Remove Competition Remove Customer Remove Resource Remove Technical Review
article thumbnail

6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

So before you decide to move your manufacturing, software development, or call center out of town, make sure you understand the following considerations: Don’t give someone else control of your competitive advantage. Saving cost won’t help you if you can’t make the daily innovations required to stay competitive.

article thumbnail

Eano’s Stella Wu is not your typical construction tech startup founder

TechCrunch LA

Construction tech startups are poised to shake up a $1.3-trillion-dollar As more people spent time at home last year due to the COVID-19 pandemic, the startup saw its contract revenue spike by 5x, Wu says. Eano, she said, offers competitive and transparent pricing so that homeowners aren’t surprised as a remodeling project goes on.

Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Key Principles To Prepare For Invading A New Market

Startup Professionals Musings

I’ve learned over the years that you need to start with specific goals, a focused strategy , and a motivated and prepared team in order to penetrate competitive defenses. They assume their innovation will overwhelm any competition, anywhere. Capitalize on territory the competition has not penetrated.

Marketing 125
article thumbnail

6 Mindset Factors Turn Constraints Into Opportunities

Startup Professionals Musings

Most new business owners I know feel the challenges of not enough time, money, and resources, and see these as problems rather than a competitive advantage. People respond to positives, such as new growth, versus problems implying costs and loss of customers. This also applies to key customers as well as strategic partners.

Resource 111
article thumbnail

8 Strategies For Sustaining Momentum In Your Startup

Startup Professionals Musings

Every new business I know dreams of building momentum in their business, where growth continues to increase, customers become your best advocates, and employee motivation is high. Unfortunately, with limited resources, this isn’t possible, and it frustrates customers and the team. Focus on the mainstream customer majority.

article thumbnail

8 Priorities When Offering A New Product Or Service

Startup Professionals Musings

Every one of you business owners I know periodically introduces new products and services to sustain growth, fight off competitors, or take advantage of new technologies. Customers won’t buy what they can’t find or don’t understand. Customers need supporting approvals to fully benefit. Incent these early.

Product 141
article thumbnail

7 Ways To Validate Your Business Idea Before Starting

Startup Professionals Musings

Some analysis and due diligence along the following lines should be performed on every idea, as a reality check, before committing your efforts and other people’s money to building a business: Look for places where competitors are few. Don’t forget to consider customer alternatives, like trains versus airplanes.

Ideas 106