article thumbnail

Lean Business Planning with Tim Berry [VIDEO]

Up and Running

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. Start your lean business plan today: Download our Free Lean Plan Template one-page-pitch-download.pdf. I’m going to start with what’s a lean business plan.

Lean 60
article thumbnail

Fazt Tech Shares the Top Five Reasons Why Most Startup Companies Fail in the First Year

The Startup Magazine

The only way to undercut their efforts is to exercise strategies of cost leadership or differentiation, which translates to slashing the prices or offering something more innovative. If you have to finance your way through the initial expenditures and have both a detailed and back-up plan of action, you might be good for now.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Write a Business Plan for a Cannabis Company

Up and Running

If you simply want to map out the aspects of your business for internal use, you can consider a Lean Business Plan. With the rise of new cannabis companies, it is important to differentiate your cannabis company from the competition, whether you are opening a farm, extraction operation, or dispensary. Financial plan.

article thumbnail

Vertical Markets 2: Customer/Market Risk versus Invention Risk.

Steve Blank

The implications for entrepreneurs is that each of these (market risk versus invention risk,) require radically different financing models, a different type of venture investor, different timing for hiring sales and marketing, etc. are much more differentiating than technology. A good case study here is most iPhone apps.

Vertical 147
article thumbnail

Your Must-Read Business Books

Mike Michalowicz

Without further adieu, here’s your list – from me to you: Business Planning and Strategy: The Lean Startup by Eric Ries – How to build a business using an iterative and customer-focused approach. Good to Great by Jim Collins – The factors that differentiate great companies from their competitors.

article thumbnail

Search versus Execute

Steve Blank

One of the issues that came up is whether the new lexicon of entrepreneurial ideas – Customer Development, Business Model Design , Lean , Lean LaunchPad class, etc. Search versus execution is what differentiates a new venture from an existing business unit. (And I even found time to go to the Spy Museum.).

Search 322
article thumbnail

How to Start a Real Estate Business

Up and Running

Introducing Lean Planning: How to Plan Less and Grow Faster. Cheryl Julcher of Yellow Brick Properties differentiated her brand from competitors by developing a brand of homes called Zoetic Homes™. Step 5: Getting financed. Real estate agent Jamal Asskoumi, took the finances for his business from personal savings. “If