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

Steve Blank

With an out-of-this-world business plan. When it was spun out as a a separate company, Iridium’s 1990 business plan had assumptions about potential customers, their problems and the product needed to solve that problem. A Business Plan Frozen in Time. No Business Plan Survives First Contact With A Customer.

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10 Critical Success Factors For A Service Business

YoungUpstarts

Established in 2002 and operated for the first few years from a small single bedroom at their mother’s home, Justin and Jason Korinek have managed to increase their turnover every year for the last 17 years… they are clearly doing something right! Competitor analysis should form part of your business plan.

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What Startups Need to Know About Exit Strategies

Up and Running

That usually means talking, in the pitch and in the business plan, about how similar companies in similar markets have been able to exit via selling out to a larger company. The more sophisticated plans and pitches will mention recent exits and offer information about how the companies that exited were valued when they were bought.

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Neuromarketing Ethics: How Far Is Too Far?

ConversionXL

Decades later, in 2002, Dutch marketing professor Ale Smidts coined the term “neuromarketing.” Here’s what won’t change: Deceptive marketing tactics and promises not delivered won’t build, as Dooley rightly notes, a sustainable business. Plan accordingly. The post Neuromarketing Ethics: How Far Is Too Far?

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Venture Capital Access Program launches to aid women and diverse entrepreneurs

David Teten

Women-owned businesses, according to the Forte Foundation represent about 775,000 new startups per year. Department of Commerce & the Minority Business Development Agency, between 2002 and 2007, diverse-owned firms outpaced the growth of non-diverse firms in gross receipts and employment. According to the U.S.

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How To Fund Your Business When A Bank Loan Isn’t An Option

YoungUpstarts

Where once the bank would have been the first port of call for a loan, the 2008 recession all but closed off this option for independent businesses – and it’s never fully re-opened. The company – which he co-founded in 2002 – is one of the leading providers of outsourced electronic payments systems.

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Four Qualities Of Great Entrepreneurs

YoungUpstarts

I have even had potential entrepreneurs tell me about their great business plan, and then admit that they have not done any market research or they cannot provide me with potential customer feedback. I have seen this challenge with CEOs where egos get out of control. Those meetings are cut short. Fourth is your purpose.