Startup Professionals Musings

AUGUST 27, 2014

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Implement a modern real business model.

Startup 283

Startup Forecast Stock Options Technical Review 283

Up and Running

AUGUST 24, 2020

Cutting costs , revisiting forecasts , and stabilizing your business. You’re not forgetting it or avoiding the practices that have saved your business so far. For entrepreneurs looking to start a business or for established businesses looking to pivot their business model , you can use AI to build as-a-service operations.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

Startup Professionals Musings

FEBRUARY 17, 2018

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Implement a modern real business model.

Forecast 161

Forecast Stock Options Technical Review Metrics 161

YoungUpstarts

AUGUST 14, 2015

by Jack Narcotta, Devices Analyst at Technology Business Research. Lenovo’s modest overall revenue growth in calendar 2Q15 – 3.1% year-to-year revenue growth in calendar 3Q15 to $10.9 year-to-year to $10.7 Additionally, lower profits in PCs – operating profit fell 7.8% year-to-year to $7.3 and Europe. and Europe.

Revenue 100

Revenue Technical Review Lean Mobile 100

Up and Running

MAY 10, 2021

In this article, we will talk about the trends and the cost of mobile app development with a forecast for 2021. According to the Payments Industry Intelligent report, by 2022, the forecast value for mobile payment apps will reach nearly $14 trillion. Your app may cost you money, but the revenue it generates may justify the budget.

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

ReadWriteStart

APRIL 8, 2023

Customers will be even more comfortable with the introduction of voice commerce, another unicorn of the online shopping experience. Sustainability is the Queen In 2023, customers have become even more environmentally conscious, as recent statistics prove. million people and generate monthly revenue. Only in 2021, 72.9%

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

View from Seed

SEPTEMBER 18, 2019

The other aspect of the people roadmap is org-level team building necessary to unlock or accompany certain stages of the business. As the company progresses through product market fit (PMF), you will want to highlight other key senior hires required to scale and round out the functional expertise of the exec team.

Part-Time VPE 195

Part-Time VPE Seed Stage CTO Hire Forecast 195

Up and Running

SEPTEMBER 19, 2018

Write your business plan and develop your business model with this in mind so you can avoid these issues. . You can choose from a few different types of business plans depending on your needs. If you’re seeking investment, you need a traditional business plan. Remember that a business plan is a living document.

Business Plan 154

Business Plan Technical Review Forecast Exit Strategy 154

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 132

Intellectual Property Angel Investor Business Model Bootstrapping 132

Up and Running

OCTOBER 16, 2019

You don’t need to write a 200-page document, but you will need something to hand to your banker or investor that shows that there’s a market for the problem your business solves and includes your key financial statements and forecasts. . Having a business plan minimizes your risk. You don’t have to just take our word for it.

Business Plan 108

Business Plan Small Business Forecast Balance Sheet 108

Up and Running

OCTOBER 16, 2019

You don’t need to write a 200-page document, but you will need something to hand to your banker or investor that shows that there’s a market for the problem your business solves and includes your key financial statements and forecasts. . Having a business plan minimizes your risk. You don’t have to just take our word for it.

Business Plan 108

Business Plan Small Business Forecast Balance Sheet 108

Steve Blank

APRIL 23, 2018

A version of this article appeared in the Harvard Business Review. The entrepreneur who founded and grew the largest startup in the world to $10 billion in revenue and got fired is someone you have probably never heard of. Within each brand there were several models at different price points.

Michigan 268

Michigan Cofounder Stock Forecast 268

Steve Blank

JULY 22, 2010

Customer Validation needs to have the CEO actively involved. Customer Development Diagnostics over Lunch. The board was getting nervous as the company was missing its revenue plan. The board was getting nervous as the company was missing its revenue plan. They had beta customers, using but not paying for the product.).

Forecast 270

Forecast Sales Customer Customer Development 270

Duct Tape Marketing

NOVEMBER 2, 2023

With a focus on transforming raw data into actionable insights, Databox has carved out a niche for itself, offering unique solutions for businesses to visualize their metrics in a customized manner. The rising importance of predictive AI-driven analytics became clear, hinting at a future where forecasts will shape decisions.

Metrics 74

Metrics Analytics Forecast Software Review 74

Steve Blank

MARCH 17, 2020

If you’re running a startup or small business, your first priority (after your family) is keeping your employees and customers safe. But next the question is, ‘What happens to my business?”. The questions every startup or small business CEO needs to ask now are: What’s my Burn Rate and Runway? What will my investors do?

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

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

Steve Blank

APRIL 8, 2010

We even entered it in the business plan competition. When were done we followed your advice and got out of the building and started talking to potential users and customers.” He replied, “Well the customers are not acting like we predicted in our plan! There must be something really wrong with our business.

Business Model 328

Business Model Business Plan Customer Cap Table 328

Startup Professionals Musings

SEPTEMBER 9, 2015

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Implement a modern real business model.

Forecast 120

Forecast Startup Stock Options Technical Review 120

Startup Professionals Musings

MAY 27, 2016

Who would have forecast that entrepreneur Gary Ross Dahl would make millions by starting a “ pet rock ” business way back in 1975? Even social entrepreneurs need milestones, quantifiable results, and revenue to sustain their value. Focus on customer needs. Plan includes a business model with good margins.

Technical Review 134

Technical Review Intellectual Property Due Diligence Angel Investor 134

YoungUpstarts

NOVEMBER 27, 2019

Transportation and IoT – According to IDC Forecast , the worldwide IoT spending on transportation will surpass the mark of $1 trillion in 2022. And, by trusting Gartner’s prediction on Voice Search technology , we can expect a 30% increase in the revenue by Voice search technology by 2021. Natural Language Processing (NLP).

Technical Review 147

Technical Review Technology Artificial Inteligence Search 147

Up and Running

AUGUST 8, 2018

How did we do last month compared to our forecast? We always spend time drilling into the numbers, beyond the top-line revenue and expenses to better understand what the drivers were behind our performance. What does our cash flow forecast look like for the next few months? Let’s do the numbers. Did we collect money as planned?

Software Review 65

Software Review Business Plan Product Forecast 65

Feld Thoughts

OCTOBER 7, 2011

Since last checking in with the SayAhh team, they have spent a few months consumed with building an early version of the product and speaking to potential customers, all the while watching their cash balance steadily diminish. I am glad to see that you are forecasting revenues based on business drivers.

Revenue 130

Revenue Forecast Cofounder Business Model 130

Up and Running

JUNE 19, 2014

It’s no wonder that customers are flocking to subscription services to replace things that they once bought and owned outright. And, it’s no wonder that businesses are trying to come up with new and innovative subscription business models that they can offer to their customers.

Forecast 92

Forecast Sales Churn Rate Revenue 92

Up and Running

SEPTEMBER 15, 2016

Describe the problem your potential customers have. Describe your solution to the problem—this is your product or service (how does it solve your customer’s problem?). Describe your competitive advantage (talk about how your customers are solving their problem currently as well). Build a sales forecast. Business Ratios.

Business Plan 60

Business Plan Lean Forecast Balance Sheet 60

Up and Running

JANUARY 29, 2019

, you can still reach out to those with similar business and revenue models. From there, do an actual sales forecast to model the revenue you think you’ll be able to bring in. What about their approach inspires their customers? How can you capitalize on what they are already doing to win customers?

Lean 64

Lean Business Plan Revenue Forecast 64

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

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 10) Create an area for assumptions and main drivers at the beginning (top or left) of the model.

Balance Sheet 60

Balance Sheet Software Review Forecast Acquisition 60

Board Effect

DECEMBER 23, 2022

A workforce planning model enables you to plan for staff to leave in a way that causes the least disruption. For example, with a staffing plan, it’s possible to hire in connection with growth projections, change your business model and develop employees who can become future leaders. Crafting the Right Workforce Planning Model.

Software Review 52

Software Review Technical Review Retention Employee 52

Steve Blank

MAY 14, 2012

The excerpts, which appeared first at Inc.com , highlight the Customer Development process, best practices, tips and instructions contained in our book. Assuming you know what the customer wants. Founders, presuming they know their customers, assume they know all the features customers need. Focusing on the launch date.

Balance Sheet 335

Balance Sheet Business Model Customer Development Metrics 335

Up and Running

FEBRUARY 12, 2019

Tell a real customer story. When possible, open your pitch by telling a real customer story that addresses the problem your product or service solves in the marketplace. Instead, use real names and real customer challenges. Outline your business model. Customers pay by the hour or by the day. Serves U.S.,

Sweat Equity 122

Sweat Equity Churn Rate Elevator Pitch Forecast 122

Steve Blank

DECEMBER 3, 2012

Enter the Business Model Canvas. With the business model canvas in hand, we can now approach rethinking corporate innovation strategy and structure. Existing companies and their operating divisions implement known business models. Operating divisions execute the known business model.

Business Model 333

Business Model Customer Development United States Operations 333

Steve Blank

APRIL 1, 2020

But other businesses like law firms, contracting firms, real estate firms, will take hits, too. Your customers will no longer be your customers. Your revenue plans are no longer valid. What’s your monthly cash burn at your new low revenue level? Out of business? Forecasted recovery date.

South Korea 333

South Korea Salary Business Model China 333

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

Up and Running

APRIL 6, 2020

In normal times, you can have fairly straight forward expectations about how business is going to work and how customers are going to behave. This is where forecasting and budgeting are crucial for the survival of your business. They’d rather keep you as a customer than lose you entirely and will often offer discounts.

Burn Rate 100

Burn Rate Forecast SBA Cash Position 100

Up and Running

MAY 28, 2015

We’re looking at our lean business planning is about strategy, tactics, concrete specifics including milestones, metrics, tasks and schedule, and essential numbers to run a business, all of which lead to managing cash flow. That’s the sales forecast, the spending forecast and the cash flow.

Lean 60

Lean Business Plan Video Software Review 60

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 Their objective is to get users, orders, customers, etc.

Wiki 311

Wiki Lean Management Business Model 311

ReadWriteStart

APRIL 14, 2011

At the roundtable, five entrepreneurs pitched their businesses to me, and I interacted with them in our usual format, with active participation from the audience. First up, Girish Mathrubootham from Chennai, India, presented Freshdesk , a SaaS solution for multi-channel customer support including knowledge base and social CRM support.

India 126

India Technical Review Entrepreneur Silicon Valley 126