Startup Professionals Musings

SEPTEMBER 16, 2023

The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Building a minimum viable product, with customer validation. Before you bring on partners, develop intellectual property, raise capital, or generate revenues, you need to establish an official business entity.

Entrepreneur 104

Entrepreneur Startup Social Media News 104

Startup Professionals Musings

JUNE 18, 2023

Finally you create and document your recipe (business plan). If you can’t identify customer interest, it doesn’t matter how good your product is. Don’t be afraid to test your ultimate entree on customers. This means find some hungry people who would love a good dinner, and be willing to pay for it. Make them “feel the love.”

Startup 112

Startup Coach Metrics Marketing 112

Startup Professionals Musings

APRIL 30, 2023

Risk level has always been directly correlated to the number of unknowns, so eliminating even one variable will improve your odds: Eliminate one aspect of research and development. Market research can thus be based on real customers and a previously tested market. Capitalize on the lessons from early adopters and competitors.

Social Media 92

Social Media Study Research Satisfaction 92

Startup Professionals Musings

DECEMBER 13, 2019

It’s always tempting to think that more product variations will satisfy more customers and lead to new sales. Some chaos is normal in every new business, but many wait far too long before they install metrics based on “best practices,” and fail to attack obvious bottlenecks with a vengeance. Use multiple small orders at first.

Outsource Development 122

Outsource Development Outsource Metrics Technical Review 122

Startup Professionals Musings

NOVEMBER 28, 2020

The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Building a minimum viable product, with customer validation. Before you bring on partners, develop intellectual property, raise capital, or generate revenues, you need to establish an official business entity.

Tips 161

Tips Startup Social Media News 161

Startup Professionals Musings

AUGUST 8, 2020

Risk level has always been directly correlated to the number of unknowns, so eliminating even one variable will improve your odds: Eliminate one aspect of research and development. Market research can thus be based on real customers and a previously tested market. Capitalize on the lessons from early adopters and competitors.

Startup 157

Startup Social Media Study Research 157

Startup Professionals Musings

SEPTEMBER 21, 2020

Finally you create and document your recipe (business plan). If you can’t identify customer interest, it doesn’t matter how good your product is. Don’t be afraid to test your ultimate entree on customers. This means find some hungry people who would love a good dinner, and be willing to pay for it. Make them “feel the love.”

Startup 156

Startup Coach Metrics Marketing 156

Startup Professionals Musings

AUGUST 1, 2021

In his classic book on building a business, “ Traction: Get a Grip on Your Business ,” Gino Wickman, a similar experienced business consultant and developer of the Entrepreneurial Operating System (EOS), outlines five common frustrations that we both hear from entrepreneurs, as follows: You are the boss, but you don’t have control.

Entrepreneur 174

Entrepreneur Search Engine Optimization Satisfaction Social Media 174

Startup Professionals Musings

OCTOBER 3, 2016

Sets goals and milestones, with metrics to track progress. Good implementers document and communicate long-term goals, and translate them into daily action items. They define metrics for each goal, and diligently track themselves against these metrics. Focus all initiatives around value to your customers.

Entrepreneur 106

Entrepreneur Satisfaction Metrics Ideas 106

Startup Professionals Musings

SEPTEMBER 30, 2023

Document and communicate a solid business plan. Innovative technologies require iterative development, while other ideas are primarily marketing and financial. These relationships must be nurtured over time, balanced against your personal life, and grow to include major customers, competitors, and potential acquirers.

Startup 94

Startup Ideas Metrics Entrepreneur 94

SoCal CTO

MARCH 11, 2013

If you do build the MVP and show it to them, they will ask you about your metrics. They really want metrics, not a product. The real question you should be asking is "When I've built this product and show you the following metrics, would you invest?"

Metrics 264

Metrics Venture Capital News Product 264

Both Sides of the Table

SEPTEMBER 10, 2021

What used to be an “A” round in 2011 is now routinely called a Seed round and this has been so engrained that founders would rather take less money than to have to put the words “A round” in their legal documents. We can’t wait for customers to use the product for 12–18 months and do customer interviews or look at purchase cohorts.

Venture Capital 471

Venture Capital Writing Invest Pricing 471

InfoChachkie

SEPTEMBER 23, 2013

For this reason, startups who perform Pilots have failed the Business Development Idiot Test. Thus, startups must quickly determine which prospects are most likely to purchase in the near term and focus their energy on delivering these prospective customers an incredible experience. product, geography, customer segment, etc.).

Sales 215

Sales Outsource Development Metrics Resource 215

Startup Professionals Musings

MAY 24, 2015

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solution development and delivery. Typically some production and delivery is outsourced, requiring formal contracts and documentation.

Outsource Development 99

Outsource Development Startup Competition Ideas 99

Startup Professionals Musings

MAY 28, 2016

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solution development and delivery. Typically some production and delivery is outsourced, requiring formal contracts and documentation.

Ideas 62

Ideas Outsource Development Startup Competition 62

Startup Professionals Musings

NOVEMBER 4, 2019

In my experience, the key steps I look for always include the following: Testing the idea against customers who have money to spend. I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there.

Ideas 94

Ideas Slides Technical Review Patents 94

Startup Professionals Musings

MAY 4, 2014

Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Develop your business plan. Product development process. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. Customer service and support.

Startup 107

Startup Outsource Development Training Outsource 107

Startup Professionals Musings

DECEMBER 8, 2018

Finally you create and document your recipe (business plan). If you can’t identify customer interest, it doesn’t matter how good your product is. Don’t be afraid to test your ultimate entrée on customers. This means find some hungry people who would love a good dinner, and be willing to pay for it. Make them “feel the love.”

Startup 81

Startup Coach Metrics Marketing 81

Startup Professionals Musings

SEPTEMBER 3, 2018

Risk level has always been directly correlated to the number of unknowns, so eliminating even one variable will improve your odds: Eliminate one aspect of research and development. Market research can thus be based on real customers and a previously tested market. Capitalize on the lessons from early adopters and competitors.

Startup 65

Startup Social Media Study Research 65

Startup Professionals Musings

NOVEMBER 4, 2016

Finally you create and document your recipe (business plan). If you can’t identify customer interest, it doesn’t matter how good your product is. Don’t be afraid to test your ultimate entrée on customers. This means find some hungry people who would love a good dinner, and be willing to pay for it. Make them “feel the love.”

Entrepreneur 93

Entrepreneur Startup Coach Metrics 93

socalTECH

SEPTEMBER 20, 2010

Jackson, CEO and co-founder of CapLinked (www.caplinked.com), which is developing tools to help entrepreneurs and investors connect. Eric is also author of the book The PayPal Wars: Battles With Ebay, the Media, the Mafia, And the Rest of Planet Earth , where he documented that experience.

Southern California 243

Southern California Entrepreneur Software Review Yammer 243

Startup Professionals Musings

JULY 30, 2014

Risk level has always been directly correlated to the number of unknowns, so eliminating even one variable will improve your odds: Eliminate one aspect of research and development. Market research can thus be based on real customers and a previously tested market. Capitalize on the lessons from early adopters and competitors.

Technology 103

Technology Entrepreneur Study Research 103

Startup Professionals Musings

JANUARY 31, 2013

Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Develop your business plan. Product development process. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. Customer service and support.

Outsource Development 92

Outsource Development Training Outsource Metrics 92

Startup Professionals Musings

AUGUST 19, 2016

An initial revenue surge, or a major cash advance from investors often leads to a mentality of building a large customer base at any cost. As the business grows, it pays to learn how to use automated financial tools, and review the key financial metrics daily. Failure to follow-up on customer receivables delays.

Startup 57

Startup Training Entrepreneur Customer 57

Startup Professionals Musings

AUGUST 21, 2016

Risk level has always been directly correlated to the number of unknowns, so eliminating even one variable will improve your odds: Eliminate one aspect of research and development. Market research can thus be based on real customers and a previously tested market. Capitalize on the lessons from early adopters and competitors.

Technology 57

Technology Startup Study Research 57

Startup Professionals Musings

MAY 4, 2016

The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Building a minimum viable product, with customer validation. Before you bring on partners, develop intellectual property, raise capital, or generate revenues, you need to establish an official business entity.

Startup 61

Startup Social Media News Tool 61

Startup Professionals Musings

JUNE 3, 2015

In his classic book on building a business, “ Traction: Get a Grip on Your Business ,” Gino Wickman, a similar experienced business consultant and developer of the Entrepreneurial Operating System (EOS), outlines five common frustrations that we both hear from entrepreneurs, as follows: You are the boss, but you don’t have control.

Entrepreneur 111

Entrepreneur Search Engine Optimization Satisfaction Social Media 111

Startup Professionals Musings

MAY 9, 2016

Most begin by doing the product development, marketing and sales alone, but struggle making the transition to hiring and coaching others, defining repeatable processes and focusing on future strategy. Now you have real customers who can quickly turn off hundreds of potential customers if you ignore their feedback.

Social Network 59

Social Network Startup Demand Entrepreneur 59

Both Sides of the Table

FEBRUARY 20, 2019

Why you should set up a board at the seed round of funding I know these days with SAFE documents and rolling convertible notes many founders prefer not to set up a board early on. If your metric move immediate up-and-to-the-right? If the angel board member is hugely valuable you can always keep them on the board at your discretion.

Startup 236

Startup Venture Capital Tips Capital 236

Startup Professionals Musings

SEPTEMBER 7, 2011

Develop your business plan. Product development process. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. Customer service and support. Write down the key elements of your business plan very early, and keep it current as things evolve. Funding process.

Startup 102

Startup Outsource Development Writing Training 102

Startup Professionals Musings

FEBRUARY 6, 2017

Yet these same entrepreneurs often quickly get set in their ways, and find themselves resisting changes to their own business, and begin to fear further customer change in their domain. The constituents of every business success go far beyond customers – they include employees, partners, investors, vendors, and may even include competitors.

Press 56

Press Tool Metrics Startup 56

Startup Professionals Musings

OCTOBER 12, 2010

It’s human nature to prioritize the metrics that get measured, so the simple act of keeping track is often enough to have a significant positive impact. 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].

.Net 89

.Net Metrics Competition Template 89

Startup Professionals Musings

AUGUST 1, 2010

Develop your business plan. Product development process. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. Customer service and support. Write down the key elements of your business plan very early, and keep it current as things evolve. Funding process.

Startup 95

Startup Outsource Development Writing Training 95

Startup Professionals Musings

JUNE 4, 2016

In his classic book on building a business, “ Traction: Get a Grip on Your Business ,” Gino Wickman, a similar experienced business consultant and developer of the Entrepreneurial Operating System (EOS), outlines five common frustrations that we both hear from entrepreneurs, as follows: You are the boss, but you don’t have control.

Search Engine Optimization 55

Search Engine Optimization Satisfaction Entrepreneur Social Media 55

Tech Zulu Event

MARCH 16, 2015

And when it comes to timing, wait until you’ve come up with a working prototype and developed your product before you seek external funding. This can be a great way to test your product and get customer feedback. Think of it as a business development process and plan for your raise to take up to 6 months. Crowdfunding.

Startup 40

Startup Venture Capital Equity Funding 40

Berkonomics

NOVEMBER 5, 2020

What happens to careful planning, sure-fire metrics, quality test scenarios, market research, a good business plan – all in place before pulling the trigger of a new opportunity. Cowboy coding in software and Internet development. And who is right here? In the software and Internet arenas, there is a term for this: “cowboy coding.”

Artificial Inteligence 156

Artificial Inteligence Metrics Ideas Email 156

socalTECH

JUNE 25, 2012

introNetworks is still going strong and has some of the biggest customers in the world, like NASA and McCann World Group. They had been recommended as a preferred provider for Facebook application developers, but it didn't work. We're working on how quickly we can provision servers, and what those metrics are, and it's been fantastic.

Social Media 203

Social Media Startup Tool LAMP 203