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6 Sources of Help For Early Stage Concept Exploration

Startup Professionals Musings

Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. If you need funding for these early stage activities, I have some suggestions on better strategies to follow. Specialized VCs start to jump in at this stage.

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10 Strategies To Cover New Product Development Costs

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Set expectations accordingly. Solicit funds from friends and family.

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10 Keys To Surviving Startup Cash Flow Requirements

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Nevertheless, it’s an option that doesn’t cost you equity.

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10 Financing Alternatives For Your Next New Venture

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Nevertheless, it’s an option that doesn’t cost you equity.

Finance 320
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Extremely Valuable Tips for Creating a Financial Forecast During the Early Stages of an Entrepreneurial Journey

Up and Running

You can track your most important financials in Excel spreadsheets, but using a business dashboard tool that integrates with your accounting software can make it easier and help you avoid doing double data entry. Equipment and licensing (computers, servers, software, and so on). Communication (telephone, internet). Variable expenses.

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Why You Should Be Doing Product Discovery

YoungUpstarts

Before rushing to build your concept to push out to consumers, it’s important to first undertake product discovery. Product discovery is the purpose of identifying the smallest amount of software needed to determine market value. Notably, this occurs prior to building the Minimum Viable Product , or ‘MVP’. How is it done?

Product 264
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Understanding the Regulatory Process throughout your next Hardware Product Design

The Startup Magazine

Businesses have a lot to think about when they have a new product idea and one missed step in the product development lifecycle can significantly impact business success. I recommend finding a guide to help you in the early stages of your design while you are making important feature and part and product construction decisions.

Design 166