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- Our primary profit driver is the margin on labor.

Business Model 134

Business Model Affiliate Jordan B2C 134

Startup Professionals Musings

FEBRUARY 10, 2023

Investor due diligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. Check for positive or negative news articles, press releases, relationships, and support of community organizations.

Technical Review 345

Technical Review Due Diligence Term Sheet Offshore 345

Startup Professionals Musings

OCTOBER 30, 2020

I suggest looking for painful problems to solve, rather than “easier to use” or “nice to have” solutions, for customers with money. Customers line up to believe and buy from people who are viewed as leaders or experts relative to a specific solution. Collaborate with customers to tune your solution.

Merger 386

Merger Software Review Acquisition Social Media 386

Startup Professionals Musings

NOVEMBER 20, 2022

As a startup advisor, I see too many entrepreneurs get distracted by technology or their favorite cause, and then wonder why they can’t find an investor, attract customers, or build a long-term business. Customers now put big value on experience, social impact, empowerment, and feedback.

Customer 258

Customer Advertising Cost Networking 258

Startup Professionals Musings

MARCH 22, 2013

Many entrepreneurs think that adapting to the new technologies, like smart phones and Internet commerce, are the key to attracting new customers. In fact, businesses need to adapt just as completely to the changes in the buying and social behavior of consumers. High-technology product startups, without customers, don’t make a business.

Customer 251

Customer Technical Review Startup Social Media 251

YoungUpstarts

OCTOBER 10, 2012

by Bill Lee, author of “ The Hidden Wealth of Customers: Realizing the Untapped Value of Your Most Important Asset “. If so, the business world is full of specialists who are all too eager to help. Brilliant ad agencies and clever marketing communications experts. Your most powerful growth engine is your existing customer.

Customer 154

Customer Fractional CTO Canada Technical Review 154

Steve Blank

JUNE 8, 2021

This class is built on conducting in-person of interviews with customers/ beneficiaries and stakeholders, but due to the pandemic, teams now had to do all their customer discovery via a computer screen. How would customer interviews work via video? See here for an extended discussion of remote customer discovery.).

Lean 410

Lean Security Asia SBIR 410

YoungUpstarts

SEPTEMBER 12, 2012

by Bill Lee, author of “ The Hidden Wealth of Customers: Realizing the Untapped Value of Your Most Important Asset “ The old paradigm works like this: Your company produces goods and services that help customers get a job done. In return, the customers pay you money. The new approach makes so much more sense.

Customer 168

Customer Social Media Retention Canada 168

ReadWriteStart

SEPTEMBER 9, 2022

You’ll want to select a niche with enough potential customers to make the marketplace viable — but not so much competition that it will be challenging to get started. You should also be sure to offer customer service and technical support, so customers remain happy and continue using your marketplace.

B2B 131

B2B Developer Technical Review Business Model 131

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. More importantly, it makes no demands of you to stand and deliver your weekly customer development progress in front of your peers.

Startup 335

Startup Lean Incubator Business Model 335

Hearpreneur

APRIL 28, 2024

#4- Rise of AI Photo Credit: Uku Tomikas This experience has opened my eyes to many technological breakthroughs, each of which uniquely impacts how we communicate and do business. Of these innovations, the most significant is the rise of AI in automating and personalized customer communication.

Technical Review 119

Technical Review Technology Entrepreneur Artificial Inteligence 119

YoungUpstarts

OCTOBER 22, 2012

by Bill Lee, author of “ The Hidden Wealth of Customers: Realizing the Untapped Value of Your Most Important Asset “ Harnessing the power of references and referrals seems like an obvious win. What could make more sense than to leverage the enthusiasm of happy customers to convince buyers that they need your products and services?

Programming 145

Programming Customer Social Media Advisory Board 145

Startup Professionals Musings

SEPTEMBER 24, 2023

In the last few years I have seen a popular business model emerging which embodies a greater focus on social and environmental responsibility, and a new requirement for trust and sharing, as well as customer and community collaboration. Being good in business now looks like an art, with creativity and innovation.

Global 274

Global Business Model Community Channel 274

Up and Running

JUNE 25, 2020

And while generating new business and growing your customer base is necessary to succeed, it doesn’t happen overnight. If your sales have recently hit a plateau, check out these 10 proven methods to continue growing your business. Know your customers. Knowing who your customers are and what they need is vital.

Small Business 180

Small Business Hosting Social Media Community 180

Startup Professionals Musings

MAY 11, 2020

Investor due diligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. Check for positive or negative news articles, press releases, relationships, and support of community organizations.

Technical Review 310

Technical Review Due Diligence Term Sheet Offshore 310

VC Cafe

MARCH 1, 2024

AI to build enterprise software – In the future, every enterprise could have their own custom ERP, CRM or HRIS that is continually updating itself as the company itself is changing. Social Hybrid AI x human communities – messaging & social apps where bots are treated as equal citizens.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

Startup Professionals Musings

JANUARY 10, 2021

In the last few years I have seen a popular business model emerging which embodies a greater focus on social and environmental responsibility, and a new requirement for trust and sharing, as well as customer and community collaboration. Being good in business now looks like an art, with creativity and innovation.

Business Model 351

Business Model Global Community Channel 351

Steve Blank

JUNE 12, 2020

Second, this class – which is built on the idea of interviewing customers/beneficiaries and stakeholders in person – now had to do all their customer discovery via a computer screen. How on earth would customer interviews work via video? At first this seemed to be a fatal stake through the heart of the class.

Oakland 312

Oakland Asia Lean Video 312

Both Sides of the Table

APRIL 19, 2011

I figured if Matt was on the verge of bankruptcy and one mentor changed his trajectory, what if we had a formalized, community-wide program? He is very hands-on and helpful – especially for any company looking into customer acquisition. Passion: Have to be able to motivate people, customers, team, yourself.

Acquisition 304

Acquisition Warrant Customer Term Sheet 304

Hearpreneur

APRIL 9, 2023

#3- Enhanced productivity and efficiency Photo Credit: Jamie Miller Businesses stand to gain a great deal from the efficiency and productivity gains made possible by technological advancements. Data input and customer service are two examples of routine operations that could benefit from the use of automation software. In the U.S.

Technical Review 107

Technical Review Artificial Inteligence Technology Entrepreneur 107

Hearpreneur

JUNE 16, 2023

The pandemic-induced disruptions have spurred innovation and accelerated digital transformation, leading to the emergence of new business models and opportunities. In this article, entrepreneurs from various industries share their economic outlook, offering valuable insights into the current business landscape. #1-

Artificial Inteligence 85

Artificial Inteligence Entrepreneur Retention Technical Review 85

VC Cafe

FEBRUARY 26, 2023

. “superior product vision” – This involves having a clear and compelling vision for a product or service that solves a real problem for customers. To implement this trait, founders need to have a deep understanding of their customers’ needs and pain points, as well as the market landscape.

Founder 88

Founder Cofounder Seed Stage Valuation 88

A Smart Bear: Startups and Marketing for Geeks

JULY 23, 2013

So no, this upside-down business model isn’t what a SaaS business should construct. I wish the modern startup community would understand the mindset that gets a company to this point, and resist it. The mindset works like this: It costs a lot of money to land an enterprise customer. ” It’s worse.

Business Model 335

Business Model .Net Revenue IPO 335

The Entrepreneurial Mind

MARCH 14, 2011

The disruption that has occurred is due to the Internet and other technological breakthroughs, fundamental changes in customer behavior and a chronic recession. Being a successful entrepreneur in the emerging new music industry will require a willingness to forget the old business models. So what has changed?

Business Model 67

Business Model Social Media Technical Review Distribution 67

Hearpreneur

DECEMBER 28, 2022

3- Increase engagement with customers. In 2023 I plan to engage with my customers and social media followers more extensively. Furthermore, it will help me create content that consistently adds value for my customers. We're making a change in our business next year. 7- Improve customer experience.

Social Media 122

Social Media Entrepreneur Retention Finance 122

ConversionXL

SEPTEMBER 6, 2013

The most common mistake startups make is assuming they can operate the same way big companies do, and expect success with little to no feedback from potential customers. A corporation like Starbucks could pick locations by throwing a dart at a map and know they’ll at least break even with a new location and mediocre customer service.

Customer Development 126

Customer Development Conversion Developer Customer 126

Startup Professionals Musings

SEPTEMBER 15, 2021

Even without B-Corp status, entrepreneurs are speaking out more on the positives to support business models that benefit not just shareholders, but customers, workforce, the environment, and the greater community. Of course, investors still require a profitable business model, and the potential for high returns.

Vermont 373

Vermont Maryland Startup California 373

The Startup Magazine

MARCH 29, 2024

This isn’t just about having a eureka moment; it’s about understanding the problem you’re solving and why it matters to your potential customers. Designing Your Business Model Crafting a business model is like building a blueprint for your venture.

Intellectual Property 158

Intellectual Property Angel Investor Business Model Bootstrapping 158

Steve Blank

FEBRUARY 23, 2016

As we prepared for the new Hacking for Defense class at Stanford, we had to stop and ask ourselves: How do we use the Business Model Canvas if the primary goal is not to earn money, but to fulfill a mission? In other words, how can we adapt the Business Model Canvas when the metrics of success for an organization is not revenue?

Business Model 120

Business Model Revenue Channel Community 120

Up and Running

JUNE 7, 2021

Once united merely by their commitment to providing value for their companies and their customers, they are now united in being of value to society. To the extent that focusing solely on making money is now seen as bad for business. Because today’s customers tend to show greater loyalty to companies that do good in society.

Framework 191

Framework United States Employee Vesting 191

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. This post is part one.

Lean 303

Lean Business Model Customer Development Guinea 303

Startup Professionals Musings

NOVEMBER 18, 2020

Here are some key principles to consider in every case: Solve a significant problem for customers with money. Just because you love to share things you cook with the hungry, doesn’t mean you can make it a business. A business requires a community of advocates and customers who share the same interests and attributes.

Business Model 363

Business Model eCommerce Community Social Media 363

Startup Professionals Musings

DECEMBER 2, 2015

Since the financial downturn of 2008, I have seen a new business model emerging which embodies a greater focus on social and environmental responsibility, and a new requirement for trust and sharing, as well as customer and community collaboration. Customers and team members must be inspired, rather than pushed.

Business Model 120

Business Model Global Community Channel 120

Hearpreneur

MARCH 15, 2023

I wanted to provide customers with a safe and reliable way to secure the funding they need. With our commitment to responsible lending, we make sure that our customers can access the funds they need while ensuring they remain in control of their finances. I poured my heart and soul into my business and never looked back.

Entrepreneur 110

Entrepreneur Finance Affiliate Social Media 110

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.

Partner 52

Partner Technical Review Indianapolis B2B 52

Startup Professionals Musings

MAY 30, 2021

There is also more going on in every location, so this personal need and super sensitivity to the local community has spawned a new breed of Internet startups, called “hyperlocal.” The term first appeared at least ten years ago, but the model is now very common. Local business price points have to be low.

Finder 361

Finder Startup Curation Seattle 361

YoungUpstarts

JANUARY 7, 2018

The digital revolution is disrupting the traditional business model for small and medium businesses (SMBs). The traditional advantages of small businesses over corporations are personalized service and an inventory of niche products tailored to their local market. Decide if a forum comment violates community guidelines.

Artificial Inteligence 164

Artificial Inteligence Analytics SCRUM Cofounder 164