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. We’ve been teaching that the difference between a startup and an existing company is that existing companies execute business models, while startups search for a business model.

article thumbnail

Intellectual Property for Startups in the Real World

Gust

Last month we covered the basics of intellectual property (IP) for startups, including a simple taxonomy, some common issues and related documents for entrepreneurs to use when forming a new startup. I’m proud to contribute to the effort and always enjoy reading what the other authors have to say.

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

Provide specifics on the customer business model. Document why your team is the best for this challenge. Scale your funding requests to the value of your startup today, consisting of assets, contracts, and intellectual property you currently own. They want to see revenue to share in the return.

article thumbnail

How to Protect IP When Outsourcing Software Development

Up and Running

While this may be an innovative solution to your immediate need for tech talent needs, the question of how to protect your intellectual property when outsourcing software development has probably crossed your mind. The last thing you want is to have simply handed your idea and your intellectual property over to a potential competitor.

IP 80
article thumbnail

7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.

article thumbnail

12 Tips for Avoiding Litigation As a Startup

Women Entrepreneurs Can

Here are TWELVE actionable things that you can do to avoid disputes and litigation when initiating a business. At the beginning of the venture, you must see to it that you have prepared the documents that lay out the arrangements between founders, investors, and shareholders. Legally Secure Your Intellectual Property Position.

article thumbnail

From Idea To Execution: Building An Efficient Workflow For Your New Venture

The Startup Magazine

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.