article thumbnail

Human Engineering and Emotional Intelligence for Startups

VC Cafe

make a copy of this Google doc template of the Business Model Canvas to re-jig who your users, collaborators, channels and business model(s). 3) Motivate yourself and your team – no one is going to lay out your strategy and plan for you.

Engineer 145
article thumbnail

Every Online User Platform Needs Revenue To Survive

Startup Professionals Musings

You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price. Build a business plan for profitability in your lifetime. The challenge is not to undermine growth by a blind focus on profits.

Revenue 297
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fear of Failure and Lack of Speed In a Large Corporation

Steve Blank

I just spent a day working with Bob, the Chief Innovation Officer of a very smart large company I’ll call Acme Widgets. I suggested the best place to start the conversation is with the 21 st century definition of a startup: A startup is a temporary organization designed to search for a repeatable and scalable business model.

Widget 120
article thumbnail

How To Set A Balance Of User Growth Vs Profitability

Startup Professionals Musings

You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price. Build a business plan for profitability in your lifetime. The challenge is not to undermine growth by a blind focus on profits.

Widget 185
article thumbnail

Lean Analytics: The Best Numbers for Non-Tech Companies

Startup Lessons Learned

We often tell founders that a business plan is nonsense. A business model, on the other hand, is a snapshot of your business assumptions at this moment in time. It''s that the business model is complex. But if my measurements show me that people will only pay $8 a widget, is that a failure?

Analytics 167
article thumbnail

Growth Without Profits Isn’t A Sustainable Business

Startup Professionals Musings

You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price. Build a business plan for profitability in your lifetime. The challenge is not to undermine growth by a blind focus on profits.

Widget 242
article thumbnail

4 Ways To Make Profits Part Of Your Growth Strategy

Startup Professionals Musings

You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price. Build a business plan for profitability in your lifetime. The challenge is not to undermine growth by a blind focus on profits.

Widget 137