Remove Business Plan Remove Intellectual Property Remove Partner Remove Revenue
article thumbnail

8 New Business Keys To Success For Real Entrepreneurs

Startup Professionals Musings

He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Incorporating a business entity early through online services.

article thumbnail

8 Tips For Getting Your Startup Right The First Time

Startup Professionals Musings

He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Incorporating a business entity early through online services.

Insiders

Sign Up for our Newsletter

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

article thumbnail

I-Corps @ NIH – Pivoting the Curriculum

Steve Blank

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. — 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.

article thumbnail

Corporate Acquisitions of Startups: Why Do They Fail?

Steve Blank

Companies manage these three types of innovation with an innovation portfolio – they build innovation internally, they buy it or they partner with resources outside their company. If they decide to buy, large companies can: license/acquire intellectual property. buy out an entire company for its revenue and profits.

article thumbnail

10 Entrepreneur Milestones That Make Funding Easy

Startup Professionals Musings

Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. It’s hard to build a business without a plan, just like it’s hard to build a house without a blueprint. A great business often starts with one person, but it doesn’t end there.

article thumbnail

8 Steps To Starting A New Venture With Limited Funds

Startup Professionals Musings

These days you can create a C-corp or LLC online quickly at a low cost, to serve you well in signing partners, intellectual property, investors, and revenue. Prepare a pitch deck to document and share your plan. A full business plan and financial modelling can come later to add details.

article thumbnail

10 Keys to Startup Traction That Investors Look For

Startup Professionals Musings

Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. It’s hard to build a business without a plan, just like it’s hard to build a house without a blueprint. A great business often starts with one person, but it doesn’t end there.