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10 Business Model Components Required In Every Plan

Startup Professionals Musings

There are no “overrides” – for example, businesses don’t thrive just because they offer the latest technology, or because everyone wants to be “green,” or because their goal is to reduce world hunger. A target market is the group of customers that the startup plans to attract through marketing and sales their product or service.

Sales 102
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Another personal story: Timing is everything in a sale.

Berkonomics

After presenting a “state of the company” report at a national meeting of resellers for a company where I sat on the board, I was approached by one of the audience members, complimenting my presentation and stating, “I have a problem. Could I have found a better example of “Timing is everything”? The background for my story.

Sales 120
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What’s the minimum information to give your investors?

Berkonomics

Summarizing income statements with a line for revenues, cost of revenue, general and administrative expenses, sales and other direct costs – all leading to net income, would satisfy the legal requirement for statement of income and expense. Requirements created by investment documents.

Class 120
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Is asset-based lending for you?

Berkonomics

Often, the lender then tracks the pledged assets until money is received or inventory sold, expecting repayment from the proceeds of sale. One example of asset-based finance would be purchase order financing. Handling the reporting for such loans often require some amount of dedicated time. Email readers, continue here.]

Report 166
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Timing is everything in a sale of a business.

Berkonomics

After presenting a “state of the company” report at a national meeting of resellers for a company where I sat on the board, I was approached by one of the audience members, complimenting my presentation and stating, “I have a problem. Could I have found a better example of “Timing is everything”? The year was 1998.

Sales 149
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How much information do you give to investors?

Berkonomics

Summarizing income statements with a line for revenues, cost of revenue, general and administrative expenses, sales and other direct costs – all leading to net income, would satisfy the legal requirement for statement of income and expense.

Class 202
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Test Your Business Model Against These 10 Elements

Startup Professionals Musings

There are no “overrides” – for example, businesses don’t thrive just because they offer the latest technology, or because everyone wants to be “green, or because their goal is to reduce world hunger. A target market is the group of customers that the startup plans to attract through marketing and sales their product or service.

Sales 97