Startup Professionals Musings

MAY 6, 2023

They don’t realize that business projections with no third-party validation have no credibility with investors, and smart potential investors will walk away. Every good business plan needs an early section which sizes the total market opportunity, and then breaks down that total into the most relevant segments for your focus.

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SBA Venture Capital Business Plan Social Media 300

Startup Professionals Musings

NOVEMBER 27, 2011

See how many of the following “new” Internet concepts you recognize, and can explain in terms of value to your business. If you have heard the lingo, but most of these are not in your startup business plan, you are already in jeopardy as an entrepreneur: Blogging. Do you have a business presence there? Crowdsourcing.

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Up and Running

MAY 10, 2021

The engineers can produce various models in a matter of seconds. Your app may cost you money, but the revenue it generates may justify the budget. You can start by researching your competitors to gain an understanding of cost structure, revenue generation, and the business model for your app. 1-2 months?

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Artificial Inteligence Developer Development Team Review United Kingdom 150

Steve Blank

JULY 28, 2011

Silicon Valley was born in an era of applied experimentation driven by scientists and engineers. From the point of view of scientists and engineers in a university lab, too often entrepreneurship in all its VC-driven glory – income statements, balance sheets, business plans, revenue models, 5-year forecasts, etc.

Engineer 278

Engineer Silicon Valley United States Intellectual Property 278

ReadWriteStart

SEPTEMBER 9, 2022

Optimizing your site for search engines can attract more visitors and improve your chances of conversion. It’s also a good idea to write articles with solid titles and descriptions, as search engines will pick them up. Understanding The Business Model of a B2B Marketplace. Here are a few tips to get you started.

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B2B Developer Technical Review Business Model 131

Steve Blank

FEBRUARY 16, 2010

You would think that would be enough to get wrong, but entrepreneurs and investors compound this problem by assuming that all startups grow and scale by executing the Revenue Plan. All discussion focused on “missing the revenue plan.”. Revenue Plan Needs to Match Market Type. They don’t. What went wrong?

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Revenue Balance Sheet Hockey Stick Burn Rate 230

Startup Professionals Musings

JUNE 5, 2021

In startup business plans, a bubble is too many entrepreneurs and too many investors chasing the latest “next big thing,” like Google search engine, Facebook social network, or Amazon e-commerce site. The focus should always be on execution, revenue, and profits. Overconfidence.

Demand 362

Demand Government Venture Capital Valuation 362

Steve Blank

MARCH 8, 2011

We were positing that 20 years of teaching “how to write a business plan” might be obsolete. Startups, are not about executing a plan where the product, customers, channel are known. Startups are in fact only temporary organizations, organized to search –not execute–for a scalable and repeatable business model.

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Lean Business Model Customer Development Guinea 298

YoungUpstarts

AUGUST 6, 2012

Students will even receive a minor in entrepreneurship as they develop their own business plans. At Boston University, there’s an incredible array on business incubation opportunities. Engineering Translational Technology Center. Engineering Translational Technology Center. Syracuse Student Sandbox.

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Incubator New York City Boston Intellectual Property 187

Startup Professionals Musings

JUNE 25, 2012

Just don’t quit your day job before your new company is producing revenue. Exchanging equity for services is worth negotiating with legal counsel, accountants, engineers, and even sales people. Your funding strategy is a key part of every business plan, so don’t hesitate to check out the real alternatives.

Technical Review 257

Technical Review Bootstrapping Venture Capital Incubator 257

Steve Blank

APRIL 28, 2011

This week they were testing their hypotheses about Revenue Models: what are customers really willing to pay for? Are you generating transactional or recurring revenues? The team looked at the potential revenue and concluded that the outlook for this business with this customer segment was dismal. The Nine Teams Present.

Revenue 213

Revenue West Virginia Oklahoma Oklahoma City 213

Steve Blank

MAY 6, 2015

Founders assumed they understood customer problems/needs, wrote engineering requirements documents, designed the product, implemented /built the hardware/software, verified that it worked by testing it, and then introduced the product to customers in a formal coming out called first customer ship. customer relationships to create demand.

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Lean Agile Business Model Customer Development 120

Startup Professionals Musings

MARCH 16, 2011

Just don’t quit your day job before your new company is producing revenue. Exchanging equity for services is worth negotiating with legal counsel, accountants, engineers, and even sales people. Your funding strategy is a key part of every business plan, so don’t hesitate to check out the real alternatives.

Technical Review 233

Technical Review Bootstrapping Startup Venture Capital 233

The Startup Magazine

OCTOBER 18, 2023

This research will be your compass, guiding you towards identifying market gaps that your business can strategically fill, and assisting you in determining your precise target audience. Moreover, create a detailed business plan that meticulously outlines your business goals, financial projections, marketing strategies, and operational plans.

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Australia Demand Framework Operations 138

A Smart Bear: Startups and Marketing for Geeks

DECEMBER 21, 2009

In the last post I beat you to death about ditching your business plan but failed to provide an alternative. For example, I'm an engineer, so my first answer to "Why don't you have more customers?" If you had zero revenue from now on, on what date would you run out of money? Cartoon by Andertoons. Cartoon by Andertoons.

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The Startup Magazine

JUNE 6, 2021

Come Up with a Business Plan. Creating a business plan shouldn’t be something way too time-consuming. It should be a clear, concise, and accurate representation of your vital business aspects and goals. Promote Your Business. This promotion stage is crucial for your business success. Conclusion.

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Social Media Audience Affiliate Startup 173

Steve Blank

APRIL 4, 2011

The Business Model Canvas is a great way to diagram it out. Each side of a market has it’s own Value Proposition, Customer Segment and Revenue Model.) And as engineers they believed weed versus crop recognition, while hard, was doable. Agora was in a classic two-sided market (having both buyers and sellers.

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Customer Business Model Nebraska Cloud 234

Steve Blank

OCTOBER 13, 2016

Companies are great at improving their existing business model and value propositions, but fall short when it comes to inventing entirely new business models, value propositions, and growth engines. Bad Habit #3: Insisting on untested and detailed business plans. Don’t ask innovators for business plans.

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Non-Compete Agile Business Model San Francisco 329

SoCal CTO

NOVEMBER 1, 2010

You should avoid spending your time here and instead focus on finding a way to generate revenue or to attract investors so that you can afford to hire someone. What sweat equity is not good for is for people who you don’t know at all.

Technical Cofounder 241

Technical Cofounder CTO Hire Equity Sweat Equity 241

The Next Web

DECEMBER 30, 2012

Diversifying revenue streams at Wave. Wave is monetizing in a few different ways, but our core value proposition has always been based on a 100 percent free accounting application for small businesses with an offer-based revenue model. We sell online advertising services, so where we would derive revenue was always clear.

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Business Model Technical Review Advertising B2C 133

Gust

JUNE 17, 2012

Just don’t quit your day job before your new company is producing revenue. Exchanging equity for services is worth negotiating with legal counsel, accountants, engineers, and even sales people. Your funding strategy is a key part of every business plan, so don’t hesitate to check out the real alternatives.

Technical Review 164

Technical Review Bootstrapping Venture Capital Incubator 164

Startup Professionals Musings

SEPTEMBER 15, 2018

They don’t realize that business projections with no third-party validation have no credibility with investors, and smart potential investors will walk away. Every good business plan needs an early section which sizes the total market opportunity, and then breaks down that total into the most relevant segments for your focus.

Marketing 219

Marketing SBA Venture Capital Business Plan 219

YoungUpstarts

JUNE 18, 2020

Starting a company requires significant investment, so you must take steps to drive growth and achieve your long-term business goals. Marketing should be a key component of any business plan. Effective marketing campaigns will help you build brand awareness, increase sales, and boost your bottom line.

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Marketing Social Media Startup PPC 165

A Smart Bear: Startups and Marketing for Geeks

JANUARY 7, 2014

Today you have a business plan, featuring a plausible growth trajectory (neither too conservative nor too optimistic), and an associated cost structure to drive signups and service customers. Costs arise ahead of associated revenue, especially for SaaS companies, so you need a cash investment to fund that growth.

Revenue 270

Revenue Finance Equity Engineer 270

Startup Professionals Musings

MARCH 1, 2010

Just don’t quit your day job before your new company is producing revenue. Exchanging equity for services is worth negotiating with legal counsel, accountants, engineers, and even sales people. Your funding strategy is a key part of every business plan, so don’t forget to check out all the alternatives.

Technical Review 149

Technical Review Bootstrapping Startup Venture Capital 149

David Teten

JANUARY 21, 2021

This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. II: Who are the major Revenue-Based Investing VCs? III: Why are Revenue-Based VCs investing in so many women and underrepresented founders? IV: Should your new VC fund use Revenue-Based Investing?

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Equity Revenue Cofounder Colorado 78

Steve Blank

AUGUST 31, 2009

Yet startup companies have traditionally used this model to manage and pace not only engineering but also non-engineering activities. In the next few posts that follow, I’ll describe more specifically how this model distorts startup sales, marketing and business development. release of the product.

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Customer Development Developer Customer Silicon Valley 238

Women Entrepreneurs Can

APRIL 17, 2019

Have you ever wondered what makes one engineering firm more successful than another? As a growing engineering firm, these are the questions you are asking yourself, but the answer might not be what it seems. That want an engineering firm that is different, and different definitely means better. Here is why.

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Engineer Restful Revenue Reputation 40

ReadWriteStart

DECEMBER 10, 2012

That’s the clear message from Dave Lavinsky advocates in his new book Start at the End: How Companies Can Grow Bigger and Faster by Reversing Their Business Plan. In other words, if you want to sell your business, how much do you want to sell it for? $40 40 million? that will get you there?

Engineer 60

Engineer Startup Cofounder Business Model 60

Steve Blank

NOVEMBER 18, 2010

For decades startups were managed by pretending the company would follow a predictable path (revenue plan, scale, etc.) The Revenue Plan – The Third Fatal Assumption. Notice that the traditional product introduction model leads to a product launch and the execution of a revenue plan. Albert Einstein.

Burn Rate 247

Burn Rate Management Business Model Customer Development 247

The Next Web

SEPTEMBER 22, 2013

While you are working away on your business plan, looking for ways to raise capital, finding the right people to hire, etc., What’s more it also required a large team of smart engineers that had experience in programming cross-platform software. Figure out what your milestones are – customers, pageviews, revenue, etc. –

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Cofounder Founder Startup Bootstrapping 164

Duct Tape Marketing

APRIL 4, 2013

Start by asking yourself these questions: Is there room in the market for one more business and if so, does the market want specifically what you are offering? Avoid proceeding without a business plan. Because I used my own, I did not see the need to create a plan, but I was completely wrong. Small Business Vitra Singh'

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San Francisco HTML Flash Forecast 69

Up and Running

JUNE 1, 2016

Between 2008 and 2014, industry revenue increased at an annual rate of 12.4 While momentum has slowed slightly, food trucks continue to be a profitable restaurant business model. Check out our guide on how to open a successful food truck, as well as our library of free sample business plans. That’s okay!

Revenue 60

Revenue Portland Oregon Social Media 60

crowdSPRING Blog

DECEMBER 7, 2012

Business Plans Are an Historic Artifact | WSJ – [link]. Business Plans Are an Historic Artifact | WSJ – [link]. Just 25 Developers Grabbed 50% Of App Revenues On U.S. How Facebook’s Top Engineer Is Trying to Read Your Mind | Wired – [link]. How to Get Startup Ideas - [link].

Social Media 104

Social Media Small Business Design Media 104

Growthink Blog

DECEMBER 20, 2017

But to acquire more of these in 2018, first we must build the kinds of “softer” assets that power and fuel our business’ cash-generating engines. Permacity completed the world's largest solar rooftop project and increased revenue by over 35%. Of those ultimate and most important assets, cash and marketable securities.

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Balance Sheet Malaysia Indonesia Finance 48

Startup Professionals Musings

AUGUST 22, 2014

They don’t realize that business projections with no third-party validation have no credibility with investors. Every good business plan needs an early section that sizes the total market opportunity, and then breaks down that total into the most relevant segments for your focus. Conduct your own customized market research.

Entrepreneur 244

Entrepreneur Marketing SBA Venture Capital 244

Steve Blank

MAY 14, 2012

Traditionally, engineering, sales, and marketing have all focused on the immovable launch date. Therefore, focusing on execution and delivering a product or service based on those initial, untested hypotheses is a going-out-of-business strategy. Writing a business plan that doesn’t allow for trial and error.

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Balance Sheet Business Model Customer Development Metrics 335