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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. Will businesses open slowly? Impact on sales: If sales go down 30%? What is a scenario analysis?

Forecast 120
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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. What is the ideal kind of business for you to sell to?

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

Up and Running

If investors request a traditional plan, you will want to follow the standard business plan outline below. If you’re creating a plan to manage your business once you’re up and running, a Lean Plan will suit you best. If you’re simply trying to validate a business idea, you’ll use the One-Page Pitch format.

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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. Components of this section include: Your marketing and sales plan.

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The Evolution of Entrepreneurial Education and Corporate Innovation

Steve Blank

Lean LaunchPad class developed for Stanford. Steve Blank: When I first starting teaching, the capstone entrepreneurship class was how to write a business plan. Other classes were on how to prep for VC pitches or develop the five year income statements, balance sheets and cash flows or read case studies. Worth a read.

Incubator 331
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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
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How to Write a Convincing Business Plan for Investors

Up and Running

Having a business plan shows that you’ve done the homework of thinking through how your business will work and what goals you’re trying to achieve. A business plan provides the structure for thinking through these things and documents your answers so you’re prepared for the inevitable questions investors will ask about your business.