Berkonomics

MAY 20, 2021

Enterprise time, as opposed to personal time management, is the sum total of resources available to a company expressed in terms of time – time to develop, to debug, to produce, to deploy, to respond to issues, and to make changes in plans that are not working. But first, identify what those critical resources are in your company.

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Resource Outsource Development Metrics Customer 156

Berkonomics

MAY 18, 2017

The technique, “OST” (objective, strategies and tactics), is a very good way to organize your effort to find guideposts and then develop metrics to measure progress. Here are some example strategies from some of my companies over the recent years. What is a strategy?

Organization 275

Organization Metrics Demand Resource 275

Startup Professionals Musings

MARCH 18, 2022

For example, I believe that artificial intelligence , which has produced breakthroughs in gaming, has seen little traction in the healthcare sector. As companies grow, they tend to become more structured, to the point of discouraging risk by team members, and using metrics to identify mistakes and allocate bonuses. Don’t forget these.

Startup 154

Startup Artificial Inteligence Metrics Netflix 154

Startup Professionals Musings

OCTOBER 20, 2023

For example, consider Whole Foods , whose focus on healthy foods and a sustainable environment is legendary, even though their prices are often a bit higher. Most new businesses need three to five advisors or board members to regularly evaluate progress and resource needs, as well as your own leadership.

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Marketing Resource Training Startup 116

Startup Professionals Musings

MARCH 24, 2023

Their challenge to me is how to integrate innovation into the thinking and process of every team, and measure the “ risk versus reward ” of resources expended. Resources are allocated across multiple business units, but the bulk of the organization still prioritizes the “day job.” Maturing proficiency with innovation metrics.

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Organization Activity Resource Examples 111

SoCal CTO

DECEMBER 19, 2012

In fact, let me provide an important warning: If you create these documents, don't have input from a technical resource, take it to a development shop and they provide you a price. Go find a new technical resource. Examples: [link] [link] Product Feature List Create a prioritized high level product feature list (see Product Backlog ).

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Develop Development Technical Review CTO Coach 354

Startup Professionals Musings

JULY 26, 2023

For example, we all remember when Blockbuster realized too late that Netflix was stealing customers by offering videos online rather than via DVDs, but even then they were unable to adapt their processes and their thinking. For example, the value of a higher cause in business has risen greatly.

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Metrics Training Netflix Resource 71

Startup Professionals Musings

MAY 21, 2022

In the book, Jaffe introduces three new sets of metrics for gauging progress: Medium-term metrics. Examples include counting members of an advocacy program, app downloads, tenured customers, or subscribers to an e-mail list.

Marketing 127

Marketing Framework Social Media Media 127

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. For example, smart entrepreneurs look for recognizable patterns in disconnected domains. Then you need to set goals and metrics to use as the benchmark for your own results and expectations.

Startup 162

Startup Metrics Ideas Entrepreneur 162

Startup Professionals Musings

SEPTEMBER 22, 2021

Unfortunately, most of us don’t have enough resources to bootstrap our own startups, so we are completely dependent on investors to help turn great ideas into great businesses. These show a focus on the business elements required for success, and metrics for ensuring accountability, management control, and feedback along the way.

Ideas 140

Ideas Entrepreneur Equity Resource 140

Startup Professionals Musings

NOVEMBER 16, 2022

Examples of great companies that have achieved longevity, by initiating major changes, include American Express (originally express mail), IBM (tabulating and computer hardware), and J.P. Metrics and observations while running the existing business become the primary basis for future projections.

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Startup Statistics IBM IBM 120

Startup Professionals Musings

JULY 26, 2021

Since we all have limited resources, and can’t add more hours to the day, the result is usually more things done poorly, rather than a few key things done better than anyone else. Good examples of startup focus before success include Google with their search engine, Facebook with friends networking, and Apple with personal computers.

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Startup Resource Entrepreneur Metrics 154

Startup Professionals Musings

JANUARY 15, 2022

There are hundreds of consultants out there who will take your money for guidance in this area, but I recommend that you start with some free resources on the Internet, or one of the many recent books on this topic. Return-On-Investment metrics are not new, but the tools are different. Pick the right platform for your business.

Social Media 126

Social Media Media Startup Platform 126

Berkonomics

DECEMBER 5, 2013

It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. No-one challenged this number, and it became an unattributed source of the metric for market size for years.

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Metrics Startup Marketing Demand 239

Startup Professionals Musings

SEPTEMBER 22, 2022

For example, many investors I know tell me they look for business plans that allocate the largest portion of a requested investment to marketing, but most often see the top “ use of funds ” to be further product or service development. Allocate resources to handle bumps along the way.

Marketing 133

Marketing Customer Custom Outsource Development 133

Startup Professionals Musings

JANUARY 6, 2021

Unfortunately, with limited resources, this isn’t possible, and it frustrates customers and the team. It’s important to define your growth strategy, document it, communicate it to your team, and align metrics and employee rewards to target goals. The most common approach I see to achieving this is to do more of everything for everyone.

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Technical Review Technical Advisors Startup Mentor 160

Startup Professionals Musings

MARCH 3, 2021

For example, it’s great to pursue a higher purpose, like feeding the hungry, but don’t forget that running any business is a hungry mouth you have to feed. For example, if you have ever watched the Shark Tank show on TV, they always ask about the cost of customer acquisition. Pitch a rational plan for expansion and growth.

Entrepreneur 162

Entrepreneur Social Media Examples Metrics 162

Berkonomics

AUGUST 15, 2013

An example would be a real time display of the value of the dollar against the yen. Earliest warning metrics: What good is information if you can’t act upon it in a timely manner? Find metrics that will be “leading indicators” of trouble to come.

Metrics 184

Metrics Software Review Statistics Technical Review 184

Berkonomics

NOVEMBER 6, 2014

Enterprise time, as opposed to personal time management, is defined as the sum total of resources available to a company expressed in terms of time – time to develop, to debug, to produce, to deploy, to respond to issues, and to make changes in plans that are not working. There are many ways to fall into this trap.

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Resource Outsource Development Metrics Customer 176

Startup Professionals Musings

JUNE 21, 2023

For example, consider CVS Health's Project Health program, which directed teams to provide free health screenings to disadvantaged and underserved patient populations. These must be managed by metrics to allow you to gauge progress, recognize successes, and keep constituents motivated along the way.

Satisfaction 114

Satisfaction Customer Custom Social Media 114

Startup Professionals Musings

FEBRUARY 16, 2020

Examples of great companies that have achieved longevity, by initiating major changes, include American Express (originally express mail), IBM (tabulating and computer hardware), and J.P. Metrics and observations while running the existing business become the primary basis for future projections.

Startup 128

Startup Company Companies Statistics 128

Startup Professionals Musings

NOVEMBER 29, 2019

Examples I have seen include atomic battery technology, or how marine algae could help feed the world. Obviously, where you need to be is somewhere in the middle, and certain that you are the right person with the right resources to win. Do you have the resources to build a business?

Entrepreneur 126

Entrepreneur Ideas Resource Examples 126

Startup Professionals Musings

MARCH 2, 2020

For example, I have a friend with a Ph.D. Finally, implementation requires a commitment of real money and other resources that can’t be written off so easily as an idea ahead of it’s time. For example, I often cite the case of Bill Gates and Steve Ballmer , who grew Microsoft together.

Ideas 126

Ideas Writing Examples Outsource 126

Startup Professionals Musings

JULY 15, 2020

Implement the key business metrices you will live by. Identify the three most important metrics your business must hit every week to achieve growth goals. These are the timeless principles that must guide all hiring, marketing, and execution decisions. This is the stage where you move from managing by your gut to managing by numbers.

Metrics 140

Metrics Entrepreneur Coach Satisfaction 140

Startup Professionals Musings

MAY 14, 2023

Cash flow is a basic survival metric for every startup. Buffer your projected resource requirements. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. Desperate entrepreneurs lose their leverage and die young. You will make mistakes.

Search Engine Optimization 103

Search Engine Optimization Outsource Development Social Media Equity 103

Startup Professionals Musings

OCTOBER 25, 2014

For example, early adopters may be easily sold, but new technology product success really hinges on adoption by certain demographics, perhaps more influenced by celebrities or mommy bloggers. Deliverables and the resources you have to achieve them are two sides of the same equation. How do I know what resources I need?

Startup 108

Startup Resource Metrics Technical Review 108

Startup Professionals Musings

SEPTEMBER 9, 2020

For example, your quality problem may well have both design as well as manufacturing elements. Make sure that you implement a metric with each solution, to prevent the issue from recurring, and check for side effects and follow-on side effects. Search for the multiple dimensions of a problem.

Satisfaction 152

Satisfaction Mentor Study Startup 152

Startup Professionals Musings

AUGUST 24, 2019

In the book, Jaffe introduces three new sets of metrics for gauging progress: Medium-term metrics. Examples include counting members of an advocacy program, app downloads, tenured customers, or subscribers to an e-mail list.

Media 95

Media Framework Social Media Metrics 95

Startup Professionals Musings

APRIL 28, 2021

For example, I believe Bill Gates would have failed without his partners Steve Ballmer and Paul Allen. Gather your resources before scaling the business. If you are the hot-shot technical innovator that invented your solution, make sure you have an equally adept business and marketing expert to complement your skills. “If

Technical Review 131

Technical Review Case Study Mentor Software Review 131

Startup Professionals Musings

FEBRUARY 5, 2020

See the story of Elizabeth Holmes and Theranos for an example of product snags leading to a disaster. Examples abound of startups who had to pivot for success, including Twitter moving from podcasts to social commentating, and Yelp moving from email to online. Keep your plan updated, and don’t be caught off guard.

Startup 131

Startup Entrepreneur Examples Customer 131

SoCal CTO

JULY 13, 2011

This site aggregates and filters content from thought leaders who talk about topics such as Marketing , Sales , Design , Revenue , Hiring , Social Media , Business Models , Metrics , PR , Venture Capital , Angel Investors , Bootstrapping , Incubators , Agile and many others. Click around on the various topics to find some amazing resources.

Content 175

Content Startup Social Media IP 175

Startup Professionals Musings

MAY 13, 2020

For example, every business team needs focus and direction to be productive. You as the leader have a responsibility to define goals, strategy, and operational metrics. One of the biggest problems I see in startups is everyone trying to do too many different things, straining resources and confusing customers.

Startup 124

Startup Ideas Examples Metrics 124

Berkonomics

MARCH 10, 2016

It takes trusting management, good metrics, and entrepreneurial employees. employees, for example, log their hours, and their calls are logged automatically. My employees will lose control of their time and resources. Let your employees manage their own time –– but provide tools and resources. ” All our remote.

Tool 120

Tool Resource Coach Metrics 120

Frank Addante

NOVEMBER 11, 2013

Today, we are working on a prototype of a new measurement metric that we call ROP (Return on Productivity). This metric will help us determine what works, what doesn’t, and why. The Return on Productivity metrics will be directly tied to business value (e.g. That’s a lot of productivity gain!

Product 99

Product Metrics Company Companies 99

Berkonomics

APRIL 8, 2021

Discord is a great example of a company going viral mostly from word of mouth. In today’s world of social marketing, it takes someone knowledgeable if not expert in understanding how to use available resources in promotion and marketing. Well-tuned metrics are an absolute must. A story of an app from nowhere to near dominance.

Sites 156

Sites Product Social Network Press 156

Startup Professionals Musings

AUGUST 13, 2022

For example, if you are working on a great social networking idea to replace Facebook, and need funding, you probably won’t find any interested and focused VCs or angel investors in Arizona, where I live. But it is an important metric for firms in pursuit of explosive growth. get the attention of the market they choose.

Technical Review 123

Technical Review Oracle Software Review Ideas 123

Startup Professionals Musings

JUNE 2, 2021

As a simple example, the Wal-Mart website now shows shoppers more products that they may like, based on previous purchases. Simple metrics and your personal knowledge of the industry can’t keep up with all the relevant competitive forces. These have the vision and the resources to fund long-term digital success.

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Competition Software Review Social Media Customer 142