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Elements of a Strong Business Plan

Napkin Think Force yourself to summarize your idea on the back of a cocktail napkin. Don’t submit your plan until you have this level of clarity. Team Who will occupy the leadership roles in your company, why are they the best players for the task at hand, and how will they go about building an agile, customer-focused culture? If you believe that an advisory board or governing board will help you grow your dream team, we may be able to help you find the right people. Pain What problem are you trying to solve? Solution Why is your solution superior to competitors, who are the key competitors, what differentiator will propel your solution to break through and achieve broad adoption? Customer Acquisition Too many early stage businesses fail to fully explain their methods and costs of acquiring customers. Business Model Show us the near and long-term value of a customer, how you earn revenue, and your growth projections over at least a three-year period. Capital Efficiency Financials Final Answer? Words Related:  tech toolsandrewleduc88

Writing a Business Plan : Startup Ideas : Sequoia Capital : US Writing a Business Plan At Sequoia we like business plans that present a lot of information in as few words as possible. The following business plan format, within 15–20 slides, is all that’s needed... read We like business plans that present a lot of information in as few words as possible. Company purpose Define the company/business in a single declarative sentence. ProblemDescribe the pain of the customer (or the customer’s customer). SolutionDemonstrate your company’s value proposition to make the customer’s life better. Why now Set-up the historical evolution of your category. Market sizeIdentify/profile the customer you cater to. Competition List competitors List competitive advantages Product Product line-up (form factor, functionality, features, architecture, intellectual property). Business modelRevenue model Pricing Average account size and/or lifetime value Sales & distribution model Customer/pipeline list TeamFounders & Management Board of Directors/Board of Advisors

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Developing new startup ideas cdixon.org – chris dixon's blog If you want to start a company and are working on new ideas, here’s how I’ve always done it and how I recommend you do it. Be the opposite of secretive. Create a Google spreadsheet where you list every idea you can think, even really half-baked ones. Then take the spreadsheet and show it to every smart person you can get a meeting with and walk through each idea. Every conversation will contain some signal and some noise. 1) Employees at relevant big companies. 2) VCs. 3) Potential customers. 4) Entrepreneurs. Even though I have no intention of starting a new company for a long time (if ever), I still keep my idea spreadsheet and update it periodically. * Thanks to James Cham for inspiring & contributing ideas to this post!

Small Business News & Resources | Intuit Small Business Blog How to Create an eBook the Open Source Way By Bryan Behrenshausen Astute readers will have noticed that we’ve begun publishing our "Open Voices" eBooks in the ePub format. Now, some of our best essays and interviews are available as lightweight and portable files, and can be read on any electronic reading device that supports this open standard. And who better to undertake the task of converting our library than your friendly opensource.com intern? Our task This guide explains one method for creating electronic books ("eBooks") in the ePub format using open source tools available on most popular computing platforms. ePub is the International Digital Publishing Forum's open standard for digital book publishing, and most major electronic reading devices support it (except for the Kindle—sorry, Amazon fans!). The method I outline here reflects two desires: to create open eBooks in open formats using open tools, and to avoid unnecessary complication by involving as few of these tools as possible. You will need Alright. Applying styles

What Makes an Entrepreneur (2/10) – Street Smarts I started the series talking about what I consider the most important attribute: Tenacity. 2. Street Smarts - OK, so you’re a tenacious person – you never give up. Well obviously that’s meaningless if your startup idea sucks. I don’t think it takes book smart people to build great companies – sometimes it’s a hindrance. Because they’re street smart, most great entrepreneurs tend to prefer getting out and talking with real customers rather than sitting in a cubicle all day doing beautiful PowerPoint slides. I often tell people that I’m looking for people that weren’t born with a silver spoon in their mouths. If I were writing about the most important attributes of a VC (hmmm) one of the things that would make my list is “ability to spot patterns.” So I had written this whole series the week of Thanksgiving, but virtually every day I wake up and see examples. He asked each sales / biz dev person to call customers and tell them they had to change their contracts.

How to Write a Business Plan, Free Sample Business Plans, Templates, & much more. The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects. We believe that preparing and maintaining a business plan is important for any business regardless of its size or nature. But it will not ensure your success. If you maintain a correct assessment of the changing economics of your business, your plan will provide a useful roadmap as well as a financing tool. Since the My Own Business, Inc. course is broken down into fifteen of the most important topics to consider in starting or operating a business, your business plan can easily be organized into this same format. We suggest that you fill in each section of the business plan, found at the end of each session, as you proceed through the course. Search engines, libraries and bookstores provide sources that sell ready-made plans for specific businesses. Avoid optimism.

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business schema How to Crowdfund, Resources, & Tools for Kickstarter, Indiegogo | Harness the Crowd Should I Find a Co-founder or Start a Business Alone? Photo: Pepe I’m always hearing about “founder dating” events that entrepreneurs attend to find co-founders. I’m guessing these events have worked out for some people, but like relationships, I prefer matchmaking to be more organic. Some famous co-founders, like Steve Jobs and Steve Wozniak (Apple Inc.), Bill Gates and Paul Allen (Microsoft), or Mark Zuckerburg and his three co-founders (Facebook), met organically. On a similar note, there are many non-technical entrepreneurs in the tech space who are looking for technical co-founders. I thought about trying to raise money, but I feel very fortunate that someone advised me to learn how to program for the web instead of raising money. With StudyMode, one of our co-founders (Todd Clemens) entered the company nine years after we started the business. These types of examples lead many to the question, “is it better to start a business alone or with a co-founder(s)? You’re the sole decision maker.

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