Startup Professionals Musings

OCTOBER 9, 2020

Freelancers and consultants have to demonstrate results, without training and mentoring, so they can help you more quickly and probably at a lower total cost. Full-time employees require considerable overhead for facilities, training, severance, and benefits for performance. Prioritize demonstrated execution versus potential.

Competition 168

Competition Startup Demand Training 168

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 25, 2019

Both are required to stay competitive. Reward shorter hours of high productivity. Peer pressure keeps productivity standards high. Encourage people to work where and when they are most productive. Encourage people to work where and when they are most productive. Bring your own device to work (BYOD).

Competition 127

Competition Case Study Platform Yahoo 127

Berkonomics

APRIL 19, 2012

Professional investors laugh when they hear an entrepreneur state, “We have no competition.” Doing nothing is the main competitor for most products and services, whether a compelling new idea or a seasoned product long proven to be effective. That statement has killed more investment deals than almost any other.

Competition 189

Competition Slides Sales Ideas 189

Startup Professionals Musings

SEPTEMBER 13, 2014

As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition. Every business area has competition and every customer has alternatives, so a smart entrepreneur needs to acknowledge these as a positive in defining a big market, and position the features of a new solution in this context.

Competition 107

Competition Entrepreneur Patents Custom 107

Startup Professionals Musings

APRIL 29, 2023

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. Low cost and low margin products can be winners, if the volume is high enough.

Startup 111

Startup Training Services Writing 111

Startup Professionals Musings

OCTOBER 6, 2019

While thinking about it, I realized that it’s really not that different from the toughness required and trained into America’s elite military force of Navy SEALs, who are known to be cool under fire, able to sense danger before it’s too late, and never give up on achieving their objective. Achieve twenty times more than you think you can.

Training 87

Training Startup Entrepreneur Mentor 87

Startup Professionals Musings

AUGUST 14, 2014

In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. Competition for your new hydrogen fuel auto engine is not limited to other hydrogen auto engine offerings, or even other autos.

Competition 93

Competition Startup Patents Slides 93

Startup Professionals Musings

APRIL 21, 2023

New product process. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Training and coaching. Make sure all team members have some connection with the product – has either used it, or sold it, or assembled it. Failure is the best teacher.

Coach 137

Coach Metrics Competition Ideas 137

Startup Professionals Musings

FEBRUARY 14, 2021

In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. Competition for your new hydrogen fuel auto engine is not limited to other hydrogen auto engine offerings, or even other autos.

Competition 166

Competition Funding Startup Patents 166

Startup Professionals Musings

MARCH 10, 2023

Products and services for a business need to be attuned to customer requirements, cost and quality tradeoffs, with milestones for pricing and completion. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Show that you have a process to hire, fire, and train others as required.

Outsource Development 115

Outsource Development Startup Ideas Competition 115

TechCrunch LA

APRIL 9, 2020

The coronavirus pandemic has forced Energica to hit the brakes on production of its battery powered machines that can reach top speeds of 168 mph. The venture is also one of the few e-motorcycle companies drawing engineering tips from competition. Technology from the track is transferring to production models, according to Cevolini.

Technical Review 277

Technical Review Competition Demand Sales 277

Startup Professionals Musings

AUGUST 3, 2020

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. Low cost and low margin products can be winners, if the volume is high enough.

Startup 174

Startup Training Services Writing 174

Startup Professionals Musings

JULY 4, 2021

Waste in a startup is any activity that burns resources, but creates no value or competitive advantage in the eyes of customers. Much has been written about this subject in the world of manufacturing, stemming primarily from the 1990’s work by Taiichi Ohno, called the Toyota Production System (“Lean”). Bottlenecks to team productivity.

Startup 161

Startup Resource Training Entrepreneur 161

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

JANUARY 8, 2021

Train them fully, give them authority, make them accountable, and tie their pay to customer satisfaction. It must be understandable, written down, and verifiable, with regular measurements and metrics to make it real, benchmarked against the competition. Train and coach continuously. Train and coach continuously.

Startup 154

Startup Training Custom Customer 154

Startup Professionals Musings

OCTOBER 20, 2023

Highlight the competitive edge you bring to the market. Quantify the results, and avoid any fuzzy words, such as better usability, advanced technology, or more productivity. Keep your product focus narrow and messages clear. Proactively provide training and team member rotation. This is not a place for friends and family.

Marketing 116

Marketing Resource Training Startup 116

Startup Professionals Musings

SEPTEMBER 9, 2023

Today’s customers demand more than a good product; they expect a great customer experience. People love Apple’s whole customer experience, and willingly pay a premium for the product. Much has been written about product design, but designing the total experience from the front rarely happens yet.

Design 105

Design Customer Custom Product 105

Berkonomics

NOVEMBER 25, 2021

Will the marketplace accept your product? Is there a market for your class of product at all? If you are big enough to have a dedicated product manager, that person is a good candidate for this ongoing task, as is a marketing manager, who should be attuned to the changes in the environment. Second is product risk.

Competition 156

Competition Marketing Class Product 156

Startup Professionals Musings

NOVEMBER 5, 2022

Good managers improve focus and productivity through effective communication and coordinating disparate activities. Most experts agree that the key to worker productivity, decision making, and satisfaction, is raising their level of engagement from the currently low thirty percent range.

Outsource 133

Outsource Training Organization Social Media 133

Startup Professionals Musings

SEPTEMBER 1, 2023

The most memorable businesses, like Starbucks and Apple, no longer sell products, they sell ‘experiences’ with a product at the center. The challenge is to transform and hardwire your entire team to think in these terms, rather than the default focus on distinct towers of product quality, closing the sale, or fixing a complaint.

Customer 106

Customer Custom Startup Competition 106

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

Startup Professionals Musings

JUNE 23, 2021

Here are my recommendations for training and managing your team to keep their delivery memorable for customers, as well as profitable for your business: Hire team members who enjoy customer interaction. Provide training, tools, and required decision authority. That approach still is meaningful today.

Customer 147

Customer Custom Technical Review Metrics 147

Startup Professionals Musings

JULY 25, 2020

New product process. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Training and coaching. Make sure all team members have some connection with the product – has either used it, or sold it, or assembled it. Failure is the best teacher.

Metrics 144

Metrics Coach Social Network Competition 144

Startup Professionals Musings

DECEMBER 2, 2022

A target market is the group of customers that the startup plans to attract through marketing and sales their product or service. This segment should have specific demographics, and the means to buy your product. Production. How do you produce your product or service? How do you produce your product or service?

Sales 102

Sales Customer Custom Outsource 102

Startup Professionals Musings

JUNE 7, 2020

Products and services for a business need to be attuned to customer requirements, cost and quality tradeoffs, with milestones for pricing and completion. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Show that you have a process to hire, fire, and train others as required.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Both Sides of the Table

NOVEMBER 2, 2010

Some objections are real and they end up becoming changes to your product, your service plan or your pricing / bundling. 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.

Sales 289

Sales Startup Training Pricing 289

Startup Professionals Musings

FEBRUARY 24, 2020

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. You contract expertise rather than train employees. with experience. with experience.

Outsource 123

Outsource Startup Technical Review Training 123

Startup Professionals Musings

JUNE 25, 2023

This intent is often negated, according to new studies, by remote workers , especially parents and team members with long commutes, who are more satisfied and productive than onsite employees. Make people feel more productive by providing continuous feedback on work accomplished, process improvements, and current training.

Custom 113

Custom Customer Training Tool 113

Startup Professionals Musings

DECEMBER 23, 2020

Today’s customers demand more than a good product; they expect a great customer experience. People love Apple’s whole customer experience, and willingly pay a premium for the product. Much has been written about product design, but designing the total experience from the front rarely happens yet.

Customer 150

Customer Custom Design Product 150

Startup Professionals Musings

MAY 10, 2021

Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Many businesses have found that raising the price of a product to give it status can win more customers than a price war. Think the unthinkable.

Ideas 171

Ideas Patents Training Entrepreneur 171

Both Sides of the Table

DECEMBER 11, 2022

There was no money train. Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. In those years I learned to properly build product, price products, sell products and serve customers.

Venture Capital 466

Venture Capital Startup LAMP Marketing 466

Startup Professionals Musings

JULY 27, 2022

In my experience with business leaders, real innovation thinking is rare, compared to the urge to add just one more feature to an existing product, or make a small tweak to an existing business model. I call this linear thinking , and it’s a sure way to be ultimately overrun by your competition.

Competition 139

Competition Examples Custom Customer 139

Startup Professionals Musings

DECEMBER 13, 2020

The most memorable businesses, like Starbucks and Apple, no longer sell products, they sell ‘experiences’ with a product at the center. The challenge is to transform and hardwire your entire team to think in these terms, rather than the default focus on distinct towers of product quality, closing the sale, or fixing a complaint.

Custom 168

Custom Customer Services Startup 168

Startup Professionals Musings

SEPTEMBER 16, 2022

Hire and train your own managers for internal and external work projects. Labor rates are lower in some countries, but culture and language match are the real keys to productivity. Adapting to culture goes both ways, and training is the key. Don’t over-manage remote workers, but don’t expect them to manage your business.

Outsource Development 138

Outsource Development Outsource Training Summary 138

Startup Professionals Musings

MARCH 29, 2017

Most business leaders today realize that smart management of scarce resources is the key to competitive success. Leaders who are able to optimize these find multipliers of 20 percent up to nine times the average productivity. That’s why they manage money so carefully. Reduce organizational drag on every team member.

Product 58

Product Startup Guide Framework 58

Startup Professionals Musings

DECEMBER 25, 2015

Today’s customers demand more than a good product; they expect a great customer experience. People love Apple’s whole customer experience, and willingly pay a premium for the product. Much has been written about product design, but designing the total experience from the front rarely happens yet.

Design 61

Design Product Custom Customer 61