Startup Professionals Musings

AUGUST 30, 2014

Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand. Customer data integrity and security. business customer values entrepreneur startup technology solution' Payback on investment.

Customer 98

Customer Custom Technology Startup 98

Startup Professionals Musings

AUGUST 17, 2020

Don’t forget to consider customer alternatives, like trains versus airplanes. These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney. Check for intellectual property barriers in your way.

Technical Review 173

Technical Review Ideas Patents Startup 173

Startup Professionals Musings

MAY 7, 2023

Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand and relate to. Customer data integrity and security. This priority applies to big companies, as well as startups. Martin Zwilling

Social Network 108

Social Network Training Startup Technology 108

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. If you don’t have a high level of commitment and passion, you customers won’t seek you out.

Startup 111

Startup Training Services Writing 111

Berkonomics

DECEMBER 31, 2020

First, an example of grant-based financing . A company like this grows in value to its customers and to prospective buyers of the business, but without any dilution of control or ownership for the founders. I was chairman of a company that, for twelve years never took a dollar of outside investment. How refreshing!

Equity 156

Equity Writing Education Research 156

Startup Professionals Musings

JANUARY 8, 2023

Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. For example, it is no secret that software pirating is still very common in China, Vietnam, and other cultures. Customer-facing services, like call centers, should rarely be outsourced.

Software Review 114

Software Review Technical Review Outsource Development Outsource 114

Startup Professionals Musings

NOVEMBER 9, 2022

An excellent example is the initiative by Elon Musk and Tesla Motors a few years ago to give away their battery patents, to infrastructure and competitive car providers, without transactional agreements. FabLab s is an example of a new class of facilities for entrepreneurs to start experimenting early.

IBM 131

IBM IBM Startup Examples 131

Startup Professionals Musings

FEBRUARY 13, 2021

For example, I’m not sure the world needs one more social media niche site, or another dating site, or yet another flavored drink alternative. Major innovation, with major payback, requires real change, addresses a major pain point, and hits a large customer segment who can pay. Two heads are better than one.

Startup 162

Startup Metrics Ideas Entrepreneur 162

Startup Professionals Musings

JULY 27, 2022

For example, BlackBerry was really the first in the smart mobile phone market, but they never thought beyond their tiny physical keyboard as they added new features. In particular, new generations of customers, including millennials, are often looking for something really innovative, as the fashion industry has found out many times.

Competition 139

Competition Examples Customer Custom 139

Startup Professionals Musings

JUNE 26, 2020

A business plan is the outward facing definition of the business you hope to drive with your hardware solution, with a hardware overview in the intro to highlight customer value and competitiveness. Use non-fuzzy terms to quantify customer value. Provide specifics on the customer business model. and trademarks.

Product 169

Product Summary Startup Examples 169

Startup Professionals Musings

APRIL 29, 2022

In my experience, there will always be growth challenges that you can’t predict, including new technologies, economic downturns, and political changes, but I’m talking here about changes in the market that every good business leader should anticipate, including the following: Your targeted customer segment has a limit.

Marketing 110

Marketing Pricing Startup Customer 110

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. If you don’t have a high level of commitment and passion, you customers won’t seek you out.

Startup 174

Startup Training Services Writing 174

Startup Professionals Musings

MARCH 17, 2023

Most entrepreneurs spend far too much time thinking negatively about competitors, and can’t resist making derogatory statements to their own team, to investors, and even to customers. For example, “While Product X has worked well in the server market, my product also provides Cloud support, to drastically reduce IT costs and maintenance.”

Competition 111

Competition Entrepreneur Patents Customer 111

Startup Professionals Musings

AUGUST 15, 2020

Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand and relate to. Customer data integrity and security. This priority applies to big companies, as well as startups. Martin Zwilling.

Technology 165

Technology Social Network Training Startup 165

Startup Professionals Musings

JANUARY 6, 2023

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

Tips Startup Satisfaction Ideas 80

Startup Professionals Musings

JUNE 3, 2020

Good examples of initial focus by an entrepreneur would include Jeff Bezos when he started Amazon as an online marketplace for books only, and Elon Musk starting PayPal as an online bank. You will find it highlighted, for example, in most articles about Jeff Bezos and Elon Musk even today.

Entrepreneur 126

Entrepreneur Startup Patents Resource 126

Startup Professionals Musings

JULY 23, 2023

Your concept has to be understood by customers and investors in 30 seconds or less, and everyone needs to immediately see how awesome it would be, or that they would be nuts not to have it. I’m looking for the “hook” right up front, or I lose interest quickly, just like every customer and investor these days.

Startup 96

Startup Education Ideas Customer 96

Startup Professionals Musings

AUGUST 26, 2020

You see, inventing a business is about attracting money from investors and customers, rather than spending money on a challenging dream. Dyson, for example, invented over 5,000 prototypes before he perfected his bagless home vacuum technology with a constant suction. Target a higher customer need and ability to pay.

Customer 136

Customer Custom Examples .Net 136

Startup Professionals Musings

MARCH 2, 2020

For example, I have a friend with a Ph.D. Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. You must also learn from your customers.

Ideas 126

Ideas Writing Examples Outsource 126

Startup Professionals Musings

DECEMBER 14, 2019

How an entrepreneur answers this question speaks volumes about their knowledge of business realities, customers, confidence, and their ability to handle investor funding. I like patents, trademarks, and trade secrets, so this answer is a better sustainable competitive advantage than the other five answers. Martin Zwilling.

Competition 120

Competition Patents Resource Invest 120

Startup Professionals Musings

JUNE 19, 2023

Harris, in his classic book “ Transformative Entrepreneurs ,” provides examples of key elements of transformative ideas and leadership abilities that separate the winners from the losers. Look for customer-focused value creation. Seek innovation that begets invention. It doesn’t always work the other way around. Failure is an option.

Entrepreneur 101

Entrepreneur Startup Ideas Competition 101

Startup Professionals Musings

NOVEMBER 4, 2010

A while back, I wrote about the importance of a “ sustainable competitive advantage ,” and outlined the business plan value and limitations of patents and competitor feature comparisons. But once you start selling products, all of these pale in comparison to your level of customer service. Exceed customer expectations.

Customer 90

Customer Custom Services Startup 90

Startup Professionals Musings

NOVEMBER 4, 2020

Your concept has to be understood by customers and investors in 30 seconds or less, and everyone needs to immediately see how awesome it would be, or that they would be nuts not to have it. I’m looking for the “hook” right up front, or I lose interest quickly, just like every customer and investor these days.

Startup 166

Startup Education Ideas Customer 166

Startup Professionals Musings

OCTOBER 13, 2019

Recognizing this is as much about culture as about language, ensures an understanding of regional motivators, cultural taboos and local customs – so that your solutions are ideally designed and marketed to deliver value that has genuine local relevance. An international brand will command higher prices and additional customer demand.

Marketing 94

Marketing Patents Offshore Startup 94

InfoChachkie

AUGUST 10, 2010

Patents held by startups generally have a limited ability to reduce competition. The average time required to obtain a patent is 36-to-40 months, during which there is no guarantee your adVenture will ultimately receive patent protection. Even if you are granted a patent, the scope of your claims may be significantly denuded.

IP 256

IP Patents Company Companies 256

Startup Professionals Musings

JUNE 2, 2021

I like the summary of the competitive reality in a new book, “ Rethinking Competitive Advantage: New Rules for the Digital Age ,” by Ram Charan, who relates a wealth of current experience from global clients: Customers expect a personalized experience. Features, availability, and brand are just the price of entry.

Competition 142

Competition Software Review Social Media Customer 142

Startup Professionals Musings

SEPTEMBER 26, 2020

Harris, in his classic book “ Transformative Entrepreneurs ,” provides examples of key elements of transformative ideas and leadership abilities that separate the winners from the losers. Look for customer-focused value creation. Seek innovation that begets invention. It doesn’t always work the other way around. Failure is an option.

Startup 171

Startup Ideas Entrepreneur Competition 171

Startup Professionals Musings

MAY 22, 2020

Is there a real customer willing to give a testimonial? Don’t be sidetracked by potential customers in the middle of a free trial, or friends of the founder. Before you invest your life savings, or bet your career on this startup, you need to know how much of a barrier to entry the brand and patents are projected to be.

Technical Review 174

Technical Review Startup Invest Patents 174

Startup Professionals Musings

FEBRUARY 14, 2020

An excellent example is the initiative by Elon Musk and Tesla Motors a few years ago to give away their battery patents, to infrastructure and competitive car providers, without transactional agreements. FabLab s is an example of a new class of facilities for entrepreneurs to start experimenting early.

Startup 124

Startup IBM IBM Examples 124

Startup Professionals Musings

JULY 11, 2020

A while back, one of my aspiring entrepreneur friends was trying to impress me with his expertise, by bragging that he had the idea for a couple of innovations before anyone else, but he just never got around to filing a patent before someone stole it from him. Today the key is building momentum, customization, and continuous innovation.

Entrepreneur 131

Entrepreneur Startup Ideas Software Review 131

Startup Professionals Musings

MAY 7, 2021

The tougher question is whether you are also wise, in the sense of cultivating the right relationships, understanding team dynamics, and keeping to the correct side of the ethical line to maintain the trust of team members and customers alike. This locked in engagement from his employees and customers.

Patents 138

Patents Mentor Customer Custom 138

Startup Professionals Musings

NOVEMBER 29, 2019

Examples I have seen include atomic battery technology, or how marine algae could help feed the world. The right answer to this question is that you bring some new intellectual property to the table – like a patent or other secret sauce. Also evaluate the values of desired customers. Great social entrepreneurs are rare.

Entrepreneur 126

Entrepreneur Ideas Resource Examples 126

Startup Professionals Musings

JUNE 15, 2020

Most entrepreneurs spend far too much time thinking negatively about competitors, and can’t resist making derogatory statements to their own team, to investors, and even to customers. For example, “While Product X has worked well in the server market, my product also provides Cloud support, to drastically reduce IT costs and maintenance.”

Competition 125

Competition Entrepreneur Patents Customer 125

Startup Professionals Musings

FEBRUARY 18, 2023

Is there a real customer willing to give a testimonial? Don’t be sidetracked by potential customers in the middle of a free trial, or friends of the founder. Before you invest your life savings, or bet your career on this startup, you need to know how much of a barrier to entry the brand and patents are projected to be.

Startup 83

Startup Technical Review Invest Patents 83

Startup Professionals Musings

FEBRUARY 17, 2021

It wasn’t so many years ago that starting a new e-commerce business on the Internet was a complex custom development project, usually costing a million dollars or more. The same is true for filing patents, registering trademarks, and filing copyrights. A programmer can build a new smartphone app for a few thousand dollars.

Entrepreneur 162

Entrepreneur Startup Social Media Outsource Development 162

Startup Professionals Musings

FEBRUARY 27, 2023

Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. If looking for help, you can find interns willing to work for the experience, and real insights into new customer segments.

Entrepreneur 110

Entrepreneur Class Startup Resource 110

Startup Professionals Musings

MARCH 12, 2022

With today’s worldwide Internet and social media, your brand impact is not set by what you say, but by numbers of followers, influencers, and satisfied customers. Just be aware that building your customer base first requires deep pockets, or many investors. Proprietary technology with a high barrier to entry.

Technical Review 147

Technical Review Social Media Entrepreneur Startup 147