Startup Professionals Musings

DECEMBER 2, 2022

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model.

Business Model 256

Business Model Distribution Viral Green 256

Steve Blank

MAY 17, 2010

Last week one of the schools I teach at invited me to judge a business plan contest. I suggested that they first might want to read my post on why business plans are a poor planning and execution tool for startups. At best I think business plan competitions are a waste of time.

Business Plan 312

Business Plan Business Model Customer Development Deal Flow 312

Steve Blank

OCTOBER 24, 2014

It has three parts: a business model canvas to frame hypotheses, customer development to get out of the building to test those hypotheses and agile engineering to build minimum viable products. Tells you how to design new ventures with it. Value Proposition Design is a “must have” for anyone creating a new venture.

Business Model 335

Business Model Design Customer Development Lean 335

The Startup Magazine

FEBRUARY 19, 2019

Startups with a solid business plan and great pitch deck have a far greater chance of gaining investment. In this essay by one of Mercia’s Fund Principals, Ian Wilson, Ian talks about the sorts of things he and the team are looking for when plans come to them for review. Writing a plan does not need to be a daunting task.

Business Plan 93

Business Plan Technical Review Initial Public Offering Due Diligence 93

Steve Blank

MARCH 3, 2015

Berkeley Haas Business School is a leader in entrepreneurship education. It has replaced how to write a business plan with hands-on Lean Startup methods. The final deliverable for that class was a 30-page business plan. We had multiple business plan competitions. The Business Plan is Dead.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

Up and Running

MAY 1, 2014

You’ve reviewed what a business plan is , and why you need one to start and grow your business. It’s time to dig into the process of actually writing a business plan. In this step-by-step guide, I’ll take you through every stage of writing a business plan that will actually help you achieve your goals.

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Business Plan Forecast Balance Sheet Distribution 163

Hearpreneur

OCTOBER 13, 2023

A well-constructed business model is a foundational element of a business plan and strategy. It provides clarity on how a company plans to succeed in the marketplace and is essential for attracting investors, partners, and customers. Thanks to Jordan Adair, ShirtMax ! #2- Thanks to Rodney Warner, Connective ! #3-

Business Model 134

Business Model Affiliate Jordan B2C 134

Up and Running

NOVEMBER 12, 2018

There are several different types of business plans that can help you stay on track. If you’re seeking a bank loan or outside investment, you probably need a traditional business plan. But if you’re writing a plan as an internal guide for strategic growth, you should consider a lighter version— a Lean Plan.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Steve Blank

JANUARY 28, 2013

He gave my innovation team free reign on designing a new employee innovation program. The design challenge. Our challenge was to design a program that could: Teach participants on how to turn their ideas into fundable experiments. His only request was that we keep two of the original program’s goals: 1. What went right?

Programming 291

Programming Design Lean Seed Money 291

Steve Blank

JANUARY 28, 2013

He gave my innovation team free reign on designing a new employee innovation program. The design challenge. Our challenge was to design a program that could: Teach participants on how to turn their ideas into fundable experiments. His only request was that we keep two of the original program’s goals: 1. What went right?

Programming 283

Programming Design Lean Seed Money 283

Up and Running

AUGUST 28, 2018

If you’re thinking about starting an outpatient medical practice, one of the first things you should do is write a business plan. There are a few different types of business plans , depending on how you intend to use it. There are a few different types of business plans , depending on how you intend to use it.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Up and Running

JANUARY 15, 2018

For web designers, transitioning from working full-time for someone else to freelancing has some perks, like being your own boss and having a more flexible work schedule. But you’ll also be in charge of every aspect of running your business and making hard decisions which can impact the success and growth of your company.

Web 86

Web Design Software Review Elevator Pitch 86

Steve Blank

APRIL 16, 2013

For decades this revered business magazine described management techniques that were developed in and were for large corporations – offering more efficient and creative ways to execute existing business models. The Four Steps drew the distinction that “startups are not smaller versions of large companies.”

Technical Review 327

Technical Review Lean Venture Capital Customer Development 327

Steve Blank

SEPTEMBER 22, 2011

As part of our Lean LaunchPad classes at Stanford, Berkeley, Columbia and for the National Science Foundation, students build a startup in 8 weeks using Business Model Design + Customer Development. Read Business Model Generation pages 1-72, and The Four Steps to the Epiphany Chapter 3. Step 3: Website Logistics.

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Lean Web Coder Business Model 333

Up and Running

JANUARY 29, 2019

You may want to be a consultant, a coach, a designer, or a writer. Though you may be tempted to immediately throw yourself into your new small business, don’t forget a crucial element: creating a business plan. The Lean Plan for solopreneurs. Include only what’s needed in your Lean Business Plan.

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Lean Business Plan Revenue Forecast 64

Steve Blank

NOVEMBER 15, 2010

In previous posts I’ve talked about what the combination of Business Model Design, Customer Development and Agile Methodologies mean to startups and intrapreneurs in large companies; it’s the beginning of entrepreneurship as a science with its own rules and methodologies. Teaching In the Big Apple.

Customer Development 270

Customer Development Business Model Developer Design 270

Steve Blank

APRIL 23, 2014

Most large companies manage three types of innovation: process innovation (making existing products incrementally better), continuous innovation (building on the strength of the company’s current business model but creating new elements) and disruptive innovation (creating products or services that did not exist before.).

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

ReadWriteStart

SEPTEMBER 9, 2022

Once your website is up and running, you’ll need to add content and design it in a way that is user-friendly and visually appealing. Remember, first impressions are everything about online businesses, so ensure your site looks professional and trustworthy. Understanding The Business Model of a B2B Marketplace.

B2B 131

B2B Developer Technical Review Business Model 131

Steve Blank

APRIL 8, 2010

He said, “After we graduated we took our great idea, holed up in my apartment and spent months researching and writing a business plan. We even entered it in the business plan competition. Why a business plan is different than a business model. A plan is static, a model is dynamic.

Business Model 328

Business Model Business Plan Customer Cap Table 328

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.

Lean 248

Lean Business Model Balance Sheet Video 248

Steve Blank

APRIL 16, 2013

For decades this revered business magazine described management techniques that were developed in and were for large corporations – offering more efficient and creative ways to execute existing business models. The Four Steps drew the distinction that “startups are not smaller versions of large companies.”

Technical Review 219

Technical Review Lean Venture Capital Customer Development 219

Steve Blank

MAY 7, 2009

I hate business plan competitions. I Love Business Plan Competitions I had a breakfast with a friend who has founded a few companies in Thailand and started the New Ventures Program at one of their universities. For all the reasons why business plan competitions are wonderful for students from outside the U.S.,

Business Plan 140

Business Plan Silicon Valley RSS Venture Capital 140

Up and Running

OCTOBER 3, 2018

What they don’t usually show on screen on shows like Flip or Flop is that writing a business plan is a must. If you’re thinking about starting a business that buys up homes, fixes them up and then re-sells them at a profit, the first step is to write a business plan. It serves as a mini version of your entire plan.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Argona

JANUARY 15, 2024

Business enterprises, including startups, aim for continuous growth and development as part of their business strategy, but challenges like limited budgets, fierce competition, skill gaps, and inconsistent marketing approaches can hinder their progress. Why is Argona Partners the Best Company to Work With?

Partner 52

Partner Technical Review Indianapolis B2B 52

Steve Blank

SEPTEMBER 1, 2011

In Silicon Valley the equivalent is the journeyman coder or web designer who loves the technology, and takes coding and U/I jobs because it’s a passion. Small Business Startups: Work to Feed the Family. Today, the overwhelming number of entrepreneurs and startups in the United States are still small businesses.

Government 335

Government Silicon Valley Startup Venture Capital 335

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.

Lean 433

Lean Agile Business Model Business Plan 433

Steve Blank

OCTOBER 30, 2012

The class teaches founders how to dramatically reduce their failure rate through the combination of business model design, customer development and agile development using the Startup Owners Manual. When you leave the class, you’ll know how to think about your startup in the now standard “language” of the business model canvas.

Startup 335

Startup Lean Incubator Business Model 335

Steve Blank

JUNE 26, 2014

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. Lessons Learned.

Intellectual Property 281

Intellectual Property Lean IP Open Source 281

Steve Blank

JANUARY 30, 2013

Entrenched Innovation Model Issues : Qualcomm’s existing innovation model – wireless products were created in the R&D lab and then handed over to existing business units for commercialization – was wildly successful in the existing wireless and mobile space. Venture Fest was not integral to their success.

Programming 265

Programming Technical Review Incubator Intellectual Property 265

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. to get hard-earned information.

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Lean Business Model Customer Development Guinea 298

crowdSPRING Blog

NOVEMBER 30, 2012

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Start With a Business Model, Not a Business Plan | WSJ – [link]. The danger of waiting to long to find a business model?

Social Media 100

Social Media Small Business Central African Republic Design 100

Startup Professionals Musings

AUGUST 4, 2013

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 235

Business Model Product Advisory Board Angel Investor 235

Startup Professionals Musings

JUNE 30, 2012

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 248

Business Model Advisory Board Entrepreneur Angel Investor 248

crowdSPRING Blog

MAY 10, 2013

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! crowdSPRING’s Small Business Spotlight: Red Poppy Floral Design – [link]. Steve Case on Risk-Taking, or Lack Thereof, in Business | NYT – [link].

Social Media 93

Social Media Small Business Design Media 93

crowdSPRING Blog

DECEMBER 21, 2012

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Good read about how Aviary changed its business model | The Verge - [link]. “your business plan cannot be secret anymore.”

Social Media 100

Social Media Small Business Design Media 100

Steve Blank

MAY 6, 2015

Founders assumed they understood customer problems/needs, wrote engineering requirements documents, designed the product, implemented /built the hardware/software, verified that it worked by testing it, and then introduced the product to customers in a formal coming out called first customer ship. Generating Hypotheses. Testing Hypotheses.

Lean 120

Lean Agile Business Model Customer Development 120

Steve Blank

OCTOBER 25, 2010

It’s the combination of Business Model Design and Customer Development. Business Model Design. Today every business organization from startup to large company uses the words “business model.” More importantly they showed how any company’s business model could be defined in 9 boxes.

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Customer Development Business Model Developer Customer 329