article thumbnail

10 Business Model Components Required In Every Plan

Startup Professionals Musings

There are dozens of sources to help you construct your business model, and a good example is a classic book by venture capital investor Elizabeth Edwards, simply named “ Startup ,” which is really designed as a handbook for launching a company for less. Common choices include manufacturing in-house, outsourcing, off-the-shelf parts.

Sales 102
article thumbnail

7 Modern Day Business Strategies For Long-Term Growth

Startup Professionals Musings

Trade shows and conferences can produce hundreds of new qualified leads for your business, as well as build relationships with industry leaders, outsourcing vendors, and potential partners. You need to evaluate the tradeoffs of getting investment capital from angel investors and crowdsourcing.

article thumbnail

5 Crowdfunding Approaches To Tempt Every Entrepreneur

Startup Professionals Musings

According to a recent article on Thrinacia , there are now aver 600 crowdfunding platforms in existence, currently estimated to add more than $89 billion to the economy at a compound growth rate of 17% from 2019 to 2022. Other popular sites for startups, including StartupNation and Startups.co