Startup Professionals Musings

MAY 29, 2012

For survival, the objective of every business should be to bring in revenues which exceed their costs. Yet I continue to see business plans, or even talk to founders, and can’t find the specifics of the business model anywhere. Try to relate your business model to one that’s already successful and understood.

Business Model 238

Business Model eCommerce Business Plan Revenue 238

Startup Lessons Learned

MAY 9, 2012

TLDR: Brant Cooper and Patrick Vlaskovits , authors of The Entrepreneur's Guide to Customer Development are back with a new book called The Lean Entrepreneur. They are launching their next book, a true field guide for entrepreneurs, called The Lean Entrepreneur: How to Create Products, Innovate with New Ventures, and Disrupt Markets.

Entrepreneur 167

Entrepreneur Lean Southern California San Diego 167

Startup Professionals Musings

JANUARY 6, 2020

The way to start is with a sample financial model, available from many sources on the Internet, such as over 200 downloadable free from the Corporate Finance Institute website. Don’t try to build the “ultimate” business model, for all possible alternatives, in multiple business domains.

Conversion Ratio 308

Conversion Ratio Startup Business Model eCommerce 308

Up and Running

AUGUST 24, 2020

You’ve likely noticed a few of them as you’ve transitioned your team to working remotely or explored launching an eCommerce platform. 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

Duct Tape Marketing

FEBRUARY 3, 2022

Helping Entrepreneurs Buy And Sell Their Agencies written by John Jantsch read more at Duct Tape Marketing. In this episode, she’s sharing how she’s helped many entrepreneurs buy and sell businesses. And we're gonna talk today about helping entrepreneurs buy and sell their agencies. This is great.

Entrepreneur 76

Entrepreneur Technical Review Cofounder Valuation 76

Up and Running

SEPTEMBER 19, 2017

Background: Justin Klemm’s analytics and website uptime startup, Ghost Inspector , wants to revolutionize the way businesses manage their ecommerce funnels. That is to say, they’d want to be able to control costs and revenues at a high level. Consequently, he passed. His first capital raise was a $2.75

Private Equity 94

Private Equity Pre-Money Valuation Equity Startup 94

Startup Professionals Musings

FEBRUARY 23, 2010

For survival, the objective of every business should be to garner revenues which exceed their costs. Yet I continue to see business plans, or even talk to founders, and can’t find a clear business model. You can innovate in technology, markets, and customers, but inventing a new business model is a bad bet.

Business Model 120

Business Model eCommerce Revenue Stock 120

The Startup Magazine

JUNE 1, 2023

We’re hitting record revenue months, weeks, and margins. And they probably never will be unless business model viability is reassessed across the board. Don’t be afraid to pivot The collapse of SVB spurred us to do a deep evaluation of how we’re generating revenue and value for customers. they still aren’t profitable.

Early Stage 118

Early Stage Los Angeles Silicon Valley Cofounder 118

For Entrepreneurs

MARCH 26, 2014

It will surprise a lot of entrepreneurs to learn that building an e-commerce business with $10 million to $20 million in revenues is not that hard. This is in stark contrast to, say, a SaaS business, which is very difficult to build to […]. Building for Success Business Model Startup Help'

eCommerce 167

eCommerce Business Model Revenue Startup 167

The Startup Magazine

MAY 24, 2021

Its revenues have reached almost $3 billion in 2020, exceeding expectations and sales projections by 86%. Additionally, many entrepreneurs on the Shopify platform earn an average of $72 per customer. If this isn’t enough to convince you to start your business through this platform, we don’t know what will.

Business Model 146

Business Model Startup Revenue Reputation 146

ReadWriteStart

DECEMBER 23, 2020

For example, if you’ve created a line of custom frames, why not try selling on a platform like Etsy before you open a brick and mortar shop or create your own ecommerce store? Starting small lets you get a better idea of what it takes to run a business. Think of starting small as an insurance policy against potential pitfalls.

Naming 197

Naming eCommerce Search Small Business 197

Startup Professionals Musings

JULY 27, 2018

As an occasional angel investor, I always ask for a business pitch to get me in the mood. I’m still amazed at how many technical entrepreneurs don’t have a business pitch, and offer me their product pitch or product spec instead. Business model showing costs, pricing, and margins. But it’s critical to have one.

Product 145

Product Intellectual Property Liquidity Event Exit Strategy 145

Duct Tape Marketing

MAY 2, 2013

Lots of people talk about business models these days, but what does it really mean? When it comes to starting or planning for business success your model is essentially your decision about how you intend to add value – which is another way of saying – how you intend to make money. Clarity.fm

Business Model 77

Business Model Aggregator eCommerce Distribution 77

Startup Professionals Musings

FEBRUARY 28, 2011

For survival, the objective of every business should be to bring in revenues which exceed their costs. Yet I continue to see business plans, or even talk to founders, and can’t find the specifics of the business model anywhere. Try to relate your business model to one that’s already successful and understood.

Business Model 231

Business Model eCommerce Revenue Stock 231

Startup Professionals Musings

DECEMBER 30, 2016

I still hear often the dream of a free service to users, supported by advertising, per the Facebook model. Entrepreneurs don’t realize that Facebook spent over $100 million, before revenues from advertising turned cash positive. Business founders need deep pockets for this model. Anyone can do it.

New York City 158

New York City Kansas Advertising Cash Position 158

Reid Hoffman

MARCH 9, 2021

This can serve as a guiding light to other entrepreneurs and CEOs. These innovations are impactful, but there are also ample opportunities to innovate purely on the business model. That’s a statement of business innovation, not technological innovation. I helped establish the business model.

Leadership 45

Leadership Technical Review Cofounder Later Stage 45

Both Sides of the Table

SEPTEMBER 12, 2010

“Hi [entrepreneur], I hope all is well. It looks as though you’ve built a very interesting business, and I’d love to spend some time getting a better understanding of your future plans for the company and if there is an opportunity to partner with [My Firm]. He’s on a fishing trip. They’re flattered.

Programming 294

Programming Entrepreneur Private Equity Equity 294

Startup Professionals Musings

FEBRUARY 28, 2015

The way to start is with a sample financial model, freely available from many sources on the Internet, such as this one from Entrepreneur. Another alternative is to build one yourself, starting with a few formulas to extrapolate early revenues and expenses into the five-year projections normally requested by banks and investors.

Conversion Ratio 120

Conversion Ratio Startup Business Model eCommerce 120

crowdSPRING Blog

OCTOBER 18, 2013

LinkedIn’s Series B Pitch to Greylock: Pitch Advice for Entrepreneurs (annotated by Reid Hoffman) – crowdspring.co/1gIv7bI. Small Business and Startups: The Trends for 2014 (Pt I) | by Mike Samson - crowdspring.co/164zLP9. 11 Questions Every Entrepreneur Must Be Able to Answer - crowdspring.co/19IMztu. 16aZ5Ts. .

Social Media 92

Social Media Small Business Design Media 92

YoungUpstarts

FEBRUARY 9, 2018

There’s a lot that Robert Tallack has learned over the years as a successful entrepreneur that he is happy to share with others who are following the same path. ConversionPoint is an e-Commerce technology company that focuses on increasing reach, revenue & ROI for brands, agencies and advertisers selling online. Boy, was I wrong.

Technology 140

Technology Canada Artificial Inteligence Agile 140

Startup Professionals Musings

NOVEMBER 9, 2015

A popular myth these days is that successful entrepreneurs must attract investors to get their businesses going, when the reality has been that more than 80 percent of new businesses are started and grown with no outside investment at all. These would include the following: You have a proven business model.

Bootstrapping 120

Bootstrapping Cofounder Equity Agile 120

YoungUpstarts

AUGUST 24, 2017

Subscription business models have been around for a pretty long time, but thanks to modern technology, this model has evolved from milk or newspapers delivery to a versatile eCommerce experience. As a starting entrepreneur, you might wonder: why on earth would I want to start a subscription (box) business?

Churn Rate 149

Churn Rate eCommerce Business Model Bootstrapping 149

View from Seed

JUNE 23, 2022

Influencer Direct puts the tools to create their own eCommerce business directly into the hands of influencers.” Get to know the business. Rachel Hodes (RH): What problem exists in the market that your business is trying to solve? RH: Close your eyes and imagine where your business will be in five years.

DC 156

DC Cambodia eCommerce Social Media 156

Startup Professionals Musings

JANUARY 4, 2016

Most first-time entrepreneurs seem to believe the myth that they need a minimum of a half a million dollars to start a business. In reality, over 80 percent of successful new businesses are self-funded for much less -- often as little as $10,000. Stick to a business domain you know and love.

Bootstrapping 120

Bootstrapping Social Media Equity eCommerce 120

Hearpreneur

AUGUST 5, 2020

We asked entrepreneurs and business owners about the industries that are ripe for disruption and here are the response; #1- The hemp extraction. The global automakers and suppliers will be adapting their business models accordingly, forming new partnerships and investing in new technologies. 23- eCommerce.

Technical Review 157

Technical Review Software Review Entrepreneur China 157

YoungUpstarts

OCTOBER 20, 2014

However, DIY is a terrible idea when the task is complicated and failure can bring down your entire business. This is why taxes are the ultimate DIY snare for business owners. Entrepreneurs and small business owners feel that filing tax returns (sales; payroll; franchise, etc.) should be a DIY process.

Connecticut 160

Connecticut CPA eCommerce Florida 160

VC Cafe

NOVEMBER 2, 2019

One question that keeps coming up when speaking with early stage entrepreneurs when it comes to funding, is what metrics the company needs to hit to raise seed/series A/B etc: What’s a good conversion rate? Benchmarks are typically specific to stage/business model/geo. Example of Baremetrics revenue per user benchmarks.

B2C 141

B2C Technical Review Startup Retention 141

Version One Ventures

JULY 20, 2015

Our rule of thumb is that marketplaces at scale are valued at roughly 1x annualized GMV (typically about 6-8x annual revenue). Consensus estimate of approximately $270M for 2015 revenue. Etsy had a market cap of about $2.22B as of July 20, with a revenue multiple of 8.2 Our assumptions for this valuation: Scale: > $1b GMV.

Valuation 60

Valuation Early Stage IPO eCommerce 60

The Equity Kicker

NOVEMBER 9, 2012

Revenues for the July-September quarter were $569m, up 32% on the year ago and losses narrowed considerably to $3m for the quarter. All the growth came from Groupon’s new direct ecommerce business.). Groupon announced their results yesterday and when considered at the highest level they aren’t bad.

IPO 104

IPO Marketing Venture Capital eCommerce 104

Up and Running

NOVEMBER 27, 2017

Furthermore, most of the young entrepreneurs’ problems I’ve seen are related to poor planning. Many people tend toward over thinking things when trying to craft a perfect business plan. Is your business idea focused mainly on product promotion, or the service through careful experience design? Those were the days!

Curation 68

Curation Business Model SEO Social Media 68

The Equity Kicker

OCTOBER 8, 2012

According to Paul most startups should look at revenue growth, but active users is a good proxy for companies that aren’t charging their customers (yet). Many of those milestones will be growth oriented, but they often centre on hitting round numbers – e.g. $10k or $100k per month in revenues or 1m active users.

Silicon Valley 149

Silicon Valley IPO eCommerce Valuation 149

The Startup Magazine

MAY 8, 2020

Launching a business can be a painful process, especially when it comes to eCommerce. The main eCommerce business model that the course focuses on is dropshipping. Business Education. Let’s break down how Kevin’s groundbreaking course is structured to fast-track students to online success. Dropshipping.

eCommerce 132

eCommerce Programming Entrepreneur Advertising 132

YoungUpstarts

APRIL 15, 2018

At some point, there’s a need to diversify the stream of revenue. Whether or not it’s immediately obvious, there are ways for your company to diversify its revenue stream moving forward – and you need to make it happen. For example, let’s say you run a business that sells organic household cleaning products.

Revenue 140

Revenue eCommerce Operations Programming 140

Startup Professionals Musings

MAY 27, 2017

Unfortunately, often the result is potential customers who are confused, the limited resources of your business are spread too thin, and customers and investors look elsewhere for a better fit. Thus one of my key messages to entrepreneurs, as a business advisor and angel investor, is “focus.”

Entrepreneur 159

Entrepreneur Channel Angel Investor Dilution 159

Entrepreneurs-Journey.com by Yaro Starak

JUNE 3, 2011

These hundreds of millions of web surfers still have a need to be fulfilled, and the internet is the best channel available today in terms of reach, ease of entry and low cost experimentation for an aspiring entrepreneur to fulfill that need. So how do I make the bulk of my money online?

Marketing 82

Marketing Private Placement Internet Differentiation 82

ConversionXL

JUNE 24, 2014

There is much more to say about registration processes than I have space for in this article, but you can read more here: Why user registration sucks and how it hurts your business. The number of visitors directly correlates to revenue – whatever business you are in. Blog eCommerce Resources User Experience' Conclusion.

Social Network 130

Social Network Viral Social Media B2C 130

Up and Running

MAY 23, 2016

In fact, SaaS industry revenue is projected to grow from $49 billion in 2015 to $67 billion in 2018, a compound annual growth rate of approximately eight percent. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. The business model. How to Write a Business Plan in Under an Hour.

Software Review 74

Software Review Software Delaware Forecast 74