By Mark Sheffield, Principal
Entrepreneurs of the past wrote a long business plan, developed a product over one or two years, and hoped they could sell it. Today, because change is so rapid, flexi-planning is the best practice. This is called pivoting, which is evaluating and changing strategies and tactics every three months as necessary. Iterative and incremental development is a best practice to insure continuous improvement especially in technology and software companies. It is common now to see original ideas transform into final applications that are irrelevant to the original vision. Companies that react to something that doesn’t work by leveraging the technology into something different often find a second or third life for their start-up. (more…)
By: Mark Sheffield, Principal
It’s not business as usual in 2015. Best practices for an emerging business to succeed have changed. Today’s keys to success are different, even compared to five or ten years ago. That’s because the playing field has completely changed. The business environment has utterly transformed. Here are five ways the system has changed. (more…)
By Mark Sheffield, ASL Principal
The value of the Executive Summary is two-fold:
- It crystallizes your business in your mind and will give you confidence and focus.
- It will give you a crisp and concise business overview that a potential funder, partner, team member, or other key player can grasp in 5 minutes.
ASL Principal Pam Hedblad is speaking to women business owners at a teleseminar about using financial systems for future business planning on July 13th. The teleseminar is part of an ongoing program, Engage! 2011!, jointly presented by the National Association for Women Business Owners San Francisco and Silicon Valley chapters. The program consists of a series of teleseminars, webinars, and live programs taking place from March to September. Those interested can register on NAWBO’s website.