Startup Professionals Musings

JANUARY 30, 2021

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Defining the right business model requires the same diligence as designing the right product, but the approach and skills required are different.

Technical Review 399

Technical Review Product Advisory Board Business Model 399

Startup Professionals Musings

OCTOBER 9, 2023

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Defining the right business model requires the same diligence as designing the right product, but the approach and skills required are different.

Technical Review 220

Technical Review Advisory Board Software Review Business Model 220

Startup Professionals Musings

FEBRUARY 7, 2015

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Defining the right business model requires the same diligence as designing the right product, but the approach and skills required are different.

Business Model 120

Business Model Technical Review Advisory Board Software Review 120

Startup Professionals Musings

APRIL 11, 2022

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Startup Professionals Musings

FEBRUARY 8, 2020

Entrepreneurs see “no risk” as meaning “no reward.” There are no guarantees in business, but it pays to learn from the experiences of entrepreneurs and business experts who have gone before you. Investors hate technology solutions looking for a problem, due to the high risk of no customers.

Management 322

Management Entrepreneur Forecast Stock Options 322

Steve Blank

JANUARY 27, 2011

The most visible step was the first International Business Model Competition , hosted by the BYU Rollins Center for Entrepreneurship and Technology. We’ve been teaching that the difference between a startup and an existing company is that existing companies execute business models, while startups search for a business model.

Business Model 275

Business Model Utah Intellectual Property Agile 275

Startup Professionals Musings

DECEMBER 2, 2022

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model. Target market. Target market.

Business Model 256

Business Model Distribution Viral Green 256

Startup Professionals Musings

FEBRUARY 14, 2022

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point. Nail the business model.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

YoungUpstarts

AUGUST 27, 2020

The most successful entrepreneurs have always used the realities of the environment around them as a basis for exploring opportunities and developing new ideas that actually provide value for people and are structured to create profit. Everyone is attempting to analyze the long-term effects of the current changes on human behavior.

Entrepreneur 246

Entrepreneur Technical Review Startup LLC 246

Steve Blank

JANUARY 17, 2023

Venture Studios are an “idea factory” with their own employees searching for product/market fit and a repeatable and scalable business model. Most are founded and run by experienced entrepreneurs that have previously built companies and who understand the difference between theory and practice. How Venture Studios Work.

Technical Cofounder 346

Technical Cofounder Intellectual Property Technical Review Incubator 346

Steve Blank

APRIL 12, 2010

Each sale requires us to handhold the customer and takes way too long to close. He took a deep breath, looked around the boardroom table and then proceeded to outline a radical reconfiguration of the product line (repackaging the products rather than reengineering them) and a change in sales strategy, focusing on a different customer segment.

Business Model 332

Business Model Agile Customer Development Startup 332

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 128

Business Model Affiliate Jordan B2C 128

Startup Professionals Musings

MAY 19, 2023

Entrepreneurs who experience success with their first startup are often amazed to realize that the risks and fears of doing it right the second time go up, rather than down. Encores are tough, especially in the high-risk world of startups, yet every entrepreneur I know can’t wait to start over and do it again. Eat your own dog food.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229

Startup Professionals Musings

SEPTEMBER 9, 2019

On the other hand, everyone wants to be an entrepreneur. His focus is on entrepreneurs in America, but what he says applies to every other country as well. I agree with Sharma that it’s time to move on to a new way of thinking, living, and doing business, especially after the relatively recent demoralizing recessionary times.

Engineer 219

Engineer Entrepreneur Offshore Merger 219

YoungUpstarts

MARCH 4, 2020

You’ve come up with a brilliant business idea, and you’re ready to get started as a brand-new entrepreneur. Are you a Necessity Entrepreneur? Necessity Entrepreneurs Build Exceptional Businesses. But, just an importantly, they’re also in business to put food on the table for their families and employees.

Entrepreneur 205

Entrepreneur Venture Capital Silicon Valley Bandwidth 205

Startup Professionals Musings

NOVEMBER 12, 2022

In this world of constant change, new technologies, and a thousand cultures, it’s evident and somehow comforting to me that the basic rules for business prosperity really haven’t changed in the last hundred years. Business success is still more about the people than the technology or idea involved. Master-mind alliance. Imagination.

Technical Review 297

Technical Review Angel Investor Differentiation Business Model 297

NZ Entrepreneur

JUNE 19, 2023

A new batch of enterprising New Zealanders are being given the opportunity to fast track their ventures from idea through to startup, thanks to an online education initiative backed by Callaghan Innovation and entrepreneur education platform Startup NZ. Dr Jenny Douché, Callaghan Innovation.

New Zealand 98

New Zealand Technical Cofounder Early Stage Entrepreneur 98

Startup Professionals Musings

JULY 1, 2019

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 even more completely to the changes in the buying and social behavior of consumers. The future of your business these days depends on it.

Customer 213

Customer Technical Review Social Media Social Network 213

Startup Professionals Musings

JUNE 12, 2022

On the other hand, everyone wants to be an entrepreneur. In his classic book “ The 3rd American Dream ,” thought leader Suresh Sharma summarizes the large corporate accomplishments of the 19 th and 20 th centuries, and then lays out the potential of a new entrepreneurial business ecosystem for the 21 st century.

Artificial Inteligence 315

Artificial Inteligence Offshore Merger Technical Review 315

Hearpreneur

FEBRUARY 19, 2023

Every waking day, we are having tremendous changes in regulations and technology which greatly affect the way businesses operate. Some entrepreneurs will say the future is definitely bright but to others, some of these changes are meant to work against their expansion and business operations. Thanks to Denise Hemke, Checkr ! #3-

Artificial Inteligence 100

Artificial Inteligence Technical Review Entrepreneur Global 100

Startup Professionals Musings

NOVEMBER 2, 2022

Entrepreneurs see “no risk” as meaning “no reward.” There are no guarantees in business, but it pays to learn from the experiences of entrepreneurs and business experts who have gone before you. Investors hate technology solutions looking for a problem, due to the high risk of no customers.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Hearpreneur

FEBRUARY 16, 2024

Entrepreneurs will have to navigate a world where disruptive technologies like blockchain, artificial intelligence, and others are commonplace due to the rapid advancement of technology. The future entrepreneurs will need to be able to adapt to change, make use of new technologies, and promote teamwork in this fast-paced environment.

Artificial Inteligence 113

Artificial Inteligence Technical Review Entrepreneur AJAX 113

Startup Professionals Musings

JANUARY 18, 2014

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point. Nail the business model.

Entrepreneur 283

Entrepreneur Startup Angel Investor Technical Review 283

Startup Professionals Musings

FEBRUARY 12, 2023

Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time. A business plan is for you first, not investors.

Intellectual Property 312

Intellectual Property Startup Angel Investor Viral 312

Startup Professionals Musings

FEBRUARY 26, 2023

Every new business quickly realizes that revenue coming in every period on a committed basis is the Holy Grail to survival and growth. Based on traditional research, getting new customers is five to ten times harder than getting additional revenue from existing customers. Front-of-the-line model. Network model.

Business Model 294

Business Model Startup Cloud Curation 294

Hearpreneur

JANUARY 29, 2023

Running a business successfully encompasses learning from mistakes that happen along the way which in the end, helps your business to be more strategic and to get back on track. We asked entrepreneurs and business owners about the tough lessons they have learned in 2022. #1- Businesses must invest in the right technology.

Artificial Inteligence 114

Artificial Inteligence Entrepreneur Agile Technical Review 114

Startup Professionals Musings

SEPTEMBER 15, 2023

Whether you are a business professional in a big company, or an entrepreneur with a startup, innovation is a key strategy. Many people believe that new ideas are the critical element of innovation, but in my experience as a mentor and investor, long-term business success is more about implementation than ideas.

Artificial Inteligence 286

Artificial Inteligence Technology Leadership Business Model 286

Hearpreneur

JANUARY 8, 2023

Business owners are optimistic that 2023 will see better days, especially with most of the people immunized with COVID-19 vaccines. The new normal might see a return of business and provide better opportunities for people to explore. Here's what entrepreneurs predict for business in 2023. #1- 3- Customer experience focus.

Artificial Inteligence 120

Artificial Inteligence Technical Review Entrepreneur Forecast 120

Steve Blank

NOVEMBER 13, 2012

I asked Tsutsumi-san to write a guest post for my blog to describe his experience with Customer Development in Japan. But customers didn’t agree. This made me believe deeply in the extreme importance of talking to customers before investing time and money, something I took to my next startup. ————-.

Japan 292

Japan Customer Development Developer Customer 292

Hearpreneur

AUGUST 10, 2022

It drives media attention and fosters customer retention rate, which is why most companies strive to have it in their mission statement. It seeks to solve customer problems in a better and more modern way and help such companies edge over the competition. And as we all know, wowing the customer over and over is no easy task.

Entrepreneur 120

Entrepreneur Technical Review Non-Compete Software Review 120

Hearpreneur

OCTOBER 10, 2023

Beyond that, it acts as your business's guiding roadmap, ensuring you stay aligned with your goals as your operations adapt to evolving circumstances. As a dynamic document, it remains rooted in your business's core objectives while flexibly responding to change. Thanks to Evan Tunis, Florida Healthcare Insurance ! #2-

Business Plan 123

Business Plan Jordan Entrepreneur Florida 123

Startup Professionals Musings

DECEMBER 5, 2020

No matter what people may proclaim, everyone in business is looking to achieve the highest possible level of satisfaction and financial success in their career. For best results, my advice is to think like an entrepreneur, even if you are a corporate employee. They don’t realize that customers are the source of all business payback.

Technical Review 294

Technical Review Business Model Employee Sales 294

Hearpreneur

JANUARY 25, 2023

This could be a home-based business, franchise option or whatever option looks attractive to you. One thing is certain, your business can succeed if you can put in the right energy and bring in the right people to kick-start it. Thanks to Carter Seuthe, Credit Summit ! #4- Thanks to Oliver Goodwin, Synthesys.io ! #7-

Software Review 110

Software Review Technical Review Artificial Inteligence Entrepreneur 110

Steve Blank

NOVEMBER 4, 2013

The class has talked to 1,440 customers to date.). The teams present what they learned talking to 10-15 customer/week, and get comments, suggestions and critiques from their teaching team. We’ve recorded these panels for each part of the business model canvas. Therapeutics customer = pharma and biotech companies.

Lean 258

Lean Customer Business Model Customer Development 258

Startup Professionals Musings

FEBRUARY 10, 2023

Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. 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.

Technical Review 345

Technical Review Due Diligence Term Sheet Offshore 345

YoungUpstarts

OCTOBER 8, 2020

As a successful entrepreneur and business owner, Raef Hamaed has steadily grown his specialty pharmacy business from scratch. From inception, he has focused on creating a feasible and scalable business model, thoroughly educating all team members, and setting up the infrastructure for success.

Entrepreneur 195

Entrepreneur Redemption Leadership Differentiation 195

Startup Professionals Musings

SEPTEMBER 25, 2021

In fact, I often have to tell aspiring entrepreneurs that their inventions have zero value, at least not until they are put in the context of a business plan, with qualified people committed to executing the plan. Of course it helps to have innovative technologies before you start building a business.

Technical Review 391

Technical Review Intellectual Property Early Stage Global 391