Startup Professionals Musings

OCTOBER 9, 2023

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Defining the right business model requires the same diligence as designing the right product, but the approach and skills required are different.

Technical Review 220

Technical Review Advisory Board Software Review Business Model 220

Startup Professionals Musings

APRIL 11, 2022

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. In my experience as a new business advisor, a business is nothing until people are aligned and work in sync. Value propositions.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Steve Blank

JANUARY 27, 2011

The most visible step was the first International Business Model Competition , hosted by the BYU Rollins Center for Entrepreneurship and Technology. We’ve been teaching that the difference between a startup and an existing company is that existing companies execute business models, while startups search for a business model.

Business Model 275

Business Model Utah Intellectual Property Agile 275

Startup Professionals Musings

DECEMBER 2, 2022

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model. Production. Revenue model.

Business Model 256

Business Model Distribution Viral Green 256

Steve Blank

APRIL 12, 2010

He took a deep breath, looked around the boardroom table and then proceeded to outline a radical reconfiguration of the product line (repackaging the products rather than reengineering them) and a change in sales strategy, focusing on a different customer segment. The Search for the Business Model.

Business Model 332

Business Model Agile Customer Development Startup 332

TechEmpower

JULY 31, 2023

Proving your Business Model Works - Build, Define, and Review But how do you prove your numbers? Start by building just enough of your product to get early CAC and CLV signals (they won’t be perfect). cto , infotech , innovation , product , project , saas Don’t worry about scaling just yet.

Metrics 260

Metrics Startup Retention Acquisition 260

ReadWriteStart

JUNE 8, 2021

But one of the secrets to effective scaling is an efficient team; if your employees are working productively and consistently, they’ll be capable of making your vision a reality. What Makes Employees Productive in a New Startup? So what is it that makes employees productive in a new startup? Is Productivity Everything?

Employee 127

Employee Product Startup Software Review 127

Steve Blank

JANUARY 17, 2023

Three types of organizations – Incubators, Accelerators and Venture Studios – have emerged to reduce the risk of early-stage startup failure by helping teams find product/market fit and raise initial capital. He had a track record of taking small teams and growing them into successful product lines.

Technical Cofounder 346

Technical Cofounder Intellectual Property Technical Review Incubator 346

Hearpreneur

OCTOBER 13, 2023

A well-constructed business model is a foundational element of a business plan and strategy. Business models can vary significantly across industries and businesses, reflecting each enterprise's unique characteristics and goals. Thanks to Jordan Adair, ShirtMax ! #2- Thanks to Rodney Warner, Connective ! #3-

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Business Model Affiliate Jordan B2C 129

Startup Professionals Musings

JULY 1, 2017

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Consider licensing your product or intellectual property, and “white labeling.”

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Product Development Cost Developer Product 177

YoungUpstarts

OCTOBER 19, 2017

by Steve Owens, Founder and CTO of Finish Line Product Development Services. The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. Reducing product turn time. Start-ups are very different from established businesses.

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Product Development Lean Developer Product 132

ReadWriteStart

OCTOBER 2, 2023

They poured their hearts and souls into creating an innovative product fueled by the desire to make a difference in the lives of their target audience. Startup X reached out to a product design services provider, and with their help, they were able to turn their fortunes around. The good news is that there’s hope!

Design 105

Design Product Churn Rate Architecture 105

Startup Professionals Musings

FEBRUARY 26, 2023

Thus the subscription model (low fixed monthly payments), has become the norm for new products and services. Front-of-the-line model. It works for the need to resolve IT issues in a small business, to avoiding long lines at popular clubs and hotels. Network model.

Business Model 294

Business Model Startup Cloud Curation 294

Startup Professionals Musings

FEBRUARY 14, 2022

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Nail the business model. Leverage your customer conversations to predict and validate your business model.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

Startup Professionals Musings

MARCH 3, 2023

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.

Business Plan 280

Business Plan Product Architecture Business Model 280

Startup Professionals Musings

MAY 19, 2023

Every startup success is a function of great people, products, and profits. Solution and business model innovation require pushing the limits. Perfectionists never win in the startup business. Leapfrog products invent and reinvent markets. Incremental product ideas do not change markets.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229

Startup Professionals Musings

AUGUST 4, 2013

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model?

Business Model 235

Business Model Product Advisory Board Angel Investor 235

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 17, 2011

Cancellation rate] = [product utility] + [service quality] + [acceptable price]. I’ve never seen a graph of “usefulness of the product.”) ” For a simple subscription business model the formula is easy to write but hard to compute : [LTV] = [monthly revenue] × [number of months in lifetime].

Business Model 245

Business Model Metrics Engineer Technical Review 245

Version One Ventures

SEPTEMBER 12, 2023

The most powerful disruptions occur when a technology disruption and a business model disruption go hand in hand. This ‘double disruption’ forces incumbents to get up to speed with a new technology and a new business model at the same time. It was suddenly free for consumers to access content and software products.

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Business Model Technology Differentiation Software 127

Startup Professionals Musings

MAY 8, 2016

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.

Business Plan 120

Business Plan Product Architecture Startup 120

Startup Professionals Musings

AUGUST 13, 2013

Within the startup realm, there is a big difference between having an innovative product versus an innovative business. Some startups have a new technology, but stick to a tried-and-true business model. Others take an existing product, and give it new life with a creative business model.

Business Model 231

Business Model Product Metrics Global 231

Startup Professionals Musings

OCTOBER 11, 2023

In fact, that feeling of autonomy makes everyone more productive, more loyal, and feel valued. Don’t hesitate to look for new business partners who can mitigate your constraints, including distributors, new channels, or even competitors with complementary products. Adopt alternative business models to address challenges.

Technical Review 277

Technical Review Partner Matching Channel 277

The Next Web

DECEMBER 30, 2012

How do you monetize a unique business model based on users rather than selling an actual product? We have a very simple business model. We create the best experience for creating personalized books, cards and calendars then our customers pay us for these products. Giving it away at Contently. “At

Business Model 133

Business Model Technical Review Advertising B2C 133

The Startup Magazine

AUGUST 6, 2021

But like any business model, problems are sure to arise from time to time. It’s great that a dropshipping business model means you don’t have to handle order fulfilments, as that side of things is left to the manufacturers or wholesalers in the supply management chain. Image source: [link]. Suppliers Running Out of Stock.

Software Review 154

Software Review United States Business Model Stock 154

YoungUpstarts

AUGUST 6, 2021

There are many ways to increase productivity in a coworking business model, and all of them arise from the same premise: a systematic and content employee is a productive employee. The post Coworking Productivity Tips To Improve Your Business appeared first on Young Upstarts.

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Product Business Model Employee 246

ReadWriteStart

SEPTEMBER 9, 2022

It’s not an easy decision, but several factors need to be considered before deciding whether or not to build your own online B2B Marketplace or use an existing online marketplace — such as Alibaba, Alibaba,comGlobal , eBay, and SeeBiz — or sell your products or services on Shopify or Amazon. How to Sell Products Online.

B2B 131

B2B Developer Technical Review Business Model 131

Steve Blank

OCTOBER 24, 2014

Product/Market fit now has its own book. It has three parts: a business model canvas to frame hypotheses, customer development to get out of the building to test those hypotheses and agile engineering to build minimum viable products. Product/Market fit. Product/Market Fit. Alexander Osterwalder wrote it.

Business Model 335

Business Model Design Customer Development Lean 335

Steve Blank

APRIL 20, 2021

Many of them get hung up on understanding how to select the right minimal viable product. He came up with the concept to simply the search for product/market fit by using an MVP Tree. Many startups fall into the trap of building toward a “mission” rather than a minimum viable product (MVP). Your mission is your baby.

Product 436

Product Viral Channel San Francisco 436

Startup Professionals Musings

JUNE 12, 2022

I agree with Sharma that it’s time to move on to a new way of thinking, living, and doing business, especially after the recent demoralizing pandemic impacts. They have become a by-product of innovation rather than the cause of it: Conglomerates grew from industrialization, not innovation.

Artificial Inteligence 315

Artificial Inteligence Offshore Merger Technical Review 315

The Entrepreneurial Mind

FEBRUARY 27, 2012

Developing a sound business model is key to the successful launch of a business. But you should never assume the business modeling is finished once the business begins to grow. Keeping a business model current is critical for long-term success. All businesses experience changes over time.

Business Model 76

Business Model Charlotte Raleigh Technical Review 76

Startup Professionals Musings

AUGUST 23, 2020

Every startup success is a function of great people, products, and profits. Solution and business model innovation require pushing the limits. Perfectionists never win in the startup business. Leapfrog products invent and reinvent markets. Incremental product ideas do not change markets.

Technical Review 324

Technical Review Entrepreneur Due Diligence Business Model 324

ReadWriteStart

AUGUST 30, 2022

Most investors want to finance a project that targets a large market to allow the business to scale. To do this, startup founders need to analyze how many potential customers the product has, how much they can pay, and how their number changes over time. Drawing Up a Financial Business Model.

Software Review 183

Software Review Technical Review Cofounder United States 183

VC Cafe

FEBRUARY 21, 2023

It’s not just the competition against the incumbents and the large tech platforms that founders has to worry about, but most importantly is the company’s performance and product market fit. Understanding the benchmarks on conversion, retention, and churn for your business is therefore critical. Hope you find this helpful.

Retention 109

Retention Conversion Churn Rate B2C 109

Startup Professionals Musings

SEPTEMBER 8, 2023

Too many relationships never advance beyond this stage, resulting in poor communication, no cooperation, low trust, and low shared productivity. Moving forward to a workship is critical to the business. Your business will benefit from the increased productivity, high morale, and skill growth. Workship - Mentor.

Business Model 229

Business Model Developer Partner Entrepreneur 229

Start Up Blog

FEBRUARY 26, 2023

1) A new technology + (2) A new business model If we only have one, the incumbents can usually adapt. They can plug the new tech into the existing business model. Or, they can revert the old technology into a new business model. Each time they sold the new tech in the old business model.

ChatGPT 90

ChatGPT Technical Review Generative AI Azure 90

VC Cafe

MARCH 1, 2024

Eliminating middlemen in healthcare – from using AI to automate repetitive human jobs to exploring new and better business models for providing care. Iterating with intelligent editors – products that enable users to take an existing output and refine it (ex.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

The Startup Magazine

OCTOBER 4, 2023

Insights from market research enable you to spot both strengths and weaknesses in your planned business model – helping you steer clear of pitfalls while maximizing opportunities. Developing a Business Plan The findings from your market research should form the backbone of your comprehensive business plan.

Balance Sheet 107

Balance Sheet Technical Review Business Model Business Plan 107