I'm Steve Morris and for more than a decade I've been helping entrepreneurs understand how to start a new business at a startup incubator - the Oregon Technology Business Center in Beaverton, Oregon. Our startups have gone on to raise more than $85 million in grant and investor funding.
Most of those companies were founded by first-time entrepreneurs, so I have a lot of experience with first-time-entrepreneur questions. When you start a company for the first time, there's so much that's a mystery. When you have a startup idea - where do your start? What are the first steps in starting a business? And how does the whole startup process work?
On this RU-vid channel, I'll leverage my experience starting companies and working with hundreds of entrepreneurs to provide practical startup help - ranging from customer discovery to through team building and startup funding. My goal is to reduce some of the mystery and help more entrepreneurs launch successful startups.
This is exactly what I was looking for! I am starting up again after closing business during Covid. My business adviser gave me a "home work" to do Balance Sheet, Budget Sheet and Projections. So, I am studying your videos and take notes by following transcripts. I would like you to know that your teaching style is so good that I am hopeful that I would be able to do it successfully this time around. Sending you a good energy and my gratitude for making a difficult subjects learnable. 🙂
Hi, Thank you, you've made so clear & simple. I have a question : is this process helping you to elaborate your value proposition statement or does it come after ? and if you have different segment are taking their commun traits to work on the value proposition canvas. Thank you
VIDEO SUMMARY: 00:00 The purpose and steps of outlining revenue streams - Helps to test hypotheses in the business model canvas - Involves four questions: how, who, how, and what to charge 0:55 How will you charge? - One-time or recurring fees, with or without support contracts - Asset sale, usage fee, subscription, renting, licensing, brokerage, or advertising 02:17 Who will you charge? - Freemium model: free users and premium users willing to pay for upgrade - Social media model: users and advertisers paying for ads 03:16 How will you price? - Fixed pricing: list price, feature based, customer segment, or volume based - Dynamic pricing: negotiation, time and availability, supply and demand, or auction 05:27 What is your price? - Customer preferences, competitive differentiation, positioning strategy, cost structure, and perceived value.... -> mark up from cost (to be profitable), mark down from customer perceived value (to be attractive), mark with competitors (to position and differentiate)
Can anyone help with suggesting a video that addresses equity shares when buying and operating a franchise? Where there is a financial investing partner and another partner is investing time running the company
I would add as #11 commercial loans from a bank. I have a meeting with my banker next Tuesday, and my expectation is they will allow/require additional collateral (e.g. rental property or my residence).
Hi Steve, Im loving your videos! I went to your site and was disappointed you don't have the road map page posted anymore, any chance i could get the resources?
Thank you, Steve. I need this information for my podcast network, the World Podcast Network. This is a great explanation on such a SAFEs, CAPs, and discounts. A little confusing, but I am sure I will eventually get it. I am preparing a pitch deck now and am on the Ask slide, so your explanation was clear. Now, I need to determine the numbers.
i had a mentor and shared my idea she saif there is two sides of business creative and administration, i got the creative side meaning the value goals and marketing and design and image but i lack the administration, finance, managmaent pricing and outcourcing thats why i came here
Looking for a technical cofunder who understands how to build and maintain mobile applications. For a logistics and e-commerce company. We have been in existence for the past 5 years and we are planning to disrupt the African market and USA in the future.
Thank you so much for the thorough and understandable training. I purchased the spreadsheet and it is significantly more valuable than the nominal fee!
how are Safes recorded if not in the cap table or in the accounting system as debt? what if 6 months go by and Fonder has died who knows of the safe if it's not recorded? When money is deposited what is it called for accountants and lawyers?
These are good questions for your accountant - but here is my non-accountant understanding. Typically, a SAFE is treated as a Forward Contract - a contract to purchase equity in the future, and as such would appear as a liability on your balance sheet. On the other hand, it might be treated as an equity, especially in the case of a post-money SAFE and especially if a conversion event is imminent such that there is a fairly clear expectation as to what percent of the company will be obtained at conversion.
I was a minor at the time I was a co-founder of a company that has now grew to one of the most successful companies that in my view has literally changed the w😂ld ! I was told that some heavy weights were after the company and were going to screw me out of my % that had been agreed t on a contract we all signed with an attorney present at the time . The co. Was acquired due to a leverage buyout. I signed another contract stating that I was the one who created the name of the co. (Trademark) that is now one of the largest global brands ever. ❤ what can I do to find my stake in the company that surely may have never came to be if it weren't for my role played in the startup of the company?
