Startup Professionals Musings

OCTOBER 30, 2020

Every aspiring entrepreneur I know is talking about the fact that there are over 2,000 billionaires in the world today, and how their innovative idea could make them one of the next ones. Becoming an entrepreneur is actually a commitment to a new lifestyle, certainly very exciting, but also facing many unknowns and risks.

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Merger Acquisition Software Review Social Media 386

The Startup Magazine

AUGUST 3, 2021

Australian entrepreneur and consulting firm owner Luke Lazarus understands that launching a business is not easy. Operating a competitive business and turning a significant profit is even more challenging. Just eight years later, he sold all four businesses and earned enough profit to retire at the age of 33.

United States 167

United States Entrepreneur Angel Investor Social Media 167

ReadWriteStart

JUNE 1, 2020

I have often been asked about Startup Funding by entrepreneurs. Here is Startup Funding, a Comprehensive Guide for Entrepreneurs. The primary source of your funds should be your paying customers, i.e., your business should generate enough revenues and profits to fund the growth and expansion. Pre-Requisites of Funding.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

David Teten

AUGUST 19, 2019

So you’re interested in raising capital from a Revenue-Based Investor VC. A new wave of Revenue-Based Investors (“RBI”) are emerging. I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. Rational burn profile, up to 50% of revenue at close, scaling down.

Revenue 60

Revenue Technical Review Software Review Equity 60

Hearpreneur

APRIL 13, 2022

We asked entrepreneurs and business owners who are their favorite disruptors and here are the responses; #1- Elon Musk. One of the most important lessons entrepreneurs can learn from Dropbox is to adopt the lean start-up methodology and start. It led the way to a new kind of business model and changed the game.

Artificial Inteligence 78

Artificial Inteligence Entrepreneur Technical Review Software Review 78

The Startup Magazine

AUGUST 11, 2023

The fundamental objective and aim of seed investment is to assist a company in launching its operations successfully. Seed capital is a component of the initial investments made in young businesses. During the pre-seed fundraising stage, investors need a viable business plan to base their investments on.

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Seed Stage Technical Review Early Stage Due Diligence 123

Hearpreneur

JANUARY 1, 2023

We asked entrepreneurs to share how they will prepare for the bad economy and here is what they have to say. #1- Though it took some effort and money to incorporate these outside resources into my business, it was well worth the expenditure. This will keep them sustainable should revenues take a dive. 1- Make a budget.

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Entrepreneur Software Review Technical Review Revenue 96

Startup Professionals Musings

FEBRUARY 5, 2023

According to most definitions, an entrepreneur is one who envisions a new and different business, meaning one that is not a copy of an existing business model. Many entrepreneurs have a passion and an idea, or even invent a new product, but are never able to execute to the point of creating a startup.

Matching 270

Matching Entrepreneur Startup Seed Stage 270

The Startup Magazine

JULY 16, 2021

The lesson of the pandemic era is clear, as market conditions change, business models must evolve. Success is not, as you would think, about having stable business models across market conditions. There is one consideration that should be paramount in your thinking about your business model.

Business Model 167

Business Model Aggregator Revenue Analytics 167

Startup Professionals Musings

AUGUST 8, 2022

Yet in my role as a small business advisor, I still see a singular focus on achieving repeatable processes and “cookie-cutter” manufacturing. There is nothing wrong with a focus on making the current business model work better. Typical incentives give percentages of quarterly revenues and contribution as rewards for success.

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Stock Options Incubator Framework Stock 277

ReadWriteStart

JULY 7, 2021

Various business models in an on-demand courier delivery app. Business to Consumer (B2C) – It is the most common type of business model. Why is an Uber for courier app a viable business idea for entrepreneurs? Recognizing the business goals and operational scope of the client firm.

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Technical Review Artificial Inteligence Demand Social Media 163

Gust

NOVEMBER 8, 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.

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Business Model Green Revenue Operations 91

Hearpreneur

JULY 24, 2020

Every waking day, we are having tremendous changes in regulations and technology which greatly affects the way businesses operate. Some entrepreneurs will say the future is definitely bright and the number of entrepreneurs will increase but others argue these changes are meant to work against budding or would-be entrepreneurs.

Entrepreneur 136

Entrepreneur Technical Review Security Demand 136

Steve Blank

SEPTEMBER 5, 2018

Most entrepreneurs today don’t remember the Dot-Com bubble of 1995 or the Dot-Com crash that followed in 2000. Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. It’s the antithesis of the Lean Startup.

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Lean Burn Rate Startup IPO 335

Hearpreneur

DECEMBER 28, 2022

So, that’s why we are excited about 2023 because there will be more and more entrepreneurs and businesses. Here’s the pivot other entrepreneurs are making next year: #1- Release more studies. It may not even be necessary to change my business model, just having a digital storefront may be enough to get people back to shopping.

Social Media 122

Social Media Entrepreneur Retention Finance 122

Hearpreneur

SEPTEMBER 22, 2021

Here’s what entrepreneurs had to say about the companies they admire for their innovation. #1- Tesla Tesla invented a successful business model for bringing compelling electric cars to the market. I have always admired and been amazed by successful entrepreneurs who don't have a university degree. 7- Virgin Group.

Technical Review 124

Technical Review Entrepreneur Software Review SEO 124

David Teten

AUGUST 19, 2019

A new wave of Revenue-Based Investors are emerging who are using creative investing structures with some of the upside of traditional VC, but some of the downside protection of debt. I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. So what is Revenue Based Investing?

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Revenue Term Sheet Founder Technical Review 60

Hearpreneur

DECEMBER 20, 2020

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. Next year, I am expanding my already successful business into Texas. 1- A new app idea.

Kentucky 107

Kentucky Louisville Entrepreneur Technical Review 107

Startup Professionals Musings

APRIL 7, 2017

Entrepreneurs always work hard to create an innovative product or service, but often count on standard seller marketing for sales. Kristin Zhivago, in her classic book “ Roadmap to Revenue ,” makes the point that the selling system is broken, since sellers no longer sell the way customers are buying. Their perception is your reality.

Small Business 147

Small Business Revenue Technical Review Business Model 147

YoungUpstarts

JUNE 4, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Most early stage startups tend to do well in this area because entrepreneurs generally launch their startups believing they have a great product idea. Revenue Architecture.

Framework 127

Framework Architecture Cleveland Early Stage 127

Steve Blank

FEBRUARY 23, 2013

To get some perspective on this question, I recently talked with Steve Blank , a serial entrepreneur, co-author of The Start-Up Owner’s Manual, and father of the “lean start-up” movement. Finding a viable business model is not a linear, analytical process that can be guided by a business plan.

Business Model 333

Business Model Technical Review Business Plan Search 333

ReadWriteStart

JANUARY 26, 2021

Of course, most of you reading this know that the odds of your business becoming a tech unicorn are slim, even if you have a great idea in place. That’s because more than half of all startups fail within the first five years of operation. The basis for a startup’s continuing operation is its underlying economics.

Startup 180

Startup Angel Investor Business Model Demand 180

Steve Blank

OCTOBER 24, 2016

If the Microsoft board was managing for quarter to quarter or even year to year revenue growth, Ballmer was as good as it gets as a CEO. Microsoft left the 20 th century owning over 95% of the operating systems that ran on computers (almost all on desktops). Services (Cloud, ads, music) have a very different business model.

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Steve Blank

OCTOBER 24, 2016

If the Microsoft board was managing for quarter to quarter or even year to year revenue growth, Ballmer was as good as it gets as a CEO. Microsoft left the 20 th century owning over 95% of the operating systems that ran on computers (almost all on desktops). Services (Cloud, ads, music) have a very different business model.

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Startup Professionals Musings

AUGUST 31, 2019

In the old days, every entrepreneur dreamed of easily taking their startup public, and making it big. Smart entrepreneurs are just now starting to look at this option again, due to its unpredictability and the challenges of running a public company. The M&A alternative looks simple by comparison.

IPO 210

IPO SEC Prospectus Startup 210

YoungUpstarts

MAY 24, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Most early stage startups tend to do well in this area because entrepreneurs generally launch their startups believing they have a great product idea. Revenue Architecture.

Framework 113

Framework Architecture Cleveland Early Stage 113

Startup Professionals Musings

JULY 9, 2017

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 143

Business Model Intellectual Property Startup Angel Investor 143

Startup Professionals Musings

JUNE 7, 2020

As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. Each of these requires some ongoing effort, so I expect at least a rudimentary process associated with each: Record of spending and business assets. Marketing, sales, support, and service operations.

Entrepreneur 328

Entrepreneur Exit Strategy Metrics Operations 328

Hearpreneur

FEBRUARY 20, 2022

It’s argued that social entrepreneurship is the new business model due to its ability to help one connect with the world and live a purposeful life while serving others. It also improves the image of business through collaborations and fosters relationships for a better society. 1- Being greener. Photo Credit: Jeremy Yamaguchi.

Entrepreneur 131

Entrepreneur Africa Technical Review Green 131

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. Who was the entrepreneur who founded what would become General Motors 16 years earlier, in 1904?

Michigan 275

Michigan Cofounder Stock Forecast 275

Up and Running

AUGUST 24, 2020

Not only because of its capability to accelerate and automate rule-based processes but also because it helps achieve better operational efficiency and reduces human error. AI is also likely to be your greatest asset for business recovery. Revisit your business plan , forecasts, and company goals.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

Startup Professionals Musings

JULY 17, 2019

Converting customer-centric advantages into business value requires a deep understanding of all the financial elements of your business, as well as customer drivers. A strategy of empowering people will produce near-term as well as lasting results for your business. Turn value creation (revenue) into value capture (profit).

Technical Review 218

Technical Review Revenue Analytics Metrics 218

The Startup Magazine

JULY 16, 2021

The lesson of the pandemic era is clear, as market conditions change, business models must evolve. Success is not, as you would think, about having stable business models across market conditions. There is one consideration that should be paramount in your thinking about your business model.

Business Model 78

Business Model Aggregator Revenue Analytics 78

Startup Professionals Musings

SEPTEMBER 11, 2017

In the old days, every entrepreneur dreamed of easily taking their startup public, and making it big. Smart entrepreneurs are just now starting to look at this option again, due to its unpredictability and the challenges of running a public company. The M&A alternative looks simple by comparison.

IPO 218

IPO SEC Prospectus Technical Review 218

Startup Professionals Musings

OCTOBER 21, 2020

Driven by the current pandemic, smart entrepreneurs of all ages are jumping into the fray with new ideas, new recovery strategies, and discarding outmoded business models. I see it most in the newest generation of entrepreneurs (Gen-Y), who were shocked out of entitlement into action by an economic downturn.

Viral 430

Viral Revenue Distribution Cloud 430

Steve Blank

FEBRUARY 23, 2013

To get some perspective on this question, I recently talked with Steve Blank , a serial entrepreneur, co-author of The Start-Up Owner’s Manual, and father of the “lean start-up” movement. Finding a viable business model is not a linear, analytical process that can be guided by a business plan.

Business Model 225

Business Model Business Plan Technical Review Search 225

ReadWriteStart

MARCH 8, 2021

Every startup entrepreneur wants to see their company grow. They want to open new offices, generate more revenue, and ultimately, secure higher profitability. . So what are the biggest barriers startup entrepreneurs experience in their route to achieve long-term growth? And more importantly, how can you avoid or overcome them?

Startup 127

Startup Retention Acquisition Agile 127