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Creating a marketing plan

The following is the result of an interview with Bethan Vincent, Managing Partner of Open Velocity, about marketing an early product. Bethan is a former University of York student who …

Earlyvangelists

‘Earlyvangelist’ was a term coined by Steven Blank, a thought-leader in the start-up space, in his seminal book, The Four Steps to the Epiphany (Source). In the book, Blank said: …

Targeting

Once you have finished prototyping and have a commercially-ready product or service, it’s time to find some paying customers. A common business mistake that many business owners can make is …

Forecasting

The key thing here is to consider the fact that you will be very likely to need to borrow money to make your company a reality. If you’re risk-averse or …

Cash flow

In order to survive and grow, businesses need money. However, ‘money’ is often used as a catch-all phrase, which has multiple layers and facets. Without over-complicating, or using unnecessary jargon, …

Money matters

Often, the money aspect is overlooked until it’s too late. A clear plan from the outset is essential not only because funds are finite – but also because having the …

Why (or why not) not get a patent?

As mentioned previously, a patent is a document that stops competitors from making, using or selling your invention (without permission or a licence, of course). Patents are a great way …

What is IP?

Mandatory disclaimer: This information is intended as a guide and not advice. Please speak to an independent legal advisor about your own unique, specific circumstances! Having an innovative product or …

Launching and growing

So, here we are… bringing everything together in the final week! The last week considers some of the legal and financial matters which you will want to learn about before …

Relationships

You don’t have to do everything yourself. In fact, you will find that involving other expertise will likely save you money and effort in the long term, and it can …

Lean Canvas

The Lean Canvas Model is outlined here. Alongside your Cash Flow Forecast, the Canvas Model is a useful resource to show investors so they can find out what your company …

Blueprinting

The Blueprint Model is practical, fun, inspiring and daunting all at the same time! After creating your blueprint you’ll have a much clearer sense of what you can do next, …

Perception mapping

Where do you fit? Have a look at the diagram below. You can see how two customer ‘wants’ are drawn along the X and Y axis. Now take your competition …

Making your mark

There are many misconceptions in business, many of which put people off ever trying to start their own. Ayush explains how you can define your business by developing your market …

A successful pitch

Airbnb is an American company that operates an online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities. The company has a fascinating origin story and you can …