Startup Professionals Musings

FEBRUARY 8, 2021

Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost. Unfortunately, I see too many new entrepreneurs who let their passion for a new idea or invention blind them to the stark realities of customer need, opportunity size, or pricing and cost implications.

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Advisory Board Bandwidth Cofounder Technical Review 356

ReadWriteStart

JUNE 8, 2021

But one of the secrets to effective scaling is an efficient team; if your employees are working productively and consistently, they’ll be capable of making your vision a reality. What Makes Employees Productive in a New Startup? So what is it that makes employees productive in a new startup? Uncertainty. Experimental workflows.

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Employee Product Startup Software Review 127

Steve Blank

JUNE 26, 2014

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. — Over the last three years the Lean LaunchPad class has started to replace the last century’s “how to write a business plan” classes as the foundation for entrepreneurial education.

Intellectual Property 290

Intellectual Property Lean IP Open Source 290

Hearpreneur

OCTOBER 10, 2023

In the realm of great business ideas, a well-crafted business plan takes center stage. Beyond that, it acts as your business's guiding roadmap, ensuring you stay aligned with your goals as your operations adapt to evolving circumstances. This document provides essential clarity on your business vision and mission.

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Business Plan Entrepreneur Jordan Florida 143

Up and Running

MAY 20, 2019

Writing a business plan can help make sure Office Space doesn’t feel relatable [ source ]. If you’re coming up with a business plan for a new venture, there’s a good chance you can relate to this scene. Business planning reduces hassles and friction. Business planning reduces hassles and friction.

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Business Plan Angel Investor Partner Naming 92

Startup Professionals Musings

SEPTEMBER 16, 2023

Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever. But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. The cost of social media done well is low.

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Intellectual Property Entrepreneur Angel Groups Social Media 261

Up and Running

FEBRUARY 14, 2017

If you’re serious about opening a restaurant, you’ll have to draft up a formal and accurate business plan to pitch to banks, investors, and even potential employees. I won’t lie—writing a formal business plan isn’t exactly a breeze. See Also: Restaurant Business Startup Guide. This document actually matters.

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Business Plan Social Media Forecast Database 120

The Startup Magazine

JANUARY 24, 2020

You’ve made it past the ideation phase, perhaps you’ve got a business plan in place, and now you’re ready to watch your business grow. From finding a qualified pool of applicants to interviewing, verifying references, and filing the hiring paperwork, just managing and recruiting employees is a full time job. Not too fast.

Software Review 185

Software Review Startup Technical Review Hiring 185

The Startup Magazine

AUGUST 26, 2024

LLCs and corporations provide limited liability protection but may require more paperwork and higher startup costs. Obtaining Necessary Licenses and Permits The requirements for starting a roofing business vary significantly by state and locality. A strong hiring process ensures you bring in employees who can deliver high-quality work.

Limited Liability Company 157

Limited Liability Company Technical Review Software Review Angel Investor 157

Steve Blank

SEPTEMBER 1, 2011

Small businesses are grocery stores, hairdressers, consultants, travel agents, Internet commerce storefronts, carpenters, plumbers, electricians, etc. They are anyone who runs his/her own business. They hire local employees or family. They work as hard as any Silicon Valley entrepreneur. Most are barely profitable.

Government 335

Government Silicon Valley Startup Venture Capital 335

Up and Running

OCTOBER 28, 2022

This presents the question—how much of your personal money should you put into your own business? Pros and cons of using your own money for startup costs. Few people have deep enough pockets to fund a business beyond launch. Conduct a cost estimation. Find the right funding mix for your business.

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Cost Startup Early Stage Vesting 138

Startup Professionals Musings

JUNE 9, 2012

In reality, you need to set these projections as goals for your own use, to convince employees as well as investors that you have a business which is challenging, but achievable. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

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Forecast Burn Rate .Net Business Model 238

Up and Running

OCTOBER 21, 2014

According to the SBA, 52% of all small businesses are home-based and of the 28 million small businesses in the US, 22 million of those are operated by people who consider themselves self-employed (they have no employees and no additional payroll). Are you going to be hiring employees? You get tax benefits.

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Elevator Pitch Software Review SBA Angel Investor 166

ReadWriteStart

DECEMBER 16, 2020

But with the pandemic showing no signs of abating in the United States and elsewhere, they’ve been forced to rethink their business plans. While many businesses have taken to remote working like fish to water, some are struggling to come to terms with the new normal. Unhealthy Employee Morale.

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Technical Review Startup Belgium Software Review 200

Both Sides of the Table

JULY 29, 2010

Mark Jeffrey - Q: “Is it more traditional to do your ESOP (employee stock option plan) before or after your angel or Series A funding?&# I talked about the need to have a restricted stock plan for your earliest employees. You’re not screwing me – you’re screwing your fellow employees.

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Venture Capital Term Sheet Valuation Stock Options 282

The Startup Magazine

JUNE 17, 2021

An online business analytics masters can be greatly enhanced by your willingness to nurture an interest in the latest tech news from around the world. Business degrees, particularly higher-level ones, will usually cover communication in the workplace, which is crucial to developing employee satisfaction and, perhaps, customer satisfaction.

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Analytics Technical Review Social Media Software Review 179

ReadWriteStart

NOVEMBER 12, 2022

As the global economic situation deteriorates amid the Russian invasion of Ukraine and soaring energy costs, many aspiring entrepreneurs might be tempted to give up and wait for better days. This is partly due to the global financial crisis of 2008, which led many companies to reassess their spending to cut costs.

Startup 198

Startup Technical Review Ghana Guerilla 198

Women Entrepreneurs Can

JANUARY 7, 2025

How much do you think itll cost to fix that? They love targeting small businesses because they know your defenses arent Fort Knox. A single data breach could cost you thousands and ruin your reputation. Employee-Related Claims: Got employees? Workers Compensation Insurance: Employees get hurt.

Small Business 72

Small Business Technical Review Bankruptcy Reputation 72

Steve Blank

OCTOBER 24, 2017

It’s hard to imagine, but in the 20th century there were no startup blogs or books on startups to read, and business schools (the only places teaching entrepreneurship) believed the best thing they could teach startups was how to write a business plan. And woe to the employee who got in their way of delivering the future.

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Founder Technical Review CTO Hire IPO 281

The Startup Magazine

OCTOBER 25, 2023

Mastering remote business has gone from unique selling point to necessity in today’s increasingly remote work world. Welcome to the future of work where employees may reside anywhere from Bali to Boston or Barcelona – how can you tap into this global talent pool to create your own successful enterprise with remote workers?

Technical Review 146

Technical Review Business Plan America Hiring 146

The Startup Magazine

MAY 27, 2023

Useful Tools While you might not have a clear idea of the specifics of your business plan just yet (though it’s always worth thinking about), it will do you some good to brush up on the kinds of tools that are going to be useful for someone in your position.

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Social Media Business Plan Software Review Audience 146

The Startup Magazine

MARCH 11, 2019

8 Signs to Start Your Own Business: Launching your own business is quite a daunting undertaking. Coming up with a viable idea, creating a decent business plan, managing the investment, hiring employees, lack of experience, and a lot of technical requirements are some of the reasons why self-business may not be a realistic option.

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Technical Review Business Plan Cost Hiring 154

Up and Running

JUNE 25, 2020

If your sales have recently hit a plateau, check out these 10 proven methods to continue growing your business. You went through the process of identifying a target market when developing your business plan. But now you have an active customer base that you need to engage with and in the process improve your business.

Small Business 180

Small Business Hosting Social Media Community 180

The Startup Magazine

AUGUST 7, 2024

Research and Understand the Market Before launching your business, it is essential to understand the market demand and trends. Develop a Solid Business Plan A detailed business plan is crucial for any startup. Invest in high-quality roofing and siding materials that are durable and reliable.

Software Review 158

Software Review United States Social Media Advertising 158

The Startup Magazine

FEBRUARY 11, 2022

The cost will vary based on how many employees there are and whether those workers have accounting degrees or other professional certifications. Office Space and Staffing: Once you’ve settled on a business structure, you’ll need to determine where your office will be and how many employees you’ll need.

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Technical Review Business Plan Networking Employee 167

Startup Professionals Musings

AUGUST 25, 2018

Now is the time to be an entrepreneur and create a business from your passion. The cost of rolling out a business has never been lower – it only takes a few hundred dollars to incorporate a Limited Liability Corp (LLC) online, create your own website, use social media to get attention, and you are in business.

Technical Cofounder 184

Technical Cofounder Intellectual Property Silicon Valley LLC 184

The Startup Magazine

DECEMBER 27, 2023

Not Using the Right Fleet Technology If you have a fleet or are looking to add one, you can implement the right technology to plan your routes, which can reduce expenses like fuel consumption. But before purchasing a solution, it’s a good idea to review GPS tracking costs to make sure you are getting the most for your money.

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Startup Technical Review Reputation Hiring 144

Startup Professionals Musings

APRIL 11, 2021

Entrepreneurs often put off the hassle and the cost of filing a patent until first funding. This will hold your place in the patent line for a year, and the costs and time for this filing are much less. Business plans and other documents should always be labeled as confidential. Marty Zwilling.

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Cost Non-Compete Accredited Investor Cofounder 363

YoungUpstarts

OCTOBER 8, 2020

When conceptualizing his business plan, Raef Hamaed knew that he had to differentiate his business from that of competing pharmacies. Hamaed had to believe in his business venture, and that started with believing in himself. He let the employee go, and learned valuable personal and professional lessons in the meantime.

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Entrepreneur Redemption Leadership Differentiation 195

The Startup Magazine

SEPTEMBER 16, 2021

Without any prior agreements in place, this can cause a ton of problems that can lead to the collapse of the business. They tend to overlook costs like renting an office space, marketing, or employee benefits, which can be expensive. You won’t be able to generate the funds you need to keep your business going.

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Startup Demand Business Model Founder 165

YoungUpstarts

APRIL 15, 2019

Once you’ve decided which overall business structure is the right fit for you, we recommend that you write a business plan. For more information about how to create a business plan, the Small Business Administration has you covered. Vendor and employee agreements. Get to know the legal stuff.

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Small Business Administration Design Distribution LLC 39

Up and Running

AUGUST 24, 2020

Cutting costs , revisiting forecasts , and stabilizing your business. You’re not forgetting it or avoiding the practices that have saved your business so far. For entrepreneurs looking to start a business or for established businesses looking to pivot their business model , you can use AI to build as-a-service operations.

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Technical Review Analytics Forecast Artificial Inteligence 131

YoungUpstarts

MARCH 22, 2019

Unless you are taking over an established enterprise and have hefty cash resources, it is likely that you will require a loan to get the business on its feet. Forecasting how much you need to start your business will, of course, depend on many things, including: Premises – lease establishment, renovations, signage etc.

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Software Review Due Diligence Startup Stock 176

Up and Running

MAY 15, 2019

But, the good news is, if all those people could start a brewery, then you can too—as long as you know what you’re getting into and have a solid business plan for your brewery. The Hughes brothers developed a solid business plan and built a core team to bring their vision to reality. Review your business plan regularly.

Oregon 24

Oregon Jordan Software Review Distribution 24

ReadWriteStart

JANUARY 26, 2021

Pricing and Cost Issues. If you want to continue existing, you need to make money—ideally more money than you’re spending on things like employee salaries and raw materials. Many startups fail because they can’t manage things like pricing and cost. If costs get out of hand, the company will collapse. Internal Disputes.

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Startup Angel Investor Business Model Demand 180

Startup Professionals Musings

MAY 4, 2016

Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever. But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. The cost of social media done well is low.

Intellectual Property 120

Intellectual Property Startup Angel Groups Social Media 120

Startup Professionals Musings

NOVEMBER 15, 2013

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial. The only reliable test is a real one.

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Business Plan Lean Matching Entrepreneur 257