Startup Professionals Musings

APRIL 12, 2019

Unfortunately, even today, building a good product doesn’t guarantee you a business. Most entrepreneurs realize and budget for the additional costs of incorporating a business, marketing, equipment costs, and manufacturing. It’s amazing how fast your startup will outgrow your garage or home office.

Cost 264

Cost Founder Software Review Startup 264

Startup Professionals Musings

DECEMBER 27, 2019

Every new business dreams of growing from a startup to a global market leader in a few years, like Amazon.com, but that goal is elusive. 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 Agile 308

Steve Blank

NOVEMBER 7, 2023

He illustrated his talk with regulatory horror stories in the telecom market , electronic health records , and Covid antigen tests. Unfortunately, for startups entering a regulated market following this advice this might not be the optimum path. (And And why was Bill’s advice of staying away from Washington flawed for startups?

Washington 319

Washington Government Marketing Silicon Valley 319

Startup Professionals Musings

MAY 17, 2020

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time.

Intellectual Property 436

Intellectual Property Angel Investor Viral Distribution 436

Startup Professionals Musings

FEBRUARY 14, 2022

I found their five phases of the process to be compelling, based on my own years of experience mentoring startups: Nail the pain. Great businesses begin with a customer problem that has a big and monetizable pain point. Success demands testing the solution early and quickly in the market, then iterating to get it right.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

Startup Professionals Musings

JUNE 12, 2022

Having only a large capital base and distribution channels, with no innovation, is not a sustainable business model. Non-industrial large organizations cling to outdated business models. Single-node factories may be home-based with a global market. Many countries have learned to make products cheaper and better.

Artificial Inteligence 315

Artificial Inteligence Offshore Merger Technical Review 315

Startup Professionals Musings

AUGUST 23, 2020

Entrepreneurs who experience success with their first startup are often amazed to realize that the risks and fears of doing it right the second time go up, rather than down. Encores are tough, especially in the high-risk world of startups, yet every entrepreneur I know can’t wait to start over and do it again.

Technical Review 324

Technical Review Entrepreneur Due Diligence Business Model 324

The Startup Magazine

JANUARY 21, 2025

Exploring Customer Preferences and Market Trends Understanding customer preferences is vital for any business seeking growth in the transport sector. As consumers become increasingly aware of sustainability, they often seek businesses that share their values.

Technical Review 143

Technical Review Government Operations Demand 143

Startup Professionals Musings

DECEMBER 6, 2019

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Join a startup incubator. Only one-third make it past their tenth anniversary.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Startup Professionals Musings

APRIL 14, 2021

For example, my dictate that entrepreneurs need to find a “ painful ” problem to solve (such as high cost, low productivity) to attract customers, doesn’t really account for many successful startup businesses today, including top social media platforms, dating sites, and new fashions.

Customer 432

Customer Social Media Dividend Technical Review 432

VC Cafe

MARCH 1, 2024

Most startups equate the process of fundraising to dating – founders have to typically kiss a lot of frogs until the find the right fit. New space companies – If we are entering a future with access to space being as routine and inexpensive as commercial air travel, shipping or trucking… what new businesses does that unlock?

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

YoungUpstarts

NOVEMBER 14, 2020

A college syllabus is enough work for the typical student, but some enterprising students still desire to create a startup company in college. This smaller group of students are voluntarily increasing their work quota, with the additional responsibility of running a startup company. Create A Business Schedule.

Startup 264

Startup Social Media Finance Media 264

Startup Professionals Musings

OCTOBER 30, 2020

Most of you prefer to ignore the feedback from analysts that your chances of creating the next unicorn startup may be as low as one in five million. Don’t forget to market yourself before, during, and after your initial idea, through social media, websites, and events. Minimize one-time sales in your business model.

Merger 386

Merger Software Review Acquisition Social Media 386

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

Startup Professionals Musings

SEPTEMBER 25, 2021

So what do investors look for in qualifying you for that million dollars you need to take your invention from your garage to the market? Here are some reality checks you should apply: It takes a business team to build a business. You need a viable business model and customers. Early adopters are not a big market.

Technical Review 391

Technical Review Intellectual Property Early Stage Global 391

Startup Professionals Musings

OCTOBER 9, 2023

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Businesses require an equally elegant business model, with the right price, messaging and delivery channel to the right target customers to keep the dream alive and growing.

Technical Review 220

Technical Review Advisory Board Software Review Business Model 220

Startup Professionals Musings

APRIL 1, 2020

Attracting the right customers is the key to success in business, whether you have a new startup or a mature enterprise. As they watched their market share dwindle instead, they realized too late that these segments were already defined, and they needed a new focused brand to attract customers from other segments.

Customer 308

Customer Technical Review Matching Business Model 308

Startup Professionals Musings

APRIL 4, 2022

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Join a startup incubator. Use crowd funding. Get a loan or line-of-credit.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Steve Blank

APRIL 1, 2020

So here’s a five-day playbook to help CEOs of cash-flow negative startups, or ones about to go negative, assess the new normal and respond with speed and urgency. For companies burning cash, such as startups, how much cash do you have? Health of Your Current Target Market(s). Out of business? Emergence of New Market(s).

South Korea 334

South Korea Salary Business Model China 334

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. You have a deep desire to learn the venture capital business and are ready to hustle to meet the next great founder. You have an authentic passion for startups and a deep respect for entrepreneurship.

Technical Review 317

Technical Review Software Review Seed Stage Cofounder 317

Startup Professionals Musings

FEBRUARY 8, 2020

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. If the customer need is obvious and large, the calculated risk is in the quality of your solution, your team, and marketing. Marty Zwilling.

Management 322

Management Entrepreneur Forecast Stock Options 322

Startup Professionals Musings

NOVEMBER 2, 2022

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. If the customer need is obvious and large, the calculated risk is in the quality of your solution, your team, and marketing. Marty Zwilling.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Startup Professionals Musings

DECEMBER 5, 2020

For any company to be successful, it must dominate a market or niche. Corporate thinking is often focused on more products in more markets, with hope that the total impact will be greater than the sum of the parts. Entrepreneurial thinking is focused on dominating a segment of a competitive market.

Technical Review 294

Technical Review Business Model Employee Sales 294

Startup Professionals Musings

FEBRUARY 22, 2021

Friends and family will likely not expect the same level of sophistication on the business model and financials as a professional investor, but they do expect to see certain things. If you set around quietly waiting for someone you know to offer you money to fund a startup, you will probably have a long wait.

Technical Review 338

Technical Review Elevator Pitch Due Diligence Angel Investor 338

Startup Professionals Musings

JANUARY 13, 2020

As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. As with most business and personal interactions, first impressions tend to become lasting ones. A proven business model, ready to scale, is particularly attractive.

Intellectual Property 316

Intellectual Property Angel Investor Early Stage Venture Capital 316

Startup Professionals Musings

MAY 19, 2023

Entrepreneurs who experience success with their first startup are often amazed to realize that the risks and fears of doing it right the second time go up, rather than down. Encores are tough, especially in the high-risk world of startups, yet every entrepreneur I know can’t wait to start over and do it again.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229

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. Adopt alternative business models to address challenges. Most businesses stay focused on their core solution until they face growth stagnation and competition.

Technical Review 277

Technical Review Partner Matching Channel 277

ReadWriteStart

AUGUST 30, 2022

Every aspiring entrepreneur who wants to launch their business and get funding needs to know how to package and present a company to a potential audience and investors. According to Crunchbase, in 2021, startups raised $201 billion in investments during the initial stage of their launch. Deep Market Analysis.

Software Review 183

Software Review Technical Review Cofounder United States 183

The Startup Magazine

NOVEMBER 22, 2022

She realised the revenue operations market was booming, especially within the tech industry, and therefore wanted to explore what is largely an untapped market within the UK and Europe. The tech industry is valued at $1tn in the UK alone, and with an increase in startups and scaleups, this number will only increase.

Congo 158

Congo Technical Review Africa Netherlands 158

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. You have a deep desire to learn the venture capital business and are ready to hustle to meet the next great founder. . You have an authentic passion for startups and a deep respect for entrepreneurship.

Technical Review 257

Technical Review Software Review Hiring Seed Stage 257

The Startup Magazine

NOVEMBER 8, 2022

We will start with an essential tool every startup needs. You can learn more here about how call recording software can help a startup. However, there are many other ways these portals can be customized depending on what works best for your business model. Call Recording Software. Help Desk Ticketing System.

Customer 158

Customer Social Media Software Review Startup 158

The Startup Magazine

APRIL 22, 2024

When it comes to startups, the focus often gravitates toward acquiring new customers, expanding market reach, and chasing growth metrics. However, amidst the frenzy of attracting fresh clientele, many startups overlook a critical aspect of sustainable success – client retention.

Retention 148

Retention Reputation Startup Social Network 148

The Startup Magazine

FEBRUARY 17, 2025

Setting Up Your Mobile IV Therapy Business Setting up a successful mobile IV therapy business requires strategic planning and an understanding of market dynamics. There are currently 488 businesses in the IV therapy industry in the United States, indicating a thriving market.

Mobile 88

Mobile United States Technical Review Business Model 88

Startup Professionals Musings

OCTOBER 15, 2022

As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. As with most business and personal interactions, first impressions tend to become lasting ones. A proven business model, ready to scale, is particularly attractive.

Intellectual Property 278

Intellectual Property Angel Investor Early Stage Venture Capital 278

Steve Blank

OCTOBER 15, 2019

Once upon a time every great organization was a scrappy startup willing to take risks – new ideas, new methods, new customers, targets, and mission. If they were a commercial company, they figured out product/market fit; or if a government organization, it focused on solution/mission fit. Companies Run on Process.

Government 322

Government Technical Review Acquisition Metrics 322

VC Cafe

MARCH 16, 2025

Mention that you do “Consumer tech” as a startup founder and you’d be limiting your funding options to one third of the venture capital funds (in Israel that figure is probably closer to 10%). Despite the renewed potential offered by AI, consumer startups still need to overcome significant challenges.

Technical Review 78

Technical Review B2C Generative AI IPO 78

Steve Blank

APRIL 23, 2018

A version of this article appeared in the Harvard Business Review. The entrepreneur who founded and grew the largest startup in the world to $10 billion in revenue and got fired is someone you have probably never heard of. Modern Corporation Marketing. auto market. car market. General Motors had 20%.

Michigan 301

Michigan Cofounder Stock Forecast 301