Remove Angel Remove Competition Remove Ideas Remove Patents
article thumbnail

6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

Intellectual property is required for a competitive edge. You may think that patents and copyrights are not required, since your products are so innovative, but you will find that competitors are quick to copy your idea if you don’t protect it. Strategic planning is a required ongoing investment. Neither is good.

article thumbnail

8 Potential Entrepreneur Assists From Your Alma Mater

Startup Professionals Musings

Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. Other project and research reports in their library are a rich source of new ideas, if you are still looking for a place to start.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Common Startup Mistakes That Are Rarely Admitted

Startup Professionals Musings

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm. Not every great idea is a viable business. Dreamers come up with ideas, and do-ers come up with businesses.

Startup 124
article thumbnail

8 Entrepreneur Mistakes That Turn Off Real Investors

Startup Professionals Musings

After many years of working with angel investors seriously trying to find new ventures worthy of their hard-earned money, I find their frustration often exceeds that of entrepreneurs sincerely looking for financial help. They are not interested in research and development, or funding at the idea stage. Lack of intellectual property.

article thumbnail

10 Popular Business Strategies That Most Often Fail

Startup Professionals Musings

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm. Not every great idea is a viable business. Dreamers come up with ideas, and do-ers come up with businesses.

Startup 174
article thumbnail

8 New Venture Smarts That You Can’t Afford To Ignore

Startup Professionals Musings

A while back I received a discouraging note from an entrepreneur with a patent and a medical software application who couldn’t find a dime of investment, and was grousing that seed funding just wasn’t available anymore. Too many people still believe the urban myth that you can sketch your idea on a napkin, and people will throw money at you.

article thumbnail

8 Ways Your Old School Can Energize Your New Venture

Startup Professionals Musings

Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. Other project and research reports in their library are a rich source of new ideas, if you are still looking for a place to start.

Class 124