Up and Running

SEPTEMBER 19, 2018

Legal cannabis generated $16 billion in total economic output in the United States in 2017, and research indicates it will increase 150 percent by 2021, according to a report from cannabis industry analysts Arcview Market Research , in partnership with BDS Analytics. Target market: Who is your ideal buyer? Target market.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Hearpreneur

OCTOBER 10, 2023

#5- Yes, to adapt to market changes Photo Credit: Sammi Jaeger It's helped our three Founders stay on the same page, project our roadmap of growth, and provide clarity on our goals, strategies, and financial projections, making it easier to communicate our vision to all of our stakeholders and clients. Thanks to Michael E.

Business Plan 130

Business Plan Jordan Entrepreneur Florida 130

Startup Professionals Musings

OCTOBER 14, 2023

Would you be comfortable buying a house from a builder, or building one yourself, with no plan on timeframes, costs, and features? I hope not. Most investors tend to think of startups without a plan as expensive hobbies.

Silicon Valley 257

Silicon Valley Exit Strategy Startup Business Plan 257

Startup Professionals Musings

MARCH 10, 2023

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Marketing, sales, support, and service operations. Solution development and delivery. Team building status and plan.

Exit Strategy 288

Exit Strategy Metrics Operations Cost 288

Startup Professionals Musings

OCTOBER 12, 2020

It won’t work, it costs time and money, and hurts your credibility when you need them later. Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). They are not trying to make money, but simply to recoup their costs over time.

Incubator 429

Incubator Startup Exit Strategy Institutional Investors 429

Up and Running

AUGUST 28, 2018

Target market: Who is your ideal patient? Financial summary: Explain your business model, startup costs, revenues, and liabilities to the company. Target market. A formal market analysis can help verify that there’s a need for your particular practice in your intended location. . Marketing and sales plan.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Up and Running

JANUARY 2, 2013

Your Target Market : Don’t say that everyone in the world is potentially your market, even it it could be true one day. Be realistic about who you’re building your product for and break out your market into TAM, SAM and SOM. How much will it cost? How will you reach your customers? How will you make money?

Hockey Stick 164

Hockey Stick Exit Strategy Technical Review Due Diligence 164

Startup Professionals Musings

AUGUST 23, 2021

You need complementary skills for marketing, financials, and operations. A winning strategy today is to combine these objectives, by committing a portion of your profits for a higher cause. The return was far greater than the cost of donated shoes. What do you see as your legacy and exit strategy?

Startup 399

Startup Exit Strategy Cofounder Equity 399

Startup Professionals Musings

JANUARY 31, 2021

Would you be comfortable buying a house from a builder, or building one yourself, with no plan on timeframes, costs, and features? I hope not. Most investors tend to think of startups without a plan as expensive hobbies.

Silicon Valley 342

Silicon Valley Exit Strategy Business Plan Restful 342

Startup Professionals Musings

JUNE 7, 2020

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Marketing, sales, support, and service operations. Solution development and delivery. Team building status and plan.

Entrepreneur 328

Entrepreneur Exit Strategy Metrics Operations 328

Startup Professionals Musings

MARCH 12, 2021

You should plan an exit strategy, and optimize your activities and timing to get top dollar. The critical tasks , which require professional skills, include packaging the business, actively marketing it, negotiating terms, and due diligence. Not getting a signed non-disclosure before negotiating can cost you dearly in value.

Due Diligence 410

Due Diligence Intellectual Property Bankruptcy Exit Strategy 410

NZ Entrepreneur

NOVEMBER 14, 2019

For example, startups often do not register their trade marks because they have an exit strategy in mind—an exit strategy that will see their business absorbed into a large organisation with its own trade mark protected house brands already in place. The IPO did not proceed. The shotgun approach. Types of IP protection.

Intellectual Property 45

Intellectual Property IP Software Review New Zealand 45

ReadWriteStart

JUNE 1, 2020

The next reason is to establish a competitive advantage over your competition and quickly acquire a substantial market share. Let’s take an example – In the case of an internet or app business, the user traction and market penetration is a must. Establish a competitive advantage. Both of which are expensive and time-consuming.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

YoungUpstarts

OCTOBER 3, 2019

Recognize your position in the market, a realistic asking price, as well as what a potential buyer may be prepared to pay. In today’s market, buyers will want to feel confident in throughout understanding the ins-and-outs of the business that they are considering to purchase. Prepare an Exit Strategy.

Due Diligence 127

Due Diligence Exit Strategy Valuation Sales 127

Berkonomics

JUNE 22, 2023

Ten tests for your business success: Is your market identifiable and accessible? Test yourself as to whether you can identify the size of your market niche, and whether you can overcome the many barriers to access customers within your niche. How large a total market? Can you dominate that market?

Exit Strategy 114

Exit Strategy Technology Revenue Conversion 114

Startup Professionals Musings

FEBRUARY 25, 2023

Yet one of the first things a potential equity investor asks about is your exit strategy. Here are three important reasons for the question: Good investment paybacks normally require an exit event. Here are three important reasons for the question: Good investment paybacks normally require an exit event.

Exit Strategy 264

Exit Strategy Private Equity Equity Technical Review 264

Startup Professionals Musings

NOVEMBER 4, 2011

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. In most cases, a Microsoft Excel spreadsheet is adequate, with projection formulas for revenue, costs, and cash flow over the next five years. Finalize your financial model. Free trials don’t count.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Duct Tape Marketing

APRIL 18, 2024

Gain Freedom With The Hands Off CEO Blueprint written by John Jantsch read more at Duct Tape Marketing The Duct Tape Marketing Podcast with John Jantsch In this episode of the Duct Tape Marketing Podcast, I interviewed Mandi Ellefson. 01:03): Hello and welcome to another episode of the Duct Tape Marketing Podcast.

Framework 62

Framework Sales Cycle Sales Hiring 62

Startup Professionals Musings

DECEMBER 28, 2018

It won’t work, it costs time and money, and hurts your credibility when you need them later. Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). They are not trying to make money, but simply to recoup their costs over time.

Incubator 236

Incubator Exit Strategy Institutional Investors Angel Investor 236

Austin Startup

OCTOBER 23, 2019

As the cost of starting a company goes down over time, VC’s have become more than just money providers— they also help entrepreneurs gain customers and grow their teams. The unit cost fell and this idea of pay as you go. Scott advises that when you pick investors, you have to have compatible alignments and incentives.

Fractional VPE 49

Fractional VPE Austin Artificial Inteligence Fractional CTO 49

Startup Professionals Musings

MAY 25, 2020

Yet one of the first things a potential equity investor asks about is your exit strategy. Here are three important reasons for the question: Good investment paybacks normally require an exit event. Here are three important reasons for the question: Good investment paybacks normally require an exit event.

Exit Strategy 376

Exit Strategy Startup Private Equity Equity 376

Startup Professionals Musings

SEPTEMBER 23, 2010

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. In most cases, a Microsoft Excel spreadsheet is adequate, with projection formulas for revenue, costs, and cash flow over the next five years. Finalize your financial model. Free trials don’t count.

Angel Investor 224

Angel Investor Intellectual Property Technical Review Elevator Pitch 224

Startup Professionals Musings

NOVEMBER 4, 2013

They don’t realize that this option would likely be their worst nightmare, since it costs millions for the road show, usually dilutes your equity to a tiny fraction, and takes away all your entrepreneurial control. IPOs in 2008, the market was up to a still trivial 128 in 2012 (compared to 675 in 1996). After a record low of 39 U.S.

IPO 224

IPO Founder Exit Strategy Investment Bankers 224

SoCal CTO

FEBRUARY 17, 2007

They are quite happy with a business that will turn into a profitable $20M company and dont necessarily need an obvious exit strategy. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. Early Stage Marketing and Branding – Farida Fotouh.

Incubator 150

Incubator Technical Cofounder Southern California Los Angeles 150

Startup Professionals Musings

JULY 5, 2011

They don’t realize that this option would likely be their worst nightmare, since it costs millions for the road show, usually dilutes your equity to a tiny fraction, and takes away all your entrepreneurial control. Their synopsis of the key risks should make you look hard for an alternate exit strategy: Increased risk of liability.

Exit Strategy 235

Exit Strategy IPO Investment Bankers Entrepreneur 235

YoungUpstarts

NOVEMBER 22, 2019

But this will cost you in terms of control. When approaching angel investors, keep your pitch to the point and always present an exit strategy. With enhanced global interconnectivity, crowdfunding has become an effective source of funding in today’s market. Either way, this is one of the cheapest sources of funding.

Finance 194

Finance Small Business Angel Investor Exit Strategy 194

Startup Professionals Musings

AUGUST 27, 2012

Here are the ten slides you need: Problem and market need. Explain in analogies your mother could understand, and quantify the “cost-of-pain” in dollars or time. Make sure to communicate the relevance of your product / services to market needs. Investors like $1B markets with double-digit growth rates. Exit strategy.

Elevator Pitch 247

Elevator Pitch Exit Strategy Burn Rate Merger 247

Up and Running

SEPTEMBER 3, 2015

It’s one that’s a good fit for you personally, for your target market, and for your location. Test your business idea and do market research*. Define your target market. What’s your market size? How easy is it to acquire a customer, and how much will it cost? How long will it take to get to market?

Elevator Pitch 60

Elevator Pitch Startup Balance Sheet Forecast 60

Startup Professionals Musings

AUGUST 13, 2012

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape. Avoid any statements like “All we have to do is get 1% of the market.”

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Startup Professionals Musings

JUNE 15, 2013

It won’t work, it costs time and money, and hurts your credibility when you need them later. Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). They are not trying to make money, but simply to recoup their costs over time.

Incubator 256

Incubator Entrepreneur Exit Strategy Institutional Investors 256

Startup Professionals Musings

JUNE 10, 2011

Here are the ten slides you need: Problem and market need. Explain in analogies your mother could understand, and quantify the “cost-of-pain” in dollars or time. Make sure to communicate the relevance of your product / services to market needs. Investors like $1B markets with double-digit growth rates. Exit strategy.

Elevator Pitch 234

Elevator Pitch Exit Strategy Burn Rate Merger 234

Startup Professionals Musings

MAY 28, 2016

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Marketing, sales, support, and service operations. Solution development and delivery. Team building status and plan.

Exit Strategy 155

Exit Strategy Metrics Operations Cost 155

Startup Professionals Musings

JULY 27, 2018

Here are the unique business elements that I expect to hear as a potential investor: Target market size and growth projections. Most investors won’t be interested unless you can show them a large market (billion-dollar opportunity), with a double-digit growth rate. Business model showing costs, pricing, and margins.

Product 145

Product Intellectual Property Liquidity Event Exit Strategy 145

Startup Professionals Musings

MAY 13, 2011

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape. Avoid any statements like “All we have to do is get 1% of the market.”

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Startup Professionals Musings

NOVEMBER 27, 2016

It won’t work, it costs time and money, and hurts your credibility when you need them later. Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). They are not trying to make money, but simply to recoup their costs over time.

Incubator 120

Incubator Startup Exit Strategy Institutional Investors 120

Startup Professionals Musings

AUGUST 17, 2014

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Financial projections for investors should always show an annual cost of goods sold and gross margins line, as well as revenue.

Liquidity Event 249

Liquidity Event Equity Venture Capital Merger 249

Startup Professionals Musings

AUGUST 7, 2016

Despite the fact that the number of IPOs (Initial Public Offerings) for startups have continued to decrease, I still hear it touted often as the preferred exit strategy. Concerns over valuations being reset to a new normal, and a soft exit market, are seen as key drivers. Exposure to increased liability risk.

IPO 120

IPO Initial Public Offering SEC Stock Options 120