Are you an entrepreneur looking to establish a SaaS-based business model but don’t know where to begin? This article may provide some insight into a valuable asset called a business plan. What is a Business Plan? Entrepreneurs often hear people tell them they need a business plan; you can’t live without a business plan. If…
Mobile Applications – Millions of people are investing in the thriving Mobile App Industry but the problem is that they are entering into the industry that is already over-saturated with businesses that are just like the one they envision. The lack of wins in the mobile app industry is due to the availability of a…
Franchise vs Startup Business- Based on history, a struggling economy encourages entrepreneurship. This leads to a significant increase in a new startup business. The decision to start a business usually winds down to either going at it alone or buying a franchise.
What is Venture Capital? In venture capital, investors provide startup companies and small business that they believe have a long-term growth potential with finances. The venture capital comes from investors that are well-off, investment banks, and other financial institutions. It can be in a form of monetary, technical, or managerial expertise. For the investors who…
Lean Startup methodology offers best practice in order to innovate at great speed in the face of dynamic market forces and the external disruption. Lean Startup methodology is about using minimal resources to maximize impact at the fastest pace possible.
An angel investor is an individual that invests in a new or small business venture by providing capital for start-up or expansion. These investors have spare cash available and look for a higher rate of return than they would get from more traditional investments. They typically expect a 25% or more return.
Lean Canvas is a one-page business plan template which helps break down the idea into basic assumptions in order to make it easily readable and editable. It was designed by Ash Maurya specifically for startups. It is target-specific and integrates small and large businesses effectively. It addresses wider customer problems and their respective solutions.
ICO-An Initial Coin Offering commonly referred to as an ICO is a fundraising mechanism which has gained popularity recently. In an ICO, new projects raise fund by offering company created crypto tokens. An ICO is similar to Initial Public Offering (IPO) in which investors purchase shares of a company.
What is a financial model? A financial model is a tool which is built to forecast a business financial performance into the future. The forecast is based on the company’s historical performance and assumptions about the future. An income statement, balance sheet, cash flow statement and supporting schedules known as the 3 statement model is…
A sales plan is a critical tool which helps set goals and identify where and how work should be done to generate revenue. It is a strategy that helps identify the potential customers, establish goals, and to lay out sales and marketing tactics needed to meet the goal. Sales goal of a company defines what they are trying to achieve and what their focal point of the business is on. Individual goals for salespeople are established based on their skills, knowledge, and abilities. In the sales plan, the potential avenues of contact should be identified such as media advertisement, classified listing, or direct mail.