Part 3 Business strategies, models and plans
Part 3 gets into some very meaty topics that are essential to understand to make your startup succeed and grow. You must get these topics right early on, because if you don’t, your startup is likely to be a statistic in the wrong way. The anecdotes in this part are as follows:
- Your business model: The beating heart of your business
- Getting to a minimum viable product with lighthouse customers
- Product–market fit: Making sure the dogs will eat your dog food
- Go-to-market: How to make your business viable and grow
- A formal business plan in 10 steps
- Burn rate and runway—or, where is the edge of that cliff?
- Achieving cash-flow positive: A startup’s Holy Grail
- Your startup’s valuation: Up up up (hopefully)