Up and Running

JANUARY 15, 2018

Your Lean Plan should include an overview of your strategy and tactics (problem-solving and possible solutions), your business model (including your target market and competition), and a schedule of what you’re doing and when. You should also include some core financials such as a sales forecast, expense budget, and cash flow forecast.

Web 86

Web Design Software Review Elevator Pitch 86

Up and Running

NOVEMBER 12, 2018

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.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Up and Running

MAY 23, 2016

The one-page pitch format is also more suitable for SaaS businesses that are constantly testing new ideas. Your pitch is going to cover your strategy (what you’re going to do), your tactics (how you’re going to do it), your business model (how you will make money), and your schedule (who is doing what and when).

Software Review 74

Software Review Software Delaware Forecast 74

Up and Running

MAY 1, 2014

Your business plan isn’t complete without a financial forecast. One sentence business overview. At the top of the page, right under your business name, include a one-sentence overview of your business that sums up the essence of what you are doing. If your business model (i.e., “how

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

Duct Tape Marketing

NOVEMBER 2, 2023

The rising importance of predictive AI-driven analytics became clear, hinting at a future where forecasts will shape decisions. I think the net of it is it went from HubSpot teaching a business model to follow to more of a partner program where you're reselling technology. So that's pretty new. It's a standalone feature.

Metrics 72

Metrics Analytics Forecast Software Review 72

Up and Running

AUGUST 28, 2018

You should go into this thinking about your business plan as a living document, not something you do once and then file away forever. Revisit and update it regularly by comparing your forecasts to your actuals and adjusting as necessary. First, your business plan laid out the opportunity at hand. Be specific.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Up and Running

AUGUST 28, 2019

Give your company a name. Name your trusted inner circle of company leaders (or just yourself). Having both will add cost, but they should also add significant peace of mind to your work throughout this process. Also, creating a quick lean financial forecast will help ensure your business idea is viable and financially sound.

Delaware 83

Delaware Stock Nevada Technical Review 83

Up and Running

OCTOBER 3, 2018

Whichever type of plan you choose, remember that a business plan is a living document. Set a specific time each month to review it , comparing forecasts to actuals and revising as necessary. Assumptions change based on experience, and your business plan should change along with these assumptions. This is your value proposition.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Up and Running

AUGUST 30, 2017

You want to review all the different components of your business model. This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. What is your business model? How will you grow?

Business Plan 93

Business Plan SBA Software Review Advisory Board 93

The Startup Magazine

NOVEMBER 27, 2022

Name of your business. Market forecast. Projected costs and profit. Overall business model. This policy protects your business against work-related injuries, sicknesses, and negligence claims. Not sure this policy is worth the cost? Business Owner’s Policy . Financials.

United States 143

United States Operations Small Business Forecast 143

David Teten

AUGUST 6, 2015

Michael also observes, “One other comment I think would be worth mentioning, even though it seems ridiculously obvious, is the importance of speaking with model users about what is and isn’t important to them when analyzing a model….So Naming your file “Forecast.xls” does not make you look considerate or organized.

Balance Sheet 60

Balance Sheet Software Review Forecast Acquisition 60

Gust

JANUARY 4, 2012

Starting with the first point, in general, IP assets of demonstrable value that are relevant to the startup’s business can only help when pitching investors. This could include anything from a clever domain name in the coveted.com TLD to issued patents or patent applications that could serve as barriers to entry for potential competitors.

Intellectual Property 143

Intellectual Property IP Startup United States 143

Steve Blank

NOVEMBER 1, 2010

When Iridium was first conceived inside Motorola in 1987, worldwide cell phone coverage was sparse, calls were unreliable and per minute costs were expensive. Cell phone handsets were the size of a lunch box and cost thousand of dollars. But Iridium’s business model assumptions were fixed like it was still 1990.

Business Plan 335

Business Plan Customer Business Model Customer Development 335

Up and Running

OCTOBER 30, 2017

This article is part of our “ Business Startup Guide ”—a curated list of our articles that will get you up and running in no time! People often ask us for a list of steps they can use to start their own business. From business type to business model to physical location, there are so many variables!

Venture Capital 166

Venture Capital Business Plan Limited Liability Company Finance 166

Up and Running

FEBRUARY 12, 2019

Instead, use real names and real customer challenges. Outline your business model. Your business model tells an investor how your idea will (or does) convert into being economically viable. The best way to show you how to communicate your business model is to show you an example of a good one.

Sweat Equity 122

Sweat Equity Churn Rate Elevator Pitch Forecast 122

ReadWriteStart

APRIL 14, 2011

Girish and his team are former Zoho employees and bring to their entrepreneurial efforts the perspective and learnings of Zoho, which has been successful in drastically undercutting high-end competitors in a major market, namely CRM, the office suite, and so on. The value proposition is well articulated, validated, and very clean.

India 126

India Technical Review Entrepreneur Silicon Valley 126

Up and Running

NOVEMBER 23, 2021

Did you, as an eCommerce store owner, know that for online retailers, the average cost to fulfill an order is about 70% of the average order value ? Especially when you’re busy managing several large and small functionalities that form just a part of the entire selling process. What models of eCommerce fulfillment are available?

eCommerce 110

eCommerce Customer Retention Reputation 110

YoungUpstarts

MAY 26, 2017

Use a Bottom-Up Model. A common mistake is using a top-down model to forecast financials. This model tends to be way too optimistic, and ultimately unrealistic. Using the bottom-down model, you use your current situation and capabilities to see where you can reasonably go from there. Observe the 10/20/30 Rule.

Cofounder 185

Cofounder Silicon Valley Forecast Business Plan 185

YoungUpstarts

FEBRUARY 14, 2017

Indeed some of the biggest names out there started off as a completely different business; including Twitter, Nintendo and most recently, Slack. But pivoting applies to all businesses and the theory behind it is exactly the same. Your Pivot is likely to cost money and time. Business architecture pivot.

Technical Review 157

Technical Review Architecture Revenue Channel 157

Up and Running

DECEMBER 9, 2014

Bates: Good morning and welcome to our CEO panel, “How to Fine-Tune Your Small Business Finances From Funding to Growth” which I think is the direction that we would all like to be going. My name is John Bates. I just wanted to break down those two pieces real quick the time side and the cost side.

Small Business 95

Small Business Finance Forecast Metrics 95

Startup Professionals Musings

FEBRUARY 13, 2016

How does your business model make money? Good causes such as feeding the world’s hungry may help your marketing but may not sustain a business. The business model has to clearly define who is your customer, market penetration expected, how much customers pay versus total costs and the investment required to sustain cash flow.

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

Up and Running

OCTOBER 21, 2014

‘Starting a business’ really only comes down to figuring out your business idea ; doing your paperwork; and sorting out the money. Given the number of funding resources available today, you shouldn’t have too much of a problem getting that initial start-up cash, especially if you focus on a lean business model or MVP route to market.

Elevator Pitch 166

Elevator Pitch Software Review SBA Business Plan 166

Steve Blank

DECEMBER 7, 2010

Business schools teach aspiring executives a variety of courses around the execution of known business models, (accounting, organizational behavior, managerial skills, marketing, operations, etc.). In contrast, startups search for a business model. (Or to optimize this search. to optimize this search.

Wiki 316

Wiki Lean Management Business Model 316

Up and Running

OCTOBER 8, 2015

The amount of research you do really depends on the type of business you are starting, how risky your business model is, and who might be reading your business plan. Detailed market research isn’t necessary for all businesses. What Is a Market Forecast? Find out if your market is big enough.

Marketing 60

Marketing Forecast CTO Hire Finder 60

Up and Running

JANUARY 24, 2014

Instead, use real names and real customer challenges. Outline your business model. Your business model tells an investor how your idea will (or does) convert into being economically viable. The best way to show you how to communicate your business model is to show you an example of a good one.

Sweat Equity 138

Sweat Equity Churn Rate Forecast Business Model 138

Startup Professionals Musings

AUGUST 13, 2012

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Explain the business model. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Financial forecast and metrics.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Entrepreneurs-Journey.com by Yaro Starak

FEBRUARY 11, 2011

In America, the cost of doing business is very high. In addition, the malls and department stores that we buy from have large fixed costs and an overhead structure that they have to pass on to us – the consumers. Essentially by cutting as much of the supply chain as possible, and lowering the cost of doing business (i.e.

SEO 86

SEO PPC America Design 86

Duct Tape Marketing

FEBRUARY 28, 2022

You know, the cost of labor, but also consumption. Well, Uber has actually made new things possible in cities, new business models possible, uh, new businesses possible. Now, clients say that their virtual executive assistants have made an impact on their business. There are no contracts and no additional costs.

Technical Review 60

Technical Review Networking United States Artificial Inteligence 60

Startup Professionals Musings

MAY 13, 2011

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Explain the business model. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Financial forecast and metrics.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Startup Lessons Learned

JUNE 5, 2009

Certainly venture-backed startups don’t have this luxury – every business plan has a model in it. Just because entrepreneurs tend to forget about these models doesn’t mean their investors do. Companies that reliably fail to make their forecasted numbers are exceptionally prone to “management retooling.&#

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Gust

AUGUST 5, 2012

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Explain the business model. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Financial forecast and metrics.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Up and Running

MAY 22, 2018

Every successful small business goes through four stages during its entire existence: Existence : expanding from pilot production to broad-scale production. Survival : generating enough cash flow to stay in business. Success : business model works and is stable, but there is still untapped potential. Create an MVP.

Exit Strategy 90

Exit Strategy Angel Investor Search Elevator Pitch 90

Startup Professionals Musings

APRIL 22, 2010

Explain in terms your mother could understand, and quantify the “cost-of-pain” in dollars or time. Explain the business model. Many people seem to use the social network advertising model for revenue, but forget it requires at least 100M users and $50M investment. Financial forecast and metrics.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Austin Startup

SEPTEMBER 17, 2017

A business model must be created out of whole cloth, and generally it’s a compilation of assumptions piled on top of other assumptions. Every model has a happy outcome when a founder is trying to convince himself or herself, a team, an investor, or even a spouse that the venture ahead is a good idea.

Valuation 48

Valuation Forecast Seed Money Business Model 48

Up and Running

APRIL 23, 2018

To be frank, there are actually a number of sectors that allow you start a perfectly successful business without ever having any real passion for the sector or business model itself. Keep your startup costs low. As you get started, put together a business plan. How will you sell?

eCommerce 90

eCommerce Design Social Media Cost 90

Duct Tape Marketing

NOVEMBER 11, 2021

It actually costs the company less than a thousand dollars to do that, to send somebody over for a day. So it really wasn't much of a cost to go to the extent of creating this coffee table book. You will certainly be able to find something that appeals to your business and works for you. Oh, I finally got these things done.

Affiliate 95

Affiliate Advisory Board Networking Programming 95

Venture Chronicles

JUNE 10, 2011

Customer Lifetime Value (CLV) is an important metric in any SaaS business, it explains the potential for profitability and more directly the extent to which a company should spend to acquire customers, measured as Customer Acquisition Cost (CAC).

Analytics 36

Analytics Forecast Retention Metrics 36