Startup Professionals Musings

JUNE 11, 2022

This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. You still start the process with a business plan, but then you look for a philanthropist rather than an investor.

Angel Investor 327

Angel Investor Equity Technical Review Exit Strategy 327

Up and Running

JANUARY 29, 2019

Though you may be tempted to immediately throw yourself into your new small business, don’t forget a crucial element: creating a business plan. Yes, the words “business plan” might trigger some dread about epic documents that take a ton of time to produce—but that’s not necessarily what a business plan needs to be.

Lean 64

Lean Business Plan Revenue Forecast 64

Startup Professionals Musings

AUGUST 9, 2020

You need to find the skills or experience you don’t have in business, technology, or money. Giving a co-founder a salary won’t get you the “fire in the belly” you want. Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability.

Cofounder 435

Cofounder Technical Cofounder Equity Intellectual Property 435

Startup Professionals Musings

MARCH 6, 2021

Money flowing in has to exceed all costs, including inventory, credit, and your salary, before there is a real profit. A budget is the financial plan and road map to get you from your business plan to profitability. Always use a break-even analysis to measure what volume and price are required to offset total costs.

Technical Review 379

Technical Review Finance Startup Salary 379

Up and Running

MAY 28, 2015

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. It’s all about making your business life easier, doing what works best, getting the best results by tracking what works and always improving.

Lean 60

Lean Business Plan Video Software Review 60

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

Startup Professionals Musings

APRIL 12, 2019

As you scale up the business, you realize how many people you really need, including full-timers, managers, and hourly workers. Salary costs go up rapidly, as people require training, bonuses, expense reimbursals, and an office with a requisite support team and supplies. Obviously, the more detailed your business plan, the better.

Cost 264

Cost Founder Software Review Startup 264

Up and Running

DECEMBER 2, 2011

million businesses nationwide. Whether you are a new small business about to unveil itself, or a business that has been around for some time, you will often be asked about your business plan. but see how you can go back to your original plan before it is too late; Has guess work taken over?

Business Plan 76

Business Plan Forecast Software Review Finance 76

Startup Professionals Musings

SEPTEMBER 8, 2019

This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. You still start the process with a business plan, but then you look for a philanthropist rather than an investor.

Equity 235

Equity Angel Investor Technical Review Exit Strategy 235

Startup Professionals Musings

SEPTEMBER 10, 2018

You need to find the skills or experience you don’t have in business, technology, or money. Giving a co-founder a salary won’t get you the “fire in the belly” you want. Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability.

Equity 238

Equity Cofounder Technical Cofounder Intellectual Property 238

The Startup Magazine

AUGUST 20, 2020

Aim to have your own salary and that of anyone who works with you covered for at least a year. This is a suitable time to start drawing up a business plan , especially if you need to approach a bank or lending institution to obtain enough capital. One of your first and potentially biggest roadblocks will be financing.

Technical Review 122

Technical Review Social Media Reputation Salary 122

Startup Professionals Musings

APRIL 7, 2023

Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed. Funding for founder salaries at this stage is a red flag. You may pay salaries to your team, but your salary should come from earnings, when they occur.

Elevator Pitch 228

Elevator Pitch Salary Angel Investor Viral 228

Up and Running

AUGUST 19, 2014

You might have held off paying yourself while launching your startup, but is it time to give yourself a salary? You may be the last on your list of creditors when you’re just starting a business, but at some stage, you’ve got to start earning yourself. You’ve been better than “break even” for one year.

Salary 119

Salary Sweat Equity Silicon Valley Sales Cycle 119

ReadWriteStart

JUNE 8, 2021

You may have a descriptive, thorough business plan to serve as the blueprint for the present and future of your organization – but there’s no guarantee it’s going to pan out the way you think. Salary and benefits. Uncertainty. There’s also a lot of uncertainty within a startup. Money talks.

Employee 127

Employee Product Startup Software Review 127

A Smart Bear: Startups and Marketing for Geeks

DECEMBER 14, 2009

"You need a business plan" is the mantra of MBA types. As they say , businesses don't plan to fail, they fail to plan! Let's do some quotes: "Without a business plan, how will you know whether you can make a profit?" ( source ). "A Many businesses fail due to poor planning.

Business Plan 312

Business Plan Salary Finance Web 312

Startup Professionals Musings

JULY 12, 2020

Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed. Funding for founder salaries at this stage is a red flag. You may pay salaries to your team, but your salary should come from earnings, when they occur.

Elevator Pitch 336

Elevator Pitch Salary Angel Investor Viral 336

Up and Running

MAY 1, 2014

You’ve reviewed what a business plan is , and why you need one to start and grow your business. It’s time to dig into the process of actually writing a business plan. In this step-by-step guide, I’ll take you through every stage of writing a business plan that will actually help you achieve your goals.

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

Up and Running

OCTOBER 28, 2022

Business ownership comes with many expenses — both startup and ongoing — making it crucial for you to arrive at an accurate cost estimation. This may include things like rent, inventory, marketing, utilities, employee salaries, and so on. Find the right funding mix for your business.

Cost 138

Cost Startup Early Stage Vesting 138

Startup Professionals Musings

AUGUST 4, 2014

You need to find the skills or experience you don’t have in business, technology or money. Giving a co-founder a salary won’t get you the “fire in the belly” you want. Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability.

Cofounder 261

Cofounder Stock Founder Technical Cofounder 261

Steve Blank

OCTOBER 10, 2011

You find early stage employees expecting to work normal hours, to get paid a regular salary, and not asking or expecting equity. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital. There isn’t much of a killer instinct among the masses.

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Finland Naming Russia Government 324

Startup Professionals Musings

FEBRUARY 15, 2023

Most successful entrepreneurs take only a very minimum salary during the formative business years and reinvest all profits back into the business for organic growth. Self-sustainability, independence, and real fun requires paying customers, profitability and an early cash-flow-positive business plan.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Business Plan Blog

AUGUST 20, 2013

In order to be a successful tech startup, the team must consist of a Chief Technical Officer (CTO) level member to help with the technology plan. CTO Employee (Salary). Whether you have a question about your technology plan or you’d like to discuss our business plan writing services , feel free to contact us for a free consultation

CTO Hire 55

CTO Hire Fractional CTO Architecture Cofounder 55

Startup Professionals Musings

SEPTEMBER 20, 2017

This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. You still start the process with a business plan, but then you look for a philanthropist rather than an investor.

Angel Investor 132

Angel Investor Equity Technical Review Exit Strategy 132

Startup Professionals Musings

NOVEMBER 28, 2013

Money flowing in has to exceed all costs, including inventory, credit, and your salary, before there is a real profit. A budget is the financial plan and road map to get you from your business plan to profitability. Always use a break-even analysis to measure what volume and price are required to offset total costs.

Technical Review 251

Technical Review Entrepreneur Salary Finance 251

Startup Professionals Musings

OCTOBER 13, 2013

This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. You still start the process with a business plan, but then you look for a philanthropist rather than an investor.

Equity 207

Equity Angel Investor Technical Review Exit Strategy 207

ReadWriteStart

JANUARY 26, 2021

If you want to continue existing, you need to make money—ideally more money than you’re spending on things like employee salaries and raw materials. Before starting a business, you need to have a business plan. It’s possible for this model to evolve over time, but without a model, the business will inevitably fail.

Startup 180

Startup Angel Investor Business Model Demand 180

David Teten

MAY 7, 2019

Would you like to have a salary from day one that you work full-time on your startup? I finally had a brainstorm, and started writing a business plan. We’ve put together a detailed, confidential business plan; a high-powered Advisory Board; and a pool of funders eager to get this launched with the right team. .

America 60

America Technical Review Advisory Board Due Diligence 60

Up and Running

MAY 16, 2017

You may have a sudden, overwhelming desire to spend to your heart’s content, but it is important to act responsibly and follow the spending plan laid out in your business plan if your business is to survive its critical early years. Take a moment and step back to review the business plan that you worked so hard on.

Technical Review 82

Technical Review SBA Small Business Administration Software Review 82

Startup Professionals Musings

AUGUST 24, 2016

You need to find the skills or experience you don’t have in business, technology, or money. Giving a co-founder a salary won’t get you the “fire in the belly” you want. Building a new business is quite different from an executive role in a mature company, so people from these backgrounds are often a liability.

Equity 120

Equity Cofounder Technical Cofounder Intellectual Property 120

Up and Running

JULY 26, 2016

A traditional business plan includes a section that describes the business offering, which is the product or service. See Also: How to Write a Business Plan. Fulfillment also applies to assembly, packaging, and shipping for online product businesses. See Also: A Standard Business Plan Outline.

Business Plan 60

Business Plan Salary Metrics Lean 60

Women Entrepreneurs Can

FEBRUARY 8, 2023

Staffing Hiring the right staff can be one of the most difficult aspects to get right when starting a business. It’s important to find qualified employees who are able to help your business reach its goals. You also need to consider different factors such as salary, benefits and work-life balance.

Technical Review 52

Technical Review Software Review Finance Salary 52

Startup Professionals Musings

DECEMBER 17, 2013

These include such items as rent or mortgage payments, utilities, insurance, taxes, and the salary that you and your partners are not taking just yet. In economics, overhead costs are fixed costs that are not dependent on the level of goods or services produced by the business, such as salaries or rents being paid per month.

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Metrics Technical Review Retention Acquisition 252

Startup Professionals Musings

SEPTEMBER 15, 2012

This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. You still start the process with a business plan, but then you look for a philanthropist rather than an investor.

Angel Investor 218

Angel Investor Technical Review Exit Strategy Equity 218

SoCal CTO

NOVEMBER 1, 2010

The very last email I got from him told me the following: Thank you for your time Tony, I understand everyone wants a huge salary, no risk and a cut of the profits. However, when I told him that the level of engagement required from me and the fact that equity-only development was required, he seemed to be a bit offended.

Technical Cofounder 241

Technical Cofounder CTO Hire Equity Sweat Equity 241

Board Effect

SEPTEMBER 11, 2019

As some of the top leaders in the company, managing directors bring many years of business leadership and experience. Management duties for managing directors include preparing the corporate and annual business plans and monitoring the company’s progress against those plans.

Differentiation 61

Differentiation Management Government Salary 61

The Startup Magazine

MARCH 7, 2024

Plan Long Term It seems obvious that every company should have a business plan, yet experiencing sudden growth can affect these plans and too many entrepreneurs are eager to leap ahead without considering how it could affect the business. Instead, you can manage your growth easily and keep the lights on.

Startup 111

Startup Forecast Social Media Cost 111

Startup Professionals Musings

MAY 18, 2020

Most successful entrepreneurs take only a very minimum salary during the formative business years and reinvest all profits back into the business for organic growth. Self-sustainability, independence, and real fun requires paying customers, profitability and an early cash-flow-positive business plan.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423