Startup Professionals Musings

MARCH 27, 2023

Unfortunately, some are so focused on this principle that they forget that every business, even nonprofits, have to practice the basic principles of capitalism (build a business model to make money) to cover their costs to do good things another day.

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Startup Professionals Musings

OCTOBER 8, 2022

Don’t try to build the “ultimate” business model, for all possible alternatives, in multiple business domains. For maximum value with the least effort, focus on only the “what ifs” that are the highest priority in your mind for your own startup. What if you need to change your market size and volume projections?

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Startup Professionals Musings

FEBRUARY 12, 2023

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time.

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Startup Professionals Musings

DECEMBER 12, 2022

For example, entrepreneur Sir Richard Branson has started or grown over 400 companies, from record labels to space travel, so for him the joy is clearly in the startup. Bill Gates, on the other hand, spent most of his career building Microsoft to a multi-billion dollar company, so he made the transition from startup to growth company.

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Startup Professionals Musings

SEPTEMBER 13, 2022

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. Join a startup incubator. Only one-third make it past their tenth anniversary.

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Startup Professionals Musings

SEPTEMBER 15, 2021

But very quickly, it is becoming obvious to startups that the value and satisfaction exceeds the costs. To legally facilitate startups who want to give top priority to socially conscious solutions, thirty-five states, starting with Maryland way back in 2010, have passed legislation allowing incorporation as a Benefit Corporation (B-Corp).

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Startup Professionals Musings

APRIL 24, 2022

In this context, it’s time for every business, not only startups, to take a fresh look at the basics of business success. This means building a revenue stream, and tuning your business model to produce margins in the 50 percent range or above. Every startup needs a sustainable competitive advantage.

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Startup Professionals Musings

JANUARY 22, 2022

Potential startup founders are always looking for ideas to implement, when they should be looking for problems to solve. Luckily, many startups are smart enough to keep morphing their idea, until it finally fits a real-world problem, and they can move forward in the marketplace. Fix something that’s broken. Marty Zwilling.

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Startup Professionals Musings

FEBRUARY 11, 2023

New business models that provide an ongoing revenue stream, or a secondary stream from advertising, raise your margins and can give you some additional satisfaction. Enjoy that first video interview at an industry conference, or the newspaper story which enhances your startup visibility and credibility.

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Steve Blank

MARCH 17, 2020

With the Covid-19 virus a worldwide pandemic, if you’re leading any startup or small business, you have to be asking yourself, “What’s Plan B? If you’re running a startup or small business, your first priority (after your family) is keeping your employees and customers safe. What does your new business model look like?

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Startup Professionals Musings

JANUARY 23, 2021

Ironically, as a startup investor and mentor, I have seen too many failures caused by just the opposite – too much money spent too soon, taking time to get product perfection, and assuming customers will wait. How many times have you actually made up work to keep an idle person busy? Build entirely new business models and systems.

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Startup Professionals Musings

MAY 30, 2021

There is also more going on in every location, so this personal need and super sensitivity to the local community has spawned a new breed of Internet startups, called “hyperlocal.” The term first appeared at least ten years ago, but the model is now very common. What’s more difficult than building one successful startup?

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Startup Professionals Musings

AUGUST 8, 2020

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. Many of the major business successes started this way. And we all know Facebook didn’t invent social media.

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Startup Professionals Musings

AUGUST 2, 2021

New entrepreneurs routinely jump into a startup with a full charge of passion and energy, but often find themselves drained of both after a few months by the workload and challenges. As a result, burnout and loss of passion are consistently listed among the top causes of startup failure, according to many experts. Don’t wait.

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Startup Professionals Musings

MARCH 5, 2021

Startups are the corporations of the future, so I have long believed that entrepreneurs who study existing corporate models, rather than ignoring them with disdain, will likely profit from the exercise. This occurs when a new product, service, or business model renders the old way of doing business obsolete.

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Startup Professionals Musings

APRIL 19, 2020

Investors will tell you that they love to put money into startups that are scalable, and ready to become the next unicorn. Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Investors don’t invest in services startups. Are you feeling the need yet in your own startup?

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Startup Professionals Musings

DECEMBER 17, 2022

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Unfortunately, the market is changing so fast these days that any upward climb can level off quickly, as the core business growth begins to stall.

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Startup Professionals Musings

MAY 29, 2022

In the old days, every entrepreneur planned on taking their startup public, and making it big. Today the rate of startups going public (IPO – Initial Public Offering) is finally up from the dead zone of the last two decades, and is now double the rate back in 1999. Startups going public are laid open to competitors and critics.

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The Startup Magazine

JULY 7, 2022

All businesses have expenses and should have mechanisms to help them create budgets and track spending. It is common for startups to focus their expense management efforts only on their overall monthly expenses. Unfortunately, this is the wrong approach and will make those startups spend more money than they can afford.

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Gust

NOVEMBER 8, 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.

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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.

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Startup Professionals Musings

APRIL 12, 2020

As an entrepreneur mentor and startup investor, I see with sadness the 50 to 90 percent that fail. Many are just not facing the reality that their passion had a critical business flaw. Every business, young or old, needs to avoid the following six mistakes that he outlines: Anticipating success based on the recent past.

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Startup Professionals Musings

JULY 9, 2017

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. Key partners.

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Startup Professionals Musings

SEPTEMBER 21, 2020

Any startup coach or business advisor will tell you that, on your way to being a great chef, you don't start your journey by inventing the ultimate entre. If your startup is over a year old, and your business isn’t yet ready, you have a problem. time-to-market is critical) Viable financial model. Don’t stand still.

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ReadWriteStart

MAY 29, 2020

However, owing to the rise of on-demand businesses – stepping out of our homes for our daily needs seems to be an idea of another era. On-demand business, what is that? The on-demand business model is also known as an access economy or a shared economy. You need to identify what suits your business model.

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The Startup Magazine

NOVEMBER 21, 2018

To successful create or grow any business you need a plan. In essence, a plan or design for the day to day running of your business is all that a business model actually is. But not just any business model will do; you need one designed for your specific business and one that can be adapted as and when you need it to be.

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Startup Professionals Musings

MAY 19, 2023

Entrepreneurs who experience success with their first startup are often amazed to realize that the risks and fears of doing it right the second time go up, rather than down. Encores are tough, especially in the high-risk world of startups, yet every entrepreneur I know can’t wait to start over and do it again.

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Startup Professionals Musings

NOVEMBER 30, 2020

Some argue the only way to start is to drop everything and jump in with both feet, while others recommend an overlapped approach to the lifestyle, including not quitting your day job until you have revenue and a proven business model. Startups cost money but don’t pay a salary before revenue.

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The Startup Magazine

JULY 1, 2022

Technology startups are all the rage these days. But what many people don’t realize is that starting a technology startup is not as easy as it seems. It takes a lot of hard work and dedication, and you need to have a good understanding of the business world if you want to be successful. Financing Your Startup.

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The Startup Magazine

AUGUST 3, 2022

It’s estimated that some ninety percent of startups fail. That is a pretty daunting statistic if you are an entrepreneur or small business owner launching your new venture. Yet, against all odds, some ten percent of startups succeed. Brilliant Business Idea That Disrupts the Marketplace.

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Startup Professionals Musings

MAY 1, 2021

I’m fully convinced that both inspiration and perspiration are always required in a startup. Truly satisfied customers are a joy to every business person. A business model that works. Yet many people seem to be stuck on one end or other of this equation – all perspiration with no dream, or all inspiration with no reality.

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Startup Professionals Musings

OCTOBER 17, 2020

The impact of the current pandemic on small businesses and staffing is causing us all pain, and forcing new ways of thinking. Maybe we haven’t seen the results yet, but there are thousands of startup opportunities to offer new alternatives and services, to replace those destroyed by the crisis. The impact of global instability.

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Startup Professionals Musings

JULY 22, 2020

Luckily, not all investors are looking for the same thing, so it pays to know what type of investors are most interested in what your startup brings to the table. The key is understanding how potential investors see you, and especially how they view the maturity stage of your startup. Congratulations!

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Startup Professionals Musings

JANUARY 6, 2020

Don’t try to build the “ultimate” business model, for all possible alternatives, in multiple business domains. For maximum value with the least effort, focus on only the “what ifs” that are the highest priority in your mind for your own startup. What if you need to change your market size and volume projections?

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Startup Professionals Musings

JANUARY 4, 2020

They know from forums such as Shark Tank on TV that asking for either too much or too little will derail credibility in the eyes of the investor, and leave the entrepreneur with no money and a struggling startup. Be prepared to explain your business model. Can you justify your use of funds to this investor? Marty Zwilling.

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Steve Blank

OCTOBER 24, 2014

—— The Lean Startup process builds new ventures more efficiently. 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. Integration with Customer Development and Lean Startup.

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Startup Professionals Musings

MARCH 22, 2023

Enjoy the personal learning and growth of new business models, more efficient processes, and existing customers who remain loyal due to your initiatives. Amazon and Jeff Bezos credit much of their growth and success to incenting innovative business “experiments.”

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