Startup Professionals Musings

DECEMBER 5, 2021

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. In a business plan these are only one of the many marketing campaigns which continue to rise in cost. That’s a double death wish.

Viral 348

Viral Marketing SEM Campaign 348

Startup Professionals Musings

AUGUST 14, 2020

They don’t realize that business projections with no third-party validation have no credibility with investors, and smart potential investors will walk away. Every good business plan needs an early section which sizes the total market opportunity, and then breaks down that total into the most relevant segments for your focus.

Business Plan 393

Business Plan Marketing SBA Venture Capital 393

Startup Professionals Musings

NOVEMBER 28, 2020

He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Incorporating a business entity early through online services.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

Startup Professionals Musings

MARCH 21, 2020

Others will work hard on a business plan, and then mail it indiscriminately to every potential investor they can find on the Internet. Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.”

Technical Review 310

Technical Review Angel Investor Business Plan Social Media 310

Up and Running

APRIL 11, 2012

Bill Payne had a nice post on gust.com late last month titled Using your business plan , in which he lists the different forms or outputs people confuse with a business plan and sets each one into the proper use context. Do not hand investors your business plan when you first meet them.

Business Plan 85

Business Plan Elevator Pitch Technical Review Due Diligence 85

Steve Blank

SEPTEMBER 5, 2018

As a reminder, the Dot Com bubble was a five-year period from August 1995 (the Netscape IPO ) when there was a massive wave of experiments on the then-new internet, in commerce, entertainment, nascent social media, and search. Some have labeled this period as irrational exuberance. Then the cycle repeats with a new set of technologies.

Lean 335

Lean Burn Rate Startup IPO 335

Startup Professionals Musings

FEBRUARY 24, 2019

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. In a business plan these are only one of the many marketing campaigns which continue to rise in cost. That’s a double death wish.

Viral 268

Viral Marketing SEM Campaign 268

Startup Professionals Musings

JANUARY 21, 2019

He offers some practical entrepreneurship lessons I most often see talking about Silicon Valley: You still need a good business plan to start. As an advisor to aspiring entrepreneurs, I’m still surprised at how many people believe the myth that business plans are only required to appease big investors.

Silicon Valley 269

Silicon Valley Missouri Technical Review Boston 269

Steve Blank

AUGUST 29, 2011

Max and his partners had interviewed and analyzed over 650 early-stage Internet startups. In May they released the first Startup Genome Report — an in-depth analysis on what makes early-stage Internet startups successful. Today you’re invited to benchmark your own internet startup and see how you compare to the winners.

Software Review 298

Software Review Early Stage Technical Review Startup 298

Startup Professionals Musings

SEPTEMBER 24, 2014

Others will work hard on a business plan, and then mail it indiscriminately to every potential investor they can find on the Internet. Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” Marty Zwilling.

Technical Review 299

Technical Review Entrepreneur Business Plan Angel Investor 299

Startup Professionals Musings

AUGUST 25, 2018

The cost of rolling out a business has never been lower – it only takes a few hundred dollars to incorporate a Limited Liability Corp (LLC) online, create your own website, use social media to get attention, and you are in business. In the early Internet days, it would cost a million dollars to get this far.

Technical Cofounder 184

Technical Cofounder Intellectual Property Silicon Valley LLC 184

Startup Professionals Musings

AUGUST 10, 2014

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Both have worked.Google reached $1 billion in revenue within five years of incorporation, and now has a market capitalization of over $400 billion. A business only achieved critical mass by becoming cash-flow positive.

Revenue 246

Revenue Entrepreneur Valuation Viral 246

Up and Running

OCTOBER 30, 2020

Their referral marketing strategy contributed to 13% of all revenue, and their referral program generated a 2,600% ROI. If you have a great SEO strategy, you can build a profitable-from-day-one online business. SEO is the way we’ve been able to turn Growth Marketing Pro into the largest growth marketing blog on the internet.

eCommerce 152

eCommerce Sales Software Review Canada 152

Up and Running

MAY 10, 2021

Internet of Things (IoT). Today smart homes, savvy health insurance plans are no more from the realm of science fiction but we see them in real life every day. In the age of the internet, even clothes are getting “smart.” Your app may cost you money, but the revenue it generates may justify the budget. dollars by 2024.

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

Startup Professionals Musings

FEBRUARY 15, 2023

Here are the key principles I recommend as an advisor to many entrepreneurs: Start your business in your own home. With the advent of the Internet, the size and address of your office is irrelevant. Favor profitability over revenue and user growth. Use your equity for key executives and business partners.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Startup Professionals Musings

MARCH 25, 2023

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

Valuation 235

Valuation Revenue Viral Retention 235

Up and Running

JUNE 21, 2021

Seeing a 200-percent revenue growth in just the first year after securing that loan, TRISTAR took out an additional $500,000 SBA-backed loan to expand its physical presence into two more locations. It has grown from five employees generating $120,000 in annual revenue to 350 employees generating annual revenues of $16.5

Columbus 134

Columbus SBA SBIR Utah 134

The Startup Magazine

SEPTEMBER 4, 2020

Magento was developed in 2008 to allow businesses to go live on the internet. Size- Depending on how much revenue you plan on doing as well as the size of your business, you are going to want to put that in your business plan. You would not expect to hear about Magento if you are not in E-commerce.

Technical Review 136

Technical Review Technical Support SEO Developer 136

Startup Professionals Musings

MAY 6, 2023

They don’t realize that business projections with no third-party validation have no credibility with investors, and smart potential investors will walk away. Every good business plan needs an early section which sizes the total market opportunity, and then breaks down that total into the most relevant segments for your focus.

SBA 300

SBA Venture Capital Business Plan Social Media 300

Startup Professionals Musings

SEPTEMBER 22, 2022

Great marketing is required to generate revenue and grow every business, especially new businesses which have no brand recognition nor loyal customer base. Yet, as a business consultant, I still find many of you business leaders relying primarily on your technology, word-of-mouth , or location to attract necessary customers.

Marketing 333

Marketing Revenue Matching Viral 333

Startup Professionals Musings

MARCH 5, 2018

Others will work hard on a business plan, and then mail it indiscriminately to every potential investor they can find on the Internet. Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.”

Technical Review 157

Technical Review Angel Investor Business Plan Social Media 157

Startup Professionals Musings

JUNE 26, 2016

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $400B. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

Revenue 145

Revenue Valuation Startup Viral 145

ReadWriteStart

JUNE 1, 2020

Funding might be a need in some cases — but it’s not an absolute necessity. ? The business should be self-sustainable. The primary source of your funds should be your paying customers, i.e., your business should generate enough revenues and profits to fund the growth and expansion. Incubators and Accelerators.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Startup Professionals Musings

MARCH 12, 2012

One of the biggest red flags I see in many Internet-related business plans today is advertising as the initial revenue stream, or a key part of it. Until you get a million page-views per month, your revenue will be negligible, and advertisers won’t be interested in your site. This is a tough business.

Revenue 266

Revenue PPC Advertising CPA 266

Gust

APRIL 27, 2014

I’m continually amazed at the number of entrepreneurs who go for months into a new business without really keeping a formal record of money spent or assets acquired. Use a simple accounting tool like QuickBooks, get away from co-mingled funds, and you have the first business process you need. Develop your business plan.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

Startup Professionals Musings

APRIL 17, 2023

For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested. At this point, most Angel investors and a few early-stage VCs will be happy to talk, assuming you have the business model validated, and a large opportunity. Congratulations!

Angel Investor 313

Angel Investor Intellectual Property Investment Bankers Private Equity 313

Startup Professionals Musings

FEBRUARY 25, 2017

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. In a business plan these are only one of the many marketing campaigns which continue to rise in cost. That’s a double death wish.

Campaign 167

Campaign Cost Viral Marketing 167

The Startup Magazine

JULY 20, 2018

It’s important to do research on successful consignment businesses when creating your own business plan. What are the common denominators among the businesses that you admire? Which are most like the business you would like to run? It will ensure your startup makes the revenue it deserves.

Revenue 83

Revenue Social Media Startup Curation 83

Startup Professionals Musings

MAY 18, 2020

Here are the key principles I recommend as an advisor to many entrepreneurs: Start your business in your own home. With the advent of the Internet, the size and address of your office is irrelevant. Favor profitability over revenue and user growth. Use your equity for key executives and business partners.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

Up and Running

AUGUST 24, 2020

Internet of Things. While AI helps businesses make sense of their data, the Internet of Things (IoT) helps capture and deliver data from a plethora of interconnected devices. Simply put, IoT is a combination of sensor and data analytics systems, helping businesses aggregate metrics to make more accurate decisions.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

Up and Running

SEPTEMBER 22, 2022

Before you jump into starting your own vacation rental business, you’ll need a business plan. This article will cover the steps to create your Airbnb business plan, along with some tips to run it successfully. How to write an Airbnb business plan. Why are you starting your Airbnb business?

Business Plan 110

Business Plan Software Review Technical Review Forecast 110

Startup Professionals Musings

AUGUST 11, 2013

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. In a business plan these are called marketing campaigns, which continue to rise in cost. That’s a double death wish.

Viral 249

Viral Marketing Entrepreneur SEM 249

Startup Professionals Musings

NOVEMBER 4, 2011

If the founders are not experienced, find a couple of advisors from the business sector to fill the gap. Get your Internet domain name and website. They must amplify your “elevator pitch” to investors, as well as key points from the business plan and the financial model. Prepare an investment-grade business plan.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Steve Blank

MARCH 18, 2011

We’re now in the second Internet bubble. VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter. The Business Plan (Concept- Alpha-Beta - FCS ) became the playbook for startups. Carpe Diem. The New Exits.

Internet 335

Internet IPO Silicon Valley Agile 335

Startup Professionals Musings

APRIL 24, 2011

Your friends and family are really the only answer until you have a significant revenue stream. It also helps to keep track of the business sectors VCs are focusing on. Internet and healthcare deals stayed flat and funding actually dipped. Angels are also moving up-stage, leaving a bigger and bigger black hole for new startups.

Venture Capital 233

Venture Capital Revenue Elevator Pitch Silicon Valley 233

Startup Professionals Musings

MAY 31, 2020

Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan. Just for clarification, I characterize a product plan as a formal description of your product or service, with a quick business description at the end for effect.

Entrepreneur 310

Entrepreneur Architecture Business Plan Startup 310

ReadWriteStart

SEPTEMBER 9, 2022

The internet and technology have taken over businesses and marketing strategies, so it’s logical that any b2b company would want to capitalize on this medium to stay competitive in the market. . Understanding The Business Model of a B2B Marketplace. It will take time before you start generating revenue and profits.

B2B 131

B2B Developer Technical Review Business Model 131