Steve Blank

FEBRUARY 6, 2014

The concepts in my Lean LaunchPad curriculum can be taught in a variety of classes–as an introduction to entrepreneurship all the way to a graduate level “ capstone class.”. Our Lean LaunchPad class requires student teams to get out of the building and talk to 10-15 customers a week while they’re building the product.

Lean 286

Lean Customer Development Business Model Email 286

Up and Running

OCTOBER 3, 2017

This article is part of our “Business Planning Guide” —a curated list of our articles that will help you with the planning process! Start from the very beginning understanding that your business plan ought to be specific to your business needs and objectives. Build your plan, then organize it.

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Business Plan Balance Sheet Forecast Lean 134

Up and Running

JULY 1, 2020

A good business plan is critical to starting a successful business. Creating a plan for business expansions is no less essential. And using your business plan template to develop an expansion plan increases your odds of success and allows you to avoid bad investments.

Business Plan 152

Business Plan Forecast Operations Dilution 152

YoungUpstarts

MAY 9, 2017

Lean is a methodology that can be applied to all disciplines of knowledge work to increase business efficiency, agility, and visibility. Due to its roots in manufacturing, Lean is often equated with the elimination of waste, but this view of Lean misses the mark on realizing its true value. Lean Transformations.

Lean 124

Lean Agile Technical Review Dilution 124

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.

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

Steve Blank

APRIL 4, 2011

The Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. This week they were testing who the customer, user, payer for the product will be (and discovering if they have a multi-sided business model , one with both buyers and sellers.) This post is part four. Syllabus is here.

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Customer Business Model Nebraska Cloud 241

Up and Running

JANUARY 25, 2018

What exactly needs to be included in a business plan, and in how much detail? You may have been told that the more detail you can include in your business plan, the better, but this is not necessarily the best strategy for everyone. Digital businesses need to be agile and reactive too.

eCommerce 96

eCommerce Business Plan Audience Lean 96

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. Personnel plan : Costs of employees.

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Business Plan Technical Review Forecast Software Review 154

Up and Running

MAY 14, 2015

Business plans go by many names: Strategic plans, operational plans, internal plans, and many others. Lately, I’ve been focusing on lean business plans. There are also one-page business plans, although those are really more summaries. Business plans for startups.

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Business Plan Lean Forecast Balance Sheet 60

Up and Running

MARCH 26, 2015

Unsure what kind of business plan you need? We get this question a lot, mainly because there are so many different things labelled as business plans: strategic plans, annual plans, operational plans, feasibility plans, and, of course, what most people think of, business plans for startups seeking investment.

Business Plan 60

Business Plan Lean Forecast Balance Sheet 60

Up and Running

AUGUST 28, 2018

If you’re thinking about starting an outpatient medical practice, one of the first things you should do is write a business plan. There are a few different types of business plans , depending on how you intend to use it. If you’re seeking investment or business loans, you’ll need a traditional business plan.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Steve Blank

MAY 9, 2017

Continuous innovation requires the imagination and courage to challenge the initial hypotheses of your current business model (channel, cost, customers, products, supply chain, etc.) Today open source software has slashed the cost of software development from millions of dollars to thousands. The founders.

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Restful Silicon Valley San Jose Puerto Rico 249

YoungUpstarts

MAY 15, 2013

So it makes sense, that as Sheryl Sandberg points out in the much talked about book, “ Lean In: Women, Work, and the Will to Lead “, “many women are reluctant to make a focused effort to lead in the workplace” My advice? When you’re bright and talented, you can make your own way by starting your own business.

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Lean America Social Media Networking 145

Startup Lessons Learned

NOVEMBER 8, 2008

This theory has become so influential that I have called it one of the three pillars of the lean startup - every bit as important as the changes in technology or the advent of agile development. Most likely, your business plan is loaded with opinions and guesses, sprinkled with a dash of vision and hope. Expo SF (May.

Customer Development 168

Customer Development Developer San Francisco Customer 168

Up and Running

MAY 12, 2020

Can I afford the cost of any adjustments that need to be made? Make sure you can legally start a business from home: Check zoning laws in your area and ensure your home is “zoned” for business practices. Develop a Business Plan. It’s been proven that planning makes you more successful.

Software Review 153

Software Review Exit Strategy Technical Review Business Plan 153

Up and Running

NOVEMBER 12, 2018

There are several different types of business plans that can help you stay on track. If you’re seeking a bank loan or outside investment, you probably need a traditional business plan. But if you’re writing a plan as an internal guide for strategic growth, you should consider a lighter version— a Lean Plan.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

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.

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Lean Agile Business Model Customer Development 120

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.

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Elevator Pitch Software Review SBA Angel Investor 166

YoungUpstarts

AUGUST 24, 2017

More importantly, a subscription business model enables you to manage the cash flow, upgrade your business planning and optimize metrics such as churn rates, the lifetime value of a customer, expansion, and more. Through customer acquisition, you’ll work to grow the revenue and then, use that revenue to cover operational costs.

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Churn Rate eCommerce Business Model Bootstrapping 149

Up and Running

JUNE 18, 2015

My favorite quote on business planning is when former president Dwight D. Eisenhower said: “The plan is useless; but planning is essential.”. What I’ve always taken from that is the importance of keeping a plan live; reviewing it, and revising it. See Also How to Write a Business Plan.

Business Plan 60

Business Plan Technical Review Forecast Social Media 60

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

wordsting.com

APRIL 4, 2013

Fat startup: Learn the lessons of my failed Lean Startup. by Word Sting in Lean Startup , Software copywriting , Copywriting for startups. Those that do will likely fall under the influence of the celebrated Lean Startup movement. Yet the company failed -- more of a fat startup than a lean startup.

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Lean Startup Software Review San Francisco 61

Up and Running

OCTOBER 3, 2018

What they don’t usually show on screen on shows like Flip or Flop is that writing a business plan is a must. If you’re thinking about starting a business that buys up homes, fixes them up and then re-sells them at a profit, the first step is to write a business plan. It serves as a mini version of your entire plan.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

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. Your idea is a good one – it’s one that you believe in.

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Social Media Business Plan Software Review Audience 146

Up and Running

OCTOBER 30, 2020

It will not only benefit customers but help cut costs on unnecessary ad spending or marketing campaigns that simply don’t connect with your audience. Importance of Storytelling in Brand Marketing Efforts Building an Email Marketing List Facebook Marketing: A Small Business Guide Good Marketing Strategy Starts With a Defined Message.

eCommerce 152

eCommerce Sales Software Review Canada 152

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

Steve Blank

MAY 10, 2011

The Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. Many entrepreneurship courses focus on teaching students “how to write a business plan.” Experienced entrepreneurs realize that no business plan survives first contact with customers. Syllabus is here.

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Lean Business Model Agile Customer Development 288

Startup Lessons Learned

DECEMBER 14, 2009

A business that strives for something like this should absolutely be charging money from day one, in order to establish baselines for their two key metrics: CPA (the cost to acquire a new customer) and LTV (the lifetime value of each acquired customer). These concepts have important implications for any lean startup.

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Customer San Francisco Viral Lean 156

Startup Lessons Learned

OCTOBER 6, 2008

Lessons Learned by Eric Ries Monday, October 6, 2008 When NOT to listen to your users; when NOT to rely on split-tests There are three legs to the lean startup concept: agile product development , low-cost (fast to market) platforms , and rapid-iteration customer development. The Lean Startup Intensive is tomorrow at Web 2.0.

San Francisco 128

San Francisco Lean Continuous Deployment Agile 128

ReadWriteStart

JUNE 1, 2020

For these businesses, it is imperative to get funding from the start without which the company cannot be set up. It is going to cost a lot of money just to get the initial batch of products to test the market and would definitely require external funding. You can get a personal loan without a business plan. Crowdfunding.

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Startup Entrepreneur Elevator Pitch Seed Stage 150

Steve Blank

MARCH 11, 2016

We just finished the 6 th annual Lean LaunchPad class. For the last 6 years I’ve taught the Lean LaunchPad class at Stanford and Berkeley. business plans are fine for large companies where there is an existing market, existing product and existing customers, but they are useless in a startup where most often none of these are known.

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Lean Incubator Business Model Channel 120

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. Calculate startup costs. The basics.

Web 86

Web Design Software Review Elevator Pitch 86

Up and Running

MARCH 11, 2020

Resources for starting a transportation business. Transportation business plan samples. How to start a non-emergency medical transport business. Free downloadable business plan template . 44 percent of businesses plan to increase tech spending in 2020, up from 38 percent in 2019. Technology.

Technical Review 97

Technical Review Green Silicon Valley Non-Compete 97

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

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

ReadWriteStart

JANUARY 26, 2021

Many business owners launch startups with the intention of running lean—relying on minimal resources to preserve the business for as long as possible. But even the leanest businesses need money to keep running. Pricing and Cost Issues. Many startups fail because they can’t manage things like pricing and cost.

Startup 180

Startup Angel Investor Business Model Demand 180

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