Remove Article Remove Competition Remove Entrepreneur Remove Outsource
article thumbnail

7 Business Mistakes Serial Entrepreneurs Never Make (Twice)

InfoChachkie

As an entrepreneur, I helped create companies which achieved two IPOs and two trade sales totaling $385 million. Hopefully this article and the accompanying six-minute video will help you avoid learning these mission-critical lessons the hard way. Thus, you have negotiating leverage as long as a legitimate, competitive threat exists.

article thumbnail

7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. You have no shelf life, so you can’t make money while you sleep.

Startup 111
Insiders

Sign Up for our Newsletter

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

article thumbnail

7 Success Factors When Your People Are The Solution

Startup Professionals Musings

With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. You have no shelf life, so you can’t make money while you sleep.

Startup 174
article thumbnail

Entrepreneurs Confuse Product and Business Plans

Startup Professionals Musings

Enough detail is required so that someone else can build it without you (outsourcing). Competition analysis. Here is where you pick a few of these, characterize what they do, and position your own product to show your competitive advantage. Market research and competition. Market research. Development and rollout.

Product 93
article thumbnail

Non-Technical Entrepreneurs Need the Right Partner

Startup Professionals Musings

I often hear the qualms of business-smart but non-technical entrepreneurs, wondering if they really have a chance in this high-technology marketplace. Here the principles of finding any top executive apply, as I’ve covered in a previous article. Outsource your technical requirements.

article thumbnail

Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

As an entrepreneur and startup investor, I have helped create companies which achieved two IPOs which collectively raised over $100 million, as well as two acquisitions which totaled $385 million. However, it is my hope that this article will help you avoid learning the following lessons the hard way. 8 ) Grant Exclusivity.

Startup 242
article thumbnail

Stealth Mode Is Bull$hit

InfoChachkie

A version of this article previously appeared in Inc. A Wantrepreneur is a well-intentioned person who wants to be an entrepreneur. They enjoy discussing their startup ideas and revel in the positive social status afforded entrepreneurs. Not surprisingly, wantrepreneurs enjoy operating in perpetual stealth mode.