Startup Professionals Musings

OCTOBER 3, 2016

Investors look for entrepreneurs who surround themselves with a smart and experienced team, and use the power of the team to convert the idea to a business. Sets goals and milestones, with metrics to track progress. They define metrics for each goal, and diligently track themselves against these metrics.

Entrepreneur 266

Entrepreneur Technical Review Metrics Restful 266

Up and Running

MAY 30, 2022

One of the most important things you can do to increase your chances of success is to have a business plan. From attracting potential investors to keeping your business on track—a business plan helps you to achieve important milestones and grow in the right direction. And it’s not just for startups.

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Business Plan Balance Sheet Revenue Metrics 150

Up and Running

SEPTEMBER 29, 2022

Just be sure that you have a backup plan if your business idea fails to gain traction. This could be something simple like being prepared to seek out short-term employment or reexamining your business structure and trying again. Prepare a business plan. Recommended Reading: How to Write a Business Plan in 7 Steps.

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Forecast Software Review Bootstrapping Finance 154

Up and Running

JULY 31, 2015

This week Peter and Jonathan talk to Tim Berry, founder of Palo Alto Software, about lean business planning, strategy, tactics, specifics (milestones), and the forecast. Lean Business Planning by Tim Berry – (31:21). Preorder on Amazon.com – Lean Business Planning: Get What You Want From Your Business.

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Lean Business Plan Forecast Software Review 60

Up and Running

OCTOBER 12, 2017

Do you have a plan? When Corcoran suggests you need to “…have a complete understanding of your company’s…prospects,” she’s alluding to a business plan and the potential your business has for future growth. What’s more, a formal plan doesn’t necessarily mean cumbersome. Do you regularly review your plan?

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Metrics Software Review Forecast Small Business 128

Startup Professionals Musings

MAY 30, 2022

Very few startups are cash-rich enough to self-finance aggressive second-stage growth. They need a large infusion from venture capitalists, private equity, bank loans, or mezzanine financing. Of course, that means a new level of risk, giving up some control, and a new business plan. There is no free lunch.

Mezzanine 368

Mezzanine Private Equity Bandwidth Metrics 368

Startup Professionals Musings

NOVEMBER 28, 2013

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. A required metric is average days to payment compared to expectations. A budget is the financial plan and road map to get you from your business plan to profitability. Not having a budget.

Technical Review 251

Technical Review Entrepreneur Salary Finance 251

Startup Professionals Musings

OCTOBER 20, 2012

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. A required metric is average days to payment compared to expected. A budget is the financial plan and road map to get you from your business plan to profitability. Not having a budget.

Technical Review 273

Technical Review Startup Finance Cost 273

Up and Running

OCTOBER 30, 2017

If you will be seeking outside financing, a business plan is a necessity. But, even if you are going to finance the venture yourself, a business plan will help you figure out how much money you will need to get started, what it will take to make your business profitable, what needs to get done when, and where you are headed.

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Venture Capital Business Plan Limited Liability Company Finance 166

Up and Running

JULY 5, 2016

By measuring various metrics like business survival rate, the prevalence of investors, and labor cost, they were able to determine which cities offer the best outlook for new ventures. If, after reading, you find yourself inspired and ready to start the business planning process, be sure to check out our business planning guide!

St. Louis 105

St. Louis Oklahoma City Oklahoma Tulsa 105

Up and Running

SEPTEMBER 6, 2016

Follow their expert advice to ensure that your first year in business is as successful as possible. Business planning. If you thought the business planning process ended with the launch of your business, think again. See Also: Introducing Lean Planning: How to Plan Less and Grow Faster.

Forecast 60

Forecast Software Review Lean Finance 60

Up and Running

JULY 8, 2014

Nonprofit organizations share many overlapping needs with traditional for-profit ventures, including the need for a good business plan. At some point in the process of starting or managing your nonprofit, you will probably realize that you need a business plan. Write for your business purpose. Who will read it?

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Business Plan Non-Compete Forecast Programming 127

Up and Running

JANUARY 16, 2013

Our thanks to Small Business Trends and the Young Entrepreneur Council 10 Reasons Why You Should Write A Business Plan. the fact is that a business plan — even just a one-pager with a few financial projections — can be a valuable internal tool. This is a very good list. The top-level summary: . Organization.

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Business Plan LLC Forecast Early Stage 96

Up and Running

JUNE 18, 2013

We’ll be using LivePlan to display these metrics. LivePlan’s cloud-based Scoreboard feature enables you to track your finances on the go. Comparing last month’s actuals to the projections in your business plan will generate valuable discussion for your executive team. . You can take LivePlan for a spin here.).

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Metrics Burn Rate .Net Finance 79

Startup Professionals Musings

SEPTEMBER 1, 2019

Very few startups are cash-rich enough to self-finance aggressive second-stage growth. They need a large infusion from venture capitalists, private equity, bank loans, or mezzanine financing. Of course, that means a new level of risk, giving up some control, and a new business plan. There is no free lunch.

Mezzanine 244

Mezzanine Private Equity Startup Bandwidth 244

SoCal CTO

APRIL 8, 2010

How do the sample Series Seed financing documents differ from typical Series A financing documents? Startup Company Lawyer , March 14, 2010 After the recent announcement of the Series Seed Financing documents by Marc Andreesen, Brad Feld points out that there are now four sets of “open source” equity seed financing documents.

Software Review 150

Software Review Startup PR Exit Strategy 150

Steve Blank

MARCH 4, 2014

But now, as the business model is repeatable and scalable, most employees take the business model as a given, and instead focus on the execution of the model – what is it they are supposed to do every day when they come to work. They measure their success on metrics that reflect success in execution, and they reward execution.

IRR 335

IRR Startup Business Model Agile 335

Up and Running

MAY 7, 2015

What’s the value of a business plan? How do you build decisions and action into your business plan? What makes a business plan more than just strategy and wishful thinking? Getting results from a business plan takes setting specific goals and tracking progress. What were the specific metrics?

Business Plan 60

Business Plan Metrics Sales Finance 60

OnlyOnce

JULY 9, 2013

The book is part of the Startup Revolution series that Brad has been working on for a couple years now, including Do More (Even) Faster , Venture Deals , Startup Communities , and Startup Life (with two more to come, Startup Boards and Startup Metrics). Chapter 3: Telling the Story to Your Investors…The Business Plan is Dead.

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Startup Advisory Board Elevator Pitch Forecast 95

Up and Running

SEPTEMBER 3, 2015

Market research does not have to be a part of the business planning process. We seem to be furthering the misconception that market research is supposed to be part of a business plan. That limits the applicability of business planning to a subset of those who need it. Create a marketing and sales plan.

Elevator Pitch 60

Elevator Pitch Startup Balance Sheet Forecast 60

YoungUpstarts

DECEMBER 14, 2017

Jill saw risks on both sides, but knew that whatever path forward the company chose, gaining the full commitment of her team — the leaders of sales, marketing, manufacturing, finance, human resources, and legal — was crucial for success. So, what happens next? Set clear objectives.

Agile 113

Agile Malaysia Technical Review Metrics 113

Hearpreneur

JANUARY 4, 2019

Generally, when we talk about our goals with regard to our business, the first thing that springs forward to most thinking is all about dollars and cents. I too have my business plan mapped out with goals of transactions, dollars and cents. 19- Metric accountability. 18- Improve engagement with my employees.

Entrepreneur 124

Entrepreneur Social Media Vertical SEO 124

Up and Running

APRIL 2, 2015

I was really disappointed when I needed my company’s first commercial bank loan to finance receivables of more than $1 million—from well-known distributors no less—and we ended up having to sign a lien on our family home to get the loan. Business plan. See Also Small Business Owners, Start Tracking Your Financial Metrics.

Balance Sheet 60

Balance Sheet SBA Covenant Technical Review 60

Up and Running

NOVEMBER 22, 2017

I learned this painful reality firsthand in one of my early businesses producing New York City theater. I was so focused on creating great art, I barely gave thought to a business plan. Manage your finances and fuel your purpose. It keeps your business going. My product was good, but customers struggled to buy it.

Startup 111

Startup New York City Community Software Review 111

Both Sides of the Table

JULY 21, 2014

We’ve had an explosion of alternate sources of financing from crowd-sourcing, angels, accelerators, incubators, corporates, corporate incubators. Consumers buying through smart phones, travelers using the new, shared economy and businesses replacing old software with modern cloud-based solutions.

Marketing 354

Marketing Incubator Turkey Metrics 354

Growthink Blog

AUGUST 19, 2015

and how now the most successful teams are managed not by pep talks and gut but by and through data and metrics. Building on this long-term attention to detail and metrics, last year the Spurs became the winningest team in NBA history (to go along with their five league championships in 16 years). Some examples: FIFA.

Metrics 48

Metrics San Antonio Oakland Harvest 48

Startup Professionals Musings

SEPTEMBER 13, 2017

Very few startups are cash-rich enough to self-finance aggressive second-stage growth. They need a large infusion from venture capitalists, private equity, bank loans, or mezzanine financing. Of course, that means a new level of risk, giving up some control, and a new business plan. There is no free lunch.

Mezzanine 141

Mezzanine Private Equity Startup Bandwidth 141

Up and Running

APRIL 4, 2022

Analyze what you need to run your business, and what the gaps are in your own abilities. Then, all you need is an internet connection to start searching for small business resources. You can also use free trials for paid business tools. You can create a website for your product/service and check website metrics.

Social Media 156

Social Media SBA Media Metrics 156

Startup Professionals Musings

NOVEMBER 3, 2013

Very few startups are cash-rich enough to self-finance aggressive second-stage growth. They need a large infusion from venture capitalists, private equity, bank loans, or mezzanine financing. Of course, that means a new level of risk, giving up some control, and a new business plan. There is no free lunch.

Mezzanine 240

Mezzanine Private Equity Bandwidth Metrics 240

Steve Blank

JUNE 1, 2011

3) An experienced board brings an extensive network of customers, partners, help in recruiting, follow-on financing, etc. The Wrong Metrics. Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. Not Real-time.

Silicon Valley 297

Silicon Valley Business Model Venture Capital Balance Sheet 297

YoungUpstarts

SEPTEMBER 29, 2016

And according to some metrics, 2015 ended with 2.5% These metrics indicate slow but steady growth through 2016. Making a Business Plan. From your goals, mission, and vision, your business plan is usually a test of how strategic and realistic your goals are.

Metrics 100

Metrics Forecast Operations Business Plan 100

The Startup Magazine

APRIL 1, 2018

This is where metrics are particularly useful in quantifying the magnitude of the opportunity. What you need to do in this short period is demonstrate that you understand the marketplace, explain why you think an opportunity exists for your product and show you have set up the right team and processes to deliver the product to the market.

Startup 97

Startup Portfolio Software Review Technical Review 97

Steve Blank

JUNE 1, 2011

3) An experienced board brings an extensive network of customers, partners, help in recruiting, follow-on financing, etc. The Wrong Metrics. Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. Not Real-time.

Silicon Valley 270

Silicon Valley Business Model Venture Capital Balance Sheet 270

Up and Running

MAY 30, 2016

Additional resources to help you choose a location: How to Choose a Business Location. 13 Out of the Ordinary Ways to Find the Perfect Business Location. Step 2: Consider your startup financing. If these costs are not factored into the startup financing, you can find yourself in an operational bind before you know it.

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SBA United States Hiring Detroit 60

Up and Running

JULY 31, 2014

Here’s some other metrics that you can look at. What’s the average they need to purchase for you to be profitable, and when a business owner doesn’t know that, it shocks me. So here’s just some other metrics. They’re not by any means all metrics for all businesses. There is a cash receivable financing.

Software Review 74

Software Review Sales Acquisition Small Business 74

Women Entrepreneurs Can

MARCH 29, 2023

The tried-and-tested methods below offer useful recommendations for businesses of all kinds and should form an excellent starting point for tackling any upcoming projects or goals. Customers expect to get the best quality from businesses, so only working with the finest resources available should be considered.

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Audience Metrics Networking Finance 52

Steve Blank

JANUARY 25, 2010

A business model describes how your company creates, delivers and captures value. Or in English: A business model describes how your company makes money. (Or Or depending on your metrics for success, get users, grow traffic, etc.). How do we finance the company, etc. Business Plan Versus Business Model.

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Agile Startup Silicon Valley Business Model 335