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By PDGACO GaballaLoans
Where else I write
Tag Archives: Business model
What is an angel investor?
Following the launch of the Plains Angels this week, I have had several people ask me what an Angel Investor is. According to the Angel Capital Association: An angel is a high net-worth individual who invests his or her own … Continue reading
Posted in Financial Models
Tagged Angel Capital Association, Angel investor, Angelsoft, Business, Business model, Business plan, Cash flow, Entrepreneur, Executive summary, Finance, financial model, Financial plan, financing your start-up, Investment, Investor, Planning, Revenue, Small business, Start-up, startup, Startup company, Venture capital
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Let go or be dragged
So the other day I was getting ready for yoga class when one of my classmates told us about something she saw on Facebook. Someone, I do not know who, posted “Let Go or Be Dragged” on their … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Cash flow, Employment, Entrepreneur, Executive summary, Expense, financing your start-up, Investment, Marketing, Marketing and Advertising, Marketing plan, Planning, Revenue, Small business, Startup company, Value proposition
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The paradox of a new idea
Recently I drove by a closed restaurant. It had been a steakhouse most recently. I thought about how tough it would be to compete against the other steak houses in the area and wondered if that was why it … Continue reading
Posted in Financial Models
Tagged Accountancy, Business, Business model, Business plan, Entrepreneur, Finance, financial model, Financial plan, financing your start-up, German, German language, Groupon, Marketing, Marketing and Advertising, Marketing plan, Planning, Restaurant, Small business, Startup company, Steakhouse, Value proposition, Wikipedia, Yahoo
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Do not compete on price, unless…
There was an interesting article about a new start-up company called AutoSlash in the New York Times this past weekend. AutoSlash says they will get you the best price on a car rental by constantly checking for better deals even … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Car rental, Cash flow, Customer, Entrepreneur, Finance, financial model, financing your start-up, Hertz, Marketing, Marketing and Advertising, New York Times, Planning, Revenue, Small business, Startup company, Transportation, United States, Value proposition, Walgreens
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You get what you measure for
I was taught that saying many years ago. You get what you measure for. If you measure only for profit, you may have fewer but profitable sales. If you measure for sales volume, you may not get the profit … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Cash flow, Customer, Customer satisfaction, Customer Service, Entrepreneur, Finance, financial model, Financial plan, financing your start-up, Gross margin, Investment, Marketing, Marketing and Advertising, Measurement, Planning, Return on capital, Revenue, Small business, Start-up, Startup company
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What your business culture says about your business
Ok, restaurants again. As you can tell, I eat out – alot. I was at the local Applebees in Ankeny the other evening. It is a favorite place of mine. The food is good but not the reason I go … Continue reading
New owners are at a disadvantage…don’t make it worse
It is truly a disadvantage to be a new business owner. To start with, you are an unknown to most potential customers. You probably do not have a long list of referral accounts or a line of customers out your … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Consulting, Entrepreneur, Finance, financial model, Financial plan, financing your start-up, Hiscox, Liability insurance, Marketing, Professional liability insurance, Revenue, Small business, Start-up, Startup company, United States
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The staircase approach to building a business
Stand at the base of a set of stairs, 10 to 15 steps will do. Now get ready and leap to the top! That is what many entrepreneurs attempt to do when starting a business. Unfortunately most do not have … Continue reading
“Let’s deal with it later…” No, let’s not.
A guy comes up with a business idea. It is a pretty good idea. He starts working on it. The idea takes hold. Others start encouraging him. Customers begin to say a tentative “yes” to his offer. The guy gets … Continue reading
What failure can teach you.
Image by RodBegbie via Flickr At the Technology Association of Iowa’s Pitch and Grow 5 gathering last week, I participated in a panel discussion on failure. Any successful entrepreneur will tell you that failure is part of being an entrepreneur … Continue reading
Make the customer’s life easier. Tell them the price!
Price gets in the way of doing business. For those who have sold for a living, you could probably each write a book about getting around the price issue. Yet for most businesses this is a self-inflicted wound. Today, the … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Cash flow, Customer, Entrepreneur, Finance, financial model, Financial plan, financing your start-up, Free shipping, Launchpad, Lawyer, Marketing and Advertising, Revenue, Small business, Start-up, Startup company
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Too much on your plate?
We all have a lot on our plates these days. Everyone I talk to responds “Busy!” to the question, “How are you?” It is a good sign that people are busy. The economy is improving. Business is picking up for … Continue reading
Bumper tag and business: how to not get customers
I was getting on the interstate the other day. The intersection I was at had a dual left turn lane and a two-lane on-ramp. I am in the left lane with some cars behind me. Suddenly, a very large four … Continue reading
When insanity overtakes reality in the start-up world
Image via Wikipedia There is a point when insanity or passion overtakes reality in a start-up. Here are my top ten indicators this has happened: 10 – The entrepreneur completes their answer to each question with “then BOOM, it happens!” … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Cash flow, Entrepreneur, financial model, Financial plan, Startup company
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Ban the words “I”, “Me”, “My”, and “We” from your vocabulary
Image via Wikipedia Get rid of these words when you are discussion your product. Replace them with “They”, “The customer”,”The target market”. The hard truth is your opinion does not matter to the customers or the market. In many cases … Continue reading