No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

Conceived in 1987 by Motorola and spun out in 1990 as a separate company, Iridium planned to build a mobile telephone system that would work anywhere on earth. With an out-of-this-world business plan. A Business Plan Frozen in Time.

Why Build, Measure, Learn – isn’t just throwing things against the wall to see if they work

Steve Blank

Best practices in software development started to move to agile development in the early 2000’s. With Agile you could end up satisfying every feature a customer asked for and still go out of business. activities necessary to implement the business model.

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Trending Sources

6 “Don’ts” Of Starting A Successful Business


When you start your business you’ll be tempted to look around and reassure yourself that what you’re doing is right. When you first start your business you’re going to be really passionate about doing whatever it is that you set out to do in a certain way.

Thoughts on our three-speed economy and business planning in the 21st century

The Equity Kicker

These firms have had a significant impact on growth over the last 20 years through the bubbles and crashes they create – e.g. the Long-Term Capital Management crash of 1998, the Dot-Com crash of 2000, and the housing meltdown of 2008.

To build a brand, you need to own a word in the mind

Up and Running

Today, we need to reinstate that rule for writers of business plans, too many of which contain dozens of ideas and concepts impossible to sum up in a single sentence. What is the objective of a business plan? Dell was the first personal computer sold direct to businesses.

Phase Forward: Remembering the Early Days

Venture Cyclist

I went to Newton City Hall today to run an errand and saw the Balsamo/Millenium walkway that the city created to celebrate the year 2000. Starting in 1996 we spent many hours in a study room in the Newton Free Library working on a business plan.

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Why Venture Capital No Longer Defines Innovation


In 2000, venture capitalists poured a staggering $112.2 According to Dow Jones VentureSource Senior Manager of Corporate Communications Kim Gagliardi, 3,404 venture financing rounds were completed in 2011, down 47% from the 6,361 closed in 2000. Wins Babson Student Business Of The Year Award

Campus Entrepreneurship

has received the Babson College 2011 Student Business of the Year Award. Founders: * John Xie ’11 built his first website at the age of 9 and started his first business, Cirtex, at the age of 13. His work was crucial in building Microsoft SQL Server 2000. Receives Babson College 2011 Student Business Of The Year Award. American Exceptionalism Business Plans & Competitions Campus Eco-System Entrepreneur Profiles Entrepreneurship Programs

NASDAQ 6,000 and Your Business

Growthink Blog

Yesterday, the NASDAQ crossed the 6,000 mark, its first breakthrough "round number" since 2000 when the widely followed technology index reached 5,000 for the first time. Because if we can’t face and overcome the intense and business fatal threat of technological obsolescence.of

Girls Who Code: Crashing the “Brogram”


Small wonder that women made up just 21% of all programmers in 2010, off from 24% in 2000. Small wonder that women made up just 21% of all programmers in 2010, off from 24% in 2000.

Times Are Good, What is Your Business Doing About It?

Growthink Blog

Try these latest measures of business and consumer confidence: Last week, the National Association of Manufacturers released its Manufacturer’s’ Outlook Survey , showing 93 percent of manufacturers feel positive about their economic outlook.

Find an Angel Investor, Without Going Through Hell

Startup Professionals Musings

If your startup is looking for an angel investor, it makes sense to present your plan to flocks of angels, and assume that at least one will swoop down and scoop you up. entrepreneurs angel groups investors business

Will Your Startup Get Venture Capital or IPO in 2013?

Startup Professionals Musings

billion from 49 listings, and represented the strongest annual period for IPOs since 2000. The market and venture capitalists are looking for business, but with a continuing focus on proven business models.

New Rules for the New Internet Bubble

Steve Blank

The Golden Age (1970 – 1995): Build a growing business with a consistently profitable track record (after at least 5 quarters,) and go public when it’s time. The Business Plan (Concept- Alpha-Beta - FCS ) became the playbook for startups. Carpe Diem.

Sketches That Inspired 5 Famous Startups

Inc Startups

It may sound like a cliche, but many a worthy business idea started out on the back of a napkin (or on a sticky note, or in the corner of a piece of scrap paper). Check out five sketches that turned into big businesses.

The 4 Biggest Business Mistakes of All Time (and What You Can Learn From Them)

Up and Running

When I was starting out in business I was naïve. In fact, I knew less than nothing about running a business, and I didn’t even know that. It took me years to learn that it’s almost never a good idea to go in blind when you’re starting a business, though.

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What I have learned from 15 years in business

Escape From Cubicle Nation

In fifteen years, my path has led me from consultant to large corporations to coach to hundreds of individuals wanting career change, to teacher to thousands who want to start a business, to author and speaker about leading in the new world of work. You grow as your business grows.

How to Lead Your Company Through Change

Inc Startups

The business world is just like the natural world. In 1978, Ben Cohen and Jerry Greenfield opened for business in a renovated old gas station. Sales took off, but in the winter, business plummeted. They eventually realized they were no longer "ice cream guys" but "business guys."

Why You Should Pay No Attention to the Tech Sell-Off

Inc Startups

Great companies are immune to the vicissitudes of the stock market, and the sell-off should further support the idea that your time is best spent on business fundamentals , no matter what. Even most recent IPOs have solid revenue and business models.

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3 Who Turned Tragedy Into Success

Inc Startups

A better approach is to turn the lemons into a business plan. Payman Taei: Using Bedrest to Launch a Business In 2000, Taei was in his senior year at University of Maryland studying to be a biologist, anticipating an active life of field research.

Dilution and Investment - An Answer You May Not Expect

Taffy Williams

It seemed that all anyone had to do was write a business plan to get money and high valuations. In 2000, I met a hedge-fund manager that had done rather well. The companies with low prices either had to dilute investors in a financing, had enough to survive, or went out of business. In developing a startup, it is critical to plan ahead. Other articles can be found in the Charlotte, NC- small business section of

How to Start a Home Health Care Business

Up and Running

Is it important to you to build a business you can be proud of, knowing you are making a positive difference in people’s lives? If any of this speaks to you, you could be an excellent candidate to start a home health care business. See Also: Business Startup Checklist.

Girls Who Code: Crashing the “Brogram”


Small wonder that women made up just 21% of all programmers in 2010, off from 24% in 2000. Its first program is this summer, eight weeks of 8-hour sessions in New York City where 20 girls are learning everything from coding to pitching a business plan to investors.

What Makes a Great Cleantech Team?

Secret Formula

This post was co-written with Josh Rogers, a former Venrock intern who’s now in National Grid ’s Strategic Planning and Corporate Development group. If so, I could simply ignore all the other business plans I get and focus on the ones that matched the template.

Project cash flow – not just profit – during start-up.


Cash is everything to a new business. The days of being able to trust that there will be an investor or lender on the other end of a call or email whenever needed ended with the 2000 and 2008 bursts of those respective bubbles. How many times do we have to say this?

Farewell to Our Dream-Team CEO

Inc Startups

s editors fantasized in print about the "dream team" of business leaders they would field to run an unspecified startup. IDG covered technologies that allowed leaders to run global businesses without ever leaving headquarters.

10 College Business Incubators We’re Most Excited About


To help foster this innovation, many colleges and universities have opened business incubators, helping students and others in their community to help make their innovative dreams a reality. Students will even receive a minor in entrepreneurship as they develop their own business plans.

Plans are nothing, but planning is indispensable

Chris Dixon

It is widely believed that writing a business plan is a waste of time, because: 1) very few people will read it, and 2) you’ll end up changing it along the way. For many people, writing out a detailed business plan is the best way to enforce intellectual rigor.

The Rise Of Hyper-Startups From Millennial Entrepreneurs

Mike Michalowicz

Believe it or not, there was a time when an aspiring entrepreneur would come up with a concept, develop a detailed business plan, prototype and refine the concept, seek a credit line from a bank, and then give it a go by bringing the concept to market. For example, the Hot or Not rating website founded in the fall of 2000 was merely a “what if” thought for James Hong and Jim Young on a Friday night. Nothing is guaranteed in business, even for the millennials.

Startup Blog: I want to start a Tech or Biotech. What do I do?

Taffy Williams

Examples may relate to Biotech, Pharma and Medical Device businesses, but the ideas apply to most technology fields. After all, growing a business is not for the “ faint of heart &#. Also, it will fuel your drive to learn all you can about the topic of your business.

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Top 5 Ways to Lose a VC's Attention

Inc Startups

They review about 1,000 business plans a year and invest in, maybe, a few companies. Peter Bell was CEO of StorageNetworks and took it public in July 2000, yielding a peak first-day valuation of more than $9 billion when the company's shares jumped from $27 to $102.

Top 10 Tips For Female Entrepreneurs


In the US alone, women-owned enterprises are starting up at a rate of around 550 a day, and this trend is being mirrored across the globe, with figures from the Enterprise Research Centre showing that businesses led by women add around £130 billion to the UK economy. Get planning.

How to Be a Great Radio Guest

Inc Startups

So I asked Austin Hill, author, consultant, and host of Austin Hill's Big World of Small Business , for tips on how to be a great radio guest. Say you will describe three steps to starting a business. Say, "First of all, put together a business plan.

10 Famous People Who Flourished After Being Laid Off


In the ’80s, Cuban worked as a salesman at a computer store, but found himself more interested in working on computers and developing business plans rather than manning a cash register and sweeping the floors.

What is the Right Amount of Money to Raise at a Startup?

Both Sides of the Table

And it obviously depends on the kind of business you’re building. Let me assume for this discussion it’s a garden variety 2010 IT or Internet business (as opposed to something requiring capital equipment or a life sciences project).

The Returnees: Why U.S. Entrepreneurs are Going Back to Korea

Inc Startups

It won a business-plan competition in early 2007 and raised $1 million in venture capital the next year. I'd always wanted to start a business." Their goal: to come up with a business that would grow fast and require no start-up capital.

Q&A with W. Gary Sitton Author of “Fire Up Your Startup and Keep it Up”

Blogtrepreneur | Entrepreneur Blog

The Lecture Series That Can Help CEOs Even More Than Business Students. According to the US Small Business Administration, 60% of all startups fail by their fourth year; 30% are doomed to fail within two years; and most distressing, only 18% of first-time startups succeed.

Say Hello to Your New Brain on Evernote

Inc Startups

In 2000, it sold the company for $26 million. Basically, I wanted a business model that rhymed." The type of guy who says he chose his business plan because it rhymed.

5 startup investments in 5 industries: How can Practica Capital handle this?


Donatas Keras , the partner responsible for early-stage investments at Practica Capital, comments on the peculiar mix: These radically different startups have the most important thing in common: a potential for high-growth business and long-term value. We decided to ask directly.

BlogFrog – From Blogs To Communities


With the dotcom bubble burst in 2000, risk-averse investors wanted to invest in more than just a business plan – they wanted to see real customers and real revenue before they stumped up the money.