Remove Business Model Remove Cash Position Remove Cost Remove Social Media
article thumbnail

How to Write a Business Plan for a Subscription Box Service

Up and Running

Defining the problem you’re trying to solve is an important part of your business plan because it’s the first place where you’ll demonstrate that idea is viable—that you can actually make money with your business model and idea. Share of the Market (SOM) : Your SOM is who you will reach in your first few years of business.

article thumbnail

8 Challenges To Overcome In The Growth Of Hyperlocal

Startup Professionals Musings

Most people have heard of Foursquare for local nightlife and Airbnb for rooms, but other nationally recognized sources for local services are still hard to find, including social media, local news, advertising, and event calendars. Business founders need deep pockets for this model.