Startup Professionals Musings

OCTOBER 9, 2023

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Businesses require an equally elegant business model, with the right price, messaging and delivery channel to the right target customers to keep the dream alive and growing.

Technical Review 220

Technical Review Advisory Board Software Review Business Model 220

Steve Blank

APRIL 12, 2010

Each sale requires us to handhold the customer and takes way too long to close. He took a deep breath, looked around the boardroom table and then proceeded to outline a radical reconfiguration of the product line (repackaging the products rather than reengineering them) and a change in sales strategy, focusing on a different customer segment.

Business Model 332

Business Model Agile Customer Development Startup 332

Startup Professionals Musings

FEBRUARY 26, 2023

So now may be the time to start or transform your business into a recurring revenue engine with subscriptions, or just add an option to get some extra sales growth. But be aware, these models bring with them a whole new psychology of selling, supporting, and measuring your success with customers.

Business Model 294

Business Model Startup Cloud Curation 294

Startup Professionals Musings

JANUARY 13, 2014

The real milestone, proving the business model, is that first product sold for full price to a total stranger, leaving him happy. Of course, one sale isn’t really enough, so you need to get the first customer to recommend you to a second, and make sure the rate of sales ramps up quickly enough to keep the business alive and growing.

Business Model 248

Business Model Sales Customer Distribution 248

The Startup Magazine

JULY 16, 2021

The lesson of the pandemic era is clear, as market conditions change, business models must evolve. Success is not, as you would think, about having stable business models across market conditions. There is one consideration that should be paramount in your thinking about your business model.

Business Model 167

Business Model Aggregator Revenue Analytics 167

Startup Professionals Musings

MAY 19, 2023

Solution and business model innovation require pushing the limits. A business model is not an after-thought. Passion and ego are no substitute for a business model that makes sense. If your solution is free, or you lose money on every sale, it’s hard to make it up in volume.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229

Startup Professionals Musings

DECEMBER 5, 2020

Constant search for ways to increase sales and profitability. More sales are the only way to reach real business success. Entrepreneurial thinkers see their business mission as enriching the lives of customers, rather than being a better producer of products and services. Think like your ideal customer seeking value.

Technical Review 294

Technical Review Business Model Employee Sales 294

Startup Professionals Musings

SEPTEMBER 13, 2022

According to a well-researched Motly Fool report, the challenge is very real, since around half of all businesses fail in the first five years. The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development.

Intellectual Property 341

Intellectual Property Technical Review Startup Incubator 341

ReadWriteStart

SEPTEMBER 9, 2022

You can reach out to businesses in your target market and offer them incentives to join your marketplace. Then, once you have a critical mass of buyers and sellers, you need to start promoting your marketplace to drive traffic and generate sales. . Understanding The Business Model of a B2B Marketplace. Consider SEO.

B2B 131

B2B Developer Technical Review Business Model 131

The Startup Magazine

AUGUST 6, 2021

But like any business model, problems are sure to arise from time to time. It’s great that a dropshipping business model means you don’t have to handle order fulfilments, as that side of things is left to the manufacturers or wholesalers in the supply management chain. Of course, it also means you can make more sales.

Software Review 154

Software Review United States Business Model Stock 154

The Startup Magazine

JANUARY 16, 2024

Marked by their brevity and exclusivity, limited-time offers and flash sales are time-sensitive promotions that create a sense of urgency and excitement among customers. Here are strategies that will enable you to use them to effectively boost your sales and promote your enterprise’s brand and offerings.

Flash 116

Flash Sales Campaign Social Media 116

YoungUpstarts

MARCH 4, 2014

If there’s a sure sign that shows how interest in online flash sales have waned, it’s how many daily deal sites have either deadpooled or pivoted away from that particular business model. In the News business model daily deals flash sales luxury travel Singapore TheLuxeNomad'

Flash 164

Flash Business Model Sales Singapore 164

Entrepreneurs-Journey.com by Yaro Starak

SEPTEMBER 17, 2022

Now that number is over a billion dollars in business acquisitions. The post Thomas Smale, Over A Billion Dollars In Company Sales, What Business Models Lead To The Biggest Exit (VC EP32) appeared first on Yaro.Blog. At the time his company had helped to facilitate over $5 Million in deals.

Business Model 98

Business Model Vesting Sales Acquisition 98

Gust

JANUARY 5, 2014

The real milestone, proving the business model, is that first product sold for full price to a total stranger, leaving him happy. Of course, one sale isn’t really enough, so you need to get the first customer to recommend you to a second, and make sure the rate of sales ramps up quickly enough to keep the business alive and growing.

Business Model 171

Business Model Sales Customer Distribution 171

Startup Professionals Musings

AUGUST 23, 2020

Solution and business model innovation require pushing the limits. A business model is not an after-thought. Passion and ego are no substitute for a business model that makes sense. If your solution is free, or you lose money on every sale, it’s hard to make it up in volume.

Technical Review 324

Technical Review Entrepreneur Due Diligence Business Model 324

The Startup Magazine

APRIL 22, 2024

Therefore, from the inception of their venture, startups must prioritize client retention strategies in their business model. Enhanced Profitability According to Forbes , acquiring new customers often entails substantial costs in terms of marketing, advertising, and sales efforts.

Retention 116

Retention Reputation Startup Social Network 116

Startup Professionals Musings

APRIL 4, 2022

According to my experience and this Motley Fool article from a few years ago, the challenge is very real, with around half of all new businesses no longer existing after five years. Exchanging your services for services is possible with legal counsel, accountants, engineers, and even sales people.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Startup Professionals Musings

SEPTEMBER 4, 2011

The real milestone, proving the business model, is that first product sold for full price to a total stranger, leaving him happy. Of course, one sale isn’t really enough, so you need to get the first customer to recommend you to a second, and make sure rate of sales ramps up quickly enough to keep the business alive and growing.

Business Model 244

Business Model Sales Customer Distribution 244

Startup Professionals Musings

JANUARY 6, 2023

A single innovator can envision or even build an innovative prototype, but it takes a team to build the solution into a business. Even adding money won’t do it – you need to create a committed and engaged team and partners for marketing and sales, as well as production and distribution.

Technical Review 201

Technical Review Government Agile Differentiation 201

The Startup Magazine

NOVEMBER 17, 2021

Here’s everything you need to know to drive sales leads. With sales at a record high, co-selling is set to overtake affiliate marketing as everyone’s favorite way to make better ROI. In this unique value proposition, you double the category of consumers that you target with your sales. Business models are changing.

Affiliate 142

Affiliate Technical Review Partner Sales 142

Startup Professionals Musings

OCTOBER 30, 2020

Minimize one-time sales in your business model. You need a stable customer base with an automatically renewing revenue stream, such as the subscription model. New channels, such as adding brick-and-mortar distributors to supplement your online sales, also can multiply your rate of growth.

Merger 386

Merger Acquisition Software Review Social Media 386

The Startup Magazine

JULY 16, 2021

The lesson of the pandemic era is clear, as market conditions change, business models must evolve. Success is not, as you would think, about having stable business models across market conditions. There is one consideration that should be paramount in your thinking about your business model.

Business Model 78

Business Model Aggregator Revenue Analytics 78

The Startup Magazine

NOVEMBER 8, 2022

However, there are many other ways these portals can be customized depending on what works best for your business model. Live chat software makes it easy to interact with customers when they have questions or concerns about your business or products/services. Customers are the backbone of your business.

Customer 133

Customer Social Media Software Review Startup 133

Startup Professionals Musings

AUGUST 4, 2013

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model?

Business Model 235

Business Model Product Advisory Board Angel Investor 235

The Startup Magazine

AUGUST 11, 2023

pexels A war chest is virtually always a competitive edge in all aspects that count, including employing key staff, public relations, marketing, and sales. When expanding their businesses, most tech startups and the subindustries that comprise the tech industry typically follow this model. Hence they will miss the finish line.

Seed Stage 126

Seed Stage Technical Review Early Stage Due Diligence 126

Startup Professionals Musings

SEPTEMBER 25, 2021

You need a viable business model and customers. Investors expect proof that your invention can be manufactured in volume, and can justify a sales price at least double the cost, to a large customer set that has money to spend.

Technical Review 391

Technical Review Intellectual Property Early Stage Global 391

A Smart Bear: Startups and Marketing for Geeks

JULY 23, 2013

of revenue, force-feeding sales pipelines with an unprofitable product. I know the argument: The pay-back period on sales, marketing, and up-start costs is long, but there’s a profitable result at the end of the tunnel. So no, this upside-down business model isn’t what a SaaS business should construct.

Business Model 335

Business Model .Net Revenue IPO 335

Startup Professionals Musings

JUNE 30, 2012

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model?

Business Model 248

Business Model Advisory Board Entrepreneur Angel Investor 248

Steve Blank

JUNE 27, 2017

Initially, a startup has no business model and no market share to defend. If they select a business model that targets industry incumbents, they don’t have to worry about upsetting existing customers, partners or distribution channels. Its employees and investors don’t depend on an existing revenue stream.

Startup 275

Startup New York City Valuation Distribution 275

Startup Professionals Musings

JULY 9, 2017

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. In my experience as a new business advisor, a business is nothing until people are aligned and work in sync. Key activities. Try this one.

Business Model 143

Business Model Intellectual Property Startup Angel Investor 143

Entrepreneurs-Journey.com by Yaro Starak

MAY 10, 2010

If you haven’t caught the latest John Reese video, the third in the series talks about the six online business models and how you can outsource the tasks involved to make them work. What Online Business Can You Start With Outsourcing? sales letter design. sales copy. copywriting. email autoresponder series.

Business Model 75

Business Model Affiliate Philippines Syndicate 75

Startup Professionals Musings

JANUARY 22, 2021

How do you convince investors that your business model will really work, before you have a revenue stream that exceeds your expenses? Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question. Word of mouth is not adequate for marketing and sales.

Business Model 414

Business Model Angel Investor Bootstrapping Revenue 414

YoungUpstarts

AUGUST 27, 2020

It follows a pretty basic business model of selling products online for people to order. This doesn’t just include small businesses, but massive corporations as well. It’s still highly possible to make a lot of sales and generate loads of customers. You don’t find many startup ideas as straightforward as an online store.

Search 317

Search Stock Security Technical Review 317

Startup Professionals Musings

MAY 14, 2012

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. I support her assertion that a business model consists of at least the first seven of the following ten basic elements: Value proposition.

Business Model 242

Business Model Distribution Viral Green 242

Steve Blank

APRIL 1, 2020

Sales pipeline/forecast. I listened in on a board call with an enterprise software company this week, and when the CEO said, “Our VP of sales assured me our pipeline won’t be affected.” Remember, a year from now no one wants to be the CEO of a company out of business whose lament is, “I did what the board told me to do.”.

South Korea 333

South Korea Salary Business Model China 333

YoungUpstarts

JUNE 6, 2019

There are even some ideas for passive income that you can turn into a profitable business model. Here are a few ideas for passive income that you can turn into a business model. If you want to turn it into a profitable business model, though, it’s best to continue publishing new works on a semi-regular basis.

Business Model 138

Business Model Affiliate Design Social Media 138

The Startup Magazine

NOVEMBER 21, 2018

To successful create or grow any business you need a plan. In essence, a plan or design for the day to day running of your business is all that a business model actually is. But not just any business model will do; you need one designed for your specific business and one that can be adapted as and when you need it to be.

Business Model 94

Business Model Lean Guinea Startup 94