Startup Professionals Musings

FEBRUARY 12, 2023

Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time. A business plan is for you first, not investors.

Intellectual Property 312

Intellectual Property Startup Angel Investor Viral 312

Up and Running

OCTOBER 28, 2022

Securing investment dollars is often the number one priority for entrepreneurs when starting a business. However, each “type” of investor brings a different level of risk — and, let’s be honest, not all businesses are attractive to investors. Pros and cons of using your own money for startup costs.

Cost 138

Cost Startup Early Stage Vesting 138

Startup Professionals Musings

AUGUST 14, 2020

Many entrepreneurs are so enamored with their product vision that they believe their own hype, and are convinced that the market for their solution is so huge that no one will ask them for independent market research data. Browse the business section of your favorite bookstore. Conduct your own customized market research.

Business Plan 393

Business Plan Marketing SBA Venture Capital 393

Startup Professionals Musings

JULY 13, 2012

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. First of all, Seth Godin pointed out a few years ago that viral marketing does not equal word-of-mouth.

Viral 238

Viral Cost Marketing SEM 238

Startup Professionals Musings

OCTOBER 6, 2023

For the elite startups and entrepreneurs who manage to attract the investor they dream of, and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. In reality, it is nothing more than a final integrity check on all aspects of the business and the team. Traction in the marketplace.

Technical Review 296

Technical Review Due Diligence Term Sheet Bankruptcy 296

Startup Professionals Musings

AUGUST 11, 2013

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. First of all, Seth Godin pointed out a few years ago that viral marketing does not equal word-of-mouth.

Viral 249

Viral Marketing Entrepreneur SEM 249

Startup Professionals Musings

JULY 1, 2020

Every entrepreneur I know finds it a challenge to balance the joys of entrepreneurship against a set of frustrations they never anticipated. You expected the difficulty of finding funding, but you never expected it to go so fast into unanticipated expenses, inventory, support, and marketing. Scaling a business is hard.

Due Diligence 306

Due Diligence Entrepreneur Startup Acquisition 306

Startup Professionals Musings

MARCH 3, 2023

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.

Business Plan 280

Business Plan Product Architecture Business Model 280

Startup Professionals Musings

MAY 17, 2020

Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time. A business plan is for you first, not investors.

Intellectual Property 436

Intellectual Property Angel Investor Viral Distribution 436

The Startup Magazine

APRIL 12, 2021

There are several profitable tech startup ideas for entrepreneurs in 2021. Since the COVID-19 outbreak, an increasing number of companies have been relying on technology to conduct business in remote settings. As an entrepreneur with a tech background, you need to know which startups are projected to be the most profitable this year.

Technical Review 113

Technical Review Software Review Application Development Entrepreneur 113

Startup Professionals Musings

MAY 8, 2016

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.

Business Plan 120

Business Plan Product Architecture Startup 120

Startup Professionals Musings

NOVEMBER 28, 2020

In my view, starting a new business has never been easier, and according to reports from the Kauffman Foundation , the numbers are here to show it. The rate of new entrepreneurs increased between 2013 and 2019, from 280 out of 100,000 to 310 out of 100,000 of the adult population. The cost of social media done well is low.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

Up and Running

NOVEMBER 6, 2020

Writing a business plan is an important step for any entrepreneur. But, if you’re starting a SaaS busines s, the business plan plays an outsized role because the money required to fuel growth can be much more than you would guess. marketing) and the financial plan. . Customer acquisition plan.

Business Plan 87

Business Plan Forecast Churn Rate Acquisition 87

Up and Running

MAY 20, 2019

Writing a business plan can help make sure Office Space doesn’t feel relatable [ source ]. If you’re coming up with a business plan for a new venture, there’s a good chance you can relate to this scene. Perhaps it represents what drove you to become an entrepreneur in the first place. You’ll hear about it.

Business Plan 92

Business Plan Angel Investor Partner Naming 92

Startup Professionals Musings

FEBRUARY 14, 2022

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Success demands testing the solution early and quickly in the market, then iterating to get it right.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

ReadWriteStart

MARCH 7, 2022

Whether you’re managing a digital business or a brick-and-mortar storefront, marketing is a practical necessity. Marketing is the way to raise visibility and awareness of your brand, and the only reliable path toward multiplying your audience overall. Marketing Difficulty Is Growing. Why is this the case?

Marketing 198

Marketing Advertising Metrics Technical Review 198

ReadWriteStart

JUNE 1, 2020

I have often been asked about Startup Funding by entrepreneurs. Here is Startup Funding, a Comprehensive Guide for Entrepreneurs. To secure your funding, you must establish the feasibility of your idea through proper planning and implementation. You can get a personal loan without a business plan.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Startup Professionals Musings

MARCH 21, 2021

Great entrepreneurs, like Bill Gates, are great at both. I can think of several related aspects of starting and running a business where follow-up, or lack of it, can make or break your startup. Here are a few: Business networking. For entrepreneurs, effective networking is required to find investors, partners, and customers.

Technical Review 333

Technical Review Startup Software Review Retention 333

Startup Professionals Musings

OCTOBER 15, 2022

As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. As with most business and personal interactions, first impressions tend to become lasting ones. Others send investors email and business plans in all uppercase or no punctuation.

Intellectual Property 278

Intellectual Property Angel Investor Early Stage Venture Capital 278

Hearpreneur

FEBRUARY 18, 2024

Here are the various ways entrepreneurs and business owners stay motivated in business. #1- Networking with other entrepreneurs and engaging in constant learning also play a significant role in sustaining my motivation. Sharing experiences and insights with peers provides fresh perspectives and new ideas.

Entrepreneur 116

Entrepreneur Jordan Networking AJAX 116

The Startup Magazine

FEBRUARY 19, 2019

Startups with a solid business plan and great pitch deck have a far greater chance of gaining investment. In this essay by one of Mercia’s Fund Principals, Ian Wilson, Ian talks about the sorts of things he and the team are looking for when plans come to them for review. Writing a plan does not need to be a daunting task.

Business Plan 92

Business Plan Technical Review Initial Public Offering Due Diligence 92

Startup Professionals Musings

JANUARY 24, 2021

For the elite startups and entrepreneurs who manage to attract the investor they dream of, and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. In reality, it is nothing more than a final integrity check on all aspects of the business and the team. Traction in the marketplace.

Technical Review 379

Technical Review Due Diligence Term Sheet Bankruptcy 379

Startup Professionals Musings

MARCH 6, 2021

I’m sure all you accountants will agree that fixing the mistakes listed here does not require rocket science, but I’ve seen them so often that to be forewarned is to be forearmed: Failing to factor in fixed costs when pricing. Always use a break-even analysis to measure what volume and price are required to offset total costs.

Technical Review 379

Technical Review Finance Startup Salary 379

Up and Running

AUGUST 28, 2018

If you’re thinking about starting an outpatient medical practice, one of the first things you should do is write a business plan. There are a few different types of business plans , depending on how you intend to use it. There are a few different types of business plans , depending on how you intend to use it.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Startup Professionals Musings

SEPTEMBER 16, 2010

The cost of entry has never been lower. Anyone can be an entrepreneur today, without a huge investment, bank loans, venture capitalists, or angels. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up. The cost for the domain name is maybe $10/year, and the hosting starts around $50/year.

Cost 220

Cost Startup Hosting Bootstrapping 220

NZ Entrepreneur

APRIL 22, 2020

Stepping away from the day-to-day running of a business may seem impossible when business is running as usual, but with this enforced lockdown it is giving owners and managers the chance to not only reflect on their own performance, but look at key areas for business improvement. Launching the plan. Key Areas to Focus On.

Business Plan 52

Business Plan Technical Review Advertising Product 52

Startup Professionals Musings

FEBRUARY 8, 2021

In my experience as an angel investor for new startups, I’m always surprised by how many entrepreneurs are looking for funding without outside advisors. Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost. Bandwidth is a constraint we all feel.

Advisory Board 356

Advisory Board Bandwidth Cofounder Technical Review 356

Startup Professionals Musings

JANUARY 16, 2013

Great entrepreneurs, like Bill Gates, are great at both. I can think of several related aspects of starting and running a business where follow-up, or lack of it, can make or break your startup. Here are a few: Business networking. For entrepreneurs, effective networking is required to find investors, partners, and customers.

Entrepreneur 275

Entrepreneur Technical Review Software Review Retention 275

Startup Professionals Musings

JANUARY 18, 2014

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Success demands testing the solution early and quickly in the market, then iterating to get it right.

Entrepreneur 283

Entrepreneur Startup Angel Investor Technical Review 283

Startup Professionals Musings

JANUARY 13, 2020

As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. As with most business and personal interactions, first impressions tend to become lasting ones. Others send investors email and business plans in all uppercase or no punctuation.

Intellectual Property 316

Intellectual Property Angel Investor Early Stage Venture Capital 316

Startup Professionals Musings

DECEMBER 6, 2014

As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. As with most business and personal interactions, first impressions tend to become lasting ones. Others send investors email and business plans in all uppercase or no punctuation.

Angel Investor 268

Angel Investor Intellectual Property Entrepreneur Early Stage 268

The Startup Magazine

DECEMBER 27, 2023

Startup founders have a seemingly never-ending list of things to do, whether it’s growing sales, hiring new team members, or marketing your latest product. But you can learn from other entrepreneurs’ financial mistakes and avoid making them yourself to save money and focus on your growth right now.

Startup 104

Startup Technical Review Reputation Hiring 104

ReadWriteStart

NOVEMBER 12, 2022

As the global economic situation deteriorates amid the Russian invasion of Ukraine and soaring energy costs, many aspiring entrepreneurs might be tempted to give up and wait for better days. Entrepreneurs — frugal innovation can be a powerful tool for growth. But don’t give up!

Startup 198

Startup Technical Review Ghana Guerilla 198

The Startup Magazine

MARCH 28, 2018

So what to do when you have many other (more important) start-up costs to cover and are unable to afford a web developer? A lot of web development companies offer cost-effective web solutions to help new entrepreneurs build their business website. You can choose between its free, premium, and business plans.

Cost 75

Cost Web Development eCommerce Philippines 75

Startup Professionals Musings

NOVEMBER 28, 2013

I’m sure all you accountants will agree that fixing the mistakes listed here does not require rocket science, but I’ve seen them so often that to be forewarned is to be forearmed: Failing to factor in fixed costs when pricing. Always use a break-even analysis to measure what volume and price are required to offset total costs.

Technical Review 251

Technical Review Entrepreneur Salary Finance 251

Startup Professionals Musings

OCTOBER 3, 2021

The biggest challenge for every entrepreneur and every startup today is to get noticed and remembered in today’s information overload. The number of entrepreneurs worldwide is huge, starting an estimated 50 million new businesses per year, or 137,000 per day. The obstacle or the painful need.

Elevator Pitch 313

Elevator Pitch Technical Review Boston Sales 313

Up and Running

MAY 28, 2015

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. It’s all about making your business life easier, doing what works best, getting the best results by tracking what works and always improving.

Lean 60

Lean Business Plan Video Software Review 60