Startup Professionals Musings

DECEMBER 6, 2019

According to a well-researched Motly Fool report, the challenge is very real, since around half of all businesses fail in the first five years. The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Steve Blank

OCTOBER 15, 2019

What had previously been a strength – their great management processes – now holds back their ability to respond to new challenges. HR processes, legal processes, financial processes, acquisition and contracting processes, security processes, product development and management processes, and types of organizational forms etc.

Government 322

Government Technical Review Acquisition Metrics 322

Startup Professionals Musings

MAY 23, 2022

Business ethics are more about religion than management or leadership. An ethical culture deals with managing values between the individual and the company, to best handle the inevitable conflicts that crop up in every business. Business ethics is a discipline that must be practiced every day by everyone.

Software Review 291

Software Review Offshore Entrepreneur Leadership 291

Steve Blank

APRIL 1, 2020

Remember, a year from now no one wants to be the CEO of a company out of business whose lament is, “I did what the board told me to do.”. This plan has three parts: Pivots to your new business model, changes to your operating plan, and what initiatives you save for the recovery. Your CFO now becomes the head of cash management.

South Korea 334

South Korea Salary Business Model China 334

Steve Blank

JUNE 14, 2017

Companies with business models built around internal combustion engines disrupted those built around horses. Fourth, large, existing companies are executing a known business model and have built processes, procedures and key performance indicators to measure progress to a known set of goals. They were different.

Valuation 295

Valuation Business Model Software Engineering Engineer 295

Startup Professionals Musings

OCTOBER 30, 2020

Minimize one-time sales in your business model. You need a stable customer base with an automatically renewing revenue stream, such as the subscription model. In this age of the gig-economy, you can more quickly hire and manage freelancers, contract workers, and contract operations.

Merger 386

Merger Software Review Acquisition Social Media 386

View from Seed

APRIL 6, 2021

You have a point of view on emerging technology and business models, and you are not afraid to voice your conviction. NextView is a thematic, seed-stage VC firm focused on the Everyday Economy with $200M+ of committed capital under management. About NextView.

Technical Review 317

Technical Review Software Review Seed Stage Cofounder 317

Startup Professionals Musings

APRIL 12, 2019

Your frugal role model of bringing your own lunch won’t be convincing to most employees. Staffing and people-management costs. As you scale up the business, you realize how many people you really need, including full-timers, managers, and hourly workers. Subscription software and computer hardware.

Cost 264

Cost Founder Software Review Startup 264

The Startup Magazine

FEBRUARY 17, 2025

There are currently 488 businesses in the IV therapy industry in the United States, indicating a thriving market. To stand out, new entrants must focus on creating a robust business model that prioritizes patient safety and adheres to healthcare regulations.

Mobile 94

Mobile United States Technical Review Business Model 94

Steve Blank

APRIL 23, 2018

Sloan Foundation , the Sloan School of Management at MIT , the Sloan program at Stanford , and the Sloan/Kettering Memorial Cancer Center in New York. Sloan’s book My Years with General Motors , written half a century ago, is still a readable business classic. automotive industry grew to become one of the drivers of the U.S.

Michigan 301

Michigan Cofounder Stock Forecast 301

Startup Professionals Musings

FEBRUARY 15, 2020

They insist on greater efficiency, try new business models, organizational improvements, and better cash management. Carnegie and Hill understood how business success rules were tied to the entrepreneur way back in the early 1900’s, and the evidence is that those rules are still as applicable now as they were then.

Technical Review 315

Technical Review Angel Investor Differentiation Business Model 315

Startup Professionals Musings

DECEMBER 5, 2020

He lays out seven thinking strategies for both entrepreneurs and employees that will make them business winners: Focus on the customers at all times. Company people, whether employees, managers, or executives, can view customers either with disinterest or as problems. Continually evaluate the essential elements of the business model.

Technical Review 294

Technical Review Business Model Employee Sales 294

Startup Professionals Musings

MAY 15, 2019

You can review all the specifics of this approach in the classic book by Nathan Furr and Paul Ahlstrom, appropriately titled “ Nail It then Scale It: The Entrepreneur's Guide to Creating and Managing Breakthrough Innovation ,” but I will net it out here. Nail the business model.

Startup 245

Startup Angel Investor Technical Review Incubator 245

Steve Blank

SEPTEMBER 5, 2018

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. Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios.

Lean 335

Lean Burn Rate Startup IPO 335

Startup Professionals Musings

NOVEMBER 2, 2022

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. The challenge is to avoid the bad risks, while actively seeking and managing the smart risks. Implement a modern real business model.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Startup Professionals Musings

APRIL 4, 2022

According to my experience and this Motley Fool article from a few years ago, the challenge is very real, with around half of all new businesses no longer existing after five years. Of course, we all realize that this approach will take longer, and could jeopardize both roles if not managed effectively. Set expectations accordingly.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

TechEmpower

JULY 31, 2023

Proving your Business Model Works - Build, Define, and Review But how do you prove your numbers? Then use what you’ve learned in this blog post to decide if the numbers validate your business model, or if you need to rethink your approach. Conclusion Startup metrics are an invaluable tool for founders and innovators.

Metrics 260

Metrics Startup Retention Acquisition 260

Startup Professionals Musings

DECEMBER 27, 2019

Thus I was pleased to see the evidence confirming that perspective in a new book, “ The Amazon Management System ,” by Ram Charan and Julia Yang. In my view, every startup in today’s world would do well to adopt a management system with the same key objectives: Start with a customer-obsessed business model.

Global 308

Global Marketing Technical Review Algorithm 308

Startup Professionals Musings

NOVEMBER 12, 2022

They insist on greater efficiency, try new business models, organizational improvements, and better cash management. Carnegie and Hill understood how business success rules were tied to the entrepreneur way back in the early 1900’s, and the evidence is that those rules are still as applicable now as they were then.

Technical Review 297

Technical Review Angel Investor Differentiation Business Model 297

The Startup Magazine

AUGUST 6, 2021

But like any business model, problems are sure to arise from time to time. It’s great that a dropshipping business model means you don’t have to handle order fulfilments, as that side of things is left to the manufacturers or wholesalers in the supply management chain. Image source: [link]. So, delays can happen.

Software Review 158

Software Review United States Business Model Stock 158

ReadWriteStart

JUNE 19, 2021

IoT brings organizations a whole new way of working wherein it becomes easier to control, manage, and monitor remotely located hardware. Also, it can open up numerous business models and revenue channels that were earlier inaccessible for want of a suitable hardware and software solution. Source: Mckinsey.

Technical Review 215

Technical Review Software Review Cloud Vertical 215

Steve Blank

SEPTEMBER 14, 2017

— I just watched a very smart company try to manage innovation by hiring a global consulting firm to offload engineering from “distractions.” One of the quickest ways to sort innovation ideas is to use the McKinsey Three Horizons Model. A shorter version of this post first appeared on the HBR blog. There’s a much better way.

Incubator 319

Incubator Curation Engineer Government 319

View from Seed

JULY 6, 2020

You have a point of view on emerging technology and business models, and you are not afraid to voice your conviction. NextView is a thematic, seed-stage VC firm focused on the Everyday Economy with $200M of committed capital under management. About NextView.

Technical Review 257

Technical Review Software Review Hiring Seed Stage 257

Startup Professionals Musings

OCTOBER 11, 2023

Another way of encouraging change is to give team members more autonomy to make their own decisions, without micromanagement by you or other managers. Adopt alternative business models to address challenges. A great incentive is highlighting learning and praising change requests in front of peers.

Technical Review 277

Technical Review Partner Matching Channel 277

Startup Professionals Musings

JUNE 11, 2022

An example would be getting free office space by agreeing to be the property manager for the owner. All other sections, starting with a definition of the problem and the solution, opportunity sizing, business model, competition, executive team, and financial projections, are just as critical for nonprofits as for-profits.

Angel Investor 327

Angel Investor Equity Technical Review Exit Strategy 327

Startup Professionals Musings

JANUARY 25, 2023

No matter how well your business seems to have worked for you up to this point, you can be certain that it will need to be heavily transformed for tomorrow’s new world-wide economy and no industry sector boundaries. Build too far or too close to the core business.

Partner 350

Partner Operations Metrics Leadership 350

Startup Professionals Musings

APRIL 11, 2022

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. In my experience as a new business advisor, a business is nothing until people are aligned and work in sync. Key activities. Try this one.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Steve Blank

OCTOBER 24, 2017

A founder’s lack of credibility/experience in growing and managing a large company hindered a company that wanted to go public. — all great things when you are executing and scaling a known business model. VCs with large funds (~>$200M) need investments in Unicorns to make their own business model work.

Founder 281

Founder Technical Review CTO Hire IPO 281

The Startup Magazine

SEPTEMBER 15, 2020

You will need to have an impressive management team to support your search for venture capital. Your pitch deck provides an overview of your entire business. This deck shares insights about your service or product, business model, funding needs, and the skills of your management team. Management team.

Venture Capital 176

Venture Capital Technical Review Software Review Security 176

YoungUpstarts

DECEMBER 22, 2020

We manage and reward employees based on how well they display teamwork. We reward people for good teamwork and manage them toward collaboration and accountability when they display a lack of teamwork. At Brokers International, we believe that we exist to help those who partner with us build their businesses.

Operations 246

Operations Employee Management Business Model 246

The Startup Magazine

NOVEMBER 8, 2022

This way, management can review calls made by these agents. Help desk software is a tool to help you manage support requests and improve customer satisfaction. You can create a knowledge base in any content management system (CMS) or platform. . Social Media Management Platform. Help Desk Ticketing System.

Customer 158

Customer Social Media Software Review Startup 158

Startup Professionals Musings

JUNE 30, 2019

According to my experience and a this Motley Fool article, the challenge is very real, with around half of all new businesses no longer existing after five years. Of course, we all realize that this approach will take longer, and could jeopardize both roles if not managed effectively. Set expectations accordingly.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Startup Professionals Musings

JUNE 26, 2020

Description of the business entity you plan to form. The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage. Quantify the market opportunity in business terms. Provide specifics on the customer business model.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Steve Blank

NOVEMBER 13, 2018

If you’re an early employee at a startup, one day you will wake up to find that what you worked on 24/7 for the last year is no longer the most important thing – you’re no longer the most important employee, and process, meetings, paperwork and managers and bosses have shown up. Manager of people and process? Loss of Autonomy?

Part-Time VPE 334

Part-Time VPE Employee Cofounder Hiring 334

Startup Professionals Musings

AUGUST 28, 2019

Business ethics are more about religion than management or leadership. An ethical culture deals with managing values between the individual and the company, to best handle the inevitable conflicts that crop up in every business. Business ethics is a discipline that must be practiced every day by everyone.

Software Review 192

Software Review Offshore Leadership .Net 192

Startup Professionals Musings

AUGUST 8, 2022

Escalate all problems upward to senior management. Avoid the macho concept that only top management can solve problems or address strategic challenges. There is nothing wrong with a focus on making the current business model work better. Decisions made lower down always get more buy-in.

Stock Options 277

Stock Options Incubator Framework Stock 277

Steve Blank

APRIL 5, 2017

I reminded her that all the Lean tools she learned in class–Customer Discovery, business model and value proposition canvases– contained her answer. Or people inside companies with a specific title, like product or program managers, CIOs, etc? influencers”) and how they manage them (e.g. Here’s how.

Marketing 318

Marketing Audience Technical Review PR 318