Startup Professionals Musings

JANUARY 24, 2021

In reality, it is nothing more than a final integrity check on all aspects of the business and the team. Some entrepreneurs do very little to prepare for due diligence, assuming all the talking has already been done, and the business plan and results to-date tell the right story.

Technical Review 379

Technical Review Due Diligence Term Sheet Bankruptcy 379

Up and Running

NOVEMBER 12, 2018

There are several different types of business plans that can help you stay on track. If you’re seeking a bank loan or outside investment, you probably need a traditional business plan. But if you’re writing a plan as an internal guide for strategic growth, you should consider a lighter version— a Lean Plan.

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Business Plan Curation Balance Sheet Intellectual Property 63

Up and Running

OCTOBER 3, 2018

What they don’t usually show on screen on shows like Flip or Flop is that writing a business plan is a must. If you’re thinking about starting a business that buys up homes, fixes them up and then re-sells them at a profit, the first step is to write a business plan. It serves as a mini version of your entire plan.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Startup Professionals Musings

JULY 1, 2020

You will never seem to have the time, skills, or resources you need for that key acquisition, global expansion, or new product offering. The key here is to plan ahead, nurture a relationship with your favorite venture capitalists, and leverage the growth and assets you already have with other lending and funding organizations.

Due Diligence 306

Due Diligence Entrepreneur Startup Acquisition 306

Startup Professionals Musings

MAY 15, 2019

Steve Blank via Flickr by jdlasica I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Don’t forget a viable financial model of costs, margins, customer acquisition, and break-even.

Startup 245

Startup Angel Investor Technical Review Incubator 245

TechEmpower

AUGUST 21, 2023

But is that the right strategy for your business? Changes to the tech team: You need to make changes to your tech team to meet your business goals. Our goal is to build a decent understanding of your business, your product, and your technology. Outgrowing your stack: Your tech stack was just right for your startup.

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Technical Review Development Team Review Software Review Architecture 260

Up and Running

NOVEMBER 23, 2020

Specifically, we’ve used a tiered pricing plan. A tiered pricing plan can help your business make customer acquisition easier, so you can prove that your solution provides value. For example, if an annual plan’s cost is significantly less than the monthly plan, some customers will opt to save money.

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Acquisition Reputation SEO Cost 134

A Smart Bear: Startups and Marketing for Geeks

MARCH 21, 2017

Rather, buyer behavior is rooted in their strategy — a combination of product thesis, their theory of their market’s evolution, how they need to position for customers and against competitors, their long-term brand development, geographic expansion plans, and so on.

Balance Sheet 242

Balance Sheet Vertical Acquisition Revenue 242

Startup Professionals Musings

DECEMBER 17, 2013

Sales is simply defined as income from customer purchases of goods and services, minus the cost associated with things like returned or undeliverable merchandise. Sales data needs to be correlated to advertising campaigns, price changes, seasonal forces, competitive actions, and other costs of sales. Cost of customer acquisition.

Metrics 252

Metrics Technical Review Retention Acquisition 252

YoungUpstarts

MAY 14, 2018

Of course, these are important ingredients to growth, but the – perhaps unconventional – truth is that this kind of growth can be riskier and less compelling to investors than growth through acquisition. Set clear financial objectives for an acquisition and create benchmarks to gauge attractiveness of potential target companies.

Acquisition 124

Acquisition Finance Raleigh Mezzanine 124

Up and Running

MAY 10, 2021

In this article, we will talk about the trends and the cost of mobile app development with a forecast for 2021. We will see an increase in cloud platforms and a reduction in the cost of sensors. The only thing that prevents smart clothes from becoming a popular trend at the moment is their high cost. Trillion by 2025.

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

The Startup Magazine

AUGUST 20, 2020

This is a suitable time to start drawing up a business plan , especially if you need to approach a bank or lending institution to obtain enough capital. Remember to include the cost of office space, supplies, technology, marketing, and outsourcing. Here are some considerations: Structuring of rates and fees. Get out There.

Technical Review 120

Technical Review Social Media Reputation Salary 120

Duct Tape Marketing

SEPTEMBER 12, 2018

The Impact of Understanding Customer Acquisition Costs and Customer Lifetime Value written by Guest Post read more at Duct Tape Marketing. Have you heard someone talk about customer acquisition cost (CAC) or customer lifetime value (CLV or LTV)? Here’s a simple example. They wanted to clear a net profit of 20% ($30).

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Acquisition Cost Customer North Carolina 67

Up and Running

MARCH 14, 2018

Have a well-thought-out business plan on-hand to share, so investors can read more if they’d like to. The intention, after all, is that you deliver a powerful pitch, and by the end, their hands are out asking for either your executive summary or your complete business plan. How much will it cost?

Hockey Stick 164

Hockey Stick Exit Strategy Technical Review Angel Investor 164

ReadWriteStart

JUNE 1, 2020

For these businesses, it is imperative to get funding from the start without which the company cannot be set up. It is going to cost a lot of money just to get the initial batch of products to test the market and would definitely require external funding. You can get a personal loan without a business plan.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Startup Professionals Musings

JANUARY 18, 2014

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Don’t forget a viable financial model of costs, margins, customer acquisition, and break-even.

Entrepreneur 283

Entrepreneur Startup Angel Investor Technical Review 283

YoungUpstarts

AUGUST 24, 2017

More importantly, a subscription business model enables you to manage the cash flow, upgrade your business planning and optimize metrics such as churn rates, the lifetime value of a customer, expansion, and more. Through customer acquisition, you’ll work to grow the revenue and then, use that revenue to cover operational costs.

Churn Rate 149

Churn Rate eCommerce Business Model Bootstrapping 149

Startup Professionals Musings

MAY 12, 2017

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Don’t forget a viable financial model of costs, margins, customer acquisition, and break-even.

Startup 161

Startup Angel Investor Technical Review Incubator 161

Startup Professionals Musings

JUNE 26, 2015

Few investors these days have the time or patience to read a full business plan, so a better way to catch their eye is with a tightly written and well formatted two-page executive summary. Skip the fuzzy marketing terms, such as "easier to use," "lower cost" and "disruptive technology."

Intellectual Property 120

Intellectual Property Elevator Pitch Angel Investor Technical Review 120

Up and Running

SEPTEMBER 14, 2021

A sales funnel focuses on the marketing campaign and purchasing process that leads to the acquisition of new and repeat clients. When writing your business plan , consider that customer relationships begin the moment a consumer learns about your company. Show them you’re a dynamic business. Build and define relationships.

Sales 152

Sales Audience Social Media Email 152

Startup Professionals Musings

APRIL 11, 2022

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Startup Professionals Musings

DECEMBER 20, 2012

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Don’t forget a viable financial model of costs, margins, customer acquisition, and break-even.

Startup 296

Startup Angel Investor Technical Review Incubator 296

Women Entrepreneurs Can

OCTOBER 30, 2022

As a fleet owner , one of your primary responsibilities is to keep costs down. The cost of running a fleet of company vehicles is likely to be one of the most significant expenses that a business has to deal with. In this article, we look at some of the ways to keep the cost of running a fleet down. Manage Fuel Costs.

Cost 52

Cost Acquisition Early Stage Management 52

Steve Blank

APRIL 8, 2010

He said, “After we graduated we took our great idea, holed up in my apartment and spent months researching and writing a business plan. We even entered it in the business plan competition. It was an exquisitely crafted plan. Finally, they took the plan and boiled it down to 15 of the prettiest slides you ever saw.

Business Model 328

Business Model Business Plan Customer Cap Table 328

Transformify

AUGUST 1, 2022

When you go global you are providing your business access to a new talent pool and a different technology. This can bring down operational or production costs permitting the companies to improve their profit margins. Moving some divisions of your business to foreign countries is not a new concept. Improvement in profit margins.

Global 52

Global Merger Technical Review Singapore 52

Up and Running

JULY 22, 2014

Financial experts will have different opinions about what should be included in a financial plan, depending on the type of business you have and what you’re trying to accomplish with your business plan. These three components (revenue, COGS, and gross margin) are the backbone of your business model—i.e.,

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148

Startup Professionals Musings

SEPTEMBER 19, 2011

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Don’t forget a viable financial model of costs, margins, customer acquisition, and break-even.

Startup 286

Startup Angel Investor Technical Review Incubator 286

YoungUpstarts

AUGUST 30, 2016

It seemed as though venture capitalists were throwing money at any Internet idea they could find – no business plan required. After the acquisition, I managed the Safe Eyes team at McAfee for two years. I had been planning to leave anyway. That was right at the peak of what some would later call the “dotbomb era”.

Software Review 188

Software Review Technical Review Due Diligence Startup 188

Startup Professionals Musings

MARCH 15, 2023

Others with the right confidence and personality were able to garner funding, despite a weak business plan. The most common failures on the show, and in real life, are people who don’t know their margins, cost of customer acquisition, channels, or other key data. Investors invest in people, more than ideas.

Entrepreneur 279

Entrepreneur Due Diligence Angel Investor Silicon Valley 279

Up and Running

JUNE 25, 2020

If your sales have recently hit a plateau, check out these 10 proven methods to continue growing your business. You went through the process of identifying a target market when developing your business plan. But now you have an active customer base that you need to engage with and in the process improve your business.

Small Business 180

Small Business Hosting Social Media Community 180

Startup Professionals Musings

APRIL 26, 2021

Of course, you can find these elements embodied in many of the business plan templates and tools out there, such as the Business Model Canvas. Every business, including non-profits, need a viable source of revenue to cover the costs of operation and sustainability. Show a cost margin of at least fifty percent.

Intellectual Property 332

Intellectual Property Angel Investor Business Model Channel 332

ConversionXL

JUNE 16, 2022

Design your playbooks so they’re easy to skim, and at all costs, avoid density in the writing and formatting. In a business plan, key questions are answered in an executive summary. The answers inform investors so they can understand what they’ll learn and decide whether to read the rest of the plan. Company information.

Campaign 149

Campaign CTO Marketing Social Media 149

Up and Running

JANUARY 15, 2018

Once you’ve decided that you’re ready to start a small web design firm, you’ll need to develop a host of skills to help you run a successful business, including time management, sales and promotional strategies, and client acquisition. Create a Lean Business Plan. Calculate startup costs. The basics.

Web 86

Web Design Software Review Elevator Pitch 86

YoungUpstarts

DECEMBER 11, 2014

Bringing in external resources can be a cost-and-time efficient way to complete a value stream map and put a company in a powerful position to move forward forcefully. The cost of doing business is increasing, and companies need to look for ways to responsibly minimize those costs. Outsourcing.

Bandwidth 171

Bandwidth Chicago Hiring Operations 171

Startup Professionals Musings

MARCH 25, 2023

A healthy business, ready to scale, has been doing this for a year or more, with an existing customer set generating a non-trivial and growing revenue stream. Startup productivity is embodied in key ratios, including low cost of customer acquisition, high retention, and high revenue per employee.

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Valuation Revenue Viral Retention 235

Up and Running

JANUARY 2, 2013

Have a well thought out business plan on hand to share, so investors can read more if they’d like to. The intention, after all, is – you deliver a powerful pitch, and their hands are out asking for either your executive summary or your complete business plan. How much will it cost?

Hockey Stick 164

Hockey Stick Exit Strategy Technical Review Due Diligence 164

Startup Professionals Musings

JANUARY 17, 2015

In reality, it is nothing more than a final integrity check on all aspects of the business and the team. Some entrepreneurs do very little to prepare for due diligence, assuming all the talking has already been done, and the business plan and results to-date tell the right story.

Technical Review 120

Technical Review Due Diligence Startup Term Sheet 120