Startup Professionals Musings

APRIL 29, 2023

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

Startup Training Services Writing 111

Startup Professionals Musings

FEBRUARY 14, 2021

This raises a big red flag with potential investors, who conclude that no competitors means no market, or you haven’t looked, and the new startup is likely not investable. Competition for your new hydrogen fuel auto engine is not limited to other hydrogen auto engine offerings, or even other autos. Investors check connections.

Competition 166

Competition Funding Startup Patents 166

Startup Professionals Musings

MARCH 10, 2023

Even if you are not requesting outside funding, I would expect a clear process for sourcing and managing the investment you plan to apply. Show that you have a process to hire, fire, and train others as required. No mention usually means no plan and not competitive. Hobbies are developed ad-hoc, driven by personal needs.

Outsource Development 115

Outsource Development Startup Competition Ideas 115

Startup Professionals Musings

AUGUST 3, 2020

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

Startup Training Services Writing 174

Tech.Co

FEBRUARY 21, 2018

Phoenix communities are celebrating because JPMorgan Chase has made several local charitable investments to support underserved entrepreneurs and small businesses with the goal of creating jobs and spark a growing economy. The post JPMorgan Chase Invests $2.2 In addition to this excitement, JPMorgan Chase announced another $1.1M

Invest 70

Invest Entrepreneur News Tips 70

Startup Professionals Musings

OCTOBER 29, 2010

One of the most important questions you will be asked by potential investors is how your solutions beats the competition, not just today, but over the three to five year life of their investment. The concept is called “sustainable competitive advantage.” That implies competitive now, and the potential to stay in the lead.

Competition 89

Competition Patents IBM IBM 89

Both Sides of the Table

NOVEMBER 2, 2010

As a founder, when you’ve been dealing with these kinds of objections for a couple of years it becomes natural and you easily handle objections on price, product & competition without much thought. And the only way to do that is to help them calculate the ROI (return on investment) of using your product.

Sales 289

Sales Startup Training Pricing 289

Startup Professionals Musings

OCTOBER 6, 2023

Others schedule exhaustive training sessions for everyone on the team, including showcase customers, to make sure that everyone paints a consistent picture. If there are conflicts within the team, or differing views of the strategy, or evidence of missing processes and tools, the investment process will likely be terminated.

Technical Review 118

Technical Review Startup Satisfaction Invest 118

Startup Professionals Musings

OCTOBER 16, 2023

Projecting financials is a natural extension of the homework every entrepreneur needs to do on customer opportunity size, product costs, pricing, competition and customer value. Calculate investment amounts and timing. Project your cash burn rate to keep at least 18 months between venture capital or angel investments.

Startup 116

Startup Pricing Sales Statistics 116

Startup Professionals Musings

JUNE 18, 2023

In all cases, don’t skip the basic training. All the investment money in the world won’t make your company succeed, if you have the wrong team. investors invest in people, not ideas) Effective and timely go-to-market. Show return on investment, growth rates, and market penetration. Make them “feel the love.”

Startup 112

Startup Coach Metrics Marketing 112

Startup Professionals Musings

SEPTEMBER 16, 2022

Hire and train your own managers for internal and external work projects. Adapting to culture goes both ways, and training is the key. You will need to invest more in training your own team, and increase your capital budget for new hardware and software. Recognize and embrace differences. Don’t get caught off guard.

Outsource Development 138

Outsource Development Outsource Summary Training 138

Startup Professionals Musings

JUNE 7, 2020

Even if you are not requesting outside funding, I would expect a clear process for sourcing and managing the investment you plan to apply. Show that you have a process to hire, fire, and train others as required. No mention usually means no plan and not competitive. Hobbies are developed ad-hoc, driven by personal needs.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Startup Professionals Musings

DECEMBER 10, 2022

Another example is Facebook , maintaining motivation with food, stock options, collaborative office space, an on-site laundry, and a competitive atmosphere that fosters personal growth and learning with great benefits. Investors have long agreed that you invest in the team, more than the product. Practice every day what you preach.

Examples 145

Examples Mentor Activity Product 145

Startup Professionals Musings

MARCH 13, 2022

That’s why venture capital investors often replace startup CEOs as a condition of their scale-up investment. That’s why so many startups plateau after gaining some initial traction, and are run over or acquired by their competition. At best, they hire “helpers” rather than help, and are too busy to train the helpers.

Startup 147

Startup Competition Entrepreneur Training 147

Startup Professionals Musings

MAY 28, 2021

No formal training courses. Larger enterprises are always sending their “high fliers” to leadership refreshers, new technology updates, and training on employee performance management. The result is a sinking feeling after some time that you are no longer vital and competitive in your own domain. Personal wealth management.

Startup 152

Startup Training Entrepreneur Course 152

socalTECH

DECEMBER 23, 2019

We have invested in 13 companies out of our Fund 1 so far and are more bullish than ever on the amazing entrepreneurs we are meeting and the companies we are helping them build. Due to this, seed rounds have become more competitive, with more expensive valuations and more oversubscribed rounds. Since 2010, $6.3B READ MORE>>.

Capital 100

Capital Technical Review Truecar Venture Capital 100

Startup Professionals Musings

JULY 26, 2023

I see this happening in smaller ways often, where there is minimal focus on competition. Here are some key initiatives that I recommend to every business owner and leader to stave off new competitors before they seriously impact or cause a competitive crisis in your business: Continually compare yourself to known competitors.

Metrics 71

Metrics Training Netflix Resource 71

Startup Professionals Musings

NOVEMBER 4, 2022

In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That’s why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. The industry veteran.

Technical Advisors 123

Technical Advisors Startup Outsource Development High Tech 123

Startup Professionals Musings

DECEMBER 2, 2022

Competition. Think broadly here, like planes versus trains. Investors look for a sustainable competitive advantage, like a patent. A viable and investable business model is one of the first things you need to highlight in your business plan. Test your projections against actual published reports from similar companies.

Sales 102

Sales Customer Custom Outsource 102

Startup Professionals Musings

JUNE 30, 2021

Most investors will readily admit that they invest in entrepreneur leadership, more so than innovative ideas, but they often find it difficult to separate aspiring leaders from those that are clearly extraordinary. The most effective leaders marshal existing resources and incent people to create innovative yet competitive solutions.

Coach 162

Coach Startup Resource Competition 162

Startup Professionals Musings

SEPTEMBER 21, 2020

In all cases, don’t skip the basic training. All the investment money in the world won’t make your company succeed, if you have the wrong team. investors invest in people, not ideas) Effective and timely go-to-market. Show return on investment, growth rates, and market penetration. Make them “feel the love.”

Startup 156

Startup Coach Metrics Marketing 156

Startup Professionals Musings

JANUARY 24, 2021

Others schedule exhaustive training sessions for everyone on the team, including showcase customers, to make sure that everyone paints a consistent picture. If there are conflicts within the team, or differing views of the strategy, or evidence of missing processes and tools, the investment process will likely be terminated.

Technical Review 151

Technical Review Startup Satisfaction Invest 151

Startup Professionals Musings

APRIL 18, 2021

This is the last step of the process, where surprises in the evaluation of the management team, documentation, and personnel problems can derail the investment. Others stage elaborate “training” sessions, to “assure” that everyone tells the same story. The right answer is somewhere in between. Size of the market.

Technical Review 152

Technical Review Startup Satisfaction Summary 152

Startup Professionals Musings

FEBRUARY 5, 2021

If you don’t have a destination, don’t waste your money trying to get there, and don’t expect anyone to support you along the way Projecting financials is a natural extension of the homework every entrepreneur needs to do on customer opportunity size, product costs, pricing, competition and customer value.

Startup 147

Startup Pricing Sales Statistics 147

socalTECH

JULY 9, 2019

in Pharmaceutical and Pharmacological Sciences from West Virginia University, and told us a bit about the fund, its investments, and his advice to entrepreneurs looking for investment from the company. We invest in life sciences, medical devices, but we're also a generalist investing in SaaS technologies and real estate, as well.

Venture Capital 113

Venture Capital Invest SaaS Entrepreneur 113

TechCrunch LA

MARCH 31, 2021

“The climate-oriented investment in Biden’s new plan would be roughly ten times what came through ARRA,” wrote Shayle Kann, a partner with the investment firm, Energy Impact Partners. ” Climate resiliency . Given the steady drumbeat of climate disasters that hit the U.S.

Startup 229

Startup Technical Review Invest Research 229

Tech.Co

MAY 25, 2018

BlackTech Week was created in 2014, and in four short years, they’ve gained over 2700 participants, 150 speakers, and 3 pitch competitions. BlackTech Week was created by the leadership team from Code Fever to accelerate and support the innovation of black communities through training, networks and funding. “

Startup 138

Startup Technical Review Competition Software Review 138

Startup Professionals Musings

OCTOBER 26, 2022

Every organization must constantly review its hiring practices, training, and leadership to make sure the focus is on people who are motivated, open-minded, and empowered. Discipline is required to continually track results, return on investment, and customer satisfaction. The real problem is inflexible people.

Technical Review 151

Technical Review Organization Social Media Entrepreneur 151

Startup Professionals Musings

OCTOBER 15, 2022

From an investor perspective, understanding and acting early to establish a sustainable competitive advantage, and barrier to entry, is the best assurance of a financial return. There is no substitute for experience and trained skills in the business area you are attacking. Registered patents and other intellectual property.

Entrepreneur 111

Entrepreneur Social Media Patents Mentor 111

socalTECH

DECEMBER 27, 2018

And a host of interesting companies in last mile have cropped up to give the Amazon ecosystem some competition, like two companies from the last Techstars LA class - Shipsi and PRZM. Anna Barber is the Managing Director at Techstars LA where she invests in B2B and B2C early stage startups.

Startup 124

Startup Press Commerce Southern California 124

Startup Professionals Musings

DECEMBER 11, 2019

Hire and train your own managers for internal and external work projects. Adapting to culture goes both ways, and training is the key. You will need to invest more in training your own team, and increase your capital budget for new hardware and software. Recognize and embrace differences. Don’t get caught off guard.

Outsource Development 121

Outsource Development Outsource Entrepreneur Summary 121

Startup Professionals Musings

MARCH 11, 2020

Another example is Facebook , maintaining motivation with food, stock options, collaborative office space, an on-site laundry, and a competitive atmosphere that fosters personal growth and learning with great benefits. Investors have long agreed that you invest in the team, more than the product. Practice every day what you preach.

Product 129

Product Examples Mentor Activity 129

Startup Professionals Musings

NOVEMBER 26, 2012

The founders now need a $1M Angel investment to do the marketing for a national NewCo rollout, build a team to manage the rollout, and maybe even pay themselves a salary. Assign value to all paid professionals, as their skills, training, and knowledge of your business technology is very valuable. All principals and employees add value.

Startup 108

Startup Invest Patents Outsource Development 108

Startup Professionals Musings

AUGUST 19, 2022

Bigger organizations should invest in the new “big data” tools. Through analytics on current employees, you will be able to predict re-training requirements and minimize employee turnover. Almost any startup can start with Excel, and move to open-source data analysis tools, including Python or RStudio.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Startup Professionals Musings

APRIL 2, 2021

The alternative is to create systems and processes , starting before the first customer arrives, and providing the resources, documentation, and training to every team member as they come on board. Thus I was pleased to see a new book, “ SYSTEMology ,” by David Jenyns, who was trained by the master in business strategy, Michael E.

Startup 107

Startup Training Guide Sales 107

Startup Professionals Musings

FEBRUARY 9, 2020

In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That’s why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. The industry veteran.

Technical Advisors 123

Technical Advisors Outsource Development Startup High Tech 123

Startup Professionals Musings

SEPTEMBER 2, 2018

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.

Services 72

Services Startup Training Writing 72