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8 Unpublicized Strategies From Serious Entrepreneurs

Startup Professionals Musings

Great entrepreneurs pride themselves on their ability to isolate opportunities that have minimal risk, by virtue of their trusted relationships, their own expertise, and access to resources. Don’t look to customers for breakthrough ideas. You now have many bosses, including partners, investors, and customers.

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5 Rules Of Relevancy That Set Your New Venture Apart

Startup Professionals Musings

This is not the total opportunity out there, and not the total target market, but the subset of customers who have and will spend the money you need to cure their pain. That means educating targeted supporters is key, even before you start to sell. Selling too early triggers customer defenses and drives them away.

Education 151
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10 Questions To Ask Yourself Before Every New Venture

Startup Professionals Musings

What resources do you have, skills and functions, and what do you do best? Assess customer demand. Do customers really need what you want to do, or might they see it as “nice to have?” Providing minimal resources. What personal support resources are available? Education and training roadblocks.

Startup 115
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10 Sharing Principles Propel Many Current Businesses

Startup Professionals Musings

Too many customers have long felt distanced from many successful brands, seeing them as closed and mysterious environments, focused only on profits and killing competitors. These are responding to the demands of this new world for collaboration, trust, and transparency. Shared leadership (member and customer led).

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10 Key Business Founder Checks Needed Before The Plan

Startup Professionals Musings

Assess your own resources as well as funding sources. In business, there will always be someone out there with more money, a better location, or more resources, ready to take your idea and squeeze you out. Many of the business plans I see are built around a dream, with idealistic costs, margins, and customer demand.

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8 Tips For Success In Turning A Dream Into A Business

Startup Professionals Musings

For example, a while back a passionate entrepreneur approached me with an innovative solution for reducing world hunger, but hadn’t focused on the fact that hungry people often don’t have any money, and governments are not easy customers. Find market evidence of customers with means who are willing to pay for a solution.

Tips 80
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10 Key Components Of Every New Venture Strategic Plan

Startup Professionals Musings

What resources do you have, skills and functions, and what do you do best? Assess customer demand. Do customers really need what you want to do, or might they see it as “nice to have?” Providing minimal resources. What personal support resources are available? Education and training roadblocks.

Startup 94