Startup Professionals Musings

MARCH 4, 2016

The good news is that everyone expects entrepreneurs to make mistakes, since founders explore uncharted territory. Forecast revenue growth that defies business principles. Forecasts that exceed 10 percent of a large opportunity in the first five years rarely happen and will likely disappoint you and your investors.

Intellectual Property 120

Intellectual Property Startup Forecast Angel Investor 120

Hearpreneur

OCTOBER 10, 2023

We asked entrepreneurs and CEOs about having a business plan and here is what they had to say. #1- That way you can focus on what's important and not worry about whether or not your marketing strategy or product development process makes sense. Thanks to Jason Williams, Automate Your Life ! #7-

Business Plan 143

Business Plan Jordan Entrepreneur Florida 143

Startup Professionals Musings

APRIL 12, 2010

The challenges stem from the simple fact that every entrepreneur is starting something new, where things are predictably unpredictable. There are unknowns at every turn, leading product development, attracting customers, managing cash, and dealing with human resources and office politics. Marty Zwilling.

Advisory Board 125

Advisory Board Startup Forecast Early Stage 125

YoungUpstarts

NOVEMBER 9, 2016

Lucintel forecasts that the beauty industry globally will grow at a rate of 3.4 Serial entrepreneur Samar Singla is the founder of Click Labs , a technology solution provider with 5+ years of industry experience in developing enterprise grade solutions with focus on mobility.

Demand 138

Demand Software Review Technical Review SMS 138

The Startup Magazine

JUNE 4, 2024

Entrepreneurs face overwhelming challenges, from market competition to financial management. It involves budgeting, forecasting, and efficient use of resources. Investment in Growth: Allocate funds strategically to areas that promote growth, such as marketing, product development, and talent acquisition.

Technical Review 146

Technical Review Agile Audience Employee 146

Hearpreneur

FEBRUARY 8, 2023

As an entrepreneur, joining organizations or networking groups can allow you to connect with like-minded people who can provide you with information and support, and refer customers to you. The Young Entrepreneur Council (YEC) is an exclusive group for business owners under the age of 40. Thanks to Jonathan Tian, Credit Yelp ! #4-

Community 115

Community Architecture Entrepreneur Networking 115

Up and Running

MAY 23, 2016

To give you a better idea of what entrepreneurs in this industry are thinking about during each phase of the startup process, I interviewed SaaS entrepreneurs from all over the world, including our own COO Noah Parsons. Noah has been a key figure in the making of LivePlan, our own SaaS product. One-Page Business Pitch Template.

Software Review 74

Software Review Software Delaware Forecast 74

Up and Running

JULY 6, 2016

To explain the difference, let’s take me as an example: I’m a software entrepreneur, and, in recent years, a member of an angel investment group. I get involved in detail when the group is looking at startups in software, web, mobile apps, or financial forecasting.

Technical Review 72

Technical Review Software Review Business Plan Development Team Review 72

Steve Blank

JANUARY 21, 2010

By now, the board has a good sense of the skill set of the CEO and executive team as entrepreneurs. What makes the current evaluation hard is that is based not on an assessment of what they have done, but on a forecast of what they are capable of becoming. What’s Next.

Agile 120

Agile Development Team Review Leadership Merger 120

Steve Blank

MAY 7, 2009

In exchange, these VCs/companies get early looks at new deal flow and offer aspiring entrepreneurs feedback and advice on their business plan. For those of you who don’t know, business plan competitions are held by universities who get their students to enter and compete to see who has the best business idea.

Business Plan 160

Business Plan Silicon Valley RSS Venture Capital 160

YoungUpstarts

MAY 28, 2013

If you are considering taking up the reins and becoming your own boss here are our top tips for female entrepreneurs. Xu manages a dedicated team of marketing and business development professionals as well as a product development division and customer care program. Get planning. Choose an area you are passionate about.

Entrepreneur 191

Entrepreneur America Social Media Forecast 191

Steve Blank

AUGUST 27, 2009

This series of posts is a brief explanation of how we’ve evolved from Product Development to Customer Development to the Lean Startup. The Product Development Diagram Emerging early in the twentieth century, this product-centric model described a process that evolved in manufacturing industries.

Silicon Valley 271

Silicon Valley Product Startup RSS 271

Startup Professionals Musings

MARCH 21, 2022

If every entrepreneur could predict the future, starting the right new business would be easy. Gronbach is well-known for his generational research and keen forecasting of societal trends. These shifts are independent of technology innovations, but certainly will drive the application of key product developments.

Architecture 258

Architecture Forecast Demand Technology 258

Steve Blank

SEPTEMBER 3, 2009

This post describes how the traditional product development model distorts startup sales, marketing and business development. The Use of a Product Development Model to Measure Sales Using the product development diagram for startup sales activities is like using a clock to tell the temperature.

Customer Development 229

Customer Development Developer Silicon Valley Customer 229

Startup Lessons Learned

FEBRUARY 7, 2013

Last May, I shared the news that long-time Lean Startup advocates Brant Cooper and Patrick Vlaskovits were working on a new book called The Lean Entrepreneur featuring illustrations by FAKEGRIMLOCK. The Embrace infant warmer was developed - by getting out of the country -- and how Rob Emrich learned and scaled his non-profit, Road of Life.

Lean 167

Lean Entrepreneur San Francisco Agile 167

Spencer Fry

MAY 2, 2014

Anyone who works in product development will know that ten months is an eternity. Unfortunately, it’s just the nature of product development — and especially so when you’re working with part-time people —that deadlines are missed and work takes much longer than you expected. I’m glad I held out, though.

Bootstrapping 57

Bootstrapping Revenue Product Development Forecast 57

Up and Running

JANUARY 24, 2023

Payroll often makes up a large portion of a business’s expenses, so it’s important to spend some time working on this portion of your forecast. That’s OK and the exact reason why you should work on a personnel forecast. It’s OK for your personnel forecast to have a mix of teams and individuals.

Forecast 84

Forecast Cost Salary Employee 84

Up and Running

OCTOBER 8, 2015

I fell victim to a trap that plenty of entrepreneurs fall into every day: I fell in love with a product idea. Back in the late 2000s, my team and I came up with what we thought was a great idea for a product. Instead, we built a product first (that’s expensive!) So, don’t be like most entrepreneurs (including me!)

Marketing 60

Marketing CTO Hire Forecast Finder 60

Hearpreneur

OCTOBER 20, 2017

Besides the general focus on customer and product development, an entrepreneur should foresee the next moves that will serve to guide him on the right path.When an entrepreneur can forecast his next moves, even his/her employees become part of the moves the business makes. 7- Several forecasts.

Forecast 75

Forecast Artificial Inteligence Entrepreneur SEO 75

Growthink Blog

SEPTEMBER 13, 2017

The dream of every entrepreneur is to build a company successful enough so as to one day be able to attract a buyer to and for it. Putting out there as to what our financial results will be , and why - in the form of well-documented and reasoned financial forecasts. So as to reap a financial harvest and windfall.

Harvest 48

Harvest IP Software Review Forecast 48

Startup Professionals Musings

JUNE 16, 2019

If every entrepreneur could predict the future, starting the right new business would be easy. Gronbach is well-known for his generational research and keen forecasting of societal trends. These shifts are independent of technology innovations, but certainly will drive the application of key product developments.

Architecture 209

Architecture Forecast Demand Technology 209

Startup Professionals Musings

OCTOBER 12, 2010

Products: You obviously can’t create value without a viable product (or service) to sell. This section of your Venture Value Scorecard should summarize the important advances you have made recently in research and product development. His website is [link].

Intellectual Property 223

Intellectual Property .Net Valuation Distribution 223

Startup Lessons Learned

JULY 13, 2009

Lessons Learned by Eric Ries Monday, July 13, 2009 The Principles of Product Development Flow If youve ever wondered why agile or lean development techniques work, The Principles of Product Development Flow: Second Generation Lean Product Development by Donald G. Reinertsen is the book for you.

Product Development 153

Product Development Developer San Francisco Product 153

YoungUpstarts

MAY 16, 2018

Schramm, author of “ Burn the Business Plan: What Great Entrepreneurs Really Do “ If I asked you to describe the prototypical successful entrepreneur, you may share a story mythologized in our culture of a brilliant young man with an idea so good and so disruptive that he just can’t waste any time finishing college.

Silicon Valley 157

Silicon Valley Forecast Venture Capital Incubator 157

Berkonomics

NOVEMBER 7, 2024

Careful about “hockey stick” forecasts. Later stage investors sometimes look for less, since the business has already proven its capability to stay in the game and has already completed its product development cycle, eliminating more risk for the investor. How much money can you get?

Hockey Stick 62

Hockey Stick Liquidity Event Valuation Balance Sheet 62

Startup Professionals Musings

JUNE 14, 2017

If every entrepreneur could predict the future, starting the right new business would be easy. Gronbach is well-known for his generational research and keen forecasting of societal trends. These shifts are independent of technology innovations, but certainly will drive the application of key product developments.

Architecture 144

Architecture Forecast Demand Technology 144

Steve Blank

OCTOBER 1, 2009

Sloan put in place GM’s management accounting system (borrowed from DuPont) that for the first time allowed the company to: 1) produce an annual operating forecast that compared each division’s forecast (revenue, costs, capital requirements and return on investment) with the company’s financial goals.

Silicon Valley 184

Silicon Valley United States RSS Customer Development 184

Up and Running

FEBRUARY 10, 2021

Beyond understanding your business strategy, investors will also want to understand your financial forecasts. As entrepreneur and investor Steve Blank likes to say, “No business plan survives first contact with a customer.”. Your financial forecast should help you figure this out. Financial forecasts. Financial Plan.

Business Plan 138

Business Plan Forecast Balance Sheet Exit Strategy 138

The Startup Magazine

MARCH 7, 2024

Plan Long Term It seems obvious that every company should have a business plan, yet experiencing sudden growth can affect these plans and too many entrepreneurs are eager to leap ahead without considering how it could affect the business. So, how can you avoid the dreaded crash and burn that has plagued so many enterprises? You want to soar.

Startup 145

Startup Forecast Social Media Cost 145

YoungUpstarts

MARCH 28, 2017

Too often, entrepreneurs don’t give themselves enough time to get a viable product to market. Most backers lack experience with product development, manufacturing, and distribution. Double your forecast. Once you’ve forecasted how long production and development will take, multiply that by two at the very least.

Campaign 100

Campaign Forecast Distribution Reputation 100

Up and Running

OCTOBER 10, 2018

Business advisors, experienced entrepreneurs, bankers, and investors generally agree that you should develop a business plan before you start a business. She might benefit from developing a simple sales and expense forecast , maybe even a profit and loss , so she can plan how to use and develop her resources.

Startup 114

Startup Forecast Lean Balance Sheet 114

Startup Lessons Learned

JULY 6, 2011

And others are from unusual folks we don't normally think of as entrepreneurs, from corporate managers to government agencies. Anyone who is trying to innovate without knowing what's going to happen is an entrepreneur, their venture is a startup. Some are from famous companies that you've heard of, like Dropbox or Groupon.

Lean 167

Lean Startup Metrics Private Equity 167

Tim Keane

JUNE 13, 2006

A budget discussion with an entrepreneur. In other words, if you are forecasting 100 orders in the next quarter, at $10,000 each, I’d ask how many potential orders there are in the market, whether there is any existing competitive experience, and how you derived your timing. A budget discussion with an entrepreneur.

Wisconsin 60

Wisconsin Entrepreneur Startup Angel Investor 60

Up and Running

JULY 26, 2016

1x hacker in charge of product/development. 1x hipster working with both product and growth. See Also: A Complete Guide to Forecasting Sales for Your Monthly Subscription (SaaS) Business. If you’re able to get a hang of it, however, it can become a strong and close to free distribution channel for your product or service.

Revenue 60

Revenue Channel Acquisition Campaign 60

Up and Running

FEBRUARY 12, 2022

It has less focus on financial forecasting and a greater focus on the big picture. Entrepreneurs are always thinking about the future. Successful entrepreneurs do actually predict the future — they know what customers are going to want and when they’re going to want it. Successful entrepreneurs are also often wrong.

Business Plan 83

Business Plan Lean Forecast Exit Strategy 83

Up and Running

MAY 22, 2013

According to a study by global consulting firm Accenture, “ Times are hard when it comes to new-product development. Half the companies in our survey experience budget overruns in new-product development. Launching the new product to the market will be a critical milestone for a small company or entrepreneur.

Product 75

Product Marketing Forecast B2B 75

Up and Running

SEPTEMBER 20, 2016

It seems like a common trend with first-time tech entrepreneurs—and even some more experienced entrepreneurs—to think of fundraising as a required step in the process of starting a technology company. Product development. It’s estimated that for experienced entrepreneurs, it can take up to three months of full-time work.

Startup 60

Startup Early Stage Channel Forecast 60