Up and Running

OCTOBER 3, 2018

Whichever type of plan you choose, remember that a business plan is a living document. Set a specific time each month to review it , comparing forecasts to actuals and revising as necessary. Assumptions change based on experience, and your business plan should change along with these assumptions. Be specific.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Startup Professionals Musings

AUGUST 8, 2016

Remember you can’t sustain a business or social cause with no revenue or profit. The best differentiation is a patent or other intellectual property that also provides a barrier to entry. Validate your business model on real customers. The best business models benefit social needs as well as business needs.

Intellectual Property 120

Intellectual Property Entrepreneur Elevator Pitch Exit Strategy 120

Startup Professionals Musings

AUGUST 7, 2015

How the solution and business model work to fund the business. Every customer understands that your solution has to generate more revenue than cost, but you should not put that data in a customer pitch. Investors will impatiently expect a winning business model, customer segment definitions and volume projections.

Product 120

Product Intellectual Property Liquidity Event Burn Rate 120

Startup Professionals Musings

AUGUST 13, 2012

Do describe your intellectual property and “secret sauce”. Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Financial forecast and metrics.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Steve Blank

JULY 28, 2011

From the point of view of scientists and engineers in a university lab, too often entrepreneurship in all its VC-driven glory – income statements, balance sheets, business plans, revenue models, 5-year forecasts, etc. They may decide to license their intellectual property based on their research.

Engineer 278

Engineer Silicon Valley United States Intellectual Property 278

Startup Professionals Musings

MAY 13, 2011

Do describe your intellectual property and “secret sauce”. Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Financial forecast and metrics.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Gust

AUGUST 5, 2012

Do describe your intellectual property and “secret sauce”. Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Financial forecast and metrics.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Startup Professionals Musings

APRIL 22, 2010

Do describe your intellectual property and “secret sauce”. Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Financial forecast and metrics.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Startup Professionals Musings

NOVEMBER 2, 2018

At the other extreme, I don’t condone greedy and unethical business practices to unjustly shake down customers and employees alike. As an investor myself, I look for a balanced story focused on the major elements that drive profitability, including the following: A 5-year financial forecast achieving a positive cash flow early.

Intellectual Property 48

Intellectual Property Initial Public Offering Merger Acquisition 48

Up and Running

MAY 15, 2019

“The number one piece of advice I give new brewery clients that are in startup stages is to engage your main business vendors early on in the process and find the right people to serve your needs,” says Jason Jordan. There’s no one model—or one business plan—for breweries. Hire the right team. Metrics: Know your numbers.

Oregon 24

Oregon Jordan Software Review Distribution 24

Tim Keane

JANUARY 12, 2010

3]   However, if they are built bottom up, they demonstrate and make explicit a range of business model assumptions the entrepreneur is using to think about his business and its revenue model.   In a bottom up approach, the forecast is built from actual user projections.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

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. Slide 5: Revenue model. Some businesses have key strategic partnerships that are critical to their success.

Forecast 60

Forecast Hockey Stick Exit Strategy Intellectual Property 60