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5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

One thing I have learned the hard way in business is that implementing new ideas is usually much more difficult than conceiving the idea in the first place. That’s why I caution my aspiring entrepreneur clients against proclaiming to investors that they are a great “idea” person. For example, I have a friend with a Ph.D.

Ideas 126
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10 Keys To Real Innovation In Your Next New Business

Startup Professionals Musings

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Idea management. New product process.

Coach 137
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7 Tips To Test Your Idea As A Part-Time Entrepreneur

Startup Professionals Musings

It’s easy for part-timers to make excuses that other priorities caused you to miss milestones, but predictable results and metrics in this mode are even more critical than for full-time members. Select a business idea that has a longer runway. You can’t move fast enough on a part-time basis to win in these areas.

Ideas 102
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5 Keys To An Unbeatable Solution For Your New Startup

Startup Professionals Musings

I’m convinced that this “me too” or incremental thinking is one of the key reasons that ninety percent of new startups fail, and most of the investors I know won’t sign non-disclosure forms, since they claim to hear the same startup ideas over and over again. Marketing should begin even at the idea stage. Two heads are better than one.

Startup 162
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10 Steps To A New Venture That Can Change The World

Startup Professionals Musings

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Idea management. New product process.

Coach 144
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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

As a new business advisor and occasional investor, I get approached regularly by people who have a dream or a new business idea, and are looking for support and money to make it a reality. Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea.

Ideas 94
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5 Risk Reduction Strategies For Your Next New Venture

Startup Professionals Musings

There are many levels of innovation that go beyond copying someone else’s idea, but stop short of pushing the leading edge (bleeding edge). Or you may decide that your dream was not really the great idea that you thought it was. Many of the major business successes started this way.