Startup Professionals Musings

MAY 18, 2020

According to Investopedia , over 90 percent of successful businesses currently start this way. With one of the many new tools , and a dose of sweat equity, you can create a website for almost nothing -- and you are on your way to success with ecommerce, your latest invention or personal services.

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Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

Startup Professionals Musings

AUGUST 13, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Funding requirements. Include a current valuation estimate.

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Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Startup Professionals Musings

AUGUST 31, 2012

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. If you have a product description, that’s necessary, but not sufficient.

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Intellectual Property Sweat Equity CTO Hire Fractional CTO 260

Startup Professionals Musings

MAY 13, 2011

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Funding requirements. Include a current valuation estimate.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Startup Professionals Musings

JUNE 17, 2011

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. If you have a product description, that’s necessary, but not sufficient.

Intellectual Property 253

Intellectual Property Sweat Equity CTO Hire Fractional CTO 253

Up and Running

NOVEMBER 20, 2018

You may tell yourself you’re “too busy” tending to outside obligations or allow yourself to get bogged down in other details of ongoing business planning. Use tools that can help you manage the challenging aspects of your business. If you have a business idea, write a quick business plan—a Lean Plan.

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Sweat Equity Startup Lean Italy 93

Gust

AUGUST 5, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Funding requirements. Include a current valuation estimate.

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Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Startup Professionals Musings

MAY 22, 2010

Here are some tips which will signal traction to investors, as well as 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. If you have a product description, that’s necessary, but not sufficient. Show personal investment.

Intellectual Property 222

Intellectual Property Sweat Equity CTO Hire Fractional CTO 222

YoungUpstarts

SEPTEMBER 23, 2017

So as to plan efficiently, you need to spend a significant amount of time on research, including places where you could get free resources to build your business. The resources would help you to craft everything, from a proper business plan and legal structure, to agreements and basic operational processes.

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Startup Professionals Musings

APRIL 22, 2010

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Funding requirements. Include a current valuation estimate.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

discuss.joelonsoftware.com

NOVEMBER 1, 2010

where I can learn about how to build a sweat equity team? Right now, my business is just myself and a part-time employee who does support, testing, and product usability design. I intend to rewrite my internal 50-page business plan into an investors proposal. Rather, it is a proposal for sweat-equity investors.

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Startup Professionals Musings

FEBRUARY 13, 2016

As a startup advisor and investor, I recommend a pitch deck with about 10 slides backed up with a written business plan of approximately 20 pages, both containing quantified answers to the following key questions. What is the business problem you are solving? Quantify founder investments, both cash and sweat-equity.

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Startup Professionals Musings

APRIL 6, 2016

According to many experts , over 90 percent of successful businesses currently start this way. With one of the new free tools and a dose of sweat equity, you can create a website for almost nothing -- and you are on your way to success with ecommerce, your latest invention or personal services.

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Bootstrapping Hockey Stick Sweat Equity Intellectual Property 120

Up and Running

JUNE 23, 2015

Maternova’s business model is breaking new ground, and co-founders Meg and Allyson had to invest a lot of time simply laying the foundation for something that has never been done before. “It took an enormous investment of sweat equity on both our parts,” Allyson admits.

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Business Plan Blog

NOVEMBER 15, 2013

Business Plan. Ideally, you will have a business plan with complete market research and a financial model. You will need demonstrate the product, its advantages, who the market is, how the business will run, capital requirements, and financials demonstrating the financial model. Personal Investment.

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Berkonomics

OCTOBER 15, 2020

The post Should you include your sweat equity in a business plan? The solution is to explain to potential investors that you are projecting under-market wages for yourself or the founder(s) for a period of time, perhaps until breakeven, and then to agree with them that you will move to market rate at that time.

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Up and Running

DECEMBER 23, 2019

Sweat Equity. “I I only had a handful of money in my bank to start my business with, which was just enough to get a cheap virtual server and my domain name. Local Business Plan Competitions. Before we took on venture capital investors, we funded our MVP by competing in local and university business competitions.

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Finance Sweat Equity Bootstrapping Entrepreneur 92

Up and Running

FEBRUARY 12, 2019

It must be because they think they need to address every aspect of their business plan in one fell swoop, but doing so makes them seem anxious, tense, and nervous. I’ve heard many entrepreneurs deliver their pitch as if they’re auctioning off their grandmother’s antiques.

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Sweat Equity Churn Rate Elevator Pitch Forecast 122

Startup Professionals Musings

FEBRUARY 28, 2010

I am a young senior educated in Business Administration, with more than 15 years in the HealthCare and Financial Service business. I have developed a Non-Profit and a For-Profit HealthCare and Home Care Agency, and I have an Executive Summary and Business Plan. Where to start for funding and does a business plan differ?

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Up and Running

AUGUST 19, 2014

Owning a business requires plenty of “sweat equity,” and initially often results in working far harder than you’re being compensated for—and earning less than if you worked for someone else! Managing a Business Starting a Business business planning financial planning paying yourself salary'

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Up and Running

JULY 10, 2018

Consider writing a Lean Plan , or an abbreviated business plan to help you think through the most important considerations. You can do it in less than an hour, and you can always spend more time on certain components of the business plan if you need or want to. Schedule family time on your calendar.

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Up and Running

MAY 30, 2013

You may tell yourself you’re “too busy” tending to outside obligations or allow yourself to get bogged down in other details of business planning. Much has changed since Edison’s day, but sweat equity is still the most effective kind of startup capital. Sometimes we engage in such behaviors just to procrastinate.

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Up and Running

JANUARY 24, 2014

It must be because they think they need to address every aspect of their business plan in one fell swoop, but doing so makes them seem anxious, tense, and nervous. I’ve heard many entrepreneurs deliver their pitch as if they’re auctioning off their grandmother’s antiques.

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Sweat Equity Churn Rate Forecast Business Model 138

Up and Running

JUNE 7, 2013

Jealous of the equity pie being split in three equal pieces, the other two decided to vote me out. Or as they put it, “you can stay, you just can’t keep your equity.” So I ended up investing a load of sweat equity into this venture, only to wind up high and dry with nothing. Without a salary, why would I do that?!

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Partner Sweat Equity Cofounder Equity 82

Campus Entrepreneurship

JUNE 21, 2010

BTW, he points to a documented business plan right up front. Investors like to see that you have committed personal funds as well as sweat equity. Tags: Business Plans & Competitions General Thoughts. Remember, this is a process that demands patience. Here is a snippet: Letters of Intent or Endorsement.

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Up and Running

APRIL 10, 2019

When you read other articles, they will talk about relying on personal income or savings, and they talk about sweat equity. We found this to be an accurate way of getting solid estimates on where the business would be in six months, a year, five years and beyond. It’s strategic planning or Lean Business Planning.

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chrischandler.name

NOVEMBER 1, 2010

You will require money if you plan on developing software. If you’ve considered finding and asking a developer for his or her time in exchange for sweat equity, I’m going to strongly advise you against it. Be prepared with your business plan, term sheet, and probably a beer. So when is equity OK?

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Gust

AUGUST 7, 2012

I really like Martin Zwilling’s post here yesterday, 10 things that make a business plan fundable. That made me think about this list, the opposite, things that make a plan not fundable. These are my 10 things that make business plans not fundable, in my assumed order of importance. Empty broad claims.

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Business Plan Sweat Equity Salary Founder 172

www.virtuosimedia.com

MARCH 8, 2012

Gather your market research, your business plan, and your prototype and make your presentation to potential CTOs. It’s simply an untenable situation to expect the technical co-founder to assume the full burden of risk through sweat equity. Sign that person to an NDA if necessary. Rework it as necessary.

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Up and Running

JUNE 26, 2017

So many entrepreneurs have great ideas, yet what they need is an actionable plan for getting to the next level. Answering these 11 questions will help your business start off on the right foot and give you a jumpstart on the business planning or Lean Planning process. Why do you want to start a business?

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Sweat Equity Business Plan Naming eCommerce 145

grasshopperherder.com

FEBRUARY 19, 2011

BTW, What do business plans look like? Sign up for Grasshopper Herder Other Subscription Options: Recent Posts Is the business plan dead? CDT’s Aaron Brauer-Rieke Explains… [link] Inquiries welcome… investment and assistance even more so. Though catalyzing the network could be an interesting process.

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Cofounder NDA Founder Sweat Equity 47

Tim Keane

APRIL 12, 2006

The percentage owned by the entrepreneur after the investment has been made is the “sweat equity” that represents the work the entrepreneur has done to get to this point. It’s only human for the entrepreneur to want to retain as much equity as possible and for the investor to want to minimize risk. Resources for startups.

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Entrepreneur Valuation Sweat Equity Common Stock 60

Women Entrepreneurs Can

MAY 9, 2019

During the early days, these are your key contributors and they must be willing to put as much sweat equity into the organization as you are. It’s crucial to have the trust in your team- no matter how small- and that you know they’re committed to your business concept. You Trust Your Team.

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Startup Professionals Musings

APRIL 2, 2013

I’ve written about these before, but since I see them so often, I thought it might be worth reiterating: “Business plans are for dummies.” Some startups think business plans are only for investors. In reality, you should do a business plan primarily for yourself, as it forces you to think through all the elements.

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Sweat Equity Intellectual Property Entrepreneur Viral 277

Small Business Force

OCTOBER 14, 2016

Whether you’re a startup entrepreneur seeking capital to launch and scale your initial business concept or you’re a small business owner looking to fund growth for your existing business, there are some key criteria that, virtually, all investors use when evaluating an investment. Cash flow, loans, etc.

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Startup Professionals Musings

FEBRUARY 24, 2012

It’s always painful when a startup fails, but as a mentor to founders I would hope that you can learn from these failings and not stumble on the same issues: “Business plans are for dummies.” Some startups think business plans are only for investors. No need to risk my own funds. We’re funded, now we can relax.”

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Startup Professionals Musings

JANUARY 24, 2011

I’ve written about these before, but since I see them so often, I thought it might be worth reiterating: “Business plans are for dummies.” Some startups think business plans are only for investors. In reality, you should do a business plan primarily for yourself, as it forces you to think through all the elements.

Sweat Equity 246

Sweat Equity Intellectual Property Viral Social Network 246