Startup Professionals Musings

SEPTEMBER 9, 2015

Use metrics to measure results of marketing initiatives. Don’t rely on conservative forecasts to reduce risk. Investors don’t fund conservative forecasts, nor wildly optimistic ones, since both imply a lack of commitment or homework. Finding win-win deals is a manageable risk, versus a battle with one winner.

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Forecast Startup Stock Options Technical Review 120

Up and Running

MAY 12, 2020

With fill in the blank templates, powerful financial forecasting tools, and lender approved pitch designs you’ll go from template to a full business plan in no time. . 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.

Software Review 153

Software Review Exit Strategy Technical Review Business Plan 153

Up and Running

APRIL 19, 2017

When it comes to starting and managing a business, forecasting your sales is essential. Having a sales forecast can help you budget and manage your business’s funds, create a plan for expansion, and avoid unpleasant surprises. The basics of sales forecasting. How to Forecast Sales. Just Do a Sales Forecast.

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Forecast Curation Sales Hockey Stick 85

Up and Running

JULY 6, 2016

I get involved in detail when the group is looking at startups in software, web, mobile apps, or financial forecasting. When a business plan involves expertise in software, the web, apps, and technologies related to financial forecasting, I’m curious, and I’ll look for an appendix with interesting details. They’ll thank you.

Technical Review 72

Technical Review Software Review Business Plan Development Team Review 72

Occam's Razor

FEBRUARY 6, 2018

Your digital performance dashboard has 16 metrics along 9 dimensions, and you know that the font-size 6 text and sparkline sized charts make them incomprehensible. Focus only on KPIs, eliminate metrics. Here are the definitions you'll find in my books: Metric : A metric is a number. Time on Page is a metric.

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Metrics Analytics Forecast Non-Compete 263

Up and Running

AUGUST 28, 2018

Revisit and update it regularly by comparing your forecasts to your actuals and adjusting as necessary. It’s a summary and an overview of your outpatient medical practice and your plans, so it will be easy to put together after you’ve written the rest of your plan. . Milestones and metrics that you’ll need to hit to be viable.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Steve Blank

NOVEMBER 16, 2009

What metrics do we use to see if we learned enough in Customer Discovery ? I gave my boilerplate answer, “I’m a product guy and I tend to invest and look at deals that have measurable revenue metrics. Dave McClure has some great metrics…” It was an honest but vaguely unsatisfying answer. It is related to business model.

Customer Development 228

Customer Development Web Developer Customer 228

www.forentrepreneurs.com

FEBRUARY 2, 2010

Blog About Log in Register Designing startup metrics to drive successful behavior Great companies are almost always run by great management teams. Good metrics should also be actionable, and drive successful behavior. In a follow up post, I will use this technique to walk through the design of a set of metrics for a SaaS company.

Metrics 55

Metrics Design Entrepreneur Startup 55

David Teten

AUGUST 6, 2015

So often I speak with companies that have charged ahead building an ultra-complex daily or weekly model with thousands of assumptions and complex dashboard outputs, when their potential investors simply want a high-level 24 month forecast with 12 months of reconciling historical data.”. HOW TO MAKE YOUR CELLS READABLE.

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Balance Sheet Software Review Forecast Acquisition 60

Up and Running

AUGUST 21, 2014

In this webinar, we take time to discuss the different metrics that startups—and established businesses—should be tracking. What a lot of companies or startups don’t realize is when you put up forecast together, it’s difficult if you’re a startup. In terms of pre-purchase, traffic and content metrics.

Metrics 84

Metrics Startup Churn Rate Forecast 84

Steve Blank

MARCH 17, 2020

It’s no longer business as usual for the rest of the economy. Next, take a look at your actual revenue each month – not forecast, but real revenue coming in each month. If so, whatever revenue forecast and sales cycle estimates you had are no longer valid. What are the new financial metrics? How do you know?

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Burn Rate Startup Valuation Sales Cycle 436

Up and Running

MAY 28, 2015

We’re looking at our lean business planning is about strategy, tactics, concrete specifics including milestones, metrics, tasks and schedule, and essential numbers to run a business, all of which lead to managing cash flow. That’s the sales forecast, the spending forecast and the cash flow. It is not a document.

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Lean Business Plan Video Software Review 60

Up and Running

JANUARY 3, 2018

Of course, plucking numbers from nowhere may seem more specific but is no more helpful unless the goals you choose are relevant to your current business performance and forecasts. Metric: Monthly views. So there we have a specific goal and a pretty obvious metric. Remember those vanity metrics that I mentioned earlier on?

Metrics 147

Metrics Revenue Channel Forecast 147

Feld Thoughts

MARCH 5, 2013

Don’t assume the high level metrics you are looking at tell the story. Step 4: Re-forecast Q1 and the rest of 2013 based on what you expect the actuals for Q1 to be. Use it to re-forecast based on the new information you learned in January, February, and Step 2. Go deep as a management team. Again, go deep.

Forecast 158

Forecast Revenue Metrics Sales 158

Startup Professionals Musings

AUGUST 13, 2012

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Rest assured that potential investors will ask for names, and place some calls. Financial forecast and metrics. Include Advisory Board members and key industry people connections.

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Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Up and Running

FEBRUARY 12, 2022

Just don’t invest the time in creating a lengthy version of your business plan with overly detailed metrics and milestones for the next five-plus years. It has less focus on financial forecasting and a greater focus on the big picture. They make mistakes just like the rest of us. Sorry if that offends some people, but it’s true.

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Business Plan Lean Forecast Exit Strategy 83

Up and Running

JULY 31, 2014

Don’t set a sales goal or a sales forecast with a hundred line items in there. You’ve got a three year forecast with your goals, monthly for the first 12 months, and then yearly for the next two years. At the end of the day, this is one of the most important goals to set and it will then inform all the rest of your financial goals.

Software Review 74

Software Review Sales Acquisition Small Business 74

Startup Professionals Musings

MAY 13, 2011

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Rest assured that potential investors will ask for names, and place some calls. Financial forecast and metrics. Include Advisory Board members and key industry people connections.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Up and Running

NOVEMBER 10, 2015

” As the managing editor of Bplans, I’ve had the good fortune to learn about business via the content we share; through interviews with LivePlan customers and other business owners; and thanks to brilliant, informal coaching from people like Tim Berry, Noah Parsons, and the rest of the executive leadership team at Palo Alto Software.

Curation 60

Curation Lean Software Review Finder 60

Small Business Force

DECEMBER 25, 2011

The rest stayed in the cigar box to make change and pay for any deliveries for the next day. Create a Rudimentary Cost System Track labor hours by customer, product, project, whatever the key metrics are for your business, from you right down to the person who answers the phone. Pretty simple system for a pretty simple business.

Small Business 35

Small Business Forecast Software Review Revenue 35

Agile VC

MAY 26, 2011

In another we decended into a debate about our 5 year forecasts (I built the models so fielded most of these questions), and it became clear they probably weren’t the best fit for our Series A round (this group is no longer in the early-stage VC business). The rest, as they say, is history. It was a $4.7M Author howerl.

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Term Sheet Silicon Valley Technical Review Social Network 178

Up and Running

MAY 1, 2014

The rest of this article will provide the specifics of what you should include in your business plan, what you should skip, the critical components of the all-important financial projections, and links to additional resources that can help jump-start your plan. Milestones and Metrics. Milestones and Metrics. Read more ».

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Business Plan Forecast Balance Sheet Distribution 163

Gust

AUGUST 5, 2012

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Rest assured that potential investors will ask for names, and place some calls. Financial forecast and metrics. Include Advisory Board members and key industry people connections.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

ConversionXL

DECEMBER 2, 2020

In addition, some of the potential users can begin at the Ask or Appeal funnel stage, skipping the rest. Other metrics to monitor. In addition to the funnel stages described above, we also monitor some additional metrics. Set the URL query string to “metrics: recurring_revenue.” Set up the parameters for a new report.

Churn Rate 78

Churn Rate Analytics Retention SQL 78

Startup Professionals Musings

APRIL 22, 2010

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Rest assured that potential investors will ask for names, and place some calls. Financial forecast and metrics. Include Advisory Board members and key industry people connections.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Up and Running

OCTOBER 3, 2017

For example, although the executive summary comes as the first section of a business plan, I recommend writing it after everything else is done, so you know exactly what appears in the rest of your business plan. Others like to focus on the numbers first, so they start with a sales forecast or spending budget. Key Metrics.

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Business Plan Balance Sheet Forecast Lean 134

Genuine VC

AUGUST 3, 2010

Customer hypothesis gathering – Depending on the startup’s offering, these efforts involve calling potential customers which are end-users of a product, or understanding any early key usage metrics the startup may have already developed. Call initial customers/ reactions. Justify the investment internally.

Seed Stage 123

Seed Stage Cofounder Metrics Forecast 123

Steve Blank

DECEMBER 7, 2010

Each week will be new adventure as you test each part of your business model and then share the hard earned knowledge with the rest of the class. If non-web, build demand creation budget and forecast. Dave McClure, “Startup Metrics for Pirates”, [link]. What are the key financials metrics for your business model?

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Wiki Lean Management Business Model 316

Up and Running

AUGUST 12, 2015

I am here to talk about LivePlan and give you some big picture information on business planning, forecasting, how to really kick your business off in the best possible way. Budgeting and forecasting, it’s not rocket science. You can’t forecast. I don’t know how to forecast. Good morning.

Forecast 60

Forecast Video Business Plan United States 60

Up and Running

DECEMBER 5, 2017

Second, skip everything else you’ve heard people talk about and jump right into your sales forecast. I just finished an initial sales forecast for our new product Outpost , and am going to share the process I went through to put it together. A quick caveat: The process for creating this sales forecast was for just one product.

Forecast 84

Forecast Sales Advertising Social Media 84

Up and Running

NOVEMBER 12, 2018

But, don’t write your executive summary first—it’ll be quite a bit easier to write after you’ve written the rest of the 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.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Up and Running

OCTOBER 3, 2018

Set a specific time each month to review it , comparing forecasts to actuals and revising as necessary. Investors will read your executive summary and decide whether or not it’s worth their time to read the rest of the plan. Milestones and metrics that you’ll need to hit to be viable. Milestones and metrics.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Up and Running

OCTOBER 21, 2014

The rest is just going to build off of this step. A sales forecast. How do these things stack up against your forecasted data? As it integrates with many of the major accounting platforms, you shouldn’t have a hard time drilling down into key metrics to figure out how you’re doing. Day 30: Rest. Startup costs.

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Elevator Pitch Software Review SBA Business Plan 166

Startup Lessons Learned

JULY 9, 2009

If Id bought just a handful of the "best of the rest" domain names that were available at the time (for a whopping $70 each), I probably could have just retired right then. Neither can the rest of us (well, except for Matt Cohler). Id been on the internet since I was playing MUDs as a kid, but by 1999 I felt Id already missed the boat.

San Francisco 94

San Francisco Lean Continuous Deployment DC 94

Occam's Razor

FEBRUARY 7, 2011

But each keyword gets "credit" for other metrics. The best option is to hire a statistician with experience in data modeling and forecasting. Brian Krick: Best way to measure and communicate "available demand" from available channels (social, search, display) for forecast modeling. Please see the advice above.

Analytics 94

Analytics Web Non-Compete Metrics 94

ConversionXL

MARCH 16, 2016

Net Promoter Score is a customer loyalty metric developed by (and a trademark of) Fred Reichheld, Bain & Company, and Satmetrix. Instead of distributing bulky customer satisfaction surveys, where even your managers don’t know what to do with the results, you have only one question, one metric to deal with. Beauty in Simplicity.

.Net 48

.Net Metrics Retention Aggregator 48

The Startup Magazine

MAY 3, 2024

The company integrates artificial intelligence (AI) into the maintenance planning process, forecasting asset reliability and establishing strategies that ensure efficient and sustainable resource usage. After tracking over 1000 facilities per month, the company has calculated more than 200 million metric tonnes of total CO2 emissions.

Artificial Inteligence 143

Artificial Inteligence Technical Review Software Review Cloud 143