Startup Professionals Musings

SEPTEMBER 12, 2014

Yet one of the first things a potential equity investor asks about is your exit strategy. Here are three important reasons for the question: Good investment paybacks normally require an exit event. Investors know that the fun of a startup turns into managing production processes, sales processes, and personnel in a few years.

Exit Strategy 289

Exit Strategy Entrepreneur IPO Startup 289

Up and Running

MARCH 14, 2018

Share what’s unique about your product and how it will solve the issue you shared in the previous slide. Be realistic about who you’re building your product for and break out your market into TAM, SAM, and SOM. Be very specific about your products and pricing and emphasize again how your market is anxiously awaiting your arrival.

Hockey Stick 164

Hockey Stick Exit Strategy Technical Review Angel Investor 164

Up and Running

SEPTEMBER 19, 2018

One of our Bplans writers described going into business in cannabis as a “ once-in-a-generation opportunity ,” with the product rapidly becoming legal for recreational as well as medical use in many states. In legal states, the markets have become so saturated that cannabis companies can end up with thousands of pounds of unsold product.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Startup Professionals Musings

JUNE 2, 2013

The single most important ingredient of success is not the idea, but having a team in place that has impeccable integrity, can iterate the product quickly, pivot the business model as necessary, and keep costs down in the process. Is your concept worthy of a company, a product, or a feature? Exit strategy. Scalability.

Cram Down 269

Cram Down Angel Investor Intellectual Property Venture Capital 269

Startup Professionals Musings

APRIL 27, 2016

Yet one of the first things a potential equity investor asks about is your exit strategy. Here are three important reasons for the question: Good investment paybacks normally require an exit event. Investors know that the fun of a startup turns into managing production processes, sales processes, and personnel in a few years.

Equity 120

Equity Exit Strategy Private Equity Startup 120

Startup Professionals Musings

MARCH 3, 2021

Making people happy or improving usability are laudable goals, but projected product margins, volumes, and business growth are necessary realities for a successful business. Present a viable exit strategy for investors to cash out. You need to have quantifiable objectives, with measurements, to keep you on the path to success.

Exit Strategy 406

Exit Strategy Merger Angel Investor IPO 406

Growthink Blog

DECEMBER 27, 2017

Detail prior accomplishments, including funding rounds, product launches, milestones reached, and partnerships secured, among others. Get Growthink's Proven Venture Capital Business Plan Template Here Industry Analysis Goal of the industry analysis section: Prove that there is a real market for your product or service.

Venture Capital 129

Venture Capital Business Plan Technical Review Private Placement 129

Startup Professionals Musings

MARCH 10, 2023

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Exit Strategy 288

Exit Strategy Metrics Operations Cost 288

Startup Professionals Musings

JUNE 6, 2013

Most founders are product guys. He must nail down a sales process that fits the domain and economy. Make certain you as the founder and the CEO are on the same page on mission, company values, exit strategy, and workplace model. Craft an operational plan and make it work. Communicate company values and culture.

Technical Cofounder 219

Technical Cofounder Cofounder Startup Exit Strategy 219

Up and Running

JANUARY 2, 2013

Your Solution : Share what’s unique about your product and how it will solve the issue you shared in the previous slide. Impress the investors with what you and your team have accomplished to date (sales, contracts, key hires, product launches, etc.). And if you can relate your story to your audience, even better!

Hockey Stick 164

Hockey Stick Exit Strategy Technical Review Due Diligence 164

Startup Professionals Musings

JULY 27, 2018

I’m still amazed at how many technical entrepreneurs don’t have a business pitch, and offer me their product pitch or product spec instead. I’m a technologist, so I always love to learn about the product, but every investor needs to make sure you have a business, as well as a product.

Product 145

Product Intellectual Property Liquidity Event Exit Strategy 145

Startup Professionals Musings

SEPTEMBER 28, 2015

Customers buy solutions with value that's quantifiable to them today, meaning value which, compared to existing offerings, is half the cost or offers twice the productivity. Too many competitors or a product with minimal differentiation makes a startup risky. Solution production and support. Sustainable competitive advantage.

Exit Strategy 120

Exit Strategy Technical Review Distribution Viral 120

Startup Professionals Musings

JUNE 7, 2020

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Entrepreneur 328

Entrepreneur Exit Strategy Metrics Operations 328

Up and Running

AUGUST 28, 2018

Future products and services : Name the products/services you will offer as your practice grows and earns more money and as your patients develop new needs. Components of this section include: Your marketing and sales plan. Your funding ask and exit strategy, if applicable. Marketing and sales plan.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Duct Tape Marketing

APRIL 18, 2024

As a former business exit advisor, she crafts exit strategies, adding up to five figures to clients’ net profit monthly so they can focus on growth. She advocates for productizing services based on outcomes and emphasizes the mindset shift required to embrace delegation and empower teams. I can't quite let go of this.

Framework 63

Framework Sales Cycle Sales Hiring 63

mashable.com

MARCH 20, 2014

How does your product apply to my role? Do your homework before the interview by signing up for a free trail of the startups product. Make a list of all the different questions you have about the product based on your experience. Whats your exit strategy? What is the sales strategy?

Technical Review 103

Technical Review Software Review Exit Strategy San Francisco 103

YoungUpstarts

JANUARY 10, 2018

How could you position your company in the sales pitch to make the growth potential visible and appealing to prospective buyers? Naturally, you aim to show prospective buyers of your company that you have ‘good’ customers who are loyal to your brand and happy enough with your product/service to remain a part of your clientele.

Valuation 145

Valuation Technical Review Exit Strategy Metrics 145

Startup Professionals Musings

MAY 2, 2012

Most founders are product guys. He must nail down a sales process that fits the domain and economy. Make certain you as the founder and the CEO are on the same page on mission, company values, exit strategy, and workplace model. Craft an operational plan and make it work. Communicate company values and culture.

Founder 248

Founder Startup Exit Strategy Leadership 248

YoungUpstarts

JUNE 9, 2018

Entering new markets can be a great way for your business to expand its portfolio and diversify its product offering. Between choosing location in new cities to creating an exit strategy after you attain success, penetrating a new market requires a strategic plan. Offer slight improvements in existing products on the market.

Jacksonville 189

Jacksonville Due Diligence Exit Strategy Marketing 189

Up and Running

MAY 1, 2014

Accommodate your investors, and keep explanations of your product simple and direct, using terms that everyone can understand. Products and Services. Marketing and Sales Plan. What marketing and sales tactics will you be using? This is your product or service. > Don’t be intimidated. Read more ». Read more ».

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

Startup Professionals Musings

FEBRUARY 4, 2011

Most founders are product guys. He must nail down a sales process that fits the domain and economy. Make certain you as the founder and the CEO are on the same page on mission, company values, exit strategy, and workplace model. Craft an operational plan and make it work. Communicate company values and culture.

Search 224

Search Startup Exit Strategy Leadership 224

Up and Running

AUGUST 20, 2018

Some information about your products and/or services. Every business has long-term and short-term goals, sales targets, and expense budgets—a business plan encompasses all of those things and is as useful to a startup trying to raise funds as it is to a 10-year-old business that’s looking to grow. What does a formal plan include?

Business Plan 119

Business Plan Technical Review Lean Forecast 119

Growthink Blog

APRIL 13, 2011

It MUST include building unique products and/or intellectual property that an acquirer would value. The process of preparing your company for sale is called "exit strategy planning." We recently formalized our exit strategy planning consulting service. read more.

Exit Strategy 69

Exit Strategy Intellectual Property Acquisition Stock 69

Startup Professionals Musings

AUGUST 7, 2015

Remember, investors are buying into the business, not the product. Investors are business experts, while the entrepreneur is more likely the product expert. In my experience, the team's credentials are more important than the product. Specific elements of your marketing and sales plans.

Product 120

Product Intellectual Property Liquidity Event Burn Rate 120

Up and Running

SEPTEMBER 10, 2014

I’m a mom, a full-time sales manager, and recruiter. Entrepreneurs need to find a way to get traction (sales) without funding. Potential investors (and people who know them) get to see that others are excited about the product too, and it reinforces their own positive feelings. Wait, you didn’t want to be a sales person?

Angel Investor 159

Angel Investor Technical Review Software Review Accredited Investor 159

ReadWriteStart

JUNE 1, 2020

You must have a prototype or a minimum viable product (MVP). To fund the sudden spike in production, funds will be required for additional inventory and wages. It is going to cost a lot of money just to get the initial batch of products to test the market and would definitely require external funding. Royalty based investment.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Up and Running

JULY 24, 2017

Include a brief description of the product or service you offer and why it’s necessary. Sometimes the product itself defines the market, such as “Peoria’s best Thai food,” or “Mini Cooper dashboard accessory.” I often recommend a simple highlights chart, a bar chart with sales and gross margin for the next three years.

Software Review 151

Software Review SBA Due Diligence Business Plan 151

Up and Running

OCTOBER 3, 2018

Tailor your marketing and sales plan to attract more people like your ideal customer. Future products and services. Name the products/services you will offer as your company earns more money and as your market develops new needs. Components of this section include: Your marketing and sales plan. Marketing and sales plan.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Hearpreneur

OCTOBER 5, 2018

I hope that my software will help them to get out of a growth rut by reducing their costs, increasing productivity and achieving efficiency in their workflow. Tell us about your products and services. My company’s flagship product is an order, purchase and inventory management software for SMBs around the world.

Software 55

Software Management Entrepreneur Vietnam 55

Hearpreneur

NOVEMBER 19, 2021

Sometimes it can be so hard to truly optimize your sleep because of how inaccessible and expensive certain sleep products can be, so I wanted to work against that. I believe businesses across all industries can still provide top-notch, quality products to consumers, without forcing them to break the bank. Photo Credit: James Parsons.

Entrepreneur 144

Entrepreneur Software Review LLC Web Development 144

Up and Running

NOVEMBER 12, 2018

Marketing and sales plan. Solution : How does your box and the products it contains solve that problem? Online shopping for your product is difficult to some extent (hard to find, can’t return it, often doesn’t fit, so on). The example box should, therefore, target men with that hair type who are looking for a new product.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Up and Running

JUNE 16, 2014

I’m personally 70% management, 30% product […] If I feel a priori that the CEO can’t cut it I’m highly unlikely to invest. To demonstrate traction you might recruit a good management team, start making sales, build an advisory board or secure strategic partnerships. This is where the ‘exit strategy’ comes in.

Exit Strategy 91

Exit Strategy Advisory Board Business Plan Portfolio 91

YoungUpstarts

MAY 6, 2019

They make money by starting a product from scratch and then selling it in thousands of dollars. In most cases, they hit the jackpot when their products are sold for millions. You don’t have a product and most of your meetings will not bring any fruit. You are looking for cofounders that can help you build a product.

Startup 113

Startup Technical Cofounder Merger Early Stage 113

Austin Startup

OCTOBER 23, 2019

Top EdTech Trends to Look Out for in 2020 | Edtech Track Panelists analyzed how long sales cycles aren’t appealing to investors, which makes it tough to get technology into schools— and in a reasonable way. Audrey Cisneros , Educator at IDEA Public Schools HQ , made a blunt conclusion: “Is the world equitable?

Fractional VPE 49

Fractional VPE Austin Artificial Inteligence Fractional CTO 49

Startup Professionals Musings

AUGUST 27, 2012

Solution product & technology. Make sure to communicate the relevance of your product / services to market needs. Marketing, sales, and partners. Describe marketing strategy, sales plan, licensing, and partnership plans. Exit strategy. What is the timeframe for the exit? Opportunity sizing.

Elevator Pitch 247

Elevator Pitch Exit Strategy Burn Rate Merger 247

Up and Running

MAY 17, 2017

Plus, you’ll always be prepared in case an opportunity or desire to sell arises in the future—it’s a smart idea to have an exit strategy. In sales, it is a common practice to take the needs, wants, and desires of your potential customer and to present your product or service as a solution. million in sales revenue.

Acquisition 92

Acquisition Technical Review Revenue Exit Strategy 92

Up and Running

FEBRUARY 10, 2021

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. Product/market fit and traction. An exit strategy. Investors want more than just an idea.

Business Plan 138

Business Plan Forecast Balance Sheet Exit Strategy 138