Startup Professionals Musings

SEPTEMBER 16, 2023

He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Angel groups, accelerators, and incubators are pervasive.

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

Up and Running

MAY 17, 2016

I often use steering as a metaphor for business planning. So too with running your own business, or starting a new one. Taking steering one step further, let’s suggest that good planning, with milestones and metrics, is something like steering with the aid of a GPS. Those are classic performance metrics.

Metrics 80

Metrics Social Media Business Plan Advertising 80

Up and Running

JULY 6, 2016

Often, a business plan introduces a new technology that requires some explaining. On one hand, as a reader of business plans for investors, I see way too many business plans that ask a reader to wade neck-deep through technology to get to the business. It’s a business plan, not a term paper or thesis.

Technical Review 72

Technical Review Software Review Business Plan Development Team Review 72

Up and Running

APRIL 9, 2019

Why add a SWOT analysis into your business plan and the strategic planning process? I believe in it because the SWOT phase was vital to my planning process as I grew Palo Alto Software from zero to over $5 million in annual sales. Just like the Lean Planning approach to business planning, less is more.

Business Plan 89

Business Plan Software Review Differentiation Framework 89

Up and Running

MAY 8, 2015

A lean business plan does what every business owner and aspiring startup needs to manage strategy, tactics, execution, and essential business numbers. It stays lean and simple with just bullet points for essentials and a collection of lists and tables. Why lean ? Lean means useful.

Lean 60

Lean Business Plan Technical Review Forecast 60

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. Your operations plan.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Up and Running

MAY 12, 2020

Develop a Business Plan. It’s been proven that planning makes you more successful. Beyond writing a business plan to acquire funding (if that’s what you need), a business plan can help keep you on track to meet your milestones and goals. Determine what type of business plan is right for you .

Software Review 153

Software Review Exit Strategy Technical Review Business Plan 153

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

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

Up and Running

APRIL 10, 2013

When launching a new company or marketing campaign, your major concern shouldn’t be whether or not you can execute on the plan. This was the major theme behind a discussion my company hosted recently with “Lean Analytics” author Alistair Croll. It should be whether the idea is worth investing in at all.

Lean 71

Lean Analytics Technical Review Social Media 71

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

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

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. It is a bootstrappable model. In most cases, urgency and overwhelm can create a lot of stress.

Churn Rate 149

Churn Rate eCommerce Business Model Bootstrapping 149

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.

Customer 156

Customer San Francisco Viral Lean 156

The Next Web

SEPTEMBER 22, 2013

While you are working away on your business plan, looking for ways to raise capital, finding the right people to hire, etc., Stay lean for as long as possible. Be creative, and stay lean. Staying lean early on will help you when you need to scale.”. Collis and Cyan Ta’eed , Founders of Envato. Scale rapidly.

Cofounder 164

Cofounder Founder Startup Bootstrapping 164

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

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.

Elevator Pitch 166

Elevator Pitch Software Review SBA Angel Investor 166

Startup Lessons Learned

JANUARY 10, 2011

We still have some collective scar tissue: the idea conjures up the hordes of dot-com hopefuls that descended on VC’s and angel investors with little more than a business plan. One tweet read, “well, if HBS is investing in the lean startup we know it has jumped the shark.” Even worse, this breeds tremendous mistrust.

Silicon Valley 167

Silicon Valley San Francisco Lean Investment Bankers 167

The Next Web

DECEMBER 4, 2013

Metrics on keywords, follower profiles and competitors all help define your target listener. As a startup, you’re working with limited resources and a lean business model. A steep discount may not fit with your business plan and current financial state, but make sure you find some way to compensate your initial believers.

Social Media 158

Social Media Media Viral Startup 158

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

Up and Running

SEPTEMBER 15, 2016

Most people think of the business plan as a one-time event, something used to accomplish a specific goal—getting funded, usually. The business plan, in its many different formats, can be used for a variety of purposes, including validating an idea, getting funded, and managing a business successfully.

Business Plan 60

Business Plan Lean Forecast Balance Sheet 60

YoungUpstarts

AUGUST 11, 2020

. “A goal without a plan is just a wish!” Every successful business idea had a strategically written business plan. To provide direction of business development or just to attract investors, a business plan is a roadmap toward a company’s success. . Business plan format.

Business Plan 264

Business Plan Balance Sheet Lean Forecast 264

Up and Running

APRIL 29, 2019

Look back at the initial business plan you wrote before starting your business. As you begin to implement your marketing plans in service of your branding and sales goals, make sure you track metrics so you can measure the success of each campaign.

Marketing 142

Marketing Social Media Lean Campaign 142

Startup Lessons Learned

JUNE 5, 2009

Certainly venture-backed startups don’t have this luxury – every business plan has a model in it. In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics. If you haven't already, you should check out Discovery Driven Planning.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Up and Running

MAY 23, 2016

Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. It’s the fastest way to get your idea onto paper, and it’s the very first step in the lean planning process, which is much easier and more iterative than traditional business planning methods.

Software Review 74

Software Review Software Delaware Forecast 74

Startup Professionals Musings

MAY 4, 2016

He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Angel groups, accelerators, and incubators are pervasive.

Intellectual Property 120

Intellectual Property Startup Angel Groups Social Media 120

Up and Running

OCTOBER 30, 2017

If you will be seeking outside financing, a business plan is a necessity. But, even if you are going to finance the venture yourself, a business plan will help you figure out how much money you will need to get started, what it will take to make your business profitable, what needs to get done when, and where you are headed.

Venture Capital 166

Venture Capital Business Plan Limited Liability Company Finance 166

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

Steve Blank

MAY 26, 2009

Reply conversationalistOU812 , on November 9, 2009 at 10:31 am Said: Dmitriy is right – we should ban the use of industry buzzwords like “verticals&# , “metrics&# and “horizontals&# altogether. The best entrepreneurship textbooks and blogs assume that advice to startups is generalizable.

Vertical 159

Vertical Silicon Valley Intellectual Property RSS 159

Steve Blank

JANUARY 28, 2014

0:43: Business Plans versus Business Models. 2:21: Accounting Metrics in a Large Company vs. Metrics that Matter in a Startup. 6:07: Engineering: Waterfall Development in a Large Company vs. Metrics that Matter in a Startup. Module 3, The Lean Method. 1:28: Using the Business Model Canvas.

Founder 331

Founder Intellectual Property Lean Customer Development 331

YoungUpstarts

AUGUST 24, 2015

3 One-page business plan. Develop a one-page business plan. This should include what you will sell, who your customers will be, how much you will charge, how you’ll market your business, what determines success, and how objections will be managed. You could also position yourself as an instant consultant.

Technical Review 100

Technical Review Software Review South Carolina Startup 100

Steve Blank

DECEMBER 7, 2010

Many entrepreneurship courses focus on teaching students “how to write a business plan.” are what make it a business, 2) business plans are fine for large companies where there is an existing market, existing product and existing customers. . This class is not about how to write a business plan.

Wiki 319

Wiki Lean Management Business Model 319

Up and Running

DECEMBER 17, 2020

And one question that many startups overlook at the early stages of formulating their business plans: do you have a well-reasoned, effective, and budget-savvy marketing plan? Marketing Is a distinct business function. Time spent on-page is a related metric you may also want to track. Marketing is one such function.

Marketing 142

Marketing Technical Review SEO Hosting 142

Startup Lessons Learned

JANUARY 2, 2009

For the rest of us, there is an alternative: to create credibility by building a lean startup. The core of the article is my first attempt to articulate the key metrics (in graph form) that I believe demonstrate customer value. The only folks who invested in me were the ones who barely understood the business plan.

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 60

Up and Running

AUGUST 24, 2020

While AI helps businesses make sense of their data, the Internet of Things (IoT) helps capture and deliver data from a plethora of interconnected devices. Simply put, IoT is a combination of sensor and data analytics systems, helping businesses aggregate metrics to make more accurate decisions. Invest in analytics.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

Up and Running

SEPTEMBER 8, 2016

It’s been proven that planning makes you more successful. Beyond writing a business plan to acquire funding (if that’s what you need), a business plan can help keep you on track to meet your milestones and goals. To begin with, determine what type of business plan is right for you.

Software Review 60

Software Review Technical Review Intellectual Property Guerilla 60

Steve Blank

JANUARY 25, 2010

A business model describes how your company creates, delivers and captures value. Or in English: A business model describes how your company makes money. (Or Or depending on your metrics for success, get users, grow traffic, etc.). How Does Customer Development, Agile Development and Lean Startups Fit?

Agile 335

Agile Startup Silicon Valley Business Model 335