Up and Running

JULY 1, 2020

A good business plan is critical to starting a successful business. Creating a plan for business expansions is no less essential. And using your business plan template to develop an expansion plan increases your odds of success and allows you to avoid bad investments.

Business Plan 152

Business Plan Forecast Operations Dilution 152

Both Sides of the Table

NOVEMBER 3, 2009

This is part of my ongoing series of posts and I need to file this one under both Raising Venture Capital and Startup Advice. The last couple of years has also seen the huge initial success of Ycombinator, the Lean Startup and many other product driven approaches to going to market. Short answer: absofuckinglutely.

Business Plan 334

Business Plan AJAX Venture Capital Technical Review 334

Steve Blank

JUNE 26, 2014

We’ve pivoted our Lean LaunchPad / I-Corps curriculum. We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. The Lean LaunchPad is now being taught in over 100 universities. Your potential exit partners are also a customer.

Intellectual Property 287

Intellectual Property Lean IP Open Source 287

Up and Running

MAY 21, 2020

Uncertainty is part of the realities of startups. For example, in a retail store, the list might include writing an initial business plan, choosing a location, fix-up and fixtures, signage, initial stock, staffing, and marketing your launch. You were testing a business idea. A business idea is something different.

Lean 186

Lean Business Plan Software Review Angel Investor 186

Up and Running

AUGUST 28, 2018

If you’re thinking about starting an outpatient medical practice, one of the first things you should do is write a business plan. There are a few different types of business plans , depending on how you intend to use it. If you’re seeking investment or business loans, you’ll need a traditional business plan.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Up and Running

MARCH 26, 2015

Unsure what kind of business plan you need? We get this question a lot, mainly because there are so many different things labelled as business plans: strategic plans, annual plans, operational plans, feasibility plans, and, of course, what most people think of, business plans for startups seeking investment.

Business Plan 60

Business Plan Lean Forecast Balance Sheet 60

Steve Blank

JUNE 8, 2021

Although the class was run completely online, and even though they were suffering from Zoom fatigue, the 10 teams of 42 students collectively interviewed 1,142 beneficiaries, stakeholders, requirements writers, program managers, industry partners, etc. – while simultaneously building a series of minimal viable products.

Lean 413

Lean Security Asia SBIR 413

Steve Blank

MARCH 8, 2011

In January, we introduced a new graduate course at Stanford called the " target="_blank">Lean LaunchPad. It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. – not just web-based startups.

Lean 304

Lean Business Model Customer Development Guinea 304

Up and Running

MAY 9, 2022

One of the best uses for a business plan is as an internal management tool to help you run your business. Now, this doesn’t mean that you need to write a full business plan that you’d traditionally use to pursue funding or pitch to investors. . What is an internal business plan?

Business Plan 160

Business Plan Forecast Lean Channel 160

Startup Professionals Musings

MAY 4, 2016

In my view, starting a new business has never been easier, and according to reports from the Kaufmann Foundation , the numbers are finally here to show it. The number of startups rose in 2015 for the first time in five years, with the largest year-over-year increase in two decades. Fundraising through online platforms and crowdfunding.

Intellectual Property 120

Intellectual Property Startup Angel Groups Social Media 120

Steve Blank

JULY 13, 2021

By the end of the 20th century, case studies and business plans had reached an evolutionary dead-end for entrepreneurs. The Rise of Business Schools – Management as an Occupation. The business school was invented in the first decade of the 20th century in response to a massive economic transformation in the U.S.

Lean 436

Lean Agile Business Model Business Plan 436

Startup Professionals Musings

AUGUST 4, 2018

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial. Get started and get some momentum.

Business Plan 236

Business Plan Lean Matching Cost 236

Up and Running

APRIL 27, 2020

Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway. They’re surviving and finding ways to thrive, but for those looking to start a business, now may be one of the best times to do so. .

Software Review 113

Software Review Lean Forecast Business Plan 113

Startup Professionals Musings

APRIL 10, 2023

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial. Get started and get some momentum.

Business Plan 357

Business Plan Lean Matching Cost 357

Up and Running

AUGUST 30, 2021

Your startup becomes irrelevant. One way to do this before starting your own business is by working for a startup or small fast-paced company in your field. Work at a startup before building your own. It can be a small and nimble startup like Origin, or a company with 50 employees and hiring more every quarter.

Entrepreneur 132

Entrepreneur Lean Colorado Engineer 132

Startup Professionals Musings

JULY 17, 2020

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial. Get started and get some momentum.

Startup 359

Startup Business Plan Lean Matching 359

YoungUpstarts

AUGUST 24, 2015

With the key themes of freedom and value at its core, “ The $100 Startup ” is a brilliant blueprint assisting “wannapreneurs” keen to heed the rallying call of the microbusiness revolution. 3 One-page business plan. Develop a one-page business plan. Can we do this with $100 (or less) in our pocket?

Technical Review 100

Technical Review Software Review South Carolina Startup 100

Steve Blank

MAY 6, 2015

I am always surprised when critics complain that the Lean Startup’s Build, Measure, Learn approach is nothing more than “throwing incomplete products out of the building to see if they work.”. It’s time to update Build, Measure, Learn to what we now know is the best way to build Lean startups. Here’s how.

Lean 120

Lean Agile Business Model Customer Development 120

Steve Blank

JUNE 18, 2013

The Lean LaunchPad entrepreneurship curriculum has caught fire. Ten years ago I started thinking about why startups are different from existing companies. I wondered if business plans and 5-year forecasts were the right way to plan a startup. We were putting the plan before the planning.

Lean 292

Lean Agile Customer Development Business Model 292

Steve Blank

FEBRUARY 23, 2013

My friend Ron Ashkenas interviewed me for his blog on the Harvard Business Review. Ron is a managing partner of Schaffer Consulting , and is currently serving as an Executive-in-Residence at the Haas School of Business at UC Berkeley. He is a co-author of The GE Work-Out and The Boundaryless Organization.

Business Model 334

Business Model Technical Review Business Plan Search 334

Up and Running

JUNE 16, 2020

A business plan is a critical part of opening a food truck. A good plan is like having a recipe for your business and gives you the best chance of success. It will guide you through the process of getting up and running and make sure that you plan for all of the expenses and risks that will be involved.

Business Plan 161

Business Plan Forecast Social Media Cost 161

Up and Running

FEBRUARY 12, 2022

Learn why the traditional way of writing a five-year business plan is often a waste of time and how to use a Lean Plan instead for smarter, easier strategic planning to establish your long-term vision. But, that doesn’t mean that you shouldn’t plan for the long term. What is a long-term plan?

Business Plan 83

Business Plan Lean Forecast Exit Strategy 83

Steve Blank

JANUARY 28, 2013

We realized this mechanism had been occurring for years at University’s startup competitions, such as the MIT 100K Accelerate Contest. We dubbed the program Qualcomm’s Venture Fest and the process, “ Collective Entrepreneurship ”, a three-phase program combining crowdsourcing with entrepreneurial techniques for startup creation.

Programming 298

Programming Design Lean Seed Money 298

Startup Professionals Musings

JULY 24, 2016

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial. Get started and get some momentum.

Business Plan 120

Business Plan Startup Lean Matching 120

Steve Blank

JANUARY 28, 2013

We realized this mechanism had been occurring for years at University’s startup competitions, such as the MIT 100K Accelerate Contest. We dubbed the program Qualcomm’s Venture Fest and the process, “ Collective Entrepreneurship ”, a three-phase program combining crowdsourcing with entrepreneurial techniques for startup creation.

Programming 290

Programming Design Lean Seed Money 290

Feld Thoughts

DECEMBER 4, 2012

This article ( Business Plans Are An Historical Artifact ) first appeared last week in the Wall Street Journal The Accelerators Column , which I’m contributing to on a regular basis. . Timmons’ classic book “New Venture Creation” and the course ended with the submission of a written business plan.

Business Plan 193

Business Plan Lean Cofounder Venture Capital 193

Steve Blank

FEBRUARY 23, 2013

My friend Ron Ashkenas interviewed me for his blog on the Harvard Business Review. Ron is a managing partner of Schaffer Consulting , and is currently serving as an Executive-in-Residence at the Haas School of Business at UC Berkeley. Big Companies versus Startups: Durant versus Sloan Business Model versus Business Plan'

Business Model 226

Business Model Business Plan Technical Review Search 226

Steve Blank

DECEMBER 7, 2009

Posted on December 7, 2009 by steveblank In my 21 years of startups, I had my ideas “stolen” twice. The initial hypothesis for Epiphany (from my much smarter partner Ben ) was that as departments in the enterprise (manufacturing, finance, customer support sales) became automated, the marketing department would eventually get its turn.

Silicon Valley 253

Silicon Valley Non-disclosure Agreement NDA Startup 253

The Startup Magazine

MARCH 25, 2020

If you want your startup business to enjoy unparalleled long-term success, you have to get the basics right during the earliest stages of its conception. Do you want your startup to be a long-term success story? . If it is to enjoy the best possible start in life, your business needs a plan.

Startup 85

Startup Reputation Social Media Finance 85

Startup Professionals Musings

FEBRUARY 15, 2023

Adding free users or customers to increase valuation makes sense for a venture-backed startup looking to go public, but will kill bootstrapping. Self-sustainability, independence, and real fun requires paying customers, profitability and an early cash-flow-positive business plan. Marty Zwilling

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Startup Professionals Musings

NOVEMBER 15, 2013

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial. Get started and get some momentum.

Business Plan 257

Business Plan Lean Matching Entrepreneur 257

Up and Running

NOVEMBER 15, 2017

All of our SWOT analysis examples are based on real businesses that we’ve featured in our gallery of free example business plans. See Also: The Complete Sedibeng Breweries Business Plan. See Also: The Complete Botanical Bounty Business Plan. See Also: The Complete UPer Crust Pies Business Plan.

Botswana 148

Botswana Business Plan Oregon Distribution 148

Steve Blank

JUNE 18, 2013

The Lean LaunchPad entrepreneurship curriculum has caught fire. Ten years ago I started thinking about why startups are different from existing companies. I wondered if business plans and 5-year forecasts were the right way to plan a startup. We were putting the plan before the planning.

Lean 184

Lean Agile Customer Development Business Model 184

Steve Blank

MARCH 7, 2012

Today, the first half of the Stanford Engineering Lean LaunchPad Class gave their final presentations. It’s hard to believe it’s only been a year since we taught the first 10 teams in the Stanford Lean LaunchPad class. We’ll teach over 175 NSF Innovation Corps teams in the Lean LaunchPad course in 2012. A kite-boarding startup?

Lean 261

Lean Business Model Agile United States 261

Up and Running

JANUARY 24, 2019

I understand that many of you are in startup mode or still contemplating whether to embark on the risky business of becoming an entrepreneur. My goal for the next few years is to encourage waverers to start their own business, and to mentor some of those who are on their way to become millionaires. Write a Lean Business Plan.

Lean 93

Lean Balance Sheet Bankruptcy Business Model 93

Up and Running

JUNE 25, 2020

If your sales have recently hit a plateau, check out these 10 proven methods to continue growing your business. You went through the process of identifying a target market when developing your business plan. But now you have an active customer base that you need to engage with and in the process improve your business.

Small Business 180

Small Business Hosting Social Media Community 180

Startup Professionals Musings

MAY 18, 2020

Adding free users or customers to increase valuation makes sense for a venture-backed startup looking to go public, but will kill bootstrapping. Self-sustainability, independence, and real fun requires paying customers, profitability and an early cash-flow-positive business plan. Marty Zwilling.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423