article thumbnail

Are Business Plans Still Necessary?

Both Sides of the Table

In an era of “launch and learn&# is there a need for a business plan? I have seen really great product people espouse the death of the business plan. So, definition: when I talk about a business plan I’m not talking about a 40-page Word document outlining your market approach.

article thumbnail

5 Profitable Tech Startup Ideas For Entrepreneurs In 2021

The Startup Magazine

Once you have obtained the proper resources, you should establish your business plan and decide which services you are going to offer. Then, you can hire professionals according to your company needs. Definitely, a web design company is a profitable business opportunity this year. Tech Education Platform.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Lean Business Planning with Tim Berry [VIDEO]

Up and Running

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
article thumbnail

4 Things I’ve Learned As An Entrepreneur Right Out Of College

Up and Running

It can be a small and nimble startup like Origin, or a company with 50 employees and hiring more every quarter. Go lean with your planning. Finally, in startup culture, few care about your 40-page business plan they made you create in business school. That’s the tricky part. You don’t have to be good at everything.

article thumbnail

Essential Skills for Building a Successful Startup

The Startup Magazine

Financial planning, forecasting, and budgeting are all necessary components of financial analysis, and understanding these aspects can give you a better overview of the state of your business. Once your startup begins to grow, you might want to hire a professional with more experience in finances to focus on this part of your business.

Startup 109
article thumbnail

6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

Each of the businesses listed below had help from the SBA and overcame their challenges to become success stories. You might see your own business reflected in these case studies — which may provide insights into areas of growth for your business. TRISTAR — Engineering its own success.

Columbus 134
article thumbnail

Nokia as “He Who Must Not Be Named” and the Helsinki Spring

Steve Blank

I was invited to Finland as part of Stanford’s Engineering Technology Venture Program partnership with Aalto University. They’ve stopped hiring the best talent, and startups are not looking so risky compared to large companies. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital.

Finland 324