Remove Business Plan Remove Forecast Remove Product Development Remove Technology
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How and Where to Write About Technology in Your Business Plan

Up and Running

Often, a business plan introduces a new technology that requires some explaining. On one hand, as a reader of business plans for investors, I see way too many business plans that ask a reader to wade neck-deep through technology to get to the business. Are we developing what we should?

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Extremely Valuable Tips for Creating a Financial Forecast During the Early Stages of an Entrepreneurial Journey

Up and Running

Creating financial forecasts and budgets are not typically how many entrepreneurs envision spending their time, but these tools are incredibly necessary. An accurate and thoughtful forecast can be time-consuming, but it will help you to make informed decisions regarding staffing and growth, and it will help you attract investors.

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WHY ARE COMPANIES GRAPPLING FOR DATA

The Startup Magazine

Most industries have touched their peak, matured, and there is little room to improve in the world of homogenous products, similar marketing, and standardized, efficient processes. However, in the last decade, a phenomenon has emerged due to the fathom growth in the technological sector, i.e., data.

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Is the Lean Startup Dead?

Steve Blank

But as Carlota Perez has so aptly described, all new technology industries go through an eruption and frenzy phase, followed by a crash, then a golden age and maturity. Then the cycle repeats with a new set of technologies. Some have labeled this period as irrational exuberance.

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How Can Startups Avoid The Dreaded Crash and Burn?

The Startup Magazine

They promise to disrupt the industry and completely change how their clients or customers view technology, society, or a little bit of everything. When outlining your business plan, it’s best to plan for the long term and outline contingency plans that can help you stay on the right track in case you experience sudden growth.

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Love/Hate Business Plan Competitions

Steve Blank

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.,

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The Customer Development Manifesto: Reasons for the Revolution.

Steve Blank

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.