Startup Professionals Musings

JANUARY 4, 2015

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. Quantify overhead costs.

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Up and Running

OCTOBER 30, 2017

How will these affect day-to-day operations? How easy is it (and how much will it cost you) to acquire a customer? How much money and effort will it cost to deliver the value you would like to be offering? In contrast to the standard plan and the startup plan, is the operations or annual plan. What are your strengths?

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Venture Capital Business Plan Limited Liability Company Finance 166

The Startup Magazine

JULY 25, 2024

This type of financing is particularly useful for startups anticipating future revenue or investment but needing immediate capital to sustain operations. When seeking bridge capital funding, it’s essential to have a solid understanding of your financing needs and how the funds will be used.

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David Teten

AUGUST 7, 2019

Today, some Momentum-centric venture capital investors have high paper returns. Simple reason: most of them have known only a rising market in their careers, and in such a market the companies that are already hot can usually raise more capital and force growth. But VC is historically and consistently cyclical.

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Both Sides of the Table

FEBRUARY 14, 2010

One of our core tasks was “market analysis,&# which consistent of: market sizing, market forecasts, competitive analysis and then instructing customers on which direction to take. They had interviewed telecom operators, handset manufacturers and corporate buyers. 40% of costs are labor, 40% are materials and 20% are overheads.

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David Teten

AUGUST 6, 2015

My colleague Paul Bianco serves as interim CFO for a number of ff Venture Capital ’s portfolio companies, and has built and reviewed hundreds of financial models. 6) Title your file in a format like [Company Name] [Forecast] [yyyymmdd], e.g., “[Company Name] Forecast 20150524″. HOW TO MAKE YOUR CELLS READABLE.

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Startup Professionals Musings

DECEMBER 11, 2017

From my perspective, projecting financial returns is part of the homework every business person needs to do in sizing customer opportunity, product costs, pricing, competition and customer value, before expending their own resources in a highly risky venture. Per-unit cost less your cost per unit sold is your gross profit margin.

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Burn Rate Forecast Angel Investor Revenue 144

Up and Running

JULY 3, 2017

A niche is more cost-effective from an organizational and marketing perspective and allows you to have a laser focus on a smaller market. What are the startup costs associated with this business? After answering the following questions, you may be feeling good about where your business venture idea is sitting.

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Startup Professionals Musings

OCTOBER 18, 2013

Venture capital investments are returning to startups. Venture capital firms raised $4.1 Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater. Otherwise, sales, marketing, and operational costs will kill you.

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Business Plan Venture Capital Demand Forecast 215

VC Cafe

FEBRUARY 7, 2011

to nearly 5% of the total retail market, with a forecasted continuous increase. The appealing qualities of capital efficiency and high scale up are actually inherent to eCommerce companies. Outsourcing, for example, is a common thread among many eCommerce companies and supports capital efficiency by enabling dedicated focus.

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Up and Running

FEBRUARY 14, 2018

There’s nothing quite like being your own boss and running an operation the way you want to. However, this dream comes with a big cost. Execution : This section of your plan should include your marketing and sales plans and functional or operational details the technology or tools you’ll use to run your business.

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Balance Sheet Business Plan Security Forecast 90

Up and Running

MAY 28, 2015

That’s the sales forecast, the spending forecast and the cash flow. You want to show that, and investors need to see the scale of a business that have to do with your sales forecast. They’re going to look first at the sales forecast. That’s a lean business plan. It is not a document.

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Up and Running

MAY 30, 2022

This includes financial statements such as your profit and loss, cash flow, balance sheet, and sales forecast. Having a documented marketing plan will help you to automate business operations , stay on track and ensure that you’re making the most of your marketing dollars. And it’s not just for startups.

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Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Cut costs to stay alive for 24 months. Forecasted recovery date. Operating Numbers. Sales pipeline/forecast. Payroll costs/other variable costs. Days 3 and 4: Prepare new business model and operating plan.

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Steve Blank

DECEMBER 3, 2012

and reorganized into operating divisions (by product, territory, brand, etc.) This strategy-to-structure shift from functional organizations to operating divisions was led by DuPont and popularized by General Motors and quickly followed by Standard Oil and Sears. Operating divisions execute the known business model.

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Growthink Blog

SEPTEMBER 13, 2017

Putting out there as to what our financial results will be , and why - in the form of well-documented and reasoned financial forecasts. Putting all of this out there and SO many good things come back to us.

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Up and Running

MARCH 4, 2022

A business plan does far more than help secure venture capital when you’re starting out. Lay out the methodology of any facts and figures used to estimate revenue or what your costs will be. Start by ensuring different operational milestones within your plan are attainable. Methodology for results.

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Steve Blank

NOVEMBER 16, 2009

Filed under: Customer Development , Customer Development Manifesto , Market Types « “Lessons Learned” – A New Type of Venture Capital Pitch Closure » 21 Responses Tweets that mention Times Square Strategy Session – Web Startups and Customer Development « Steve Blank -- Topsy.com , on November 16, 2009 at 7:20 am Said: [.]

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www.entrepreneur.com

SEPTEMBER 22, 2011

Franchises Franchises Home Franchise 500 Home-Based Low Cost Top New Fast Growing Top Global Biz Opportunities Franchises for Sale Franchises A Bright Forecast for a Solar Panel Installation Franchise. Million in Venture Capital. How to Estimate Startup Costs. Young Entrepreneurs How I Did It: The TOMS Story.

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abovethecrowd.com

JULY 10, 2014

Consider the following example from 34 years ago that included the exact same type of prediction error: “In 1980, McKinsey & Company was commissioned by AT&T (whose Bell Labs had invented cellular telephony) to forecast cell phone penetration in the U.S. AAA estimates that the average annual cost of owning a car is $9,000.

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Up and Running

AUGUST 21, 2017

To put that benchmark in context, the latest estimates place the total number of businesses operating in the U.S. VCs don’t expect any serious corrections to valuations in 2017 and they seem to be taking financial discipline in later-stage companies more seriously, valuing unit economics over “growth at any cost.”.

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Silicon Valley Venture Capital Valuation Later Stage 86

Both Sides of the Table

OCTOBER 1, 2009

So what is driving the new energy in the remaining venture capital firms when we kept hearing how much the whole industry was “against the ropes?&# … 1. You can’t get paid for sitting on the sidelines – I always tell people that when recessions start managers in large companies get rewarded for cutting costs.

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Up and Running

MAY 23, 2016

The software was sold based on installation cost running on local servers for enterprises—which was very, very expensive. While it’s useful to be able to have a sales forecast and expense budget early on, it’s not something you need until you’ve validated your idea. Circle back and create a more detailed forecast.

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Up and Running

MAY 15, 2018

Whether you are hoping to expand a small business with a loan or going for a round of venture capital, you will need a scalable business model. This means being able to increase profits without increasing costs at an equal (or higher) rate. Your business plan also needs to have a realistic financial forecast.

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SBA Angel Investor Technical Review Startup 84

Steve Blank

DECEMBER 7, 2010

Business schools teach aspiring executives a variety of courses around the execution of known business models, (accounting, organizational behavior, managerial skills, marketing, operations, etc.). What are your hypotheses around customer acquisition costs? If non-web, build demand creation budget and forecast.

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Wiki Lean Management Business Model 319

Steve Blank

OCTOBER 1, 2009

Top management was trying to coordinate all of the operating details (sales, manufacturing, distribution and marketing,) across all the divisions and the company almost went bankrupt that year when poor planning led to excess inventory (with unsold cars piling up at dealers and the company running out of cash.)

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Up and Running

AUGUST 12, 2015

I am here to talk about LivePlan and give you some big picture information on business planning, forecasting, how to really kick your business off in the best possible way. How much startup capital are you going to need. Budgeting and forecasting, it’s not rocket science. You can’t forecast. Good morning.

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Forecast Video Business Plan United States 60

Growthink Blog

FEBRUARY 15, 2017

And when I read on Monday that the movie topped the box office charts with over $90 million in ticket sales on its opening weekend (against a production cost of only $80 million!), For accountants, it could be selling predictive analytic and "Big Data" tools to help clients better forecast sales and cash flow.

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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). Either way, it’s a good idea to break your costs into two distinct types of spending.

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Elevator Pitch Software Review SBA Business Plan 166

The Startup Magazine

FEBRUARY 8, 2022

When the first microwave oven hit the market in 1955, it cost roughly $12,000 in today’s dollars; today you can pick one up for $64 on Amazon. Gartner forecasts 51% of global knowledge workers will be remote by the end of 2021. billion actively use the internet worldwide – 59.5% of the global population.

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Artificial Inteligence Technical Review Global Technology 137

www.forentrepreneurs.com

FEBRUARY 2, 2010

The company has just missed its quarterly revenue forecast. Working backwards means looking at the components that make up Profitability: Profits (EBITDA) = Revenue – Cost of Goods Sold – Expenses So to focus the management team on driving profitability, we should also track and measure Revenue, CoGS, and Expenses. Obvious, isn’t it?

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Metrics Design Entrepreneur Startup 55

Steve Blank

AUGUST 27, 2009

Combined with product costs, an engineering budget, and schedules, this results in a spreadsheet that faintly resembles the first financial plan in the company’s business plan. If the startup is to be backed by venture capitalists, the financial model has to be alluring as well as believable. Ortho kills.

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Silicon Valley Product Startup RSS 272

Hunter Walker

JULY 18, 2022

But you need to remain great and investable while also managing your costs, extending your runway, tightening your operating plan, and so on. Do you understand your cost structure and can you manage to a forecastable growth rate. Do you understand your cost structure and can you manage to a forecastable growth rate.

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Valuation Cap Table Startup Later Stage 117

David Teten

JUNE 6, 2011

My rough notes follow: Mike Dubno , CIO, Global Markets and Research Technology & Operations, Bank of America. BROWN: Cost of managing a data store is negligible. FRIED: Non-structured operations on data are as least as powerful as structured operations. y depreciated hydroelectric dams, to lower our electrical costs.

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Up and Running

SEPTEMBER 20, 2016

Facebook, Apple, and Microsoft all started in garages or dorms, and didn’t raise money until later on when they were ready to scale up operations. Additionally, startup costs for technology companies are extremely low. See Also: 17 Venture Capital Blogs You Should Be Reading. Your time is better used elsewhere.

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Women Entrepreneurs Can

SEPTEMBER 15, 2019

Upfront costs for startups can be extremely expensive, and a term loan is especially useful to finance your expansion efforts. Do your homework by doing a revenue forecast. After some time in the game, the need for expanding the team to cater to more customers becomes vital to bigger business operations.

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Due Diligence Forecast Finance Bankruptcy 40

Seeing Both Sides

AUGUST 16, 2012

After a few weeks of watching no click throughs, Kaufer executed his second pivot: a cost per click model (now known as CPC). When the company saw that user reviews were getting all the traffic, they adjusted to focus on user reviews, such that fresh, authentic content was always available and didn’t cost the company any money to produce.

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