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8 Key Startup Drivers Bring Pleasure As Well As Sweat

Startup Professionals Musings

Truly satisfied customers are a joy to every business person. You have figured out how to undercut your competitor’s price, and still hold your margin. Maybe it’s that first customer testimonial, or that first congratulations from someone you respect, or seeing your story in the newspaper. Both are networks.

Startup 160
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8 Attributes Of Entrepreneurs Who Transform Society

Startup Professionals Musings

According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Look for customer-focused value creation. Seek innovation that begets invention. It doesn’t always work the other way around. Failure is an option.

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8 Inspirational Insights For Those Chasing Your Dream

Startup Professionals Musings

According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. 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
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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. In addition, creating a business requires leading and interacting with other people, including partners, investors, and customers.

Ideas 126
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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

In my experience, the key steps I look for always include the following: Testing the idea against customers who have money to spend. Any startup with no patents, trade secrets, or other secret sauce is very high risk today. Prepare your marketing story for customers and investors. Implement a strategy for growth and improvement.

Ideas 94
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6 Success Stages Every Entrepreneur Idea Has To Pass

Startup Professionals Musings

Ask some potential customers to see if there is real interest, and start thinking about price versus cost. File at least a provisional patent and one or more trademarks. Attend trade shows and network to find the right players and pitch your product. Look hard at the technology for feasibility and risk.

Ideas 136
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8 Guiding Principles For Pursuing A Winning Venture

Startup Professionals Musings

According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Look for customer-focused value creation. Seek innovation that begets invention. It doesn’t always work the other way around. Failure is an option.

Guide 95