Startup Professionals Musings

JUNE 14, 2013

On a regular basis, I am approached by entrepreneurs who assert that business plans are a waste of time. They cite sources like a recent BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this NY Times article. With bootstrapping, no business plan is expected by anyone.

Business Plan 250

Business Plan Technical Review Entrepreneur Angel Investor 250

YoungUpstarts

SEPTEMBER 19, 2017

by Bob Adams, serial entrepreneur and founder of BusinessTown.com. You might be thinking that a business plan doesn’t make any sense for your small new enterprise. After all you are not planning on trying to get even a bank loan, let alone venture capital. Then project your income and costs after the business gets going.

Business Plan 173

Business Plan Startup Venture Capital Differentiation 173

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. This way, you can lay the foundation for a successful business launch. Startup Ideas. Web Design Company.

Technical Review 113

Technical Review Software Review Application Development Entrepreneur 113

ReadWriteStart

JUNE 1, 2020

I have often been asked about Startup Funding by entrepreneurs. Many myths surround the subject of startup funding. 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.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Up and Running

NOVEMBER 17, 2020

As such, it’s key that your remote team and working environment are now included as part of your business plan. In this article, we’ll be taking a look at whether or not you need a business plan and how to incorporate every aspect of remote working into it. First, do you need a business plan?

Business Plan 138

Business Plan Startup Cloud Framework 138

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. Fundraising through online platforms and crowdfunding.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

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. Too many entrepreneurs try to talk their way through all of these. Time management.

Technical Review 333

Technical Review Startup Software Review Retention 333

Startup Professionals Musings

NOVEMBER 7, 2014

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans are a waste of time. They cite sources like the BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this Forbes article.

Business Plan 274

Business Plan Technical Review Angel Investor Due Diligence 274

Startup Professionals Musings

AUGUST 9, 2020

I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a co-founder or two. You need to find the skills or experience you don’t have in business, technology, or money. The value in a startup is all about tangible results, so I see no equity value in the idea alone.

Cofounder 435

Cofounder Technical Cofounder Equity Intellectual Property 435

Up and Running

SEPTEMBER 19, 2018

Write your business plan and develop your business model with this in mind so you can avoid these issues. . You can choose from a few different types of business plans depending on your needs. If you’re seeking investment, you need a traditional business plan. Financial plan. Be specific.

Business Plan 154

Business Plan Technical Review Forecast Exit Strategy 154

Startup Professionals Musings

MARCH 18, 2023

It seems like every entrepreneur I meet these days is quick to proclaim themselves a visionary, expecting that will give more credibility to their startup idea, and improve their odds with investors. In reality, I’m one of the majority of investors who believe that startup success is more about the execution than the idea.

Partner 206

Partner Cofounder Startup Bandwidth 206

The Startup Magazine

MARCH 7, 2024

From identifying your audience to understanding the market and mapping out your finances, entrepreneurs have found they have a lot to do before building a successful venture. But luckily, gone are the days when entrepreneurs have to spend countless hours on these beginning steps.

Artificial Inteligence 118

Artificial Inteligence Entrepreneur Algorithm Cofounder 118

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

Startup Professionals Musings

MARCH 6, 2021

Many startups fail before reaching that magic “cash-flow positive” position they have been striving for, despite seemingly reasonable financial projections. A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. A startup must ensure that the payments are collected per agreed terms.

Technical Review 379

Technical Review Finance Startup Salary 379

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

Up and Running

MARCH 8, 2022

Writing a business plan doesn’t have to be a daunting process that takes weeks or months. As an entrepreneur, you don’t have that kind of time. Writing a plan just takes a little bit of preparation and a methodology that will guide you through the process, step-by-step. Can you really write a business plan in a day?

Business Plan 105

Business Plan Forecast Software Review Widget 105

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

JUNE 20, 2016

Thus the top priority of every entrepreneur who wants funding should be to build and highlight their “dream team” of co-founders, executives and advisers, to attract the biggest and best investors. Solo entrepreneurs rarely find an investor. Investors talk to each other and they love warm introductions to up-and-coming entrepreneurs.

Sweat Equity 152

Sweat Equity Entrepreneur Elevator Pitch Software Review 152

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.

Technical Review 296

Technical Review Due Diligence Term Sheet Bankruptcy 296

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. I found their five phases of the process to be compelling, based on my own years of experience mentoring startups: Nail the pain.

Entrepreneur 283

Entrepreneur Startup Angel Investor Technical Review 283

Startup Professionals Musings

SEPTEMBER 7, 2020

If you aren’t willing to take some risk as an entrepreneur, then don’t expect any gain. Yet everyone has limits, and every investor implicitly has similar limits on what makes a startup investable, or one to avoid at all costs. A strong team has one or more executives who have run a startup before in the current business domain.

New York City 315

New York City Silicon Valley Startup Bootstrapping 315

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. It is true that founding a startup in times of crisis may look more challenging. Look for new ways to drive growth for your startup.

Startup 198

Startup Technical Review Ghana Guerilla 198

ReadWriteStart

MAY 24, 2023

Some of the newest software startups first launch on ProductHunt before anywhere else. Rating for an app: 10/10 Rating for software: 10/10 Rating for technology other than app or software: 8/10 #2: KillerStartups KillerStartups aims to help them both by reviewing up-and-coming internet startups right on the spot, right at their birth.

Technical Review 126

Technical Review Software Review Startup Artificial Inteligence 126

Steve Blank

MAY 17, 2010

Last week one of the schools I teach at invited me to judge a business plan contest. I suggested that they first might want to read my post on why business plans are a poor planning and execution tool for startups. At best I think business plan competitions are a waste of time.

Business Plan 312

Business Plan Business Model Customer Development Deal Flow 312

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

The Startup Magazine

APRIL 14, 2021

The life of the entrepreneur is defined by big goals. The defining fact of entrepreneurship is that execution is everything for a startup launch. Turning an idea into a profitable and growing business is the most challenging aspect of entrepreneurship. of small businesses survive past their first year. Only 78.5%

LLC 131

LLC Startup Business Plan Security 131

Startup Professionals Musings

MAY 15, 2019

Steve Blank via Flickr by jdlasica 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. Great businesses begin with a customer problem that has a big and monetizable pain point.

Startup 245

Startup Angel Investor Technical Review Incubator 245

YoungUpstarts

MAY 18, 2020

Startups are thriving in the medical sector, given the advances in medical treatments and technology. Even with elective procedures, like cosmetic surgery, there are endless fresh opportunities for entrepreneurs to develop novel business ideas for medical products, solutions, and services. Research the Market.

Startup 246

Startup Technical Review Operations Business Plan 246

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. I found their five phases of the process to be compelling, based on my own years of experience mentoring startups: Nail the pain.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

YoungUpstarts

JANUARY 19, 2019

Launching a startup is not easy – at any phase. It is not rare for entrepreneurs to buckle under the pressure and start to make poor decisions, some of which set their plans back or critically hurt the company’s potential. There is not some magic solution to obtaining small startup success.

Startup 225

Startup Web Development Operations Business Plan 225

Startup Professionals Musings

FEBRUARY 5, 2023

According to most definitions, an entrepreneur is one who envisions a new and different business, meaning one that is not a copy of an existing business model. Many entrepreneurs have a passion and an idea, or even invent a new product, but are never able to execute to the point of creating a startup.

Matching 270

Matching Entrepreneur Startup Seed Stage 270

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

Startup Professionals Musings

SEPTEMBER 24, 2014

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Others will work hard on a business plan, and then mail it indiscriminately to every potential investor they can find on the Internet.

Technical Review 299

Technical Review Entrepreneur Business Plan Angel Investor 299

The Startup Magazine

MARCH 14, 2022

India has always been renowned as the land of entrepreneurs. Profitably managing and owning businesses with all the inherent risks have always defined the Indian entrepreneurial spirit. And with the technology available these days, it is convenient to invest in emerging startups. The digital startup craze. Education tech.

Technical Review 144

Technical Review Due Diligence India Startup 144

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 93

Business Plan Technical Review Initial Public Offering Due Diligence 93

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. These are also important for your product positioning in the competitor section of your business plan.

Business Plan 393

Business Plan Marketing SBA Venture Capital 393

Up and Running

AUGUST 30, 2021

The outdoor industry wasn’t helping itself, so he did what all entrepreneurs do: start a business to solve the problem. It’s difficult to be an entrepreneur — whether you’re a recent college graduate or have managed multiple companies. It’s why the average age of an entrepreneur is 42 years old. Solve the rest later.

Entrepreneur 132

Entrepreneur Lean Colorado Engineer 132