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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.

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Technical Review: A Trusted Look Under the Hood

TechEmpower

Your reasons for needing a technical review will depend on your business goals. Are you preparing to expand, take your business in a new direction, or take on new partners? Even if you’re happy with your tech team, a review can ensure your business is in a good place before you take your next big step. Why TechEmpower?

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Human Engineering and Emotional Intelligence for Startups

VC Cafe

human engineering VC Cafe Photo credit: By imaginedhorizons (Flickr). ” Question: What is Human Engineering? 3) Motivate yourself and your team – no one is going to lay out your strategy and plan for you. Set BHAGs ( Big Hairy Audacious Goals ) based upon your strengths and your business plan.

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I-Corps @ NIH – Pivoting the Curriculum

Steve Blank

. — 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. The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses.

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3 Elements Of Business Planning Drive Future Success

Startup Professionals Musings

Van Den Berg and Pietersma point out that strategic planning no longer works as a static event that occurs once a year. What drives the economic engine? It is about identifying a core competence which others cannot match. It is essential to keep this financial pillar in view.

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The Lean LaunchPad Class: It’s the same, but different

Steve Blank

It’s hard to imagine, but only a decade ago, the capstone entrepreneurship class in most universities was how to write – or pitch- a business plan. In my experience, I saw that most business plans don’t survive first contact with customers. As a serial entrepreneur turned educator, this didn’t make sense to me.

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

Up and Running

Go lean with your planning. Finally, in startup culture, few care about your 40-page business plan they made you create in business school. Chances are that by the time it’s done printing, it could be outdated with a new idea or new information you have about your business. That’s the tricky part.