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How to Write the Competition Section of Your Business Plan

Up and Running

What kinds of businesses are likely to jump in on it if you create a new market and become successful? In the early days of business plan software, when I first developed and sold templates to do business plan financials in the middle 1980s, I was the first to do that. That’s your competition. What might happen?

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Vertical Markets 1: Bad Advice – All Startups are the Same « Steve.

Steve Blank

Verticals Are Different I began to realize that entrepreneurs (and their professors) act like every vertical market and industry has the same set of rules. So the first heuristic is: do not assume the startup rules are the same for all vertical markets. Just for discussion, the markets I chose were: Web 2.0,

Vertical 151
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How Startups Can Keep Product Development Lean

YoungUpstarts

Specifically, we show that OPD leads to: Increasing the ability to pivot. Start-ups are very different from established businesses. It distracts the management team from the external focus it needs to discover a viable business plan. Extending the runway. Reducing product turn time. The Lean Start-Up Environment.

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Raising Money Using Customer Development

Steve Blank

Product Development – Getting Funded as The Goal In a traditional product development model, entrepreneurs come up with an idea or concept, write a business plan and try to get funding to bring that idea to fruition. The goal of their startup in this stage becomes “getting funded.” Just as a refresher. is quite good. Order Here.

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Lean Startups aren't Cheap Startups

Steve Blank

Marketing demand creation programs (Search Engine Marketing, Public Relations, Advertising, Lead Generation, Trade Shows, etc.) You can continue to grow the business based on organic cash flow or you now can develop a business plan that deserves investment based on observed outcomes (“facts&# ).

Lean 250
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30 tips for avoiding startup failure, from successful founders

The Next Web

While you are working away on your business plan, looking for ways to raise capital, finding the right people to hire, etc., If you pick one vertical and do it well, other folks will find you. When Backblaze launched and customers started showing, we thought “Yay!” Find your niche. Gleb Budman , CEO of Backblaze.

Cofounder 164
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Someone Stole My Startup Idea – Part 2: They Raised Money With My.

Steve Blank

I should have been suspicious when he said, “I’d like to take a copy of your presentation to show him.” After a ton of unreturned phone calls, I had written off the enthusiastic VP of Marketing who wanted to show my slides to his boss and moved on with building our company. Fast Forward Fast forward nine months.