Duct Tape Marketing

APRIL 6, 2022

You know, could you look at my business plan? See if the business model works, all these questions. An untapped pool of demand is waiting for this to come along now, right? This is why I tell entrepreneurs who wanna run, you know, wanna start the next big Google or next big business. Show us that demand.

San Francisco 98

San Francisco Technical Review Incubator Silicon Valley 98

Up and Running

JULY 3, 2014

Pick the one that works best for you, keeping in mind that you can shorten the analysis while keeping the major components of the plan intact. The back-of-the-napkin export business plan (suitable for born-global entrepreneurs). The traditional-export business plan. The Laurel export business plan.

Business Plan 74

Business Plan Widget France Global 74

The Startup Magazine

MARCH 7, 2024

Plan Long Term It seems obvious that every company should have a business plan, yet experiencing sudden growth can affect these plans and too many entrepreneurs are eager to leap ahead without considering how it could affect the business.

Startup 109

Startup Forecast Social Media Cost 109

YoungUpstarts

MAY 6, 2019

If there is a gap in the market, there will be demand. Product development. Now that you have a refined product idea and a team that can turn this idea into reality, the product development stage will start. Initial product development usually consists of prototyping and MVP. Business plan.

Startup 113

Startup Technical Cofounder Merger Early Stage 113

Up and Running

JUNE 14, 2017

Some believe in the all-in approach to product development: build an advanced app. Others believe in the start small, grow strong approach: build a small version of the app, test user demand, and then take it from there. This could have validated their interest and provided me with a tangible proof of demand.

Technical Review 96

Technical Review Distribution Redemption Demand 96

YoungUpstarts

MARCH 2, 2020

Along the way, we found out that preparation, real expectations, inner motivation, and hard work are the most important things to get straight before you even start developing a startup. Here are some of the most crucial practices to incorporate in your business plan before you start developing a product or a service.

Startup 147

Startup Demand Software Acquisition 147

Startup Professionals Musings

SEPTEMBER 1, 2019

Of course, that means a new level of risk, giving up some control, and a new business plan. Most entrepreneurs are mavericks, and their passion drove their new business. Switch your attention from product development to sales. There is no free lunch. Install a real board of directors.

Mezzanine 244

Mezzanine Private Equity Startup Bandwidth 244

Steve Blank

MAY 14, 2012

These founders specify, design, and build a fully featured product using classic product development methods without ever leaving their building. Executives look at that date and the calendar, working backward to ignite fireworks on the day the product is launched. Start-ups by definition have few, if any, of these.

Balance Sheet 335

Balance Sheet Business Model Customer Development Metrics 335

Steve Blank

MARCH 4, 2014

A business model guides an organization to create and deliver products/service and make money from it. It describes the product/service, who is it for, what channel sells/deliver it, how demand is created, how does the company make money, etc. StageGate Process.

IRR 335

IRR Startup Business Model Agile 335

Up and Running

OCTOBER 10, 2018

This article is part of our Business Planning Guide —a curated list of our articles that will help you with the planning process! Business advisors, experienced entrepreneurs, bankers, and investors generally agree that you should develop a business plan before you start a business.

Startup 114

Startup Forecast Lean Balance Sheet 114

Steve Blank

SEPTEMBER 3, 2009

This post describes how the traditional product development model distorts startup sales, marketing and business development. While these objectives provide an illusion of progress, in reality they do little to validate the business plan hypotheses about customers and what they will buy.

Customer Development 220

Customer Development Developer Customer Silicon Valley 220

Steve Blank

MAY 7, 2009

I hate business plan competitions. I Love Business Plan Competitions I had a breakfast with a friend who has founded a few companies in Thailand and started the New Ventures Program at one of their universities. For all the reasons why business plan competitions are wonderful for students from outside the U.S.,

Business Plan 143

Business Plan Silicon Valley RSS Venture Capital 143

Startup Professionals Musings

SEPTEMBER 13, 2017

Of course, that means a new level of risk, giving up some control, and a new business plan. Most entrepreneurs are mavericks, and their passion drove their new business. Switch your attention from product development to sales. There is no free lunch. Install a real board of directors.

Mezzanine 141

Mezzanine Private Equity Startup Bandwidth 141

Steve Blank

AUGUST 27, 2009

This series of posts is a brief explanation of how we’ve evolved from Product Development to Customer Development to the Lean Startup. The Product Development Diagram Emerging early in the twentieth century, this product-centric model described a process that evolved in manufacturing industries.

Silicon Valley 263

Silicon Valley Product Startup Product Development 263

Startup Professionals Musings

NOVEMBER 3, 2013

Of course, that means a new level of risk, giving up some control, and a new business plan. Most entrepreneurs are mavericks, and their passion drove their new business. Switch your attention from product development to sales. There is no free lunch. Install a real board of directors.

Mezzanine 240

Mezzanine Private Equity Bandwidth Metrics 240

Startup Professionals Musings

FEBRUARY 4, 2015

Of course, that means a new level of risk, giving up some control, and a new business plan. Most entrepreneurs are mavericks, and their passion drove their new business. Switch your attention from product development to sales. There is no free lunch. Install a real board of directors.

Mezzanine 120

Mezzanine Private Equity Startup Bandwidth 120

Steve Blank

JUNE 8, 2009

Customer Development by Vertical - Click to Enlarge (As a reminder, the Customer Development process says your business plan is just a series of untested hypothesis (unless you’re a domain expert.) You take your product vision and get out of your building to turn your hypothesis into facts. New/Disruptive?

Vertical 123

Vertical Silicon Valley RSS Marketing 123

Up and Running

JUNE 12, 2014

The life cycle of a product is associated with marketing and management decisions within businesses, and all products go through five primary stages: development, introduction, growth, maturity, and decline. Development. The product development stage is often referred to as “the valley of death.”

Product 80

Product Intellectual Property Oregon Revenue 80

Startup Lessons Learned

NOVEMBER 8, 2008

Most likely, your business plan is loaded with opinions and guesses, sprinkled with a dash of vision and hope. Customer development is a parallel process to product development, which means that you dont have to give up on your dream. What is customer development? This is a common mistake.

Customer Development 168

Customer Development Developer San Francisco Customer 168

Up and Running

AUGUST 4, 2016

True, you’re going to be in competition with a lot of other people, but you’re also going to be operating in one of the most in-demand industries, and in an industry of the future. If, however, you want to start a construction business but haven’t taken those first steps yet, read our guide on How to Start a Construction Company.

United States 60

United States Architecture America Lean 60

Austin Startup

AUGUST 20, 2017

Your original business plan will probably go out the window when you land your first customer. Do they perceive enough value to pay prices that create for you a profit margin that matches your business model? Your Product Plan must fit into context of your overall business mission.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Steve Blank

NOVEMBER 5, 2009

It should go without saying that this post is not advice, nor is it recommendation of what you should do, it’s simply my observation of how companies using Customer Development positioned themselves to successfully raise money from venture investors. Is there a profitable business model? What are Early Stage VC’s Really Asking?

Customer Development 264

Customer Development Developer Customer Silicon Valley 264

Steve Blank

NOVEMBER 2, 2009

The key contributors to an out-of-control burn rate is 1) hiring a sales force too early, 2) turning on the demand creation activities too early, 3) developing something other than the minimum feature set for first customer ship. This “get out of the building” activity is the Customer Discovery step of the Customer Development Model.

Lean 250

Lean Silicon Valley Startup RSS 250

Startup Lessons Learned

OCTOBER 23, 2013

We often tell founders that a business plan is nonsense. A business model, on the other hand, is a snapshot of your business assumptions at this moment in time. That''s why the most critical attribute of early-stage product development is the ability to learn quickly. This is confirmation bias, and it kills.

Analytics 167

Analytics Lean Widget Metrics 167

Up and Running

MARCH 1, 2016

The trick then is figuring out what your exact solution is, and whether or not there will be demand for it on a scale beyond just yourself, or whether or not you’ll be able to compete, if you’re entering an already-flooded market, like the shampoo market. You can do this on your own too using the lean planning methodology.

Non-disclosure Agreement 60

Non-disclosure Agreement NDA Non-Compete Naming 60

Startup Lessons Learned

JULY 6, 2011

Inspired by lessons from lean manufacturing, it relies on “validated learning,” rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want.

Lean 167

Lean Startup Metrics Private Equity 167

Startup Lessons Learned

SEPTEMBER 27, 2010

One of the sayings I hear from talented managers in product development is, “good enough never is.&# And, most importantly, it helps team members develop the courage to stand up for these values in stressful situations. What if customers actually like the “crap&# product? If so, execute, iterate, and learn.

San Francisco 167

San Francisco Lean Continuous Deployment Software Review 167

Startup Lessons Learned

NOVEMBER 5, 2008

Lessons Learned by Eric Ries Wednesday, November 5, 2008 Getting educated about advertising, agencies, and media buyers I see lots of startups whose business plans revolve around selling high-value ad space to brand advertisers. What is customer development? Using AdWords to assess demand for your new online.

Advertising 60

Advertising San Francisco Media Continuous Deployment 60

Steve Blank

FEBRUARY 18, 2010

So bowing to popular demand the 2009 blog posts are now available on Amazon on a portable device which provides instant and random access to any post and does not require power or an internet connection. Love/Hate Business Plan Competitions……… 39. Customer Development Manifesto.

Silicon Valley 209

Silicon Valley Customer Development IP Developer 209

Startup Lessons Learned

DECEMBER 14, 2009

A business that strives for something like this should absolutely be charging money from day one, in order to establish baselines for their two key metrics: CPA (the cost to acquire a new customer) and LTV (the lifetime value of each acquired customer). Now consider a traditional media business.

Customer 156

Customer San Francisco Viral Lean 156

Software By Rob

AUGUST 18, 2010

But a more important question to which I don’t have a good answer is whether the Free/Premium strategy leads to better or worse product development. If you offer a product for free you get more users and more feedback on your product. at 1:59 pm i do believe it depends on your business model.

Software Review 78

Software Review Software Revenue Cofounder 78

maplebutter.com

JANUARY 8, 2013

what are the most crucial steps to be taken by a new tech startup when outsourcing major part of the tech to IT firms or outsourcing “product development” eg new social media website project? Near shoring development with your team (ex: your team is based in Canada / India) is cool, but not outsourcing. 5% I believe.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Hearpreneur

SEPTEMBER 25, 2022

Businesses that clearly define their short-term and long-term goals tend to achieve their goals faster and more efficiently than those without any plan. Besides the general focus on customer and product development, an entrepreneur should foresee the next moves that will serve to guide him on the right path.

Forecast 130

Forecast Artificial Inteligence Entrepreneur Technical Review 130

www.quora.com

JANUARY 16, 2011

" => I have not bothered to put up a landing page, survey to test customer demand, or done any customer development whatsoever. "Where is the best place to find a rockstar developer to bring it to life? you can steal an idea just from hearing it, it is not really a good defensible business idea.

Developer 42

Developer Technical Review Cofounder Technical Cofounder 42

Hearpreneur

DECEMBER 31, 2016

I am a licensed Realtor with a business plan that will catapult my business. I have created a business plan to achieve those goals. next year I am looking forward to a real estate business that produces consistent income. 5 years ago, I started my business from just my laptop!

Entrepreneur 71

Entrepreneur Software Review New Zealand Mobile 71

techcrunch.com

OCTOBER 23, 2010

Yeah, you should get out more Just Because Google Exists Doesn’t Mean You Should Stop Asking People Things Skype Demands Mobile App Nimbuzz Remove Support, Effective October 31st Shunned By Apple, Adobe Embraces Android With AIR 2.5 He said that you need a reliable business plan, six months of cash on hand, and cheap labor.

Cofounder 66

Cofounder Founder Silicon Valley Technical Cofounder 66

Hearpreneur

JULY 10, 2017

Prior to starting Ozmo both Ming and I worked in a design house creating new and better products. Throughout my five years of experience in product development, I realized that most of product launch failure could have been avoided by getting the product right earlier on, or understanding the limit of the maker.

Entrepreneur 102

Entrepreneur Hungary Software Review Cofounder 102