Remove Competition Remove Design Remove Patents Remove Pricing
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8 Key Startup Drivers Bring Pleasure As Well As Sweat

Startup Professionals Musings

You have figured out how to undercut your competitor’s price, and still hold your margin. Love that sustainable competitive advantage. Working on that unique design, or completing the breakthrough for an innovative patent, are moments of inspiration that you will never forget, especially if they become your competitive edge.

Startup 160
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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep. Capture your “secret sauce.”

Startup 111
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10 Business Model Components Required In Every Plan

Startup Professionals Musings

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. Competition. Investors look for a sustainable competitive advantage, like a patent. What is the need you fill or problem you solve? Revenue model.

Sales 102
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7 Success Factors When Your People Are The Solution

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep. Capture your “secret sauce.”

Startup 174
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How Deka Sounds Is Using 3D Printing For Your Next Bluetooth Headset

socalTECH

There''s been a revolution in the last few years with the dropping price and increasing accessibility of 3D printers--those devices which let you print practically anything using just your own personal computer, 3D software, and a special printer. What''s your competitive advantage against others in the headset/accessories market?

Startup 241
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5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

His challenge is to focus on one market, with a specific design, cost, and price. Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. I have tried to convince him the general idea alone does not make a business. Yes, there are a lot of bridges to cross.

Ideas 126
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The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

If electricity could be transferred like WiFi but as safe as a soundwave we use on pregnant women’s bellies and at a price-point that was attractive this is a multi-billion market. Did anybody hold patents that would prevent us from using this technology? Could we produce this at cost? We hired OSHA regulatory lawyers.