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Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.
Here’s Why You Should Just Send the Deck I know you have your document sending tool to send your fund-raising deck to VCs and track who read your deck, which pages they read and how much time they spend on each page. Competition isn’t won or lost by your marketing decks?—?it’s it’s won by how you innovate and by how you execute.
I’m writing this post to make sure you’re all on that same playing field. One of our core tasks was “market analysis,&# which consistent of: market sizing, market forecasts, competitive analysis and then instructing customers on which direction to take. 18% of all errors come from people using the wrong documents.
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.
Packaging, pricing & discounts – In the early days of my first company we always had “list prices&# we quoted to customers and of course we were always willing to negotiate based on who the client was, how important the business was to us, who the competition was and how well the deal was negotiated. We called it PUCCKA.
I’m writing this post as part of my series with Advice on Raising Venture Capital but will file it under Sales Tips as well since it applies equally to both scenarios. tip: write it down when asked / parked). Let me write that down.&#. - Congratulations. Do you mind if I answer that a little later in the presentation?
With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. You have no shelf life, so you can’t make money while you sleep.
Patents held by startups generally have a limited ability to reduce competition. There is a common misconception that an idea can be protected by documenting it, placing it in an envelope and then mailing it to yourself. How can IP be worthless to a startup yet very worthwhile to a BDC? Know Thou Prior Art.
When to get a lawyer - If you plan to be a venture or angel backed technology company (what I mostly write about) the best time to start meeting and getting to know lawyers is long before you ever start your company. I write about some of the lessons in my post on Startup Mistakes. But make it competitive.
Included in a business plan are financials, competitive landscape, marketing plans, and projected sales to name a few. But it’s a valuable document for you. Studies found that people who write plans are more likely to put their goals in action and increases your likelihood of success. assess past performances.
A business plan is the outward facing definition of the business you hope to drive with your hardware solution, with a hardware overview in the intro to highlight customer value and competitiveness. Call out your top competitors, highlighting your sustainable competitive advantage, including patents, trade secrets. and trademarks.
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. This is the norm and unless you have a hugely competitive round it’s not worth fighting. I actually think having a formal board can really help you.
My experience is that the discipline of documenting a plan will improve your likelihood of addressing all the right issues , as well as finding the right partner or investor. Prepare a business plan 20-page document. This section is especially important if you intend to attract outside investors or strategic partners.
By Mahesh Raj Mohan Writing a business plan can be a difficult process. Even if you know your product/service suite down cold, understand the strengths/weaknesses of the competition, and have built pro forma financials that are sane. you still have to write the plan for a particular audience. Hi, I’m writing this plan because.”
A business plan is an “outward facing” document for external investors, or for C-level executives within your own company. Competition analysis. Here is where you pick a few of these, characterize what they do, and position your own product to show your competitive advantage. Market research and competition.
With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. You have no shelf life, so you can’t make money while you sleep.
Stegmaier recommends that you start by writing a regular blog, joining a few related campaigns, building a high-quality video, and completing up to a hundred additional lessons before you even launch your own project. Startups need to build a large passionate group of fans before the campaign.
A business plan is an “outward facing” document for external investors, or for C-level executives within your own company. Competition analysis. Here is where you pick a few of these, characterize what they do, and position your own product to show your competitive advantage. Market research and competition.
Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Write down the key elements of your business plan very early, and keep it current as things evolve. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones.
Even when your startup is a one-man show, you will soon find that you are “out of control,” unless you start organizing and writing down how and when key things need to get done. Write down the key elements of your business plan very early, and keep it current as things evolve. But having no process does not make you more competitive.
With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. You have no shelf life, so you can’t make money while you sleep.
Even when your startup is a one-man show, you will soon find that you are “out of control,” unless you start organizing and writing down how and when key things need to get done. Write down the key elements of your business plan very early, and keep it current as things evolve. But having no process does not make you more competitive.
Technologies are not solutions, but understanding a technology, in the context of a customer need, will result in more competitive and long-lasting solutions. The act of communicating and writing enhances learning.
Most advisors will tell you to write the business plan first (20-30 pages), then distill the key points into a set of Microsoft PowerPoint slides for standup presentations to potential investors. Competition and sustainable advantage. List and position your competition, or alternatives available to the customer.
Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Write down the key elements of your business plan very early, and keep it current as things evolve. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones.
Technologies are not solutions, but understanding a technology, in the context of a customer need, will result in more competitive and long-lasting solutions. The act of communicating and writing enhances learning.
9) In Getting The Band Back Together , I write about the power of serial Founding teams. Who do you view as your biggest competition? How has your history with Jason Spievak , Colin Kelley and the rest of the former CallWave team shaped and benefited the company? You’re right.
Technologies are not solutions, but understanding a technology, in the context of a customer need, will result in more competitive and long-lasting solutions. The act of communicating and writing enhances learning.
Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. Forcing yourself to write down a plan is actually the only way to make sure you actually have a plan. It’s also the keystone to convincing investors that you have a “sustainable competitive advantage.”
Stegmaier recommends that you start by writing a regular blog, joining a few related campaigns, building a high-quality video, and completing up to a hundred additional lessons before you even launch your own project. Startups need to build a large passionate group of fans before the campaign.
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. Opportunity segmentation and competitive environment. No mention usually means no plan and not competitive. The details can be added later.
With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. You have no shelf life, so you can’t make money while you sleep.
Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. Forcing yourself to write down a plan is actually the only way to make sure you actually have a plan. It’s also the keystone to convincing investors that you have a “sustainable competitive advantage.”
Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. Forcing yourself to write down a plan is actually the only way to make sure you actually have a plan. It’s also the keystone to convincing investors that you have a “sustainable competitive advantage.”
I’m not suggesting that formal legal documents are always required, but agreements without some paper or email trail are easily forgotten or misconstrued. Trade secrets need to be documented and dated, and business plans labeled as confidential. Reality check first your sizing of the opportunity, competition, and margins.
With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. You have no shelf life, so you can’t make money while you sleep.
A business plan is an “outward facing” document for external investors, or for C-level executives within your own company. Competition analysis. Here is where you pick a few of these, characterize what they do, and position your own product to show your competitive advantage. Market research and competition.
Here are some tips which will signal traction to investors, as well as your team: Document your business plan. Forcing yourself to write down a plan is actually the only way to make sure you actually have a plan. It’s also the keystone to convincing investors that you have a “sustainable competitive advantage.”
Technologies are not solutions, but understanding a technology, in the context of a customer need, will result in more competitive and long-lasting solutions. The act of communicating and writing enhances learning.
I was happy to see a real focus on preparing for tomorrow highlighted in a new book, “ Start a Successful Business ,” by Colleen DeBaise, who has made a career of studying and writing about entrepreneur challenges. Regularly follow reviews and influencers in your industry.
Stegmaier recommends that you start by writing a regular blog, joining a few related campaigns, building a high-quality video, and completing up to a hundred additional lessons before you even launch your own project. Startups need to build a large passionate group of fans before the campaign.
I often write about the best strategies for startup fundraising or how to manage startup financing and optimize for growth. Whether it’s something as extensive as filing patents, more simple trademark registrations, and or putting appropriate documentation in place, don’t ignore this and don’t rely on boilerplate online templates.
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