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Every New Venture Needs A Product And A Business Plan

Startup Professionals Musings

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners.

Product 112
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5 Preconditions for Success in Spawning a New Venture

Startup Professionals Musings

A documented business plan for the new venture is critical here. Incubating is not enough; successful new ventures must be quickly scaled to stay ahead of competition and show a level of acceptance by customers as well as your financial executives. Don’t count on friends and family, crowdfunding, angels, or other external investors.

Incubator 143
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Practice The Art Of The Pivot Before The Next Crisis

Startup Professionals Musings

It happens on the front end for startups to get traction, and then again later for every company as the economy, competition, and culture changes around them. Real change demands new goals based on new market realities. “Pivoting” is changing a fundamental part of your business model. Reinvent the vision for change.

Course 127
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Why Smart Entrepreneurs Build Plans For Their Startup

Startup Professionals Musings

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners.

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10 Real World Hazards With Taking Your Startup Public

Startup Professionals Musings

There is no accommodation for smaller public companies, who can’t be competitive in their space with the new accounting, documenting, and reporting processes required. Most just don’t enjoy all the challenges of communicating to analysts, placating demanding stockholders, and keeping up with legal reporting requirement.

Startup 98
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How to Have a Winning Career, Despite Constant Change

Startup Professionals Musings

The question is how we develop our future role and potential, while satisfying all the business and personal demands on our time today. I believe these insights can and must be extended to you and your career, in line with the following guiding principles: Make your interest in learning your competitive advantage.

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8 Steps To Starting A New Venture With Limited Funds

Startup Professionals Musings

On the other hand, everyone is doing it, so that means more competition, and the market and technology are changing faster than ever before. Prepare a pitch deck to document and share your plan. In addition, global scaling will likely require additional investors, who will demand to see real revenue and customer demand.

Funding 73