Startup Professionals Musings

NOVEMBER 28, 2020

The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Building a minimum viable product, with customer validation. Before you bring on partners, develop intellectual property, raise capital, or generate revenues, you need to establish an official business entity.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

Startup Professionals Musings

SEPTEMBER 8, 2021

A few years ago, Safeway and other big retailers struggled with the growing problem of plastic bag cost and pollution, before realizing they could actually sell reusable cloth bags to customers, as a win to all. A recurring expense was turned into a recurring revenue. Openly acknowledge current challenges in your business.

Social Media 330

Social Media Entrepreneur Revenue Internet 330

VC Cafe

MARCH 1, 2024

AI to build enterprise software – In the future, every enterprise could have their own custom ERP, CRM or HRIS that is continually updating itself as the company itself is changing. Digital Wallets – Digital wallets could grow select vertical software platforms’ revenues to $27-$50bn in 2030. trillion by 2030.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

Startup Professionals Musings

AUGUST 25, 2011

But the reality is that sellers are no longer in charge of the customer buying process. Kristin Zhivago, in her new book “ Roadmap to Revenue ,” makes the point that the selling system is broken, since sellers no longer sell the way customers are buying. The best way to do this is with real customer interviews.

Customer 242

Customer Technical Review Business Model Revenue 242

David Teten

AUGUST 19, 2019

A new wave of Revenue-Based Investors are emerging who are using creative investing structures with some of the upside of traditional VC, but some of the downside protection of debt. I believe that Revenue-Based Investing (“RBI”) VCs are on the forefront of what will become a major segment of the venture ecosystem.

Revenue 60

Revenue Term Sheet Founder Technical Review 60

The Startup Magazine

JUNE 20, 2022

And in order for merchants to have more control over their customers’ payment experiences, the company continues to work on its goal of creating a payment system that is not just easy to set up but easy to use as well. Documents Needed for A High-Risk Merchant Account. TailoredPay: A Brief Overview. Who Qualifies for TailoredPay?

eCommerce 158

eCommerce Technical Review Software Review Demand 158

Startup Professionals Musings

MARCH 21, 2020

If you haven’t yet finalized the business model, cost projections, and customer segments, you aren’t ready for investors. Don’t send investors documents and notes that would be rejected by any high-school teacher. They only want a quick overview of the product, not detailed features and patent secrets.

Technical Review 310

Technical Review Angel Investor Business Plan Social Media 310

The Startup Magazine

FEBRUARY 26, 2021

For those of you who are unsure about what a profit and loss statement is – it’s a document that shows a company’s financial progress over a certain period. To show this progress you have to add up all the sources of revenue and the subtract all the expenses related to that revenue. The example of Adam the greengrocer.

Web Development 136

Web Development Balance Sheet Cost Developer 136

Startup Professionals Musings

AUGUST 28, 2019

One 11-year classic study of over 200 companies, detailed in “ Corporate Culture and Performance ,” found that those working on their culture improved revenue by 516%, and increased net income by 755%. Building an ethical business is more than just compliance and meeting legal requirements, and it has big paybacks.

Software Review 192

Software Review Offshore Leadership .Net 192

ConversionXL

JUNE 16, 2022

Stacked Marketer turned a free newsletter into a six-figure revenue generator by staying actionable, convenient, and entertaining. They map out a repeatable process to avoid chaos and confusion in your team and with customers. So, how can marketers align every department for a consistent customer experience? Marketing strategy.

Campaign 149

Campaign CTO Marketing Social Media 149

Steve Blank

OCTOBER 15, 2019

Once upon a time every great organization was a scrappy startup willing to take risks – new ideas, new methods, new customers, targets, and mission. Product people are often messy, hate paperwork and prefer to spend their time creating stuff rather than documenting it. Companies Run on Process. The result is process theater.

Government 319

Government Technical Review Acquisition Metrics 319

Startup Professionals Musings

APRIL 7, 2017

But the reality is that sellers are no longer in charge of the customer buying process. Kristin Zhivago, in her classic book “ Roadmap to Revenue ,” makes the point that the selling system is broken, since sellers no longer sell the way customers are buying. The best way to do this is with real customer interviews.

Small Business 147

Small Business Revenue Technical Review Business Model 147

Up and Running

APRIL 22, 2020

This does not mean that you need 2-3 years’ worth of documents showcasing your revenue and cost of goods sold, but you’ll likely need reports that show at least 12-months of financial activity. Incomplete application or missing documents. This is where you can miss something when applying.

SBA 139

SBA Forecast Software Review Business Plan 139

Women Entrepreneurs Can

APRIL 27, 2020

Start-ups like 4DHealthWare and Biobot Analytics are leading the way, and business today is all about customer satisfaction. Bill Gates coined the phrase, ‘Customer is King.’ With so many world-class options available for every product and service, the only way to differentiate in the marketplace now is how you treat your customers.

Technical Review 52

Technical Review Customer Software Review Mobile 52

YoungUpstarts

DECEMBER 9, 2013

by Tom Panaggio, author of “ The Risk Advantage: Embracing the Entrepreneur’s Unexpected Edge “ Here’s one of business’s dirty little secrets: Many business owners prefer to keep their customers at arm’s length. Nobody likes feeling unimportant, and with all of the choices out there today, customers don’t have to settle for it.

Customer 170

Customer Technical Review Florida Cofounder 170

Both Sides of the Table

MARCH 21, 2013

I think it’s important for enterprise startups to layer in professional services into your revenue stream. deliver profitable revenue that while on gross margins of 50% vs. software at 85-95% it is still profits to help you cover fixed costs. Minimize Any Custom Work That Will Not Feed Back Into Your R&D.

Software Review 321

Software Review Software IP Technical Review 321

Up and Running

JUNE 7, 2021

Once united merely by their commitment to providing value for their companies and their customers, they are now united in being of value to society. Because today’s customers tend to show greater loyalty to companies that do good in society. Today’s customer is socially conscious and expects respect. Begin with leadership.

Framework 191

Framework United States Employee Vesting 191

Steve Blank

AUGUST 31, 2009

At their best, these processes provide detailed plans, checkpoints and milestones for every step in getting a product out the door: sizing markets, estimating sales, developing marketing requirements documents, prioritizing product features. Where Are the Customers? So what’s wrong the product development model?

Customer Development 243

Customer Development Developer Customer Silicon Valley 243

YoungUpstarts

NOVEMBER 19, 2020

You should always design with the customer experience in mind. If established and well documented, they can be used to demonstrate how efficiently and orderly a business is run, increasing what your business is worth. Patrons refers to the customers your company serves.

Exit Strategy 246

Exit Strategy Intellectual Property Valuation Metrics 246

Startup Professionals Musings

DECEMBER 1, 2017

I’m certainly not a fan of customer rip-offs, but even non-profits have to be cash-flow positive, or have deep pockets, to help anyone for long. Every business needs to develop a revenue model even before a product. It’s naïve to think you can sell below costs, and make it up by attracting more customers.

Revenue 166

Revenue Affiliate Advertising Retention 166

Up and Running

FEBRUARY 16, 2022

Investors and readers do not want to receive a repetitive document that does not give them tangible information they can use to make decisions about your business. For example, a repetitive and lackluster statement could be that your mission is ‘to help online fitness customers stay fit with at-home workouts. Customer analysis.

Business Plan 81

Business Plan Software Review Demand Hiring 81

Up and Running

MARCH 19, 2019

If your business is up and running, you’re probably starting to think about how to grow your revenue and build a successful and sustainable enterprise for the long-term. But in order to optimize the customer journey, you must start by looking at every interaction your company has with your customers from start to finish.

Customer 77

Customer Early Stage Retention Conversion 77

Startup Professionals Musings

OCTOBER 8, 2018

As a long-time advisor to entrepreneurs and business owners, I rarely find someone who doesn’t proclaim that the business world is changing rapidly, with new technology, new customer expectations, and new cultures. Others still routinely have phone hold queues for customer contact that can last up to an hour, with no alternative options.

Technical Review 211

Technical Review Channel Social Media Metrics 211

Startup Professionals Musings

AUGUST 25, 2018

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. Validate your solution with a prototype and real customers. Ideas are not enough to gauge business potential.

Technical Cofounder 184

Technical Cofounder Intellectual Property Silicon Valley LLC 184

Startup Professionals Musings

SEPTEMBER 30, 2013

Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Get a real customer and real revenue. Only real results count.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity CTO Hire 281

The Startup Magazine

JUNE 2, 2023

As a business owner or marketer, acquiring new customers is always at the top of your agenda. However, retaining those customers is even more critical, as it helps maintain revenue and loyalty and establishes your brand as a reliable provider of products or services.

Customer 148

Customer Management Retention Social Media 148

Startup Professionals Musings

SEPTEMBER 9, 2017

One 11-year classic study of over 200 companies, detailed in “ Corporate Culture and Performance ,” found that those working on their culture improved revenue by 516%, and increased net income by 755%. Building an ethical business is more than just compliance and meeting legal requirements, and it has big paybacks.

Software Review 166

Software Review Offshore Leadership .Net 166

ReadWriteStart

JUNE 8, 2021

After launching a new startup, you’ll be interested in growing the business as quickly as possible, thus generating more revenue, securing more stability, and improving your reputation as well. But with efficient employees, your costs decrease, customer loyalty increases, and your business model will have a much better chance of success.

Employee 127

Employee Product Startup Software Review 127

Startup Professionals Musings

AUGUST 31, 2014

The revenue model you select is basically the implementation of your business strategy, and the key to attaining your financial objectives. So what are some of the most common revenue models being used by startups today? It’s great for customers, but not for startups, unless you have deep pockets. Freemium model. Value model.

Revenue 287

Revenue Startup Business Model Retention 287

The Startup Magazine

JANUARY 22, 2024

A fraudster might claim to be a representative from the Internal Revenue Service (IRS) and claim that a small business owner is behind on his or her taxes. Then, they’ll claim that there was a security breach, and the customer needs to hand over their login credentials to secure their account.

Engineer 155

Engineer Artificial Inteligence Security Small Business 155

Up and Running

APRIL 21, 2014

But have you thought about the little things, like how you’re actually going to take payments from your customers? This fast-changing environment can be daunting to a small business that’s rightfully more concerned with finding customers than thinking about how to process a payment. You have options, and choices to make.

Customer 104

Customer Software Review Security Sales 104

Startup Professionals Musings

NOVEMBER 3, 2012

But the reality is that sellers are no longer in charge of the customer buying process. Kristin Zhivago, in her book “ Roadmap to Revenue ,” makes the point that the selling system is broken, since sellers no longer sell the way customers are buying. The best way to do this is with real customer interviews.

Technical Review 234

Technical Review Business Model Revenue Social Media 234

ReadWriteStart

JULY 7, 2021

User-friendly courier delivery apps ensure round-the-clock fulfillment of parcels to customers across different locations. . Business to Business (B2B) – Also referred to as Enterprise to Enterprise, it is typically utilized to transport documents, equipment, reports, and raw materials from one place to another.

Technical Review 163

Technical Review Artificial Inteligence Demand Social Media 163

ConversionXL

JUNE 5, 2014

Has your company’s customer retention rate increased, decreased or remained status quo over the past five years? Have you outlined and initiated a formal customer retention strategy? In a study by Harvard Business School , it was found that increasing customer retention by even 5% can increase profits between 25-95%.

Retention 112

Retention Developer Customer Programming 112

Hearpreneur

JANUARY 2, 2022

Ultimately, I am proud of the many, many small businesses that did not have to close their doors because their fellow LeTip members passed business referrals that led to new customers. As a business, we place a high value on giving people a chance to succeed and earning our customers' trust. 16- Hit $1 million revenue.

Entrepreneur 126

Entrepreneur Jordan Employee Revenue 126

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. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Exit Strategy 288

Exit Strategy Metrics Operations Cost 288

ReadWriteStart

JUNE 1, 2020

The primary source of your funds should be your paying customers, i.e., your business should generate enough revenues and profits to fund the growth and expansion. Any custom manufactured IoT device would require software development as well as hardware customization. Both of which are expensive and time-consuming.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150