile Business Model Customer Development 120

YoungUpstarts

MARCH 4, 2020

It will enable individuals to understand the travellers’ needs and expectations intimately which can result in new hospitality business models. They understand the need to constantly improve in order to develop resilient hospitality business models hand-in-hand with their employers.

Technical Review 165

Technical Review Singapore Artificial Inteligence Myanmar 165

VC Cafe

MARCH 1, 2024

Eliminating middlemen in healthcare – from using AI to automate repetitive human jobs to exploring new and better business models for providing care. Transform financial and accounting software from databases to context-aware, proactive processors.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

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. Will you opt for direct sales, subscriptions, or a freemium model? However, do so with caution and strategic planning.

Intellectual Property 130

Intellectual Property Angel Investor Business Model Bootstrapping 130

Startup Professionals Musings

APRIL 7, 2017

She recommends phone interviews by you, by appointment, with structured questions, and you document results. Align your business model to how your customers want to buy. All of these processes should be documented, and should explicitly include the customer buying process and perceptions as the base.

Small Business 147

Small Business Revenue Technical Review Business Model 147

Startup Professionals Musings

JANUARY 14, 2023

Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model.

Hockey Stick 339

Hockey Stick Intellectual Property Non-Compete Business Model 339

The Startup Magazine

AUGUST 20, 2020

What you can expect to have coming in and going out should be documented in detail. Business model based on client needs and expectations. Remember to include the cost of office space, supplies, technology, marketing, and outsourcing. Have a Vision. There’s more to an effective strategy than money.

Technical Review 120

Technical Review Social Media Reputation Salary 120

ReadWriteStart

JUNE 8, 2021

But with efficient employees, your costs decrease, customer loyalty increases, and your business model will have a much better chance of success. Documentation. Of course, your workflows and processes should also be heavily documented, even if they’re subject to change in the future.

Employee 127

Employee Product Startup Software Review 127

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

Startup Professionals Musings

AUGUST 2, 2019

Define and document the portfolio of initiatives to deliver on your strategic objectives and fulfill your production and skill requirements. Constantly validate your solution fit, schedule, and business model with feedback from key customer advocates. Architect: Build an actionable plan and acquire delivery resources.

Technical Review 226

Technical Review Leadership Portfolio Matching 226

Steve Blank

OCTOBER 15, 2019

Product people are often messy, hate paperwork and prefer to spend their time creating stuff rather than documenting it. They’ll use government regulation and lawsuits to keep out new entrants with more innovative business models. People who manage processes are not the same people as those who create product.

Government 315

Government Technical Review Acquisition Metrics 315

Steve Blank

SEPTEMBER 5, 2013

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model. Whoah…were customers telling us we are a consumer product rather than B-to-B??

Lean 315

Lean Customer Development Sales Cycle Business Model 315

Startup Professionals Musings

OCTOBER 28, 2013

Every business has complex and diverse dilemmas which are not specifically covered in documented procedures, so employees need clear values leadership for guidance. A successful business is far more than a good product and a good business model – it’s equally about projecting and executing with a great culture.

Software Review 250

Software Review Offshore Leadership .Net 250

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

APRIL 21, 2012

This is a very costly development, testing, documentation, and support challenge. Razor blade model. In this model, like cheap printers with expensive ink cartridges, the base unit is often sold below cost, with the anticipation of ongoing revenue from expensive supplies.

Business Model 282

Business Model Revenue Portfolio Differentiation 282

Steve Blank

SEPTEMBER 1, 2021

Try innovating inside a large company where 99% of the company is executing the current business model, while you’re trying to figure out and build what comes next. What you’re holding in your hand is a revolutionary document. You think startups are hard? Their book Lead and Disrupt describes how others can learn how to do so.

Incubator 402

Incubator Lean Agile Business Model 402

Startup Professionals Musings

MARCH 5, 2023

Bill was relentless in his focus on getting the software PC DOS project delivered, while continually challenging us with new business models. Professional investors expect far more than an idea pitch – they are looking for a documented opportunity analysis and realistic financial projections.

Cofounder 389

Cofounder Startup Term Sheet Acquisition 389

Startup Professionals Musings

MARCH 10, 2023

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Typically some production and delivery is outsourced, requiring formal contracts and documentation.

Exit Strategy 288

Exit Strategy Metrics Operations Cost 288

Startup Professionals Musings

NOVEMBER 3, 2012

She recommends phone interviews by you, by appointment, with structured questions, and you document results. Align your business model to how your customers want to buy. All of these processes should be documented, and should explicitly include the customer buying process and perceptions as the base.

Technical Review 234

Technical Review Business Model Revenue Social Media 234

Gust

APRIL 27, 2014

Even when your startup is a one-man show and lots of fun, a “business” needs some discipline and controls to keep it from being defined as a hobby by investors, and assure some financial return. Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Funding process.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

Startup Professionals Musings

SEPTEMBER 24, 2014

If you haven’t yet finalized the business model, cost projections, and customer segments, you aren’t ready for investors. Excuse the typos and cleanup that I’ve been too busy to finalize.” Don’t send investors documents and notes that would be rejected by any high-school teacher.

Technical Review 299

Technical Review Entrepreneur Business Plan Angel Investor 299

Steve Blank

MAY 17, 2010

Business Plan Versus Business Models. Where did the idea that startups write business plans come from? A business plan is the execution document that large companies write when planning product-line extensions where customer, market and product features are known. initial business model hypotheses).

Business Plan 312

Business Plan Business Model Customer Development Deal Flow 312

Startup Professionals Musings

AUGUST 31, 2019

There is no accommodation for smaller public companies, who can’t be competitive in their space with the new accounting, documenting, and reporting processes required. As best, you should reserve this option for later stage VC discussions, once you have a well-proven business model, large market following, and substantial revenue.

IPO 210

IPO SEC Prospectus Startup 210

Startup Professionals Musings

JUNE 5, 2017

Find someone with complementary business knowledge, and the time to help, with your trust and respect, Document your objectives and talk often. Don’t start your business in a domain where you have no experience, even if it looks like a sure-fire success. Balance of technical and business knowledge.

Technical Review 152

Technical Review Stealth Lean Social Media 152

ReadWriteStart

JUNE 1, 2020

In very few specific cases, depending on the nature of the business, the business model might demand a considerable gestation period or extensive research and development. For these businesses, it is imperative to get funding from the start without which the company cannot be set up. They will surely help you.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Startup Professionals Musings

MARCH 5, 2018

If you haven’t yet finalized the business model, cost projections, and customer segments, you aren’t ready for investors. Excuse the typos and cleanup -- I’ve been too busy to finalize.” Don’t send investors documents and notes that would be rejected by any high-school teacher.

Technical Review 157

Technical Review Angel Investor Business Plan Social Media 157

Startup Professionals Musings

AUGUST 25, 2011

She recommends phone interviews by you, by appointment, with structured questions, and you document results. Align your business model to how your customers want to buy. All of these processes should be documented, and should explicitly include the customer buying process and perceptions as the base.

Customer 242

Customer Technical Review Business Model Revenue 242

YoungUpstarts

JULY 23, 2020

Various online platforms are now offering drop shipping business models that are already developed. Are you good at responding to emails, checking documents and balancing travel arrangements? If your answer is ‘yes,’ you may be well suited to starting your own VA business. . Test your eCommerce talents.

Internet 130

Internet eCommerce Social Media Web Development 130

venturedig.com

NOVEMBER 1, 2009

The business models within the social media realm are much different than traditional businesses. In social networking, they’re ever-changing, backed by eye-opening revenue and have very little documentation. For this reason, this piece will be routinely updated with new models and new feedback from your comments.

Social Network 55

Social Network Business Model Networking CPA 55

Up and Running

JANUARY 8, 2019

An Italian restaurant plan will still show you the layout and structure of the document. On Bplans and in business planning software like LivePlan, our free sample business plans are all real business plans written by real people. What’s the point of a business plan? Mistake 2: Assuming the sample is perfect.

Business Plan 118

Business Plan Lean Oregon Matching 118