Startup Professionals Musings

SEPTEMBER 23, 2020

In fact, I think the evidence is clear that many entrepreneurs started their journey while still in college, and capitalized on all the resources there, before moving on: Extend your technology focus with business basics. For example, I do business mentoring at nearby Arizona State University and Embry-Riddle Aeronautical University.

Entrepreneur 157

Entrepreneur Mentor Class Resource 157

Startup Professionals Musings

DECEMBER 14, 2019

A strong answer should be something like “Our product introduces a new lower-cost technology, which we have patented and trademarked, that makes us very attractive today, and will provide a wealth of additional products as we move forward.” The problem is that startups have limited resources to keep them ahead of big companies.

Competition 120

Competition Patents Resource Invest 120

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. For example, it is no secret that software pirating is still very common in China, Vietnam, and other cultures. Keep intellectual property keys in-house.

Software Review 114

Software Review Technical Review Outsource Development Outsource 114

Startup Professionals Musings

JULY 27, 2022

For example, BlackBerry was really the first in the smart mobile phone market, but they never thought beyond their tiny physical keyboard as they added new features. I call this linear thinking , and it’s a sure way to be ultimately overrun by your competition. Always practice thinking outside the box.

Competition 139

Competition Examples Customer Custom 139

Startup Professionals Musings

MAY 7, 2023

Senior business leaders, for example, are unlikely to relate when you pitch your latest web app, highlighting the mashup technology, which you derived from early online social networking applications. Customer data, as well as internal data, is a key resource for every business that must be secured and protected. Payback on investment.

Social Network 108

Social Network Training Startup Technology 108

Startup Professionals Musings

JUNE 19, 2023

Harris, in his classic book “ Transformative Entrepreneurs ,” provides examples of key elements of transformative ideas and leadership abilities that separate the winners from the losers. Entrepreneurs who have been really transformative, like Steve Jobs and Walt Disney, seemed to know how to deal with all the right elements.

Entrepreneur 101

Entrepreneur Startup Ideas Competition 101

Startup Professionals Musings

MARCH 17, 2023

For example, “While Product X has worked well in the server market, my product also provides Cloud support, to drastically reduce IT costs and maintenance.” Patents and trade secrets are more powerful advantages than missing competitive features, which might be quickly filled in as you gain traction.

Competition 111

Competition Entrepreneur Patents Customer 111

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. Successful people look for complementary co-founders, and hire a multi-faceted team.

Startup 162

Startup Metrics Ideas Entrepreneur 162

InfoChachkie

AUGUST 10, 2010

It requires you to expend your two most valuable resources, your time and your money. Patents held by startups generally have a limited ability to reduce competition. The average time required to obtain a patent is 36-to-40 months, during which there is no guarantee your adVenture will ultimately receive patent protection.

IP 256

IP Patents Company Companies 256

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. You have no shelf life, so you can’t make money while you sleep. Are you ready to make it happen?

Startup 111

Startup Training Services Writing 111

Startup Professionals Musings

AUGUST 26, 2022

For example, if you see starting a business as a get-rich-quick solution, or you are trying to escape having a boss, or hate taking risks, you probably don’t need the stress of writing and trying to sell a business plan to tell you to seek other alternatives. Assess your own resources as well as funding sources.

Social Media 105

Social Media Writing Ideas Resource 105

Startup Professionals Musings

JUNE 25, 2021

There are lots of resources available for that question, including the Internet and mentors like me. As an example of a good resource, I enjoyed the classic book, “ Idea To Invention ,” by Patricia Nolan-Brown, that does a great job on the key steps. File at least a provisional patent and one or more trademarks.

Ideas 136

Ideas Entrepreneur Mentor Resource 136

Startup Professionals Musings

SEPTEMBER 26, 2020

Harris, in his classic book “ Transformative Entrepreneurs ,” provides examples of key elements of transformative ideas and leadership abilities that separate the winners from the losers. Entrepreneurs who have been really transformative, like Steve Jobs and Walt Disney, seemed to know how to deal with all the right elements.

Startup 171

Startup Ideas Entrepreneur Competition 171

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

AUGUST 15, 2020

Senior business leaders, for example, are unlikely to relate when you pitch your latest web app, highlighting the mashup technology, which you derived from early online social networking applications. Customer data, as well as internal data, is a key resource for every business that must be secured and protected. Payback on investment.

Technology 165

Technology Social Network Training Startup 165

Startup Professionals Musings

MARCH 2, 2020

For example, I have a friend with a Ph.D. Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. 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.

Ideas 126

Ideas Writing Examples Outsource 126

Startup Professionals Musings

JANUARY 6, 2023

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. Assemble the resources needed for the business.

Tips 80

Tips Startup Satisfaction Ideas 80

Startup Professionals Musings

FEBRUARY 17, 2021

The same is true for filing patents, registering trademarks, and filing copyrights. For example, if you have no technical background, you probably can’t create or sell an enterprise software product for a low price, even today. Required legal fees now average $5K or less, compared with $20K or more as a minimum.

Entrepreneur 162

Entrepreneur Startup Social Media Outsource Development 162

Startup Professionals Musings

MAY 14, 2023

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. The best entrepreneurs manage cash flow ruthlessly and never delegate decisions about spending money. You will make mistakes.

Search Engine Optimization 103

Search Engine Optimization Outsource Development Social Media Equity 103

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. You have no shelf life, so you can’t make money while you sleep. Are you ready to make it happen?

Startup 174

Startup Training Services Writing 174

Startup Professionals Musings

JULY 23, 2023

Examples include Domino’s “We’ll deliver in 30 minutes or less, or it’s free!” Don’t try to explain your technical implementation, your patent algorithm, or your unfair competitive advantage here. Startups that try to do many things end up confusing customers, and doing all things poorly, since they have highly constrained resources.

Startup 96

Startup Education Ideas Customer 96

Startup Professionals Musings

SEPTEMBER 24, 2018

These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun. Minimize infrastructure dependencies.

Ideas 83

Ideas Technical Review Patents Startup 83

Startup Professionals Musings

APRIL 10, 2021

It can come from experience, or from training in a prior company, and it can even be self-taught from the Internet by smart entrepreneurs, just like they learned the skill of establishing a company, negotiating a contract, or filing a patent. You can only lead by example, and set equally high standards for the people around you.

Startup 171

Startup Organization Training Entrepreneur 171

Startup Professionals Musings

JULY 11, 2020

The key here is to gather the relevant facts, risks, and resources, make a decision, and move forward. For example, renowned TOMS shoe company founder Blake Mycoskie continually made it clear that his most important goal was making life better for the less fortunate. Real entrepreneurs start experiments.

Entrepreneur 131

Entrepreneur Startup Ideas Software Review 131

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. These have the vision and the resources to fund long-term digital success. The Wal-Mart home page is customized for each shopper based on location, local weather, and the customer search and purchase history.

Competition 142

Competition Software Review Social Media Customer 142

Startup Professionals Musings

JUNE 15, 2020

For example, “While Product X has worked well in the server market, my product also provides Cloud support, to drastically reduce IT costs and maintenance.” Patents and trade secrets are more powerful advantages than missing competitive features, which might be quickly filled in as you gain traction.

Competition 125

Competition Entrepreneur Patents Customer 125

Startup Professionals Musings

AUGUST 2, 2015

A strong answer should be something like “Our product introduces a new lower-cost technology, which we have patented and trademarked, that makes us very attractive today, and will provide a wealth of additional products as we move forward.” The problem is that startups have limited resources to keep them ahead of big companies.

Startup 118

Startup Competition Patents Resource 118

Startup Professionals Musings

NOVEMBER 4, 2020

Examples include Domino’s “We’ll deliver in 30 minutes or less, or it’s free!” Don’t try to explain your technical implementation, your patent algorithm, or your unfair competitive advantage here. Startups that try to do many things end up confusing customers, and doing all things poorly, since they have highly constrained resources.

Startup 166

Startup Education Ideas Customer 166

Startup Professionals Musings

MAY 1, 2016

Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. Get help with grant funding and incubator resources.

Entrepreneur 55

Entrepreneur Capital Class Startup 55

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. For example, it is no secret that software pirating is still very common in China, Vietnam, and other cultures. Keep intellectual property keys in-house.

Outsource Development 122

Outsource Development Outsource Software Review Technical Review 122

Tech.Co

NOVEMBER 27, 2017

In general, the way it works is that individual inventors are named as inventors on the patents, and then the IP would be licensed back by spin-off companies to further develop the technology, according to Monti. This is just the recent example of Maine Medical Center’s interest in supporting innovation.

IP 70

IP Patents Ideas Research 70

Startup Professionals Musings

JULY 31, 2015

For example, “I have patented a new LCD with double the intensity at half the cost, already proven locally, and I just need resources to scale for this market.” For example, “Unlike all the other LCD providers, our patented high intensity light has no blue tint or glare that looks unnatural.”

Startup 104

Startup Summary Patents Examples 104

Startup Professionals Musings

SEPTEMBER 27, 2014

These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun. Minimize infrastructure dependencies.

Ideas 106

Ideas Entrepreneur Technical Review Patents 106

Startup Professionals Musings

AUGUST 19, 2020

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. The best entrepreneurs manage cash flow ruthlessly and never delegate decisions about spending money. You will make mistakes.

Search Engine Optimization 124

Search Engine Optimization Outsource Development Social Media Equity 124

Startup Professionals Musings

JUNE 25, 2014

A strong answer should be something like “Our product introduces a new lower-cost technology, which we have patented and trademarked, that makes us very attractive today, and will provide a wealth of additional products as we move forward.” The problem is that startups have limited resources to keep them ahead of big companies.

Entrepreneur 110

Entrepreneur Competition Patents Resource 110

Startup Professionals Musings

APRIL 27, 2020

For example, you may feel you are saving money by doing all your own administrative work and monitoring social media feedback. There are complex processes, like filing a patent, and financial tools that may be new to you, including Excel and Quickbooks. As a result, he missed opportunities, and the whole organization suffered.

Product 123

Product Startup Tips Entrepreneur 123

Startup Professionals Musings

AUGUST 14, 2014

First to market, for example, is not normally a sustainable advantage for startups. They simply don’t have the resources to keep ahead of large competitors who see initial traction and go after it. Here are some of the key ones: Patent protection in place as a barrier to entry. A narrow scope doesn’t help your case either.

Competition 93

Competition Startup Patents Slides 93