8 Keys To Preparing Early For Your Next New Venture

Startup Professionals Musings

Although many won’t admit it, true entrepreneurs can’t wait to exit their current startup, and build a new and better one with their next great idea. For these reasons, I always look for an overt exit strategy in every startup I might consider for an angel investment.

8 Steps to Exit Your Startup With Pride And Profit

Startup Professionals Musings

Although many won’t admit it, true entrepreneurs can’t wait to exit their current startup, and build a new and better one with their next great idea. In addition, current investors want to see every startup go public or be acquired, as an exit event, so they can get their due return for that investment which has been tied up for the last few years. For these reasons, I always look for an overt exit strategy in every startup I might consider for an angel investment.

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Build your own Startup Death Clock

A Smart Bear: Startups and Marketing for Geeks

Congratulations, now there's only 47 other metrics you need to be tracking. What other simple, motivating metrics can you use early on in your startup? ?What's Tags: How-To exit-strategy finance inspiration investment planning A few months ago I created a fun device at WPEngine to focus everyone's attention the most important thing. If nothing changes, when will you run out of money? Sometimes fear is a good motivator.

6 Business Plan Essentials In 1-2-3

Up and Running

Business plans get a bad name because they too often deal in the high-level strategy without including any teeth, like tracking and metrics, to make them real. Exit strategy. Business Planning business loans business plan essentials cash flow exit strategy management teamSimple as 1-2-3? Maybe. I like the 1-2-3 because it points out that the core elements of business planning are for managing a business, regardless of context.

7 Ways To Balance Your Heart And Logic With Investors

Startup Professionals Musings

To keep you on a positive track with potential investors, I recommend the following logic principles, to balance your passion in presenting your vision of a new business: Make sure your plan includes some business metrics. Present a viable exit strategy for investors to cash out.

Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million

Gust

Depending on the circumstances, they can shape the fundamentals of an exit, redistribute value among stakeholders, or even kill a deal altogether. This discussion expands on my Quora answer to a specific question: “ Why were the stock options of MySpace employees worthless even though the company was sold to News Corporation for hundreds of millions? ” The complete story includes a startup-within-a-startup, investments and exits by two VC firms, and some genuine corporate drama.

How To Sell Your Business For Maximum Profit And Why It’s Best To Sell When Business Is Thriving

YoungUpstarts

by Michelle Seiler Tucker , author of “ EXIT RICH: The 6 P Method to Sell Your Business for Huge Profit “ Successfully starting and growing a business can be a tough challenge for even the most adept entrepreneurs.

Begin with the End in Mind: Include Your Business Exit in Your Business Plan

Up and Running

In many ways, general business planning is one of the best precursors to business exit planning. Staying current and keeping fresh are all part of the “soft” metrics of planning for the exit, but are still important when it comes to not leaving money on the table. A big—and often forgotten—component of planning for a business exit is the house cleaning that should occur prior to taking the company to market.

The Ultimate Guide for Starting and Running a Business at Home

Up and Running

Establish milestones and metrics for your business plan. To make your business plan work for you, you’ll want to incorporate milestones and metrics from the start. Think about an exit strategy. Track your key metrics and know your numbers.

These 10 Key Elements Make a Business Plan Fundable

Startup Professionals Musings

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Financial forecast and metrics. Exit strategy. For a family business, don’t project an exit.

Investors Expect Ten Essentials in a Business Plan

Startup Professionals Musings

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Financial forecast and metrics. Exit strategy. For a family business, don’t project an exit.

8 Ways An Investor Pitch Differs From A Product Pitch

Startup Professionals Musings

Of course, these should never be in a customer pitch, but investors expect an overall strategy with specific budgets, milestones and metrics. If we build it they will come” is not a marketing and sales strategy. Investors are also interested in future investment requirements, time frames and long-term strategy. Potential investor return calculation and exit strategy.

10 Business Elements Required to Rise Above the Crowd

Startup Professionals Musings

As an entrepreneur, make sure you understand your direct and indirect costs, staffing requirements, margins and metrics to make sure these elements are in place. This will lead to investor-return calculations and exit strategies. Too many entrepreneurs look for that one magic bullet -- an exciting new technology, perhaps, or their own determination to make the world a better place -- to override any shortcomings in their startup model.

8 Processes Define A Business Rather Than A Hobby

Startup Professionals Musings

External investors expect a documented business plan, with clear targets on funding needed, use of funds, revenue projections, return potential, and exit strategy. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team. As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations.

How To Take Your Idea From A Hobby To A Business

Startup Professionals Musings

External investors expect a documented business plan, with clear targets on funding needed, use of funds, revenue projections, return potential, and exit strategy. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team. As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations.

When Did Profit Become A Bad Word For Entrepreneurs?

Startup Professionals Musings

The smart ones identify and budget innovative approaches, and use metrics to tools to monitor effectiveness. Build a long-term growth strategy and exit plan. Investors look for an exit strategy to allow them to capture a return on their investment. As a startup advisor and investor, I find that more and more entrepreneurs avoid using the term “profit” in pitching their new venture.

How to Write a Convincing Business Plan for Investors

Up and Running

When you put together a business plan, you have to spend time thinking about things like your target market , your sales, and marketing strategy , the problem you solve for your customers, and who your key competitors are. An exit strategy.

Ten Tips for an Investment-Grade Business Plan

Startup Professionals Musings

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Financial forecast and metrics. Exit strategy. For a family business, don’t project an exit.

A 5-Step Plan To Assessing Your Business’s Sellability

YoungUpstarts

by Ryan Gould, Vice President of Strategy and Marketing Services at Elevation Marketing. As an entrepreneur, when you started your business, you most likely had dreams of rocket-speed growth and a multi-million dollar exit to a huge conglomerate, like Google or Facebook or Amazon. You nailed the first part — lightning-fast growth — but you’re struggling on the profitable exit. Another important metric is churn.

How to Write a Business Plan for a Cannabis Company

Up and Running

Read up on some branding strategies to stay competitive in the cannabis industry. Milestones and metrics that you’ll need to hit to be viable. Your funding ask and exit strategy, if applicable. Milestones and metrics. For metrics , decide which numbers to check regularly to track your company’s health. Metrics for a cannabis company might include: Repeat customers. Exit strategy : Needed if you’re seeking investment.

Microsoft’s fading adtech ambitions

The Equity Kicker

For Adtech startups looking for an exit strategy this is bad news. There are a bunch of mid-sized players, and Facebook and Apple are increasingly important forces, but none of these are predictable enough to build a strategy around. I think that all of this will result in profit becoming an increasingly important metric for adtech businesses looking to exit for more than a couple of hundred million dollars. Advertising Exits

These 10 Key Elements Make a Business Plan Fundable

Gust

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Financial forecast and metrics. Exit strategy. For a family business, don’t project an exit.

M&A or IPO?

Reid Hoffman

This week, I’d like to turn to the question of how current market conditions affect the approach entrepreneurs should take towards their exit strategy. The larger company has to decide, “What you do is key to one of my strategies, so I’ll buy you.”

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How to Write a Business Plan for an Outpatient Medical Practice

Up and Running

In order to support and retain current patients, develop a strategy to proactively meet their needs and set benchmarks to measure the success of your strategy. Milestones and metrics that you’ll need to hit to be viable. Your funding ask and exit strategy, if applicable. Milestones and metrics. For metrics , decide which numbers to check regularly to track your company’s health.

9 key things to mention when pitching your software startup

The Next Web

There’s no magic metric in software startups (so don’t let anyone convince you there is). That said, it’s crucial to have a core KPI (key performance indicator) to benchmark your progress, and it’s typically ideal that such a metric be a revenue lever. Offer key financial metrics. When it comes to pitching investors on something like software, the presentation is often more pivotal than the product itself.

16 Great Startup Posts from March

SoCal CTO

Granularity and Consistency of Startup Metrics - SoCal CTO , March 11, 2010 Tim Berry has a great post on Why I Hate Those Huge Market Numbers tells us that he doesn’t like to see business plans with multi-billion market numbers used as the basis for projections. The Exit Disconnect - Ask the Angels , March 25, 2010 I’ll admit to having a bias towards exits and focus my review of a potential investment on the exit potential.

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4 Pillars to Nailing Your Investor Pitch

Up and Running

Demonstrating to investors that you have a handle on key business metrics as they relate to your business model and forecast is essential. If you don’t want to get into the core of accounting, at least make sure you know and understand how to calculate the important financial metrics. Re-state how your product will swoop in like a superhero and solve your customers’ problem, and how your marketing plan and strategies will help you gain traction. An exit?

What Is a Business Plan?

Up and Running

For me in practice, and for most real businesses, it can be as simple as the Lean Plan that has a few bullet points to focus strategy, tactics, milestones to track tasks and responsibilities, and the basic financial projections you need to plan: cash flow , budget, expenses. They use a plan to reinforce strategy, establish metrics , manage responsibilities and goals, track results, and manage and plan resources including critical cash flow. Milestones and metrics.

How to make a business partnership a success

Berkonomics

Perform preliminary due diligence: Review the business plan including marketing, sales strategies and financial needs. Clarify operation responsibilities and metrics used to measure performance. Exit strategy planning, including determining what happens when one partner leaves, if closing the business, if selling the business, creating a mutual buy/sell agreement, and more. By JJ Richa. Dave’s note: Our guest insight this week is from JJ Richa.

19 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

NorthSide Metrics is a digital marketing agency based in the Chicagoland area. The colors + location were combined with my love of data to bring in the metrics. I had a few variations of the name and after asking 3-5 people which they liked or hated I ended up settling in on NorthSide Metrics. Thanks to Dave Rohrer, NorthSide Metrics ! #7- The idea of exactly what your business is going to usually come first. Secondly, most often, is giving a title to your idea.

Business Startup Checklist

Up and Running

Outline key milestones and metrics. Know your exit strategy. Starting your own business may sound like an undertaking of epic proportions. The truth is, it’s not. Yes, you’re going to have to work hard, and commit to working on it at all hours of the day, but actually getting set up is simply down to making sure you’ve “checked all the boxes,” which is exactly what this list aims to help you do.

3 Questions to Help Build Your Business Strategy

Up and Running

As someone that has started several small businesses over the years and advised many small business owners, one challenging area for many owners is the idea of setting a strategy. Business owners need a strategy that will enable them to understand the value that they bring to the market, and to ultimately target an audience of buyers that will need and buy their products and services. Setting your strategy. See Also How to Develop Your Business Strategy.

A Different Kind of Incubator - The Hive

SoCal CTO

They are quite happy with a business that will turn into a profitable $20M company and dont necessarily need an obvious exit strategy. skip to main | skip to sidebar SoCal CTO Saturday, February 17, 2007 A Different Kind of Incubator - The Hive I recently met with The Hive a new incubator in Orange County. This company was started by Victoria Duff (who many of us know from back in the late 90s), Phillis Lane (who I have known for quite a few years) and Jon Bukosky.

VCs eating our own dog food: Using technology and analytics to make better investments

David Teten

exit. . Cobalt for General Partners helps GPs to optimize their fundraising strategy. Later stage investors are using for sourcing private company marketplace services focused on more established companies, listed below under “Step 11: Exit”. 11) Exit .

Dragons, Bootstrapping and Women in Tech

Up and Running

Statdragon is a Saas platform that allows businesses to access and analyze metrics about their existing videos and optimize their video marketing strategy. She notes that if you’re considering acquisition as an exit strategy, creating and maintaining relationships is going to be key. Inspiration Managing a Business Self-Financing Strategy Success Stories Lindsay Nelson, CEO of Theme Dragon, Inc.

How to Write a Business Plan for a Fix-n-Flip Real Estate Company

Up and Running

Milestones and metrics that you’ll need to hit to be viable. Your funding ask and exit strategy, if applicable. Milestones and metrics. For metrics , decide which numbers to check regularly to track your company’s health. Key metrics for a real estate company might include: Average commission per sale. Exit strategy : Needed if you’re seeking investment. Flipping homes makes for good reality TV, but it can also make for good business.

Webinar Recap: 14 Tips on How to Pitch and Get Funded

Up and Running

That moves into the customer acquisition strategy. Food, technology, bioscience, services, you need to know the metrics for your model. I’m going to share what the metrics are for a SAS business, which is software as a service, and that’s what we are here at LivePlan, so these are the things that we track on a daily basis. These are the metrics for the SaaS model that we have. Are you the one who likes to start, or grow, or exit?

How to Write a Business Plan for a Subscription Box Service

Up and Running

Now, you’ll describe your marketing strategies, sales plans, operations information, milestones, your team and company basics, and your financial plan. Key metrics. Going smaller, use key metrics to ensure that your business is on track to reach your milestones. The five key metrics to judge your subscription model’s success are: Churn and churn rate.

Can You Trust Any vc's Under 40?

Steve Blank

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. The formula for exits was a variation of the formula they used in the Internet bubble, morphing into: brand, hype and sell the company. My own metric is that you need experience >= 1.5

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How to Write a Business Plan

Up and Running

Milestones and Metrics. Once you’ve answered these questions, you can then work on your positioning strategy and define it in your business plan. Once you know what your overall positioning strategy is, you can move on to price. Your positioning strategy will often be a major driver of how you price your offerings. With pricing and positioning taken care of, it’s time to look at your promotion strategy. Does your packaging match your positioning strategy?

Transcript of Staying True to Your Core While Growing Your Business

Duct Tape Marketing

So being together and obviously the company’s grown a lot, but the principles and just the passion and values around growing a business the right way where there really, truly is no exit strategy and we’re in it for the long run and focusing on our customers and our employee experience.

SMS 38

How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood

David Teten

An investor had few hard metrics other than the actual financials, and little technology to make the process scaleable. Over the past few decades, better metrics became available, and investors could take a more analytical, data-driven approach. Quantitative, technology-enabled investing in private companies makes sense , but is structurally very difficult , and will become a more common strategy at a much slower rate. Cobalt helps GPs to optimize their fundraising strategy.

How Much Should You Pay Yourself?

Up and Running

Consider Your Exit Strategy. This depends on your exit strategy. You may not ever see an exit, so making sure you have a reliable salary is important. You have to deliver just like they do, and that way you can base your compensation on the percentage of company growth and other data-driven metrics. - Michael Mogill , Crisp Video Group. What’s your slice of the pie?

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