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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Now, with powerful high-level tools and open source software, winning smartphone apps can be built by a good hacker for a few thousand dollars. Unfortunately, even today, building a good product doesn’t guarantee you a business. No matter how well you plan your financials, there’s no way for you to account for all the unknowns.

Cost 264
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I-Corps @ NIH – Pivoting the Curriculum

Steve Blank

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. — Over the last three years the Lean LaunchPad class has started to replace the last century’s “how to write a business plan” classes as the foundation for entrepreneurial education.

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How to Use Frugal Innovation to Grow Your Startup

ReadWriteStart

Or you could use open-source software to develop your product, which is often free or low-cost. Hence it is critical to have a solid business plan before you start. This is where frugal innovation can help, as it allows you to stretch your resources further and get more bang for your buck. Keep your target market in mind.

Startup 198
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No, that IS NOT a competitive advantage

A Smart Bear: Startups and Marketing for Geeks

And even you could work 70 on-task hours per week, that's still blown away by 10 developers at a funded company or even 10 passionate open source developers working part-time. It should be part of your business plan that other people will copy you. But working harder is not, in fact, smarter. We're cheaper.

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How to Plan and Budget for an eCommerce Website

Up and Running

One large advantage of WooCommerce is that it is an open-source platform, so there are hundreds of thousands of web teams who specialize in this technology. Sadly, many eCommerce businesses fail because they can’t generate enough sales to offset the above costs.

eCommerce 149
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Why Lean May Save Your Life – The I-Corps @ NIH

Steve Blank

The traditional model of how to turn scientific discovery into a business has been: 1) make a substantive discovery, 2) write a business plan/grant application, 3) raise funding, 4) execute the plan, 5) reap the financial reward. I’ll open source the syllabus and teaching guide later this year.).

Lean 269
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How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

Here’s an 11 step complete guide on how to start a business. Write a business plan. Decide your legal business structure. Purchase business insurance. Create a sales plan. Write a business plan. Although a business plan isn’t mandatory, it can help you to crystallize your ideas.