Up and Running

SEPTEMBER 6, 2016

Follow their expert advice to ensure that your first year in business is as successful as possible. Business planning. If you thought the business planning process ended with the launch of your business, think again. Hold a monthly plan review meeting. How can you bring costs down?

Forecast 60

Forecast Software Review Lean Finance 60

Up and Running

MAY 12, 2020

Can I afford the cost of any adjustments that need to be made? Make sure you can legally start a business from home: Check zoning laws in your area and ensure your home is “zoned” for business practices. Develop a Business Plan. It’s been proven that planning makes you more successful.

Software Review 153

Software Review Exit Strategy Technical Review Business Plan 153

Steve Blank

NOVEMBER 1, 2010

With an out-of-this-world business plan. iridium satellite network. When Iridium was first conceived inside Motorola in 1987, worldwide cell phone coverage was sparse, calls were unreliable and per minute costs were expensive. Cell phone handsets were the size of a lunch box and cost thousand of dollars.

Business Plan 335

Business Plan Customer Business Model Customer Development 335

Up and Running

MAY 15, 2018

Your business model must show the potential to increase the revenue with minimal expenditure in the coming months or years. Your business idea itself needs to be scalable. This means being able to increase profits without increasing costs at an equal (or higher) rate. Write a business plan. Angel investors.

SBA 84

SBA Angel Investor Technical Review Startup 84

Startup Professionals Musings

AUGUST 13, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Financial forecast and metrics. See where your cashflow bottoms out.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Up and Running

NOVEMBER 19, 2019

In this article, you will learn how to build a successful business plan for your cannabis grow operation. You’ll follow these simple steps: Create a Business Plan. Create a business plan and strategy for your cannabis cultivation company. Research key partners and start networking. Find funding .

Business Plan 72

Business Plan Harvest Oregon Nevada 72

Startup Professionals Musings

MAY 13, 2011

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Financial forecast and metrics. See where your cashflow bottoms out.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Up and Running

OCTOBER 21, 2014

Part of the reason we spent a full day researching and figuring out location, has to do with what it will cost you to start. If you’re working from home and not seeing clients, you may find your startup costs are limited to marketing, stationery and legal. Day 5: Start ‘business planning’ not the ‘business plan’.

Elevator Pitch 166

Elevator Pitch Software Review SBA Business Plan 166

Up and Running

SEPTEMBER 3, 2015

How easy is it to acquire a customer, and how much will it cost? How much money and effort will it cost to deliver value? Will team members share ownership of the business? Create a basic financial plan. Estimate your basic expenses and forecast sales to ensure that you can make a profit with your business.

Elevator Pitch 60

Elevator Pitch Startup Balance Sheet Forecast 60

Gust

AUGUST 5, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Financial forecast and metrics. See where your cashflow bottoms out.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Up and Running

JULY 3, 2017

A niche is more cost-effective from an organizational and marketing perspective and allows you to have a laser focus on a smaller market. What are the startup costs associated with this business? After answering the following questions, you may be feeling good about where your business venture idea is sitting.

Marketing 111

Marketing Montana Small Business Finance 111

Tim Keane

JUNE 21, 2011

How to prepare a sales forecast for a business plan. First develop a business model.   If you've been through a plan review with someone like a potential investor, think for a moment about the questions you get asked.   "How did you calculate the cost of goods?"  Why?

Forecast 68

Forecast Business Plan Sales Wisconsin 68

Both Sides of the Table

NOVEMBER 19, 2009

There’s a guy in Los Angeles that I met at several tech networking events. He refined his business plan and he got commitments for $150-200k but needed some lead angels to commit first. When he re-approached me he had a much better plan and he had a prototype! A couple of quick stories / examples: 1.

Entrepreneur 414

Entrepreneur Fractional CTO Technical Review CTO Hire 414

Startup Professionals Musings

APRIL 22, 2010

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Financial forecast and metrics. Include a current valuation estimate.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Up and Running

MAY 9, 2016

Whether you want to be your area’s next big general contractor, or you believe you can build a successful small construction company in a specific niche, getting into the construction business is a process. What will you need in your business plan? A construction company is a capital-intensive business. But fear not.

SBA 60

SBA Demand Forecast Balance Sheet 60

Gust

JANUARY 4, 2012

The only exceptions that come to mind are if the IP seems likely to provoke costly litigation, costs too much to develop, or taints the startup with some kind of ties to other ventures or people that give it a checkered past. Here are just a few examples: Creating and revising a business plan (copyright, trade secret).

Intellectual Property 143

Intellectual Property IP Startup United States 143

Startup Professionals Musings

OCTOBER 2, 2012

Use “coopetition” for cost sharing, economies of scale, and open access to new markets. Once you have established your credibility and value, a strategic partnership may lead to other business relationships or a funding source. Plan to spend money on marketing. Be aggressive in your forecasts. Lead rather than follow.

Forecast 257

Forecast Viral Social Network Business Model 257

Up and Running

MAY 20, 2014

While Cliff also says that top MBA programs like those at Harvard and Stanford are worthwhile for networking, he generally argues that there is little value in the academic approach to entrepreneurship. Would I say that all of this has been worth the sticker price of ~$200k, plus the opportunity cost?

Entrepreneur 88

Entrepreneur Advisory Board Silicon Valley New York 88

YoungUpstarts

NOVEMBER 15, 2017

Write a business plan. After you’ve come up with answers concerning your future company and product, it’s high time to map out the business in a concrete and viable way. A business plan is a must for every startup. If you’ve never written anything like that, browse the Net for business plan samples and templates.

Startup 160

Startup Social Media Forecast Early Stage 160

Startup Professionals Musings

JULY 29, 2011

Use “coopetition” for cost sharing, economies of scale, and open access to new markets. Once you have established your credibility and value, a strategic partnership may lead to other business relationships or a funding source. Plan to spend money on marketing. Be aggressive in your forecasts. Lead rather than follow.

Founder 245

Founder Forecast Startup Viral 245

Up and Running

MAY 16, 2016

There are also societal and political factors at play including a growing acceptance among physicians of the practice of home care, as well as pressure to alleviate the demands placed on hospitals and an overall desire to find cost efficiencies in the health care system. “In Step 1: Formulate your business plan.

North America 95

North America United States Technical Review America 95

YoungUpstarts

NOVEMBER 18, 2018

The costs associated with patenting your technological or creative boon, successfully bringing your product to market and compelling larger companies to come to the table and negotiate a royalty deal rests in how you proceed. Master the Art of Trend Forecasting (or Onboard Someone to Do it For You).

Intellectual Property 157

Intellectual Property Forecast LLC Acquisition 157

Up and Running

JULY 15, 2014

I’ve coached many companies over the years, as well as judged several business plan competitions, and I’m always surprised by how most business owners can’t confidently tell you their total market potential. Another good reason to calculate TAM is that it will help you when you’re developing your revenue forecast.

Marketing 122

Marketing Forecast .Net Business Plan 122

Gust

SEPTEMBER 23, 2012

Use “coopetition” for cost sharing, economies of scale, and open access to new markets. Once you have established your credibility and value, a strategic partnership may lead to other business relationships or a funding source. Plan to spend money on marketing. Be aggressive in your forecasts. Lead rather than follow.

Forecast 188

Forecast Viral Social Network Business Model 188

Up and Running

NOVEMBER 4, 2015

You take a quiz answering questions about your business, and based off of your answers, a logo, color palette, brand guide, and more are suggested to you. If you’re looking for something quick, DIY, and no-cost, this is for you. You can also compare your forecasted marketing and advertising budget against the competition.

Curation 60

Curation Finder Startup Social Media 60

Up and Running

FEBRUARY 12, 2019

It must be because they think they need to address every aspect of their business plan in one fell swoop, but doing so makes them seem anxious, tense, and nervous. Share what your assumptions are about your business model. 100,000 unique visits/month to our network of online sites. is our customer acquisition cost (CAC).

Sweat Equity 122

Sweat Equity Churn Rate Elevator Pitch Forecast 122

Up and Running

MAY 15, 2019

But, the good news is, if all those people could start a brewery, then you can too—as long as you know what you’re getting into and have a solid business plan for your brewery. The Hughes brothers developed a solid business plan and built a core team to bring their vision to reality. Review your business plan regularly.

Oregon 24

Oregon Jordan Software Review Distribution 24

Up and Running

FEBRUARY 21, 2014

Some find ways to create off-season demand through partnerships with other businesses, or by offering deals to local customers, or by moving sales online. The key to success in a seasonal business is management of cash flow. A good cash flow forecast will help with analysis of funds available and costs throughout the year.

Oregon 104

Oregon Small Business Administration SBA Forecast 104

Feld Thoughts

AUGUST 12, 2011

Build a financial model that forecasts the P&L. Revenues and costs should both be based off of a robust set of assumptions. Tie the P&L forecast to the Balance Sheet and Cash Flow Statement and generate snapshots of what the Financial Statements will look like each year for the next 5 years. historical data).

Balance Sheet 136

Balance Sheet Forecast Cap Table Early Stage 136

Tim Keane

MARCH 9, 2011

How to prepare a sales forecast for a business plan » March 09, 2011. The overarching idea, of course, is to reduce the cost of capital while maintaining appropriate flexibility for the venture.  Business success is the ultimate goal. 2]   Aligning interests in structure: cost and risk.

Finance 83

Finance Bootstrapping Startup Equity 83

Up and Running

JANUARY 24, 2014

It must be because they think they need to address every aspect of their business plan in one fell swoop, but doing so makes them seem anxious, tense, and nervous. Share what your assumptions are about your business model. 100,000 unique visits/month to our network of online sites. is our customer acquisition cost (CAC).

Sweat Equity 138

Sweat Equity Churn Rate Forecast Business Model 138

Up and Running

AUGUST 8, 2013

There are excellent websites such as National Enterprise Network to provide advice on your business idea. Business Plan. You’ve registered your idea and ironed out the kinks by speaking with your target market, now it’s time to put pen to paper and script your business plan. Financial forecast.

Limited Liability Company 78

Limited Liability Company Intellectual Property Private Equity Business Plan 78

Up and Running

APRIL 23, 2018

Your goal can be as big or small as you want, but while having a big goal is good for the distant future, you should also create some shorter-term, realistic goal for your business plan. Next up, you need to work out how you plan to sell your clothing. Keep your startup costs low. How will you sell?

eCommerce 90

eCommerce Design Social Media Cost 90

Cracking the Code

JANUARY 22, 2009

To know whether it is worth adding more complexity to this sales comp plan, you need to ask yourself two questions: Am I better off with a one year contract to preserve my ability to raise the price or do I need multi-year contracts to reduce the churn? What is my cost of capital and how much is worth an incremental upfront payment?

Software Review 91

Software Review Clawback Sales Salary 91

Up and Running

AUGUST 3, 2016

In order to keep your business on track for where you want it to be your first year, next year, and ten years down the line, set realistically written targets for: Overhead, as recommended by Hedley, should be set at a minimum 20 percent annual return on your fixed costs, from estimating and marketing to accounting and office supplies.

Revenue 60

Revenue Nebraska Virginia Lean 60

Tim Keane

FEBRUARY 3, 2010

(OVP Venture Partners) My own take on this is that a business plan with a bottom up forecast demonstrates an understanding of the potential market that investors love.  It welcomes feedback from potential customers and experts, reduces the cost and risk of the startup and can potentially drive success quickly. 

Marketing 116

Marketing Wisconsin Startup Angel Investor 116

Tim Keane

APRIL 14, 2008

As one example, think about forecasting sales based on market potential and competition, rather than simply on historical results by salesperson. If we see that our total accounts are underpenetrated in one market, can we test how much it costs and how long it takes to acquire new ones?

Ireland 60

Ireland Wisconsin Forecast Sales Cycle 60