Remove Balance Sheet Remove Business Model Remove Lean Remove Management
article thumbnail

Turn What-if to What-Now: The Importance of Scenario Analysis

Up and Running

” It’s been a favorite management tool of mine since my time as VP for a market research firm, and it’s a method I used for decades growing a software company from zero to well over $10 million in annual sales. Simply put it’s a better method of accurately looking forward and business owners know better than mathematicians.

Forecast 120
article thumbnail

How to Think About (and Reduce) Risk When You’re Starting Your Own Business

Up and Running

A bank or fund manager will always ask you what is your appetite for risk; is it low, medium, or high? If your risk tolerance is low, don’t start a business—because most days will contain some risk or other. Before you can start a company, you need a business idea. Write a Lean Business Plan.

Lean 93
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Write a Business Plan for a Cannabis Company

Up and Running

Write your business plan and develop your business model with this in mind so you can avoid these issues. . You can choose from a few different types of business plans depending on your needs. If you’re seeking investment, you need a traditional business plan. Team: Who is on your management team?

article thumbnail

How to Write a Business Plan: Use This Checklist to Keep Yourself on Task

Up and Running

The business plan, in its many different formats, can be used for a variety of purposes, including validating an idea, getting funded, and managing a business successfully. If investors request a traditional plan, you will want to follow the standard business plan outline below. Write the company and management summary.

article thumbnail

How to Write a Business Plan for an Outpatient Medical Practice

Up and Running

A Lean Business Plan might be a better fit if you simply need to think through all the different aspects of your business. A Lean Plan will be shorter, and it lends itself to quick revisions, but both types follow the same general outline. Team: Who is on your management team? Do they self-pay or use insurance?

article thumbnail

The Woodstock of K-12 Education

Steve Blank

It happened recently when a group of educators came to the ranch to learn how to teach Lean entrepreneurship to K-12 students. Over the last few years it’s become clear that the days of teaching “how to write a business plan” as the cornerstone of university entrepreneurship are over. On Fire With A Vision.

Lean 284
article thumbnail

Why Companies are Not Startups

Steve Blank

The Enterprise: Business Model Execution We know that a startup is a temporary organization designed to search for a repeatable and scalable business model. The corollary for an enterprise is: A company is a permanent organization designed to execute a repeatable and scalable business model.

IRR 335