Remove Business Model Remove Early Stage Remove Forecast Remove Product Development
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How to Write a Convincing Business Plan for Investors

Up and Running

After all, nothing could be worse than arriving at an investor meeting and then getting a request for a business plan and not having one ready. Beyond understanding your business strategy, investors will also want to understand your financial forecasts. Your financial forecast should help you figure this out.

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It's a startup, not a spreadsheet

Startup Lessons Learned

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.&#

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The Lean Entrepreneur is here

Startup Lessons Learned

Telecom O2 learning to move at the speed of the internet 500 Startups and their accelerated feedback loops on what works, and what doesn't work in early-stage investing. PayPal, under the leadership of David Marcus and Bill Scott, re-defining and re-engineering itself by embracing Lean Startup to improve the product experience.

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The Ultimate Guide to Starting a Software Company

Up and Running

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).

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10 years of entrepreneurship

Startup Lessons Learned

We were focused on revenue, but we didnt understand that revenue is not important for its own sake in an early stage company. No business model, either. All my products and ideas focus on early cash and a business model that works from the first day. Ultimately your product must be useful.

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I’ve seen the Promised Land. And I might not get there with you.

Steve Blank

Yet at their early stages, they are not small versions of larger established companies. The good news is this team found a business model, product/market fit and a repeatable sales model. The table below helps elucidate some of the characteristics of entrepreneurial executives by stage of the company.

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Love/Hate Business Plan Competitions

Steve Blank

I hate business plan competitions – when they encourage students to write a “winning plan&# rather than teaching them how to get out of the building and use locally available resources to start a company. MootCorp in particular has an impressive track record of putting early stage tech companies on the right path towards funding.