Startup Professionals Musings

JULY 15, 2013

In reality, you need to set these projections as goals for your own use, to convince employees as well as investors that you have a business which is challenging, but achievable. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 238

Forecast Business Plan Burn Rate .Net 238

Startup Professionals Musings

JANUARY 6, 2023

Many of the business plans I have seen as an investor, like trying to integrate all the social media features of Facebook, Twitter, and LinkedIn into a new platform, don’t do it. In many business domains today, the market seems to change about every ninety days. The initial larger cost in time and dollars is only the beginning.

Startup 287

Startup Bandwidth Distribution Agile 287

Startup Professionals Musings

JANUARY 24, 2021

In reality, it is nothing more than a final integrity check on all aspects of the business and the team. Some entrepreneurs do very little to prepare for due diligence, assuming all the talking has already been done, and the business plan and results to-date tell the right story.

Technical Review 379

Technical Review Due Diligence Term Sheet Bankruptcy 379

Startup Professionals Musings

APRIL 11, 2020

Many of the business plans I have seen as an investor, like trying to integrate all the social media features of Facebook, Twitter, and LinkedIn into a new platform, don’t do it. In many business domains today, the market seems to change about every ninety days. The initial larger cost in time and dollars is only the beginning.

Startup 424

Startup Bandwidth Distribution Agile 424

ConversionXL

JUNE 16, 2022

A marketing playbook helps you achieve brand consistency across channels and campaigns. In this article, we’ll explain how to create a marketing playbook to align your teams and boost your sales opportunities. What’s inside will differ depending on the channel or marketing campaign. Content channels.

Campaign 149

Campaign CTO Marketing Social Media 149

Up and Running

APRIL 13, 2021

And nowadays you can get Microsoft Excel for about what a lunch costs per month, and Google Sheets — a competent alternative — for free. In this article, I’ll show you how to do your plan vs. actual analysis, step by step, with your accounting and your spreadsheet. Accounting needs detail, while planning needs a summary.

Forecast 147

Forecast Matching Balance Sheet Software Review 147

Up and Running

JULY 2, 2014

Sales forecasting is much easier than you think, and much more useful than you imagine. Since sales are intimate with costs and expenses, the forecast helps you budget and manage. You measure the value of a sales forecast like you do anything in business, by its measurable business results. Lines of sales.

Forecast 119

Forecast Sales Aggregator Software Review 119

Up and Running

MAY 14, 2015

Business plans go by many names: Strategic plans, operational plans, internal plans, and many others. Lately, I’ve been focusing on lean business plans. There are also one-page business plans, although those are really more summaries. Business plans for startups.

Business Plan 60

Business Plan Lean Forecast Balance Sheet 60

Startup Professionals Musings

OCTOBER 16, 2023

Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Thus, financial projections for up to five years are a necessary element in every business plan. How else will you be able to convince yourself and your team that your business is viable? Forecast sales-volume expectations.

Forecast 290

Forecast Burn Rate Widget Business Plan 290

Up and Running

MARCH 26, 2015

Unsure what kind of business plan you need? We get this question a lot, mainly because there are so many different things labelled as business plans: strategic plans, annual plans, operational plans, feasibility plans, and, of course, what most people think of, business plans for startups seeking investment.

Business Plan 60

Business Plan Lean Forecast Balance Sheet 60

Up and Running

NOVEMBER 12, 2020

For many small businesses, determining your marketing budget is likely an afterthought. Actually spending money on advertising or other marketing costs can feel daunting and fruitless, especially when first starting out. Plan for the future. Selecting the right advertising channel. Pitch to investors.

Artificial Inteligence 142

Artificial Inteligence Marketing Channel Campaign 142

Steve Blank

JUNE 26, 2014

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. — Over the last three years the Lean LaunchPad class has started to replace the last century’s “how to write a business plan” classes as the foundation for entrepreneurial education.

Intellectual Property 281

Intellectual Property Lean IP Open Source 281

Up and Running

SEPTEMBER 14, 2021

Sales is all about how to get more customers, and relationship funnels prioritize establishing a genuine connection with your customers. Relationship funnel vs. sales funnel — What’s the difference? It’s easy to confuse relationship funnels with traditional sales or marketing funnels, however, they differ significantly.

Sales 152

Sales Audience Social Media Email 152

Startup Professionals Musings

APRIL 11, 2022

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. 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.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Startup Professionals Musings

DECEMBER 2, 2022

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. A target market is the group of customers that the startup plans to attract through marketing and sales their product or service. Sales/Marketing.

Business Model 256

Business Model Distribution Viral Green 256

Startup Professionals Musings

AUGUST 24, 2019

A while back in a blog article , I pointed out that none of these justify a startup business plan with little or no budget for marketing. All require planning, deliberate actions, and quality content and event creation which will likely absorb all the savings from reduced paid media campaigns. Long-term sales.

Media 238

Media Cost Framework Social Media 238

www.forentrepreneurs.com

FEBRUARY 2, 2010

Blog About Log in Register Startup Killer: the Cost of Customer Acquisition In the many thousands of articles advising entrepreneurs on what they have to focus on to build successful startups, much has been written about three key factors: team, product and market, with particular focus on the importance of product/market fit.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

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. . 2- Attend trade shows that allow attendees to register for free or at a low cost.

B2B 131

B2B Developer Technical Review Business Model 131

Startup Professionals Musings

FEBRUARY 5, 2021

Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Thus, financial projections for up to five years are a necessary element in every business plan. How else will you be able to convince yourself and your team that your business is viable? Forecast sales-volume expectations.

Forecast 369

Forecast Burn Rate Startup Widget 369

Up and Running

JUNE 25, 2020

It takes effective planning, strategy, and the willingness to get creative. If your sales have recently hit a plateau, check out these 10 proven methods to continue growing your business. You went through the process of identifying a target market when developing your business plan. Know your customers.

Small Business 180

Small Business Hosting Social Media Community 180

YoungUpstarts

MARCH 2, 2017

E-commerce is well within reach of virtually every small retail business, and with consumers demanding an easier way to find and purchase products, businesses need to incorporate an online sales strategy to remain relevant. E-commerce is easy to add into your business plan.

Technical Review 100

Technical Review Aggregator Sales Social Media 100

Steve Blank

MAY 9, 2017

When the product and channel are bits, adoption by 10’s and 100’s of millions and even billions of users can happen in years versus decades. Continuous innovation requires the imagination and courage to challenge the initial hypotheses of your current business model (channel, cost, customers, products, supply chain, etc.)

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

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. Build a business plan and model that is attractive to investors.

Hockey Stick 339

Hockey Stick Intellectual Property Non-Compete Business Model 339

Startup Professionals Musings

APRIL 26, 2021

Of course, you can find these elements embodied in many of the business plan templates and tools out there, such as the Business Model Canvas. Every business, including non-profits, need a viable source of revenue to cover the costs of operation and sustainability. Show a cost margin of at least fifty percent.

Intellectual Property 332

Intellectual Property Angel Investor Business Model Channel 332

Startup Professionals Musings

JUNE 9, 2012

In reality, you need to set these projections as goals for your own use, to convince employees as well as investors that you have a business which is challenging, but achievable. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 238

Forecast Burn Rate .Net Business Model 238

Up and Running

MAY 13, 2015

In this week’s episode, we use the Bluth’s Frozen Banana Stand to show you how to write a business plan in under an hour. Listen: Show notes: How to Write a Business Plan in Under an Hour by Noah Parsons – (:57). Content Marketing for Small Businesses (feat. Read also: TAM, SAM, SOM – huh??

Business Plan 60

Business Plan Marketing Oregon Small Business 60

ConversionXL

JUNE 20, 2019

Simply sign up using your Google account, create a channel , and upload your video files. Suggested videos encourage people to increase their watch time not just on your channel but on the platform as a whole. For example, my personal recommendations are a mix of business and pleasure.

Hosting 127

Hosting Video Technical Review Software Review 127

Up and Running

MAY 12, 2020

Can I afford the cost of any adjustments that need to be made? Make sure you can legally start a business from home: Check zoning laws in your area and ensure your home is “zoned” for business practices. Develop a Business Plan. It’s been proven that planning makes you more successful.

Software Review 153

Software Review Exit Strategy Technical Review Business Plan 153

Startup Professionals Musings

AUGUST 13, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Marketing, sales, and partners. Industry & market sizing.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Startup Professionals Musings

FEBRUARY 7, 2015

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.

Business Model 120

Business Model Technical Review Advisory Board Software Review 120

Gust

JUNE 19, 2012

Last weekend I caught Mashable announcing that Ebook Sales Surpass Hardcover in the U.S. But in the real world, when you get to business numbers, sales are not accounts receivable and revenue isn’t income and people who read financial projections need to know that an apple is an apple, and not an orange. . Power Pitches.

Startup 180

Startup Forecast Angel Investor Software 180

Startup Professionals Musings

DECEMBER 17, 2014

Many of the business plans I have seen as an investor, like trying to integrate all the social media features of Facebook, Twitter, and LinkedIn into a new platform, don’t do it. In many business domains today, the market seems to change about every ninety days. The initial larger cost in time and dollars is only the beginning.

Bandwidth 262

Bandwidth Distribution Agile Social Media 262

Up and Running

OCTOBER 5, 2020

Yes, you had to identify a target market when developing your initial business plan. You’re researching and testing what resonates while actively building a relationship that will lead to returning customers, positive word of mouth (both in-person and online) and overall increased sales. Reward their support. Communicate online.

Customer 85

Customer Channel Email Programming 85

Startup Professionals Musings

MAY 13, 2011

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Marketing, sales, and partners. Industry & market sizing.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

The Startup Magazine

MAY 11, 2020

If you are struggling with settling your dues, it is essential to find effective strategies to get your business out of debt. By doing so, you can focus on improving productivity and sales. A business budget plays a significant role in identifying income streams, variable costs, and fixed expenses. Revise Your Budget.

Software Review 105

Software Review Small Business Management Bankruptcy 105

Up and Running

MARCH 24, 2021

Think of it as a baseline for what’s feasible and what your penetration rate needs to be for your business to be viable long-term. Keeping track of this measurement and noting any positive or negative changes can help inform your return on investment for any marketing or sales campaigns. Is there a pain point no one is addressing?

Software Review 146

Software Review Marketing Campaign Forecast 146

Up and Running

FEBRUARY 20, 2014

If your new business is going to distribute products in the U.S. retail market, that means your business needs to get its products into what people call “the channel”—also known as channels of distribution, or retail channels. Most of the major retail channels in the U.S. Understand tiers.

Product 82

Product Channel Distribution Software Review 82