Steve Blank

OCTOBER 15, 2019

These processes reduce risk to an overall organization, but each layer of process reduces the ability to be agile and lean and – most importantly – responsive to new opportunities and threats. Product people are often messy, hate paperwork and prefer to spend their time creating stuff rather than documenting it.

Government 322

Government Technical Review Acquisition Metrics 322

Steve Blank

APRIL 21, 2011

The Stanford Lean LaunchPad class was an experiment with a new model of teaching startup entrepreneurship. Their week 6 business model now looked like this: . With the evidence piling up, the team is now starting to think about pivoting to other customer segments and/or other pricing models. All that we expected.

Channel 234

Channel Artificial Inteligence San Francisco Business Model 234

Steve Blank

MAY 6, 2015

I am always surprised when critics complain that the Lean Startup’s Build, Measure, Learn approach is nothing more than “throwing incomplete products out of the building to see if they work.”. It’s time to update Build, Measure, Learn to what we now know is the best way to build Lean startups. Here’s how. Build-Measure-Learn.

Lean 120

Lean Agile Business Model Customer Development 120

Startup Lessons Learned

JANUARY 10, 2011

When we walked him through our business model and results, he explained that our options would be limited, because the main M&A community was feeling burned by companies like ours. Therefore, if you want to sell IMVU one day, you’ll need to abandon your business model, even though it’s generating a lot of revenue per customer.

Silicon Valley 167

Silicon Valley San Francisco Lean Investment Bankers 167

www.ashmaurya.com

JUNE 14, 2012

The true product of an entrepreneur is NOT the solution, but a working business model. The real job of an entrepreneur is to systematically de-risk that business model over time. There is a built-in learning feedback loop from experiments back to risks back to the business model.

Lean 76

Lean Business Model Product Framework 76

Startup Professionals Musings

JUNE 5, 2017

Find someone with complementary business knowledge, and the time to help, with your trust and respect, Document your objectives and talk often. Don’t start your business in a domain where you have no experience, even if it looks like a sure-fire success. Implement “lean startup” principles.

Technical Review 152

Technical Review Stealth Lean Social Media 152

The Next Web

SEPTEMBER 22, 2013

If you have co-founders, make sure you document who owns what, how you’re going to pay yourselves, and who makes what decisions. I think we erred in letting our traffic and operational concerns outstrip our business model, where simply maintaining what we had was preventing us from advancing our product.”. Scale rapidly.

Cofounder 164

Cofounder Founder Startup Bootstrapping 164

Up and Running

MAY 28, 2015

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. Start your lean business plan today: Download our Free Lean Plan Template one-page-pitch-download.pdf. That’s a lean business plan.

Lean 60

Lean Business Plan Video Software Review 60

Steve Blank

FEBRUARY 16, 2012

Alexander Osterwalder and I spent last week in Salt Lake City, Utah as judges at the 2 nd Annual International Business Model Competition , hosted by Professor Nathan Furr , and his team at the BYU Center for Entrepreneurship. In an existing corporation, the business plan is the execution document for sustaining innovation.

Business Model 270

Business Model Customer Development Utah Business Plan 270

Up and Running

JANUARY 8, 2019

You don’t have to be a business planning expert to develop a business plan; you just need to know your own business. With that alone, you can use a sample plan as a tool to write a business plan that serves your business needs. An Italian restaurant plan will still show you the layout and structure of the document.

Business Plan 118

Business Plan Lean Oregon Matching 118

The Next Web

JANUARY 27, 2013

I couldn’t write a single line of code, and I didn’t have any clue how to start a business. Four books helped me out a lot over the last few years: Four Steps to the Epiphany by Steve Blank, Running Lean by Ash Maurya, The Four Hour Workweek by Timothy Ferris and Rework by Jason Fried & David Heinemeier Hansson. You’re not alone.

Netherlands 159

Netherlands Technical Review Software Review Cofounder 159

The Next Web

MARCH 24, 2013

Said McClure,”We worship at the altar of ‘ lean ‘ a little too much when really we should just be running our businesses. Author and Stanford professor Steve Blank defines a startup as “an organization formed to search for a repeatable and scalable business model.”

Startup 130

Startup SCRUM Cofounder Aggregator 130

ReadWriteStart

JUNE 1, 2020

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. For these businesses, it is imperative to get funding from the start without which the company cannot be set up. Crowdfunding.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Steve Blank

MARCH 14, 2012

Today, the second half of the Stanford Engineering Lean LaunchPad Class gave their final presentations. As often happens, this team came into class convinced that their market research proved that their business was providing credit to underbanked customers. Application to the class is the teams business model canvas.

Lean 254

Lean Business Model China Customer Development 254

Up and Running

OCTOBER 10, 2016

When it comes to business planning, unless an investor has asked you to provide a formal business plan, we recommend writing a Lean Plan instead—it’s faster, more flexible, and will remain relevant throughout the life of your business. All about Lean Planning. Why Lean Planning? Start writing your Lean Plan.

Curation 60

Curation Lean Software Review Forecast 60

Up and Running

JANUARY 29, 2019

Though you may be tempted to immediately throw yourself into your new small business, don’t forget a crucial element: creating a business plan. Yes, the words “business plan” might trigger some dread about epic documents that take a ton of time to produce—but that’s not necessarily what a business plan needs to be.

Lean 64

Lean Business Plan Revenue Forecast 64

Steve Blank

SEPTEMBER 1, 2021

Try innovating inside a large company where 99% of the company is executing the current business model, while you’re trying to figure out and build what comes next. What you’re holding in your hand is a revolutionary document. Today, lean is the de facto method for building new start-ups. You think startups are hard?

Incubator 419

Incubator Lean Agile Business Model 419

Duct Tape Marketing

SEPTEMBER 26, 2024

There are literally companies that dedicate their entire business model just to saving the password. If a marketing firm said that to me and leaned into MySpace as a security vendor, I'd be impressed. Zack Kromkowski (18:09): So it's going to depend on your business model, your business setup.

Software Review 79

Software Review Security Distribution IP 79

The Next Web

AUGUST 10, 2013

Naturally, there are different kinds of product goals, e.g.: fulfilling a certain business model, forming a habit, creating a behavioral change or owning an experience. Connect and Document: Choose a method to conduct interviews that is most comfortable for the user. 12) Use lean UX principles. 4) Get feedback early on.

Cofounder 157

Cofounder Guerilla Startup Analytics 157

Steve Blank

MAY 7, 2009

Rob Adams, the director of MootCorp, is doing an amazing job at providing value to all participants, whether it’s feedback on their business model or making the right introductions. On the business plan, we now do just what you had suggested. We did need the full written document for the PPM for our investors, early on.

Business Plan 160

Business Plan Silicon Valley RSS Venture Capital 160

Steve Blank

MARCH 5, 2012

One of the confusing things to entrepreneurs, investors and educators is the relationship between customer development and business model design and business planning and execution. When does a new venture focus on customer development and business models ? Here’s an attempt to put this all in context.

Search 326

Search Business Model Customer Development Agile 326

Up and Running

JANUARY 15, 2018

Once you’ve decided that you’re ready to start a small web design firm, you’ll need to develop a host of skills to help you run a successful business, including time management, sales and promotional strategies, and client acquisition. Create a Lean Business Plan.

Web 86

Web Design Software Review Elevator Pitch 86

Steve Blank

FEBRUARY 25, 2014

The startups in our Lean LaunchPad classes and the NSF I-Corps incubator use LaunchPad Central to collect a continuous stream of data across all the teams. Over 10 weeks each team gets out of the building talking to 100 customers to test their hypotheses across all 9 boxes in the business model canvas.

Incubator 318

Incubator Intellectual Property Startup Lean 318

Up and Running

APRIL 27, 2020

Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway. They’re surviving and finding ways to thrive, but for those looking to start a business, now may be one of the best times to do so. .

Software Review 113

Software Review Lean Forecast Business Plan 113

Steve Blank

NOVEMBER 25, 2013

Teams can prove their competence and validate their ideas by showing investors evidence that there’s a repeatable and scalable business model. A Lean Startup methodology offers entrepreneurs a framework to focus on what’s important: Business Model Discovery. Here’s how.

Oakland 330

Oakland Incubator Lean Metrics 330

Steve Blank

MARCH 26, 2014

For those who don’t know, I wrote the book Open Innovation in 2003, and followed it with Open Business Models in 2006, and Open Services Innovation in 2011. In this post, I want to share some new thoughts that build on Steve’s post, and connect them to Lean Startup methods. While a simple statement, this is a profound insight.

Startup 331

Startup Business Model Lean Russia 331

Steve Blank

NOVEMBER 4, 2021

Modern entrepreneurship began at the turn of the 21 st century with the observation that startups aren’t smaller versions of large companies – large companies at their core execute known business models, while startups search for scalable business models. Problem – Lean Doesn’t Have a Market Definition Step.

Customer 427

Customer Marketing Lean Vertical 427

Up and Running

OCTOBER 30, 2017

This article is part of our “ Business Startup Guide ”—a curated list of our articles that will get you up and running in no time! People often ask us for a list of steps they can use to start their own business. From business type to business model to physical location, there are so many variables! Target Market.

Venture Capital 166

Venture Capital Business Plan Limited Liability Company Finance 166

Up and Running

MAY 18, 2016

Why David Rose recommends it: “It lays out in explicitly stark terms the difference between ‘small business ownership’ and ‘entrepreneurship.’ After you finish this, you should have a pretty good feel for whether you have what it takes to create a high-growth business.”. Tim Berry is the expert on business planning.

Startup 80

Startup Venture Capital Angel Investor Lean 80

Up and Running

SEPTEMBER 19, 2018

Write your business plan and develop your business model with this in mind so you can avoid these issues. . You can choose from a few different types of business plans depending on your needs. If you’re seeking investment, you need a traditional business plan. Remember that a business plan is a living document.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Up and Running

OCTOBER 21, 2014

‘Starting a business’ really only comes down to figuring out your business idea ; doing your paperwork; and sorting out the money. Given the number of funding resources available today, you shouldn’t have too much of a problem getting that initial start-up cash, especially if you focus on a lean business model or MVP route to market.

Elevator Pitch 166

Elevator Pitch Software Review SBA Angel Investor 166

Up and Running

AUGUST 28, 2018

A Lean Business Plan might be a better fit if you simply need to think through all the different aspects of your business. A Lean Plan will be shorter, and it lends itself to quick revisions, but both types follow the same general outline. First, your business plan laid out the opportunity at hand. Be specific.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Up and Running

AUGUST 8, 2018

It only takes an hour each month, keeps the management team up to speed on everything that’s going on in the company, and helps us plan and manage in a lean and effective way. We treat planning not as a document, but as a management tool that helps guide decisions and strategy. This meeting is our monthly plan review meeting.

Software Review 65

Software Review Business Plan Product Forecast 65

Steve Blank

JUNE 3, 2013

Roominate , one of my favorite Lean LaunchPad teams came out to the ranch last week for a strategy session. Then summarize it in a brief – a one, max two-page document that you hand to prospective PR agencies. Not understanding the other parts of your business model is a reason investors hire an operating executive.

PR 321

PR China Lean Channel 321

Startup Lessons Learned

FEBRUARY 7, 2013

Last May, I shared the news that long-time Lean Startup advocates Brant Cooper and Patrick Vlaskovits were working on a new book called The Lean Entrepreneur featuring illustrations by FAKEGRIMLOCK. LitMotors approach to using Lean Startup to create a new vehicle category. That new book is about to hit bookstores everywhere.

Lean 167

Lean Entrepreneur San Francisco Agile 167

Up and Running

MAY 23, 2016

Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. It’s the fastest way to get your idea onto paper, and it’s the very first step in the lean planning process, which is much easier and more iterative than traditional business planning methods.

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

MARCH 18, 2011

Lean Startups/Back to Basics (2000-2010): No IPO’s, limited VC cash, lack of confidence and funding fuels “lean startup” era with limited M&A and even less IPO activity. The IPO offering document became the playbook for startups. 2001 – 2010: Back to Basics: The Lean Startup. Facebook, Android/Apple App store.)

Internet 335

Internet IPO Silicon Valley Agile 335