Remove Employee Remove Forecast Remove Intellectual Property Remove Revenue
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10 Startup Mistakes You Can't Afford To Make Again

Startup Professionals Musings

Forecast revenue growth that defies business principles. Forecasts that exceed 10 percent of a large opportunity in the first five years rarely happen and will likely disappoint you and your investors. Dismiss the need to register any intellectual property. Build the company at the expense of employees.

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Post-Crisis Digital Trends That Will Reshape Your Business in 2020

Up and Running

Cutting costs , revisiting forecasts , and stabilizing your business. In 2020, data breaches are among the greatest cybersecurity concerns, with health records, corporate intellectual property, smart cars, and connected devices being the most vulnerable targets. Revisit your business plan , forecasts, and company goals.

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How to Write a Business Plan for a Cannabis Company

Up and Running

Set time aside to sit down and revise the plan , comparing forecasts to actuals and revising as necessary. . Financial Summary: Explain your business model, startup costs, revenues, and liabilities to the company. A brief history of the startup if it’s an existing company: This provides background for potential new employees.

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How to Write a Business Plan for an Outpatient Medical Practice

Up and Running

Revisit and update it regularly by comparing your forecasts to your actuals and adjusting as necessary. Financial summary: Explain your business model, startup costs, revenues, and liabilities to the company. Sales forecast : projections of what you think you will sell in a given timeframe (one to three years). Be specific.

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When Did Profit Become A Bad Word For Entrepreneurs?

Startup Professionals Musings

Of course, I understand and don’t condone bad actors who get greedy, and exploit ways to unjustly squeeze customers and employees. Remember you can’t sustain a business or social cause with no revenue or profit. The best differentiation is a patent or other intellectual property that also provides a barrier to entry.

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10 Rules of Thumb for Startup Investment Valuation

Startup Professionals Musings

Assign real value to intellectual property. All principals and employees add value. Assign probabilities to active customer sales efforts, just as sales managers do in quantifying a salesman’s forecast. Particularly valuable are recurring revenues, like subscription amounts, that don’t have to be resold every period.

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10 Ways to Size Your Company’s Value for Funding

Startup Professionals Musings

Assign real value to intellectual property. All principals and employees add value. Assign probabilities to active customer sales efforts, just as sales managers do in quantifying a salesman’s forecast. Particularly valuable are recurring revenues, like subscription amounts, that don’t have to be resold every period.