Startup Professionals Musings

OCTOBER 9, 2023

Here are seven steps I recommend for establishing the right business model: Size the value of your solution in the target segment. Estimate your costs, including a 50 percent gross margin, as a lower bound on a price. Here again is your chance to make pivots for almost no cost. Plan and execute a pilot or local rollout.

Technical Review 220

Technical Review Advisory Board Software Review Business Model 220

Startup Professionals Musings

JANUARY 30, 2021

Here are seven steps I recommend for establishing the right business model: Size the value of your solution in the target segment. Estimate your costs, including a 50 percent gross margin, as a lower bound on a price. Here again is your chance to make pivots for almost no cost. Plan and execute a pilot or local rollout.

Technical Review 399

Technical Review Product Advisory Board Business Model 399

Startup Professionals Musings

FEBRUARY 7, 2015

Here are seven steps I recommend for establishing the right business model: Size the value of your solution in the target segment. Estimate your costs, including a 50 percent gross margin, as a lower bound on a price. Here again is your chance to make pivots for almost no cost. Plan and execute a pilot or local rollout.

Business Model 120

Business Model Technical Review Advisory Board Software Review 120

Startup Professionals Musings

AUGUST 4, 2013

It starts with a customer problem or need, and includes proving the technical concept, but starts earlier and goes much further, per the following key steps: Quantify problem cost-of-pain first. Factor in your margin, and you will have an upper bound on your solution cost. Changes at this stage cost almost nothing.

Business Model 235

Business Model Product Advisory Board Angel Investor 235

Startup Professionals Musings

JANUARY 5, 2018

Here are seven steps I recommend for establishing the right business model: Validate the value of your solution with real customers. Estimate your costs, including a 50 percent gross margin, as a lower bound on a price. Here again is your chance to make pivots for almost no cost.

Product 137

Product Advisory Board Business Model Cofounder 137

Startup Professionals Musings

JUNE 30, 2012

It starts with a customer problem or need, and includes proving the technical concept, but starts earlier and goes much further, per the following key steps: Quantify problem cost-of-pain first. Factor in your margin, and you will have an upper bound on your solution cost. Changes at this stage cost almost nothing.

Business Model 248

Business Model Advisory Board Entrepreneur Angel Investor 248

Startup Professionals Musings

APRIL 15, 2011

It starts with a customer problem or need, and includes proving the technical concept, but starts earlier and goes much further, per the following key steps: Quantify problem cost-of-pain first. Factor in your margin, and you will have an upper bound on your solution cost. Changes at this stage cost almost nothing.

Business Model 234

Business Model Advisory Board Startup Angel Investor 234