Startup Professionals Musings

SEPTEMBER 11, 2021

Traction is evidence that your product or service has started that “hockey- stick” adoption rate which implies a large market, a valid business model, and sustainable growth. I like to see at least 10,000 active users, or a user base, page-views, or mobile downloads that double every three months. Market penetration.

Hockey Stick 304

Hockey Stick Early Stage Metrics Acquisition 304

YoungUpstarts

JUNE 4, 2019

Key components of revenue architecture go beyond simply predicting sales to include: the name and attributes of the startup’s category, a messaging matrix, a pricing strategy, a sales strategy and other business model elements. Whatever the product and business model, entrepreneurs must be prepared to build critical momentum.

Framework 127

Framework Architecture Cleveland Early Stage 127

Steve Blank

AUGUST 21, 2013

What we found is that during the class almost all of them pivoted - making substantive changes to one or more of their business model canvas components. Download the all three parts of the Life Science series here. Quite a few of the teams were building biotech, devices or digital health products. – See more here.

SBIR 318

SBIR Technical Review Lean Startup 318

YoungUpstarts

MAY 24, 2019

Key components of revenue architecture go beyond simply predicting sales to include: the name and attributes of the startup’s category, a messaging matrix, a pricing strategy, a sales strategy and other business model elements. Whatever the product and business model, entrepreneurs must be prepared to build critical momentum.

Framework 113

Framework Architecture Cleveland Early Stage 113

Duct Tape Marketing

JANUARY 4, 2024

Uncover diversified monetization strategies, including advertising, consulting, and info products, ensuring a sustainable and profitable newsletter business. Learn crucial metrics for success, from open rates to the quality of subscribers. 15:09] What are some of the metrics that showcase success in Newsletter writing? [17:17]

Revenue 77

Revenue Advertising Email ChatGPT 77

Up and Running

AUGUST 28, 2018

To help you get started, you can download our free traditional business plan template or our Lean Plan template. If you’ve never written a business plan before, Bplans also offers a library of sample medical business plans that you can review or even download to use as a model. Milestones and metrics.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Guy Nirpaz

MAY 15, 2012

The freemium business model is popular with many cloud-based companies but depending on company size, the user experience for trial users is different each time. We sat down to discuss smart conversion metrics for the freemium business model with Vik Chaudhary VP of Product Management and Corporate Development from Keynote Systems.

Business Model 40

Business Model Metrics Conversion Mobile 40

Occam's Razor

MAY 2, 2017

People ask me this seemingly simple question all the time: What Key Performance Indicators should we use for our business ? There is no golden metric for everyone, we are all unique snowflakes! :). I am going to pick a whole bunch of different businesses (15 in all!), If you want to play along. Don’t read what I’ve chosen.

Metrics 141

Metrics Acquisition eCommerce Analytics 141

www.forentrepreneurs.com

FEBRUARY 2, 2010

Blog About Log in Register Designing startup metrics to drive successful behavior Great companies are almost always run by great management teams. Good metrics should also be actionable, and drive successful behavior. This post is applicable to any kind of business.

Metrics 55

Metrics Design Entrepreneur Startup 55

Duct Tape Marketing

MAY 18, 2023

09:42] Was there a point in time when you decided to use newsletters to fit your business model or you started it as a normal standard digital marketing tactic? [11:10] 14:58] What are some of the metrics that show you’re doing things right? [17:02] 11:10] What are some ways for monetizing newsletters? [14:58]

ChatGPT 91

ChatGPT Advertising Email Viral 91

The Next Web

DECEMBER 4, 2013

Metrics on keywords, follower profiles and competitors all help define your target listener. As a startup, you’re working with limited resources and a lean business model. Startup Example: Zappos. Strategy Adopted: Leveraging Social Media Analytics. On social media, you can pinpoint an audience in real-time.

Social Media 158

Social Media Media Viral Startup 158

crowdSPRING Blog

MAY 10, 2013

It’s difficult to fake corporate culture | Business Insider – [link]. How a 1-Page Business Model Will – and Won’t–Help Your Lean Startup | by Kevin Dewalt – [link]. The critical metrics for each stage of your SaaS business | by Lars Lofrgren – [link]. 10 Myths about Startups – [link].

Social Media 93

Social Media Small Business Design Media 93

Both Sides of the Table

OCTOBER 10, 2011

The remainder of this article will deal with this decision but it comes down to the different economics of DVD rentals due to “ the first sale doctrine ” which gives Netflix a complete library of films and the fact that the first-sale doctrine doesn’t apply to digital downloads. ”).

Customer 287

Customer Technical Review Caching PR 287

www.forentrepreneurs.com

FEBRUARY 2, 2010

Business Model I would like to propose that in addition to team, product, and market, there is actually a fourth, equally important, core element of startups, which is the need for a viable business model. However there is a lot of value in looking at these same metrics for all other businesses.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

Up and Running

SEPTEMBER 15, 2016

Detail your business model—this is how you will make money (what are your revenue streams?). You can also download a free business plan template here, or use LivePlan to walk you through writing an investor-ready business plan. Describe what marketing activities you will use to attract customers.

Business Plan 60

Business Plan Lean Forecast Balance Sheet 60

Startup Professionals Musings

FEBRUARY 26, 2013

Traction is evidence that your product or service has started that “hockey- stick” adoption rate which implies a large market, a valid business model, and sustainable growth. I like to see at least 10,000 active users, or a user base, page-views, or mobile downloads that double every three months. Market penetration.

Hockey Stick 266

Hockey Stick Early Stage Metrics Acquisition 266

Startup Professionals Musings

OCTOBER 17, 2018

If your phone app or service is free, then the number of users or downloads better be impressive and growing exponentially. This can happen through early marketing, independent of whether you have yet delivered a single product, proven your business model, or have any real customers.

Advisory Board 199

Advisory Board Technical Review Metrics Business Model 199

BeyondVC

JANUARY 29, 2017

Great blog post by CockroachDB on open source business models and their plans to make money: If you’re serious about building a company around open source software, you must walk a narrow path: introduce paid features too soon, and risk curtailing adoption. Introduce paid features too late, and risk encouraging economic free riders.

Revenue 60

Revenue Developer Open Source Seed Stage 60

VC Cafe

NOVEMBER 2, 2019

One question that keeps coming up when speaking with early stage entrepreneurs when it comes to funding, is what metrics the company needs to hit to raise seed/series A/B etc: What’s a good conversion rate? Benchmarks are typically specific to stage/business model/geo. What should our MRR growth be?

B2C 141

B2C Technical Review Startup Retention 141

Up and Running

MAY 28, 2015

It’s all about making your business life easier, doing what works best, getting the best results by tracking what works and always improving. Start your lean business plan today: Download our Free Lean Plan Template one-page-pitch-download.pdf. I’m going to start with what’s a lean business plan.

Lean 60

Lean Business Plan Video Software Review 60

Up and Running

OCTOBER 27, 2016

We also love SaaS businesses, subscription businesses, and the subscription business model in general. So, we’ve made an effort to create resources to help you learn more about what running a SaaS or subscription business actually entails, and give you the tools to start and run one successfully.

Curation 60

Curation Forecast Metrics Business Model 60

The Next Web

AUGUST 17, 2013

Sangeet Paul Choudary analyzes business models for Internet startups at his blog Platform Thinking. But the problems don’t end with getting an app downloaded. As this study reports, 26% of apps downloaded in 2010 were used only once. Startups often tout number of downloads as evidence of traction. rst use problem.

Mobile 133

Mobile Design PR Social Network 133

Version One Ventures

DECEMBER 7, 2016

As investors, we love the underlying business models, including the daily use case, virality, and network effects. There are chapters on metrics, exits, valuations, as well as our outlook for future opportunities in social. Download the PDF or ePub version of the handbook and refer to it as you need it. Why social?

Artificial Inteligence 60

Artificial Inteligence Viral Valuation Networking 60

Up and Running

NOVEMBER 10, 2015

Your business model (or how you will make money). This will include everything from conducting the market and industry research and validating your business idea, right through helping you refine your mission or vision. If you want to find out more about starting a business, review the Bplans Startup Checklist.

Curation 60

Curation Lean Software Review Finder 60

Up and Running

AUGUST 21, 2018

So, it’s time to fix the traditional business plan and replace it with a planning process that works. Lean Planning is a faster and better business plan solution. Lean Planning is a 4-step process that helps you discover a business model that works and manage a company successfully. Business model.

Lean 134

Lean Forecast Software Review Business Plan 134

leananalyticsbook.com

AUGUST 19, 2012

The One Metric That Matters. One of the things Ben and I have been discussing a lot is the concept of the One Metric That Matters (OMTM) and how to focus on it. That doesn’t mean there’s only one metric you care about from the day you wake up with an idea to the day you sell your company. Lean Analytics Book.

Metrics 58

Metrics Clickthrough Lean Analytics 58

Up and Running

MAY 31, 2016

See Also: How to Write a Business Plan in Under an Hour. The first big hurdle for the artist business plan is what they call the business model, or, if you don’t like the trendy buzzword, how you make money. You can be as creative with the business model as you are with your art. Milestones and metrics.

Business Plan 60

Business Plan Forecast Metrics Oregon 60

ConversionXL

AUGUST 10, 2016

It requires that optimizers put in the effort to create user state models, dig into cohort analysis and correlative metrics, run experiments for different user states, etc. What Are User State Models? Essentially, user state models allow you to measure quality, not just quantity. Pretty simple, right? day 1 retention).

NPV 48

NPV Metrics Retention San Francisco 48

Guy Nirpaz

OCTOBER 25, 2011

This week, Jason Cohen wrote a very comprehensive blog on software-as-a-service churn: Deep Dive – Cancellation Rate in SaaS Business Models. Jason looks at many different definitions for the SaaS Cancellation Rate metric. Download our Free SaaS Key Metrics Survey Results. What about you?

Churn Rate 64

Churn Rate Metrics Conversion Business Model 64

Startup Professionals Musings

FEBRUARY 11, 2010

Take a look at my example, downloadable from my website, that shows what can be done in one page (both sides). Business model. That’s your metric to see if you have their attention. Tags: executive summary entrepreneur startup business plan. Don’t kill your credibility by saying you have no competition.

Elevator Pitch 138

Elevator Pitch Viral Lead Generation Business Plan 138

Steve Blank

OCTOBER 11, 2016

And not keep investors informed about changes to your business model can have serious consequences. Listen to my full interviews with Dan and Brian by downloading them from SoundCloud here and here. And download any of the past shows here.). Dan Miller , co-founder of Level Therapy , provider of mobile therapy sessions.

Columbus 247

Columbus Entrepreneur Ohio Cofounder 247

Duct Tape Marketing

NOVEMBER 15, 2023

17:30] How deep into financials and metrics do you get before taking a client on? [19:01] Duct Tape Transcript Email Download New Tab John: Hello and welcome to another episode of the duct tape marketing podcast. What do you see as the challenges to that business model for most people that attempt to do it? And then paid.

Channel 65

Channel Acquisition Framework B2B 65

Occam's Razor

OCTOBER 14, 2014

This recommendation also valuable for companies that have very unique business models, or face other unusual circumstances (geographic, size, amount of innovation, and many others). Conversion rate is one of those metrics that I strongly encourage you only create benchmarks for from your own data. See Page 269. :).

Analytics 133

Analytics Vertical Metrics Web 133

Up and Running

NOVEMBER 12, 2018

To help you get started, you can download this free business plan template for writing a traditional business plan for a loan or investment, or this Lean Plan template for a more nimble, easy to update plan. Share of the Market (SOM) : Your SOM is who you will reach in your first few years of business. Key metrics.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

ConversionXL

NOVEMBER 17, 2022

Prescriptive analytics The digital analytics metrics you need to know How to use analytics to improve marketing campaigns Define your mission, goals, and KPIs Set key performance indicators (KPIs) to measure marketing performance What to look for in a digital analytics product 9 tools for your digital analytics stack 1. Conversion rate.

Analytics 106

Analytics Metrics Channel Campaign 106

ReadWriteStart

APRIL 26, 2012

In an interview with ReadWriteWeb, Davidson explains how the latest industry to receive the disruption treatment has been the venture capital business itself, with the epicenter of the quake right around San Francisco. Davidson's company explains that backers are looking for companies that can sustain leaner growth models.

IPO 115

IPO Stock San Francisco Lean 115

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).

Software Review 74

Software Review Software Delaware Forecast 74