Startup Professionals Musings

JANUARY 4, 2015

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Quantify overhead costs.

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Forecast Entrepreneur Burn Rate Widget 120

Up and Running

JUNE 23, 2022

As mentioned before, angel investment and venture capital, and even peer-to-peer lending are also great options. There are also more traditional alternatives such as leasing to reduce capital expenditures, receivables, and inventory financing. Change your business plan. To review and revise your business plan.

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SBA Finance Balance Sheet Technical Review 163

Startup Professionals Musings

DECEMBER 11, 2017

You need 5 percent or more of revenue for marketing, more for new development, and people costs will double as you add benefits, insurance, training, IT and processes. If you want to be assessed as a “premium” acquisition candidate down the road, an aggressive but reasonable target might be doubling revenue each year.

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Burn Rate Forecast Angel Investor Revenue 144

Up and Running

FEBRUARY 14, 2018

Draft a business plan. Once you have some goals in mind, it’s time to make a plan to achieve them. You do this by showing them your business plan. This is because the executive summary includes a general summary of your entire business plan. You can’t summarize what you haven’t finished. .

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Balance Sheet Business Plan Security Forecast 90

Up and Running

JULY 28, 2020

With these forms of loans, it is important that you have a solid business plan in place before applying. This form of funding tends to be more useful for established businesses that are looking to grow and typically requires a thorough pitch deck to showcase. Venture Capital and Angel Investment.

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Small Business SBA Bootstrapping Venture Capital 118

Up and Running

OCTOBER 3, 2017

This article is part of our “Business Planning Guide” —a curated list of our articles that will help you with the planning process! Start from the very beginning understanding that your business plan ought to be specific to your business needs and objectives. Build your plan, then organize it.

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Business Plan Balance Sheet Forecast Lean 134

Up and Running

MAY 3, 2012

Sean Seton-Rogers of PROfounders Capital recently claimed that of the more than 3,500 business plans they had received, his London, U.K. based venture capital fund had just invested in 17 companies. Yet the story of perseverance, creative genius and hard work persists.”.

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Entrepreneur Technical Review Silicon Valley Lean 82

Steve Blank

JULY 28, 2011

The combination of Venture Capital and technology entrepreneurship is one of the great business inventions of the last 50 years. Filed under: Lean LaunchPad , Teaching , Venture Capital. It provides private funds for untested and unproven technology and entrepreneurs. – seems like another planet.

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Engineer Silicon Valley United States Intellectual Property 283

Growthink Blog

SEPTEMBER 13, 2017

To illustrate, let’s investigate two typical company scenarios: Company Scenario #1: A company lacking great financial traction - slow revenue growth, little profit - but one that competes in an industry attractive to strategic and financial buyers. Many software and healthcare businesses fit this description.

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Harvest IP Software Review Forecast 48

Steve Blank

DECEMBER 3, 2012

A business model for an existing company or division is not filled with hypotheses, it is filled with a series of facts. Operating divisions execute the known business model. Plans and processes are in place, and rules, job specifications, revenue, profit and margin goals have been set. We will propose some alternatives.

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Business Model Customer Development United States Operations 334

Up and Running

MAY 23, 2016

In fact, SaaS industry revenue is projected to grow from $49 billion in 2015 to $67 billion in 2018, a compound annual growth rate of approximately eight percent. Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. How to Write a Traditional Business Plan.

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Software Review Software Delaware Forecast 74

Up and Running

AUGUST 12, 2015

Recently, Palo Alto Software CEO Sabrina Parsons hosted a webinar for our Bcast members on how to use LivePlan to create a better business plan, pitch your idea to investors, and track your business. As a successful small business owner, Sabrina wanted to show off how LivePlan’s many features can help boost your business.

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Forecast Video Business Plan United States 60

Cracking the Code

JANUARY 22, 2009

While it may make sense to offer very slight adjustments for favorable payment terms and one time revenue, net additions to MRR should dominate the sales rep’s thoughts. 1 of MRR generates $12 of annual revenue, so $1 commission equals 1/12=8.3% of Year One Revenue Sounds high, but is that considered a reasonable package?

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Software Review Clawback Sales Salary 91

Steve Blank

DECEMBER 7, 2010

Many entrepreneurship courses focus on teaching students “how to write a business plan.” are what make it a business, 2) business plans are fine for large companies where there is an existing market, existing product and existing customers. . This class is not about how to write a business plan.

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Wiki Lean Management Business Model 315

Up and Running

AUGUST 19, 2014

Though that level of restraint may mean living quite “lean” in your personal life for a while, doing so provides an opportunity to establish solid footing for your business as early as possible, so that you have at least one year to learn from the trends and sales cycles that will emerge once you’re past “break even.”

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Up and Running

MAY 15, 2018

Whether you are hoping to expand a small business with a loan or going for a round of venture capital, you will need a scalable business model. Investors in particular want to fund only scalable or ready to scale businesses. Your business idea itself needs to be scalable. Write a business plan.

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SBA Angel Investor Technical Review Startup 84

Steve Blank

SEPTEMBER 3, 2009

Once the product begins to ship, startup sales execs use orders and revenue as its marker of progress in understanding customers. 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. What plan says that?

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Customer Development Developer Silicon Valley Customer 227

Growthink Blog

FEBRUARY 14, 2018

In the case of most smaller businesses, it starts with a thorough audit of all expenses - rents and labor especially - and then matching those against sources of revenue to identify which are moving forward value-add and which are "legacy," expiring and running out of time.

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New York Forecast Matching Restful 48

Growthink Blog

FEBRUARY 15, 2017

Yes, in making the movie Lego has mixed, matched and “Frankensteined” together a number of disparate concepts, storylines, and brands to create a new business form. A form monetizable with new customers and with multiple, additional revenue streams associated with it. And we can all learn a lot from their crazy creation!

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Forecast Matching Audience Analytics 48

Tim Keane

JANUARY 12, 2010

  I’ve sat down with entrepreneurs and a copy of a term sheet guide I like [ “Term Sheets & Valuations - A Line by Line Look at the Intricacies of Venture Capital Term Sheets & Valuations ” by Alex Wilmerding, Aspatore Press.]   In a bottom up approach, the forecast is built from actual user projections.

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Term Sheet Valuation Dividend Liquidation Preference 68

Growthink Blog

JULY 19, 2017

Two conversations from earlier this week stand out for me - the first with the General Manager of a North Carolina war memorial museum and the second with the CEO a $50 million+ revenue Texas - based satellite services business.

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North Carolina Texas Forecast Leadership 54

Steve Blank

AUGUST 27, 2009

Yet we used the product development model not only to manage product development, but as a road map for finding customers and to time our marketing launch and sales revenue plan. The model became a catchall tool for all schedules, plans, and budgets. We had no clue what our market was when we first started.

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Silicon Valley Product Startup Product Development 268

Growthink Blog

MAY 27, 2015

This is evidenced by both the huge sums of money companies are investing in BI ( forecast by IDC to grow to over $52B in 2016) and by the research that show "BI Best in Class" companies enjoy double the revenue growth and triple the profit growth relative to their “BI Average” competitors ( Gartner Group ).

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Open Source Analytics Forecast Technology 48

Tim Keane

JUNE 13, 2006

In other words, if you are forecasting 100 orders in the next quarter, at $10,000 each, I’d ask how many potential orders there are in the market, whether there is any existing competitive experience, and how you derived your timing. Do you have assumptions about how long it will take to achieve each order? What it will cost? April 2013.

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Wisconsin Entrepreneur Startup Angel Investor 60

Up and Running

MAY 22, 2018

You’ll have to actually demonstrate that you’re generating revenue and increasing your client base. Briefly mention their diverse experiences and background so investors can see that your business is balanced perfectly. As a founder, you know that your financials are the barometer tell the real story about the health of your business.

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Exit Strategy Angel Investor Search Elevator Pitch 90

Small Business Force

OCTOBER 14, 2016

I’ve written countless articles and blog posts about raising capital. It’s one of the single hardest things you will ever undertake in your business career. Professional investors, be they angels, venture capital or private equity firms are always looking at far more deals than they could invest in.

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Sweat Equity Private Equity Valuation Equity 20