Remove Customer Remove Patents Remove Resource Remove Satisfaction
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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. If you don’t have a high level of commitment and passion, you customers won’t seek you out.

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

Startup 174
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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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5 Risk Reduction Strategies For Your Next New Venture

Startup Professionals Musings

In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper. Market research can thus be based on real customers and a previously tested market. Timing is critical, as well as focus on marketing and customer satisfaction.

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5 Keys To Reducing Startup Risk By Building On Trends

Startup Professionals Musings

In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper. Market research can thus be based on real customers and a previously tested market. Timing is critical, as well as focus on marketing and customer satisfaction.

Startup 157
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10 Practices To Avoid When Running Your First Startup

Startup Professionals Musings

In the rush of a startup, it’s tempting to start spending the money you expect any day from a rich uncle or a major new customer. Many entrepreneurs have destroyed a strategic alliance, an investor relationship, or lost a key customer by jumping in with harsh words after a bad day at home or at the office. Marty Zwilling.

Startup 100
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5 Keys to Moving From Entrepreneur Thinking To Action

Startup Professionals Musings

The key here is to gather the relevant facts, risks, and resources, make a decision, and move forward. The customer culture today responds best to a greater vision for improving society and the planet, which can easily sustain a constant stream of new products. Real entrepreneurs start experiments.