Startup Professionals Musings

APRIL 11, 2020

Many of the business plans I have seen as an investor, like trying to integrate all the social media features of Facebook, Twitter, and LinkedIn into a new platform, don’t do it. In many business domains today, the market seems to change about every ninety days. It’s tough for an elephant to be agile.

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The Startup Magazine

JANUARY 9, 2024

of businesses fail within the first five years of operation. As a business owner, it is crucial to keep up with the constantly evolving market to stay competitive. Although it may require stepping away from the security of well-organized projections and plans, taking calculated risks can lead to corporate development.

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Up and Running

AUGUST 8, 2018

This article, which originally appeared on our LivePlan Blog , is part of our “Business Planning Guide” —a curated list of our articles that will help you with the planning process! For us, business planning isn’t just a one-time or annual event. Instead, they are about adjusting the plan. They’re right.

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Up and Running

AUGUST 23, 2016

He needed a job, but breaking into the job market was tough. “I I had a lot of requests for freelance work,” Kinsman says, “so I decided to set up a branding and marketing business in Hong Kong.”. Thirteen years later, Kinsman is a veteran of the industry and a thought leader advocating in Forbes for an agile approach.

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VC Cafe

JULY 26, 2020

Most principles of Lean Startup remain true, as described by Steve Blank in The Lean Startup Changes Everything : Business Plans are dead: Startups a series of hypothesis that need to be tested. Ditch the business plan and when assumptions are proven wrong, pivot Customer Development: Build a product your customers want (vs.

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Steve Blank

JANUARY 27, 2011

This startup search process is the business model / customer development / agile development solution stack. When founders discover their assumptions are wrong, as they inevitably will, the result isn’t a crisis , it’s a learning event called a pivot — and an opportunity to update the business model.

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Steve Blank

MARCH 26, 2019

It’s hard to imagine, but only a decade ago, the capstone entrepreneurship class in most universities was how to write – or pitch- a business plan. In my experience, I saw that most business plans don’t survive first contact with customers. Product/Market Fit Versus The Business Model Canvas.

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Steve Blank

SEPTEMBER 5, 2018

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. ” Fire, Ready, Aim. IPOs dried up.

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Women Entrepreneurs Can

APRIL 16, 2024

These facets form a compelling narrative: that an instant shipping quote is not just a convenience but a strategic necessity for businesses aiming to thrive in today’s dynamic market. Accuracy and Transparency Exploring the difficulties of shipping costs, businesses find an ally in online shipping calculators.

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The Equity Kicker

MAY 7, 2013

When our companies started switching from ‘waterfall’ to ‘agile’ development methodologies we went from having detailed pictures of how products were going to evolve (albeit with delivery risk) to little visibility of what new features would emerge and when.

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Steve Blank

JULY 13, 2021

By the end of the 20th century, case studies and business plans had reached an evolutionary dead-end for entrepreneurs. The Rise of Business Schools – Management as an Occupation. The business school was invented in the first decade of the 20th century in response to a massive economic transformation in the U.S.

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Steve Blank

JUNE 26, 2014

. — Over the last three years the Lean LaunchPad class has started to replace the last century’s “how to write a business plan” classes as the foundation for entrepreneurial education. The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses.

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Startup Professionals Musings

DECEMBER 17, 2014

Many of the business plans I have seen as an investor, like trying to integrate all the social media features of Facebook, Twitter, and LinkedIn into a new platform, don’t do it. In many business domains today, the market seems to change about every ninety days. It’s tough for an elephant to be agile.

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YoungUpstarts

MAY 9, 2017

Lean is a methodology that can be applied to all disciplines of knowledge work to increase business efficiency, agility, and visibility. Finding this alignment allows organizations to be lightweight and nimble – which allows them to quickly respond to changes in the market and ensure sustainability. Lean Transformations.

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The Startup Magazine

FEBRUARY 14, 2024

The Strategist In the startup world, a strategist is the master of maneuvering through the complexities of business planning and market analysis. Their visionary prototypes and disruptive technologies keep businesses alive and vital throughout their lifespans.

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Up and Running

MAY 3, 2021

In this piece, we look at how you can start growing your SEO business, from business plans to lead generation. What is an SEO business? As the name suggests, an SEO business is a company or agency that performs SEO services for and on behalf of a brand. How to write an SEO business plan that outlines your goals.

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Steve Blank

MAY 6, 2015

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. A major improvement over Waterfall development, Build Measure Learn lets startups be fast, agile and efficient.

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Steve Blank

MAY 9, 2017

I’ve seen the Valley grow from Sunnyvale to Santa Clara to today where it stretches from San Jose to South of Market in San Francisco. But in the 20 th century, dominated by hardware, software, and life sciences, technology swings inside an existing market happened slowly — taking years, not months.

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Steve Blank

DECEMBER 13, 2010

The objective of this course is that groups of students finish with a completed software product that has real customers and an identified market. The goal of course IIC3515 is that students get together in teams (probably of 4) and develop their business idea during the semester, developing the software that represents it.

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Up and Running

AUGUST 17, 2020

As a small business owner, in order to compete with the big players, you need to be able to sell like them. Typically this means investing in sales technology that makes you more agile and is easily scalable as you drive long-term growth. Remember to review your business plan , financial forecasts , and current cash position.

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Startup Professionals Musings

NOVEMBER 7, 2022

After many years in business, working in large companies as well as startups, I’m no longer surprised at why mature and successful companies struggle with introducing innovative new ventures as the market and environment changes. A documented business plan for the new venture is critical here.

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Steve Blank

NOVEMBER 1, 2010

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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The Startup Magazine

JULY 7, 2023

Step 2: Research And Validate Your Business Idea Once you have identified your passion and purpose, it’s crucial to research and validate your business idea. Conduct market research to understand your target audience, competition, and potential demand for your product or service.

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YoungUpstarts

DECEMBER 14, 2017

by Amanda Setili, author of “ Fearless Growth: The New Rules to Stay Competitive, Foster Innovation, and Dominate Your Markets “ Polarization is a common problem for companies trying to make smart and agile strategic decisions. They know how to reach the consumers who are in the market for their products.

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YoungUpstarts

SEPTEMBER 16, 2018

A home-based business should still function in some ways like a bigger firm. They of course need to be agile and adaptable, but home businesses should still have some formalized planning and structure. One area of planning that’s sorely lacking for these types of companies is a plan on protecting data.

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OnlyOnce

MARCH 2, 2016

I’ve written a bunch on this blog and in Startup CEO , about Agile Development and the Lean Canvas and Lean Startups in general (see a really old post on Agile Development from 10 years ago when we first adopted it here , and one on Agile Marketing here ). check in frequently on progress.

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Startup Professionals Musings

APRIL 5, 2021

Attach to the market, not your idea. Passion is an inner phenomenon, but all healthy businesses are rooted outside the founder, in the marketplace. To turn your passion into profits, emphasize the market, and always think about your business relative to the customers you serve. Execute with focused flexibility.

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Steve Blank

MARCH 8, 2011

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. We were positing that 20 years of teaching “how to write a business plan” might be obsolete. is their business worth pursuing (market size).

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crowdSPRING Blog

JANUARY 4, 2013

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! 25 Awesome Free Google Tools for Marketers – [link]. “your business plan cannot be secret anymore.” Dave McClure – [link].

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Social Media Small Business Design Media 100

Startup Professionals Musings

DECEMBER 27, 2015

Many of the business plans I have seen as an investor, like trying to integrate all the social media features of Facebook, Twitter, and LinkedIn into a new platform, don’t do it. In many business domains today, the market seems to change about every ninety days. It’s tough for an elephant to be agile.

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Startup Bandwidth Distribution Agile 120

Small Business Force

SEPTEMBER 18, 2016

Over the years, I’ve written a lot about business plans, especially for early-stage companies trying to raise capital. In actuality, for small business owners, a business plan is essential for any long-term success. But there is a lot of just plain wrong ideas out there about business plans.

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Steve Blank

JANUARY 30, 2013

Doing so meant they would have to take risks for IP acquisition and customer/market risks outside their experience or comfort zone. I earnestly believe that large corporations should emulate Lean Startups (Business model design, Customer Development and Agile Engineering.) Lessons Learned.

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Programming Technical Review Incubator Intellectual Property 269

Up and Running

DECEMBER 6, 2012

It starts with “Plan-As-You-Go” instead of detailed, formal business plans. Lean Planning started with Tim Berry ‘s 2008 “ Plan-As-You-Go Business Plan ” which was a new way for entrepreneurs to think about planning. The business plan should no longer be just a single event.

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SoCal CTO

MAY 4, 2010

No Plan Survives First Contact With Customers – Business Plans versus Business Models - Steve Blank , April 8, 2010 The Twitter Platform's Inflection Point - A VC : Venture Capital and Technology , April 7, 2010 The tradeoff between open and closed - Chris Dixon , April 25, 2010 Not disruptive, and proud of it - A Smart Bear: Startups and Marketing (..)

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Steve Blank

OCTOBER 24, 2017

A version of this article is in the Harvard Business Review. Uber , Zenefits , Tanium , Lending Club CEOs of companies with billion dollar market caps have been in the news – and not in a good way. This era was a “buyer’s market” – there were more good companies looking to get funded than there were VCs. Board Control.

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Hearpreneur

JANUARY 5, 2022

Ambassadors will be given the tools they need to market our product as well as a prize for consumers will like. Our business merges well with the storytelling. 7- Modify marketing strategies. I want to change my company’s marketing strategies and build a better relationship with my customers. Photo Credit: Katy Wrench.

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Steve Blank

OCTOBER 13, 2016

The latter requires speed and agility. Bad Habit #3: Insisting on untested and detailed business plans. Most established companies require detailed business plans for new ideas. Business plans actually maximize the risk of failure because of the focus on executing an unproven idea rather than testing it.

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