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Startups Need the Eight P’s for Successful Funding

Startup Professionals Musings

There is no product idea good enough to overcome bad partners. We look for many attributes amongst the team, including communication, leadership and management skills, subject matter knowledge, business expertise, relevant experience, openness to influence, team cohesion, motivation, integrity and credibility.

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ESADE Business School Commencement Speech

Steve Blank

Cheered on by finance professors, Wall Street analysts, investors and hedge funds, companies have learned how to make metrics like Internal Rate of Return look great by one; outsourcing everything, two, getting assets off their balance sheet, and three only investing in things that pay off fast. Act Like a Startup.

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No Plan Survives First Contact With Customers – Business Plans versus Business Models

Steve Blank

They collected information that justified their assumptions about the problem, opportunity, market size, their solution and competitors and the their team, They rolled up a 5-year sales forecast with assumptions about their revenue model, pricing, sales, marketing, customer acquisition cost, etc. It was an exquisitely crafted plan.

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8 Reasons Having a Business Plan Is Important for Small Businesses

Up and Running

You don’t need to write a 200-page document, but you will need something to hand to your banker or investor that shows that there’s a market for the problem your business solves and includes your key financial statements and forecasts. . The other two are your balance sheet and your income statement (P&L). .

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8 Reasons Having a Business Plan Is Important for Small Businesses

Up and Running

You don’t need to write a 200-page document, but you will need something to hand to your banker or investor that shows that there’s a market for the problem your business solves and includes your key financial statements and forecasts. . The other two are your balance sheet and your income statement (P&L). .

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

Up and Running

Before you can start a company, you need a business idea. Unless you have invented something revolutionary, stick with a business model that involves something you are passionate about and do it better than anyone else. Your business plan can be a Lean Plan , meaning that it doesn’t need to be lengthy.

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What Are the Top Governance Challenges for Hospital Boards?

Board Effect

Board directors should also be aware that physicians rely less on hospitals for job security than they used to due to changes in the structure of hospital business models. Physicians usually now have more technological expertise than most board members, which makes them critical partners for board members.