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. Capture your “secret sauce.” Start with a service you know and love.
Startup Professionals Musings
FEBRUARY 11, 2023
Watch that patent provide a real barrier to competitive entry. Re-live that moment of inspiration that resulted in an innovative design and implementation for your product, and is now providing you with a sustainable competitive advantage. One approach, which is even more work, is to keep tasks in-house rather than outsourcing.
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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. Capture your “secret sauce.” Start with a service you know and love.
Startup Professionals Musings
DECEMBER 2, 2022
There are dozens of sources to help you construct your business model, and a good example is a classic book by venture capital investor Elizabeth Edwards, simply named “ Startup ,” which is really designed as a handbook for launching a company for less. Common choices include manufacturing in-house, outsourcing, off-the-shelf parts.
Startup Professionals Musings
MAY 16, 2020
Watch that patent provide a real barrier to competitive entry. Re-live that moment of inspiration that resulted in an innovative design and implementation for your product, and is now providing you with a sustainable competitive advantage. One approach, which is even more work, is to keep tasks in-house rather than outsourcing.
Startup Professionals Musings
APRIL 27, 2020
There are complex processes, like filing a patent, and financial tools that may be new to you, including Excel and Quickbooks. Don’t forget the wealth of “gig” experts for outsourcing at a low cost. As a result, he missed opportunities, and the whole organization suffered. Use technology and tools, but don’t let them sink you.
Startup Professionals Musings
MARCH 2, 2020
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. Don’t assume you can outsource the implementation decisions. For example, I have a friend with a Ph.D.
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