Up and Running
FEBRUARY 20, 2014
I see too many business plans that underestimate the effort, resources, and problems involved in selling things through channels. How much a channel takes varies by industry, but if you are planning a new business and you don’t know the channel costs, find them out.
Up and Running
JULY 25, 2014
Costly mistakes in basketball history reveal important lessons for your business. ESPN’s strategy demonstrates the importance of being able to adjust your business plan in real-time as you receive positive (or negative) feedback from your target market. Failure is rarely the end of the story, especially for businesses.
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The Startup Magazine
NOVEMBER 6, 2019
With over half of small businesses planning to recruit in 2019, many will be wondering how they can tackle the recruiting process efficiently and effectively. For any business owner, deciding to hire a workforce means they need to be able to afford the additional costs and also be comfortable delegating.
Up and Running
SEPTEMBER 4, 2014
Consider: in about 1993, Apple released the Apple Newton. It cost too much (over $1,000), it weighed a lot and it had poor handwriting recognition technology. It cost a third of the Newton, weighed a third and had a handwriting recognition system that worked. Cliché 6: the big business plan. What do you think?
Up and Running
MAY 6, 2015
Jonathan: What should I expect if I wanted to go in and get a business loan? Peter: One of the things they’ll ask you for is a business plan. The business plan has to contain a thoughtful overview of your entire business. Those things cost me $5,000, $10,000 a build five or 10 years ago.
Austin Startup
AUGUST 17, 2017
Assuming that your idea and business plan can generate value (consumer surplus), you still may have a lot of trouble finding people who want to buy it because the switching cost still exceeds the marginal benefit. That switching cost is sufficiently high enough that we don’t switch to Loserbook. Newton was a stinker.
Austin Startup
NOVEMBER 23, 2017
Assuming that your idea and business plan can generate value (consumer surplus), you still may have a lot of trouble finding people who want to buy it because the switching cost still exceeds the marginal benefit. That switching cost is sufficiently high enough that we don’t switch to Loserbook. Newton was a stinker.
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