Up and Running

AUGUST 28, 2018

What you offer and the problem your business solves: What does your practice offer and why is it needed? Target market: Who is your ideal patient? Financial summary: Explain your business model, startup costs, revenues, and liabilities to the company. Target market. This is your value proposition.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Startup Professionals Musings

JUNE 7, 2020

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solo entrepreneurs, with a team of helpers, will be assumed to be a hobby rather than a business.

Entrepreneur 328

Entrepreneur Exit Strategy Metrics Operations 328

Startup Professionals Musings

NOVEMBER 4, 2011

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress angel investors. Free trials don’t count.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Reid Hoffman

JULY 23, 2020

This week, I’d like to turn to the question of how current market conditions affect the approach entrepreneurs should take towards their exit strategy. We’re looking for market opportunities where in about a decade, we can help transform an industry and build an iconic company.

IPO 36

IPO Exit Strategy Acquisition Technical Review 36

Steve Blank

NOVEMBER 18, 2016

The technology’s broad market applicability and relevance are clearly paying off. While these acquisitions have teams of great researchers, they rarely contribute actual revenue generating products (because most never reached that stage when they were acquired.) Exit Strategy. Shiny Object meets First Mover Advantage.

Artificial Inteligence 320

Artificial Inteligence Lean Exit Strategy Startup 320

Startup Professionals Musings

SEPTEMBER 23, 2010

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress angel investors. Free trials don’t count.

Angel Investor 224

Angel Investor Intellectual Property Technical Review Elevator Pitch 224

Up and Running

MAY 17, 2017

Plus, you’ll always be prepared in case an opportunity or desire to sell arises in the future—it’s a smart idea to have an exit strategy. The sad reality is that many business acquisitions do not work out as hoped. I spoke to a business owner recently who was bringing in $1.7 million in sales revenue.

Acquisition 92

Acquisition Technical Review Revenue Exit Strategy 92

Steve Blank

SEPTEMBER 14, 2009

To do this they have to accomplish five things; 1) get deal flow – via networking and legwork, they identify likely industries, companies and teams with the potential for rapid growth (less than 10 years), 2) evaluate those companies and teams on the basis of technology, market opportunity, and team.

Silicon Valley 223

Silicon Valley IPO Technical Review Venture Capital 223

Startup Professionals Musings

AUGUST 27, 2012

The approach I recommend is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Here are the ten slides you need: Problem and market need. Investors like $1B markets with double-digit growth rates.

Elevator Pitch 247

Elevator Pitch Exit Strategy Burn Rate Merger 247

Women Entrepreneurs Can

JUNE 3, 2021

There are several things that determine startup success such as having the right product market fit, having a product that the market needs, having the right team and having enough cash. Having shared values & vision also means you have thought about an exit strategy for your business. About the Author.

Partner 52

Partner Technical Review Cofounder Georgia 52

Startup Professionals Musings

AUGUST 13, 2012

Clearly define the customer, channel, and revenue model associated with this solution. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape. Explain the business model. Marketing, sales, and partners.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Startup Professionals Musings

JULY 27, 2018

Here are the unique business elements that I expect to hear as a potential investor: Target market size and growth projections. Most investors won’t be interested unless you can show them a large market (billion-dollar opportunity), with a double-digit growth rate. Business model showing costs, pricing, and margins.

Product 145

Product Intellectual Property Liquidity Event Exit Strategy 145

Startup Professionals Musings

MAY 13, 2011

Clearly define the customer, channel, and revenue model associated with this solution. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape. Explain the business model. Marketing, sales, and partners.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Startup Professionals Musings

JUNE 10, 2011

The approach I recommend is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Here are the ten slides you need: Problem and market need. Investors like $1B markets with double-digit growth rates.

Elevator Pitch 234

Elevator Pitch Exit Strategy Burn Rate Merger 234

Steve Blank

NOVEMBER 18, 2016

The technology’s broad market applicability and relevance are clearly paying off. While these acquisitions have teams of great researchers, they rarely contribute actual revenue generating products (because most never reached that stage when they were acquired.) Exit Strategy. Shiny Object meets First Mover Advantage.

Artificial Inteligence 120

Artificial Inteligence Lean Exit Strategy Startup 120

Startup Professionals Musings

AUGUST 7, 2015

Here are the motivation elements that investors expect to hear: Size and growth potential of the market opportunity. Your customers don’t care if you are targeting a billion-dollar market and growing at double-digit rates, but investors will skip small or shrinking opportunities. First to market” is not sustainable by a startup.

Product 120

Product Intellectual Property Liquidity Event Burn Rate 120

Startup Professionals Musings

AUGUST 8, 2016

Remember you can’t sustain a business or social cause with no revenue or profit. Validate your business model on real customers. Giving free beta copies of your solution to customers to elicit testimonials does not validate a business model. Show an aggressive marketing and sales plan.

Intellectual Property 120

Intellectual Property Entrepreneur Elevator Pitch Exit Strategy 120

Startup Professionals Musings

JUNE 26, 2020

Quantify the market opportunity in business terms. For example, “Nielsen projects that the market for smart phones will double every year for the next five years.” Provide specifics on the customer business model. They want to see revenue to share in the return. Budget time and dollars for each.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Startup Professionals Musings

MAY 19, 2010

An alternative approach, which I prefer, is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Here are the ten slides you need: Problem and market need. Investors like $1B markets with double-digit growth rates.

Elevator Pitch 235

Elevator Pitch Exit Strategy Burn Rate Merger 235

Up and Running

MAY 4, 2015

Define your target market. Describe your revenue model. State your exit strategy. You could include a brief product demo that shows off your technology, or more details about your smart and efficient business model that you might not otherwise have had time for. Explain your solution.

Technical Review 60

Technical Review Entrepreneur Software Review Houston 60

Startup Professionals Musings

MAY 28, 2016

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solo entrepreneurs, with a team of helpers, will be assumed to be a hobby rather than a business.

Exit Strategy 155

Exit Strategy Metrics Operations Cost 155

Startup Professionals Musings

FEBRUARY 13, 2016

Investors are looking for a concise description of your product or service without technical jargon or fuzzy marketing terms with value quantified in customer terms. How big and growing is the total market and your target segment? They like billion-dollar markets with double-digit growth rates.

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

Gust

AUGUST 5, 2012

Clearly define the customer, channel, and revenue model associated with this solution. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape. Explain the business model. Marketing, sales, and partners.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Gust

AUGUST 19, 2012

The approach I recommend is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Here are the ten slides you need: Problem and market need. Investors like $1B markets with double-digit growth rates.

Elevator Pitch 146

Elevator Pitch Exit Strategy Burn Rate Merger 146

Startup Professionals Musings

APRIL 22, 2010

Clearly define the customer, channel, and revenue model associated with this solution. Industry & market sizing. Start with the evolution of the overall industry, market segmentation, market dynamics, and customer landscape. Explain the business model. Marketing, sales, and partners.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Startup Professionals Musings

DECEMBER 24, 2012

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress Angel investors. Free trials don’t count.

Angel Investor 260

Angel Investor Intellectual Property Elevator Pitch Angel Groups 260

Startup Professionals Musings

MAY 24, 2015

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solo entrepreneurs, with a team of helpers, will be assumed to be a hobby rather than a business.

Exit Strategy 120

Exit Strategy Metrics Operations Cost 120

Up and Running

FEBRUARY 12, 2022

Are long-term business plans a waste of time? Sometimes trends in a market are pretty clear and your guesses will be well-founded. Investors will want to know not only where you plan on being in a year, but where the business will be in five years. Or will you find new markets to grow into? No one knows the future.

Business Plan 83

Business Plan Lean Forecast Exit Strategy 83

www.inc.com

SEPTEMBER 24, 2011

The Goods: Your Business Toolbox | Thursdays. Todays Small Business News | Daily. Sales & Marketing | Wednesdays. Writing A Business Plan. Financing A Small Business. Business Taxes. Selling A Business. Exit Strategies. Strategy and Planning. SALES & MARKETING. Newsletters.

Arizona 40

Arizona Equity Iowa Venture Capital 40

Gust

DECEMBER 16, 2012

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress Angel investors. Free trials don’t count.

Angel Investor 179

Angel Investor Intellectual Property Elevator Pitch Angel Groups 179

Startup Professionals Musings

JUNE 2, 2013

The single most important ingredient of success is not the idea, but having a team in place that has impeccable integrity, can iterate the product quickly, pivot the business model as necessary, and keep costs down in the process. This requires a visible focus on the company’s revenue model, the costs to get there, and cash on hand.

Cram Down 269

Cram Down Angel Investor Intellectual Property Venture Capital 269

Up and Running

MAY 15, 2018

Innovative products and business models are the foundations of a promising startup. Funding is crucial for improving technology, hiring the right people, and launching a comprehensive marketing strategy to get a foothold in the market. Creating a scalable business model.

SBA 84

SBA Angel Investor Technical Review Startup 84

Up and Running

NOVEMBER 12, 2018

The subscription box industry is growing rapidly thanks to a steady revenue model and tapping into people’s love for surprises. But with so many people trying to get their share of the growth, many subscription box businesses fold within a year or two. Target market (intended customers). Marketing and sales plan.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Startup Professionals Musings

SEPTEMBER 28, 2015

If the elements of your business aren't expertly developed and aligned, even the best dream will be in jeopardy. Such failures ignore the essential business elements investors look for before committing to a startup. A large and growing market opportunity. A focus on a specific market segment.

Exit Strategy 120

Exit Strategy Technical Review Distribution Viral 120

Up and Running

MAY 1, 2014

What are you actually selling and how are you solving a problem (or “need”) for your market? Target Market. If there are multiple market segments for your business, this is where you flesh out the details. Marketing and Sales Plan. How are you going to reach your target market? Target market.

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

Up and Running

APRIL 28, 2015

Your business model has to truly be similar to the company you are referencing. If you aren’t solving some problem in the world, you are going to have a long uphill climb with your business. The more you can make the problem as real as possible, the more your investors will understand your business and your goals.

Forecast 60

Forecast Hockey Stick Exit Strategy Intellectual Property 60

Up and Running

OCTOBER 3, 2018

PARE specializes in fixing and flipping residential properties by buying homes in need of repair, renovating them, and then putting them back on the market. Your executive summary will include the following sections: Who you are: Your business name, location, and contact information. . Target market: Who is your ideal buyer?

El Paso 61

El Paso Business Plan Technical Review Forecast 61