article thumbnail

7 Keys To Making A Business Out Of Your Great Product

Startup Professionals Musings

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.

article thumbnail

How To Build a Web Startup – Lean LaunchPad Edition

Steve Blank

As part of our Lean LaunchPad classes at Stanford, Berkeley, Columbia and for the National Science Foundation, students build a startup in 8 weeks using Business Model Design + Customer Development. Read Business Model Generation pages 1-72, and The Four Steps to the Epiphany Chapter 3. Step 1: Set Up Team Logistics.

Lean 334
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Steps For Establishing The Right Business Model

Startup Professionals Musings

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.

article thumbnail

Customer Validation - 33 Great Articles

SoCal CTO

The other was a consumer play with possible viral growth. Would the consumer one get traction and be viral? " One was an enterprise software product. Neither felt like a slam dunk. Would it take more work to sell the enterprise product than they could make on it? In both cases, my gut said that as framed it needed work.

Customer 227
article thumbnail

10 Popular Business Strategies That Most Often Fail

Startup Professionals Musings

Viral marketing costs real money, and your support staff and hosting systems cost even more. Even non-profits need a profitable business model to offset staff and operating costs. Assume passion level defines business opportunity.

article thumbnail

7 Steps To A New Business From An Innovative Solution

Startup Professionals Musings

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.

article thumbnail

Startup Metrics

TechEmpower

Proving your Business Model Works - Build, Define, and Review But how do you prove your numbers? channels (search, social, viral, new media), cost-efficient distribution We often reference Dave’s work when talking to innovators. These two questions/answers can help define the early proof points for your company.

Metrics 260