UVEF entrepreneur attendees were empowered today with the inside scoop on BoomStartup’ Lean Startup success.
Lean: low burn…with much less waste
Several of the BoomStartup Class of 2011 were in the audience to learn from one of dozen of notable mentors serving this year’s 10 portable companies.
Lack of customers is the #1 challenge for new businesses seeking to scale.
Kunz outlined the tremendous current free resources for entrepreneurs:
Open Source & Free Software; Development Processes & Tools; & Cloud Service & Virtualization (See OpenCrowd.com) are keys to the new environment that enables start-ups to keep costs down.
Robb discussed a real startup exploring the process drilling down on:
Key Resources, Cost Structure, Key Partners, Key Activities, Value Proposition, Customer Relationships; Customer Segment, Revenue Streams, and Channels.Share