Remove Competition Remove Patents Remove Pricing Remove Writing
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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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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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10 Common Startup Mistakes That Are Rarely Admitted

Startup Professionals Musings

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. I believe the old adage that you don’t know what you don’t know until you try to write it down. A business plan is for you first, not investors.

Startup 124
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Reduce five risks: Increase your valuation

Berkonomics

This risk can be mitigated by finding a customer willing to purchase as soon as a proven model is completed, and willing to state this in writing. And fifth: Competitive risk. . Will the public respond in numbers to buy, license or rent your offering?

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10 Popular Business Strategies That Most Often Fail

Startup Professionals Musings

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. I believe the old adage that you don’t know what you don’t know until you try to write it down. A business plan is for you first, not investors.

Startup 174
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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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Can you overcome five risks and create wealth?

Berkonomics

This risk can be mitigated by finding a customer willing to purchase as soon as a proven model is completed, and willing to state this in writing. And fifth: Competitive risk. . Will the public respond in numbers to buy, license or rent your offering?