Remove Business Model Remove Business Plan Remove Demand Remove Intellectual Property
article thumbnail

9 Business Model Components For New Business Funding

Startup Professionals Musings

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008.

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. Executive summary. Be specific.

Insiders

Sign Up for our Newsletter

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

article thumbnail

I-Corps @ NIH – Pivoting the Curriculum

Steve Blank

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses.

article thumbnail

How to Protect IP When Outsourcing Software Development

Up and Running

In many areas, however, the high demand for tech talent appears to be larger than the supply of qualified tech and software developers for hire. The last thing you want is to have simply handed your idea and your intellectual property over to a potential competitor. It’s a way to reduce your business’s risk.

IP 80
article thumbnail

These 8 Disciplines Define A Fundable Entrepreneur

Startup Professionals Musings

A C-corporation is more complex and expensive, and is recommended only if you expect to pitch to professional investors who demand preferred stock, or to more than 100 potential shareholders. Don’t put your family assets at risk by assuming that a sole proprietorship or partnership will cover your business needs.

article thumbnail

5 Venture Periods Call For Unique Funding Strategies

Startup Professionals Musings

It never hurts to start networking personally with all levels of investors early, but sending out teasers and business plans to every name you can find on the Internet is a waste of your time and theirs. It’s time to scale up and I need money to keep up with demand.” Congratulations!

article thumbnail

7 Lessons They Don’t Teach You In Crowdfunding School

Startup Professionals Musings

Here are seven lessons I’ve accumulated from real life experiences on how crowdfunding can lead you astray -- and guidance on how to offset these potential negatives: Keep your attention on the business model as well as the solution. Resist the temptation to skip the business plan.