Startup Professionals Musings

JUNE 7, 2020

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solo entrepreneurs, with a team of helpers, will be assumed to be a hobby rather than a business.

Entrepreneur 328

Entrepreneur Exit Strategy Metrics Operations 328

NZ Entrepreneur

NOVEMBER 14, 2019

One of the main (and early) steps is to make a considered decision about what IP means to your business and what IP tools will be used to support your business model. Not doing so can cause big problems later for your business. Patent infringement was certain had the New Zealand company entered the US market.

Intellectual Property 45

Intellectual Property IP Software Review New Zealand 45

ReadWriteStart

JUNE 1, 2020

The next reason is to establish a competitive advantage over your competition and quickly acquire a substantial market share. Let’s take an example – In the case of an internet or app business, the user traction and market penetration is a must. Establish a competitive advantage. Both of which are expensive and time-consuming.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Startup Professionals Musings

NOVEMBER 4, 2011

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress angel investors. Free trials don’t count.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Duct Tape Marketing

APRIL 18, 2024

Gain Freedom With The Hands Off CEO Blueprint written by John Jantsch read more at Duct Tape Marketing The Duct Tape Marketing Podcast with John Jantsch In this episode of the Duct Tape Marketing Podcast, I interviewed Mandi Ellefson. 01:03): Hello and welcome to another episode of the Duct Tape Marketing Podcast.

Framework 64

Framework Sales Cycle Sales Hiring 64

Startup Professionals Musings

SEPTEMBER 23, 2010

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress angel investors. Free trials don’t count.

Angel Investor 224

Angel Investor Intellectual Property Technical Review Elevator Pitch 224

Startup Professionals Musings

AUGUST 27, 2012

The approach I recommend is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Here are the ten slides you need: Problem and market need. Investors like $1B markets with double-digit growth rates.

Elevator Pitch 247

Elevator Pitch Exit Strategy Burn Rate Merger 247

Up and Running

JULY 2, 2014

Picking the right attorney in your startup is as important as picking the right business partner. You can’t underestimate the importance of selecting an attorney who “gets” your business model, your market opportunity, and most importantly, your fundraising and exit strategy.

Technical Review 118

Technical Review Angel Investor Due Diligence Dilution 118

Startup Professionals Musings

JULY 27, 2018

Here are the unique business elements that I expect to hear as a potential investor: Target market size and growth projections. Most investors won’t be interested unless you can show them a large market (billion-dollar opportunity), with a double-digit growth rate. Business model showing costs, pricing, and margins.

Product 145

Product Intellectual Property Liquidity Event Exit Strategy 145

Startup Professionals Musings

AUGUST 13, 2012

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Clearly define the customer, channel, and revenue model associated with this solution. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Startup Professionals Musings

MAY 28, 2016

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solo entrepreneurs, with a team of helpers, will be assumed to be a hobby rather than a business.

Exit Strategy 155

Exit Strategy Metrics Operations Cost 155

Startup Professionals Musings

AUGUST 8, 2016

Without profit there is no business. By profit, I simply mean offering a product or service to customers for a price that exceeds the total costs associated with the solution, thus providing some basis for recovering sunk costs and generating a return for stakeholders. Validate your business model on real customers.

Intellectual Property 120

Intellectual Property Entrepreneur Elevator Pitch Exit Strategy 120

Startup Professionals Musings

JUNE 10, 2011

The approach I recommend is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Here are the ten slides you need: Problem and market need. Investors like $1B markets with double-digit growth rates.

Elevator Pitch 234

Elevator Pitch Exit Strategy Burn Rate Merger 234

Startup Professionals Musings

MAY 13, 2011

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Clearly define the customer, channel, and revenue model associated with this solution. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Startup Professionals Musings

AUGUST 7, 2015

Here are the motivation elements that investors expect to hear: Size and growth potential of the market opportunity. Your customers don’t care if you are targeting a billion-dollar market and growing at double-digit rates, but investors will skip small or shrinking opportunities. First to market” is not sustainable by a startup.

Product 120

Product Intellectual Property Liquidity Event Burn Rate 120

Startup Professionals Musings

MAY 19, 2010

An alternative approach, which I prefer, is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Here are the ten slides you need: Problem and market need. Investors like $1B markets with double-digit growth rates.

Elevator Pitch 235

Elevator Pitch Exit Strategy Burn Rate Merger 235

Startup Professionals Musings

FEBRUARY 13, 2016

Investors are looking for a concise description of your product or service without technical jargon or fuzzy marketing terms with value quantified in customer terms. How big and growing is the total market and your target segment? They like billion-dollar markets with double-digit growth rates.

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

Startup Professionals Musings

JUNE 26, 2020

Thus I offer the following outline for how to organize and present your business plan, with specific examples: Start with outlining the customer problem, and your solution. For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Use non-fuzzy terms to quantify customer value.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Startup Professionals Musings

MAY 24, 2015

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solo entrepreneurs, with a team of helpers, will be assumed to be a hobby rather than a business.

Exit Strategy 120

Exit Strategy Metrics Operations Cost 120

Gust

AUGUST 19, 2012

The approach I recommend is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Here are the ten slides you need: Problem and market need. Investors like $1B markets with double-digit growth rates.

Elevator Pitch 146

Elevator Pitch Exit Strategy Burn Rate Merger 146

Startup Professionals Musings

JANUARY 31, 2015

Would you be comfortable buying a house from a builder, or building one yourself, with no plan on timeframes, costs, and features? I hope not. Most investors tend to think of startups without a plan as expensive hobbies.

Business Plan 120

Business Plan Silicon Valley Startup Exit Strategy 120

Gust

AUGUST 5, 2012

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Clearly define the customer, channel, and revenue model associated with this solution. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Startup Professionals Musings

DECEMBER 24, 2012

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress Angel investors. Free trials don’t count.

Angel Investor 260

Angel Investor Intellectual Property Elevator Pitch Angel Groups 260

Startup Professionals Musings

APRIL 22, 2010

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Clearly define the customer, channel, and revenue model associated with this solution. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

www.inc.com

SEPTEMBER 24, 2011

The Goods: Your Business Toolbox | Thursdays. Todays Small Business News | Daily. Sales & Marketing | Wednesdays. Writing A Business Plan. Financing A Small Business. Business Taxes. Selling A Business. Exit Strategies. Strategy and Planning. SALES & MARKETING. Newsletters.

Arizona 40

Arizona Equity Iowa Venture Capital 40

Gust

DECEMBER 16, 2012

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress Angel investors. Free trials don’t count.

Angel Investor 179

Angel Investor Intellectual Property Elevator Pitch Angel Groups 179

Startup Professionals Musings

JUNE 2, 2013

The single most important ingredient of success is not the idea, but having a team in place that has impeccable integrity, can iterate the product quickly, pivot the business model as necessary, and keep costs down in the process. Exit strategy. No exit strategy means no return to investors.

Cram Down 269

Cram Down Angel Investor Intellectual Property Venture Capital 269

Up and Running

MAY 15, 2018

Innovative products and business models are the foundations of a promising startup. Funding is crucial for improving technology, hiring the right people, and launching a comprehensive marketing strategy to get a foothold in the market. Creating a scalable business model. Sure, it should be unique.

SBA 84

SBA Angel Investor Technical Review Startup 84

Up and Running

MAY 1, 2014

What are you actually selling and how are you solving a problem (or “need”) for your market? Target Market. If there are multiple market segments for your business, this is where you flesh out the details. Marketing and Sales Plan. How are you going to reach your target market? Target market.

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

Up and Running

NOVEMBER 12, 2018

A subscription box business plan will include the following components: Executive summary. Target market (intended customers). Marketing and sales plan. Target market : What groups of people will want your box? Team : Who are your coworkers and what’s their business experience? Target market. Operations.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Startup Professionals Musings

SEPTEMBER 28, 2015

If the elements of your business aren't expertly developed and aligned, even the best dream will be in jeopardy. Such failures ignore the essential business elements investors look for before committing to a startup. A large and growing market opportunity. A focus on a specific market segment.

Exit Strategy 120

Exit Strategy Technical Review Distribution Viral 120

Up and Running

OCTOBER 3, 2018

PARE specializes in fixing and flipping residential properties by buying homes in need of repair, renovating them, and then putting them back on the market. Your executive summary will include the following sections: Who you are: Your business name, location, and contact information. . Target market: Who is your ideal buyer?

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Up and Running

APRIL 28, 2015

Your business model has to truly be similar to the company you are referencing. If you aren’t solving some problem in the world, you are going to have a long uphill climb with your business. The more you can make the problem as real as possible, the more your investors will understand your business and your goals.

Forecast 60

Forecast Hockey Stick Exit Strategy Intellectual Property 60

Hearpreneur

MAY 15, 2020

My struggles lead to all kinds of problems including getting cited by OSHA and TCEQ, skyrocketing insurance costs & lost business opportunities. 13-Obsession to digital marketing and serving people. Business in my perception is all about fulfilling the needs of people and by the people. Photo Credit: Kendra J.

Entrepreneur 127

Entrepreneur LLC Los Angeles San Francisco 127

David Teten

DECEMBER 3, 2019

In liquid markets, most of the calories expended on technology and analytics are focused on trade selection, or “ origination ”. I use another live Google doc to maintain my database of companies I’m marketing to other VCs. 2) Market . Many tools designed for B2B marketing in general are also relevant to investors.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Entrepreneurs-Journey.com by Yaro Starak

FEBRUARY 11, 2011

In this post, I want to lay out the details involved in how I first realized the opportunity, the formation of the business idea, the search for my supplier, the establishment and growth of the business, problems encountered and lessons learned, as well as the exit strategy that resulted in the $250,000 sale of the business.

SEO 86

SEO PPC America Design 86

Entrepreneurs-Journey.com by Yaro Starak

MARCH 25, 2011

In the case of business, I want to ensure that there is a profitable exit strategy. Eventually the Internet came along and the Trading Post no longer commanded the secondhand market like it once did (though it did successfully transition online).

Affiliate 112

Affiliate Internet Software Review Advertising 112