Gust

AUGUST 17, 2014

Keep these balanced and aligned between people (customers, employees) and process (quality, service, revenue), and keep the scope realistic (eliminating world hunger is too broad). Focus on one channel at a time, measure results, and then move to the next. Segment the opportunity.

Entrepreneur 182

Entrepreneur Technical Review Angel Investor China 182

Gust

DECEMBER 6, 2011

A medical device company, on the other hand, may need cash resources to pay for FDA testing, designing the prototype, manufacturing the product, establishing an inventory of the devices and establishing marketing and sales channels for the products. Most high-impact companies need substantial cash resources to sustain their rapid grow.

Angel Investor 179

Angel Investor Venture Capital Valuation Software Engineering 179

Gust

JUNE 19, 2012

But in the real world, when you get to business numbers, sales are not accounts receivable and revenue isn’t income and people who read financial projections need to know that an apple is an apple, and not an orange. . I want a forecast that starts with specifics like channels or traffic and conversions or segments and builds up.

Startup 180

Startup Forecast Angel Investor Software 180

Gust

AUGUST 5, 2012

Clearly define the customer, channel, and revenue model associated with this solution. In this section, you need to be passionate about revenue, profit, and volume growth. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Exit strategy.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Gust

JANUARY 5, 2014

Your revenue model has to make sense. Many of the Internet business plans I see these days say the service is free, and revenue will come later from a huge user base. Many of the Internet business plans I see these days say the service is free, and revenue will come later from a huge user base.

Business Model 171

Business Model Sales Customer Distribution 171

Gust

NOVEMBER 3, 2013

Even a non-profit has to generate revenue (or donations) to offset operating costs. A major resource is cash funding, but other resources, such as industry contacts and access to marketing channels may be more important for certain products. Don’t quit your day job until new revenue is flowing. Business model doesn’t make money.

Intellectual Property 183

Intellectual Property Startup Viral Early Stage 183

Gust

MARCH 9, 2014

In fact, the average spent by Inc 500 companies for sales and marketing expense continues to hover around 10% of overall revenues. Find partners and channels which are complementary, and not directly competitive. We know that existing big brands like Apple and Nike spend millions per year just to maintain their brand recognition.

Marketing 146

Marketing SEM Viral Social Media 146