Startup Professionals Musings

DECEMBER 2, 2022

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model. Production. Cost structure.

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Startup Professionals Musings

JUNE 12, 2022

On the other hand, everyone wants to be an entrepreneur. In his classic book “ The 3rd American Dream ,” thought leader Suresh Sharma summarizes the large corporate accomplishments of the 19 th and 20 th centuries, and then lays out the potential of a new entrepreneurial business ecosystem for the 21 st century.

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Steve Blank

APRIL 12, 2010

He turned to the other VC’s and added, “That’s why we write the checks and entrepreneurs run the company.”. The Search for the Business Model. A startup is an organization formed to search for a repeatable and scalable business model. Pivoting the Business Model. Types of Pivots.

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Hearpreneur

OCTOBER 13, 2023

A well-constructed business model is a foundational element of a business plan and strategy. Business models can vary significantly across industries and businesses, reflecting each enterprise's unique characteristics and goals. Thanks to Jordan Adair, ShirtMax ! Thanks to Jordan Adair, ShirtMax ! #2-

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Steve Blank

APRIL 21, 2011

This week they were testing their hypotheses about the sales “Channel” – how a company delivers its value proposition (i.e. There are two major channels: physical channels and virtual (web/mobile) channels. Virtual channels include Dedicated e-commerce, Two-step e-distribution and Aggregators. All that we expected.

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Startup Professionals Musings

OCTOBER 30, 2020

Every aspiring entrepreneur I know is talking about the fact that there are over 2,000 billionaires in the world today, and how their innovative idea could make them one of the next ones. Becoming an entrepreneur is actually a commitment to a new lifestyle, certainly very exciting, but also facing many unknowns and risks.

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Startup Professionals Musings

FEBRUARY 12, 2023

Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time. A business plan is for you first, not investors.

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Startup Professionals Musings

OCTOBER 11, 2023

Most new business owners I know feel the challenges of not enough time, money, and resources, and see these as problems rather than a competitive advantage. Don’t hesitate to look for new business partners who can mitigate your constraints, including distributors, new channels, or even competitors with complementary products.

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Hearpreneur

JUNE 16, 2023

The pandemic-induced disruptions have spurred innovation and accelerated digital transformation, leading to the emergence of new business models and opportunities. In this article, entrepreneurs from various industries share their economic outlook, offering valuable insights into the current business landscape. #1-

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Startup Professionals Musings

AUGUST 24, 2014

Unfocused entrepreneurs boast that their new technology will generate multiple disruptive products for consumers as well as enterprises around the world. Other elements of startup focus are a bit fuzzier, so let me zoom-in on some key ones here: Type of business model. Prioritize marketing channels. Marty Zwilling.

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Startup Professionals Musings

JANUARY 18, 2014

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Nail the business model. Leverage your customer conversations to predict and validate your business model.

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Startup Professionals Musings

APRIL 14, 2021

As a logical and data-driven business advisor, I have long focused on facts, technology, and quantifiable pain in guiding entrepreneurs. They depend on their favorite social channels and peers on social media to make emotional decisions for them, rather than rely on any kind of “cost-benefit” analysis.

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Startup Professionals Musings

MAY 17, 2020

Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time. A business plan is for you first, not investors.

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The Startup Magazine

AUGUST 3, 2021

Australian entrepreneur and consulting firm owner Luke Lazarus understands that launching a business is not easy. Operating a competitive business and turning a significant profit is even more challenging. Despite the odds against new business success, Lazarus started and operated four businesses by the time he was 25 years old.

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Startup Professionals Musings

NOVEMBER 24, 2013

On the other hand, everyone wants to be an entrepreneur. I agree with Sharma that it’s time to move on to a new way of thinking, living, and doing business, especially after the recent demoralizing recessionary times. Having only a large capital base and distribution channels, with no innovation, is not a sustainable business model.

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Startup Professionals Musings

MAY 15, 2019

Steve Blank via Flickr by jdlasica I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Nail the business model. These areas include market, process, and team transitions.

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ReadWriteStart

JUNE 1, 2020

I have often been asked about Startup Funding by entrepreneurs. Here is Startup Funding, a Comprehensive Guide for Entrepreneurs. In very few specific cases, depending on the nature of the business, the business model might demand a considerable gestation period or extensive research and development.

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Startup Professionals Musings

JUNE 30, 2012

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model?

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Hearpreneur

SEPTEMBER 16, 2020

We asked entrepreneurs and business owners on their best business or entrepreneur turnaround story and here are the responses. #1- When it launched in 97 it was a DVD rental business whose only real value proposition was the mail-order element of its operation. 1- Reed Hastings. Photo Credit: Paige Arnof-Fenn.

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Gust

AUGUST 17, 2014

Unfocused entrepreneurs boast that their new technology will generate multiple disruptive products for consumers as well as enterprises around the world. Other elements of startup focus are a bit fuzzier, so let me zoom-in on some key ones here: Type of business model. Invested Interests entrepreneur focus startup'

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Entrepreneur Technical Review Angel Investor China 182

Hearpreneur

SEPTEMBER 22, 2021

Here’s what entrepreneurs had to say about the companies they admire for their innovation. #1- Tesla Tesla invented a successful business model for bringing compelling electric cars to the market. I have always admired and been amazed by successful entrepreneurs who don't have a university degree. 7- Virgin Group.

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Hearpreneur

NOVEMBER 2, 2022

Its role in business will keep changing more and more with the advancement. It will have an impact on every business type. We asked our entrepreneurs what changes do they expect due to technology shortly, and this is what they have to say. #1- That’s not an HR policy or a perk; it’s our actual business model.

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Startup Professionals Musings

DECEMBER 11, 2022

After many years of working with angel investors seriously trying to find new ventures worthy of their hard-earned money, I find their frustration often exceeds that of entrepreneurs sincerely looking for financial help. Undefined business model or very low gross margins. Future unproven projections don’t set today’s valuation.

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Steve Blank

SEPTEMBER 5, 2018

Most entrepreneurs today don’t remember the Dot-Com bubble of 1995 or the Dot-Com crash that followed in 2000. These bubble startups were actually guessing at their business model and did premature and aggressive hype and early company launches and had extremely high burn rates – all predicated on an IPO to raise more cash.

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Steve Blank

OCTOBER 30, 2012

Our goal– to inspire, educate and empower hundred’s of thousands of entrepreneurs and help create 10,000 startups. The class teaches founders how to dramatically reduce their failure rate through the combination of business model design, customer development and agile development using the Startup Owners Manual.

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Startup Professionals Musings

JUNE 26, 2020

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. You may have heard that venture capitalists in Silicon Valley no longer read business plans. Provide specifics on the customer business model.

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YoungUpstarts

MARCH 4, 2020

It will enable individuals to understand the travellers’ needs and expectations intimately which can result in new hospitality business models. Intermediation and re-intermediation of tourism channel partners such as Airbnb can happen too. Are there any specific courses which are beneficial for any entrepreneur-to-be?

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Steve Blank

OCTOBER 11, 2016

When they found out, they questioned my decision-making and me as an entrepreneur. And not keep investors informed about changes to your business model can have serious consequences. They questioned my decision-making and me as an entrepreneur. Meanwhile, the investors thought we were dead. Where did this company miss?

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Hearpreneur

MAY 31, 2020

This ultimately improves your confidence and reminds you to push harder regardless of the obstacles you face in business. Here’s how entrepreneurs and business owners leverage networking in their businesses. #1- You and your business will be better for it. 1- Begin conversations. 7- Create friends.

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Startup Professionals Musings

JULY 9, 2017

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008.

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Startup Professionals Musings

AUGUST 4, 2013

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. So how do you go about proving the business model?

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View from Seed

JUNE 23, 2022

Upon leaving the Air Force, I went to business school and then landed a job at YouTube where I helped up-and-coming creators grow on the platform. It was during that time, I created my own YouTube channel to understand the struggles creators faced. RH: Close your eyes and imagine where your business will be in five years.

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Hearpreneur

DECEMBER 28, 2022

So, that’s why we are excited about 2023 because there will be more and more entrepreneurs and businesses. Here’s the pivot other entrepreneurs are making next year: #1- Release more studies. It may not even be necessary to change my business model, just having a digital storefront may be enough to get people back to shopping.

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Hearpreneur

FEBRUARY 20, 2022

It’s argued that social entrepreneurship is the new business model due to its ability to help one connect with the world and live a purposeful life while serving others. It also improves the image of business through collaborations and fosters relationships for a better society. 1- Being greener. Photo Credit: Ben Wagner.

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Hearpreneur

JANUARY 1, 2023

We asked entrepreneurs to share how they will prepare for the bad economy and here is what they have to say. #1- A prolonged period of considerable and widespread economic deterioration results in a downturn in the business which often lasts at least six months or more. Maintaining team morale during a bad economy is equally important.

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The Startup Magazine

AUGUST 11, 2023

One needs to evaluate their go-to-market strategy, distribution channels, scalability, execution team, and so on at this time. During the pre-seed fundraising stage, investors need a viable business plan to base their investments on. This is partly because information beyond the founding team and a pitch deck are scarce.

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Startup Professionals Musings

OCTOBER 17, 2018

This can happen through early marketing, independent of whether you have yet delivered a single product, proven your business model, or have any real customers. A sure sign of no traction is a lone inexperienced entrepreneur looking for an investor. Show validation data for business model key elements.

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