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

SEPTEMBER 2, 2018

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. Start with a service you know and love. Don’t let your service be viewed as a commodity.

Services 72

Services Startup Training Writing 72

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. Start with a service you know and love. Don’t let your service be viewed as a commodity.

Startup 174

Startup Training Services Writing 174

Berkonomics

APRIL 13, 2017

Test yourself as to whether you can identify the size of your market niche, and whether you can overcome the many barriers to access customers within your niche. A core patent or “thicket” of patents protecting your offering? A strategic relationship with one or more of the largest customers? Are margins high enough?

Patents 291

Patents Pricing Ideas Marketing 291

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. Look at internal services versus external services. Customer-facing services, like call centers, should rarely be outsourced. Keep intellectual property keys in-house. Marty Zwilling.

Software Review 114

Software Review Technical Review Outsource Development Outsource 114

Startup Professionals Musings

SEPTEMBER 18, 2022

How an entrepreneur answers this question speaks volumes about their knowledge of business realities, customers, confidence, and their ability to handle investor funding. He or she will assume your comment means there is no market for your product or service, or you haven’t looked. Money from customers and investors is the same color.

Competition 133

Competition Patents Resource Invest 133

Startup Professionals Musings

JUNE 27, 2014

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. Start with a service you know and love. Don’t let your service be viewed as a commodity.

Services 105

Services Startup Training Writing 105

Startup Professionals Musings

DECEMBER 2, 2022

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. A target market is the group of customers that the startup plans to attract through marketing and sales their product or service. Target market. Production.

Sales 102

Sales Customer Custom Outsource 102

Startup Professionals Musings

AUGUST 17, 2016

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. Start with a service you know and love. Don’t let your service be viewed as a commodity.

Services 61

Services Startup Training Writing 61

Berkonomics

MARCH 5, 2020

Is the product or service possible to produce at all, let alone economically enough to. One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. First: Product risk. .

Outsource Development 156

Outsource Development Ideas Resource Patents 156

Startup Professionals Musings

MAY 1, 2021

Truly satisfied customers are a joy to every business person. Working on that unique design, or completing the breakthrough for an innovative patent, are moments of inspiration that you will never forget, especially if they become your competitive edge. Your own learning should be the biggest inspiration of all. Reign-in expenses.

Startup 160

Startup Patents Competition Social Network 160

Startup Professionals Musings

MARCH 3, 2023

Just for clarification, I characterize a product plan as a formal description of your product or service, with a quick business description at the end for effect. These requirements must be based on market analysis, expert input, and existing customer feedback. Technology, architecture, and feature descriptions.

Product 112

Product Summary Activity Entrepreneur 112

Startup Professionals Musings

FEBRUARY 11, 2023

Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer. This is the confirmation that your product or service fills a real need in the marketplace. Watch that patent provide a real barrier to competitive entry. Increasing customer focus and loyalty.

Startup 118

Startup Satisfaction Customer Custom 118

Startup Professionals Musings

FEBRUARY 19, 2023

I’m not suggesting that a startup should ever disclose patent details to others before filing, but I can’t imagine why a startup would not seek visibility and feedback for their idea and solution while they could still make changes with minimal cost. Evaluate customer response prior to development.

Marketing 105

Marketing Startup Search Engine Optimization Ideas 105

Startup Professionals Musings

SEPTEMBER 20, 2010

Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. The distinction between product companies and services companies is easy to see. Scaling services means cloning yourself. Make sure your service is innovative.

Product 91

Product Services Satisfaction Patents 91

Startup Professionals Musings

SEPTEMBER 15, 2023

Obviously, his result goes well beyond the idea of charging a premium for better beans and service. You will see that I believe innovation is only one of many factors that ultimately determine your position with customers and your own legacy: Ideas are everywhere – success is all about execution.

Artificial Inteligence 114

Artificial Inteligence Ideas Satisfaction Customer 114

Berkonomics

DECEMBER 31, 2020

The company created a product that could be delivered as a service to medical clinicians anywhere in the world, enhancing their ability to understand their patents’ problems and needs in less time, using the expertise built into an AI expert system created by the best minds in many medical specialties. How refreshing!

Equity 156

Equity Writing Education Research 156

Startup Professionals Musings

JULY 23, 2021

You have done everything to register your brand legally , including domains, copyrights, patents, and trademarks. For example, a few years ago Wells Fargo seriously damaged its brand trying to grow the business by creating accounts without proper customer consent. Never argue with customers, public or private.

Examples 170

Examples Customer Custom Social Media 170

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. Non-specific terms, like better usability and low cost don’t incite customers to action these days. Investors check connections.

Competition 166

Competition Funding Startup Patents 166

Startup Professionals Musings

MAY 16, 2020

Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer. This is the confirmation that your product or service fills a real need in the marketplace. Watch that patent provide a real barrier to competitive entry. Increasing customer focus and loyalty.

Satisfaction 174

Satisfaction Customer Custom Outsource 174

TechCrunch LA

DECEMBER 11, 2018

Pitching app developers with a new way to convert app browsers into actual customers, AppOnboard has raised $15 million in a new round of funding, the company said. Zweig claims that conversion rates have increased significantly for the companies that pay a fee for his company’s service.

Google 213

Google Los Angeles Southern California Platform 213

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. He or she will assume your comment means there is no market for your product or service, or you haven’t looked. Money from customers and investors is the same color.

Competition 120

Competition Patents Resource Invest 120

Berkonomics

MARCH 14, 2019

Is the product or service possible to produce at all, let alone economically enough to compete in the marketplace? One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer.

Outsource Development 120

Outsource Development Ideas Resource Patents 120

Startup Professionals Musings

APRIL 13, 2020

Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Look at internal services versus external services. Customer-facing services, like call centers, should rarely be outsourced. Keep intellectual property keys in-house. Marty Zwilling.

Outsource Development 122

Outsource Development Outsource Software Review Technical Review 122

Startup Professionals Musings

APRIL 17, 2015

It might be a patented technology, but it could also be the creativity of employees or logistic competencies of the company. This could be the utilization rate of a plant, the price premium of the brand, or the service offered or products sold. It is about identifying a core competence which others cannot match.

Customer 102

Customer Custom Organization Course 102

Startup Professionals Musings

MAY 31, 2020

Just for clarification, I characterize a product plan as a formal description of your product or service, with a quick business description at the end for effect. These requirements must be based on market analysis, expert input, and existing customer feedback. Technology, architecture, and feature descriptions.

Entrepreneur 124

Entrepreneur Startup Summary Product 124

Startup Professionals Musings

MAY 23, 2020

I’m not suggesting that a startup should ever disclose patent details to others before filing, but I can’t imagine why a startup would not seek visibility and feedback for their idea and solution while they could still make changes with minimal cost. Evaluate customer response prior to development.

Search Engine Optimization 174

Search Engine Optimization Ideas Startup Customer 174

Startup Professionals Musings

JUNE 19, 2023

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.

Entrepreneur 101

Entrepreneur Startup Ideas Competition 101

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

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. Create a team culture for personalized service.

Competition 142

Competition Software Review Social Media Customer 142

Startup Professionals Musings

DECEMBER 17, 2021

Maybe more importantly, your long-term survivability is tied to intellectual property, like trade secrets and patents, as well as other less tangible items like your customer base, your experience, and your skills. It doesn’t matter how good your product or service is if most of your potential customers don’t know about it.

Entrepreneur 138

Entrepreneur Activity Guide Patents 138

Startup Professionals Musings

SEPTEMBER 26, 2020

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

Startup Ideas Entrepreneur Competition 171

Startup Professionals Musings

JANUARY 31, 2020

Here are some of the key entrepreneur characteristics most often overlooked by inventors: Driven by customer-centric view of needs, rather than technology. Understanding what drives customers to buy, in different market segments and cultures, is usually just as challenging as creating and combining technology to deliver function.

Startup 124

Startup Entrepreneur Customer Custom 124

Berkonomics

MARCH 15, 2012

Is the product or service possible to produce at all, let alone economically enough to compete in the marketplace? One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer.

Outsource Development 200

Outsource Development Ideas Resource Patents 200

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. This is the reason that many new startups offer freemium services, and prioritize attracting a large following above making a profit.

Technical Review 147

Technical Review Social Media Entrepreneur Startup 147

Startup Professionals Musings

NOVEMBER 4, 2019

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. Make the product or service come alive.

Ideas 94

Ideas Slides Technical Review Patents 94

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. Cloud-served services will be an amplifier for almost any opportunity, not only in the developed world, but in the developing world as well.

IBM 131

IBM IBM Startup Examples 131