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Can you guess 10 tests for your success?

Berkonomics

The dominant player in any niche controls pricing for all those under it, and often sets the risk profile for new entrants into the niche if the dominant player’s products or services fill the needs of customers at reasonable prices and quality. A core patent or “thicket” of patents protecting your offering?

Patents 286
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Here are ten vision tests for your success

Berkonomics

The dominant player in any niche controls pricing for all those under it, and often sets the risk profile for new entrants into the niche if the dominant player’s products or services fill the needs of customers at reasonable prices and quality. A core patent or “thicket” of patents protecting your offering?

Patents 291
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A heartbreaking story about time and money.

Berkonomics

In the technology sector where I most often play, extended unplanned software development cycles account for the majority of these corporate failures. And professional investors often penalize the company with lower-priced down rounds or expensive loans as a result. The financial pain of unplanned delays.

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6 Mistakes Often Made Positioning Against Competition

Startup Professionals Musings

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.” First mover advantages are only sustainable by large companies, or founders with deep pockets.

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Financing with grants, not equity or debt

Berkonomics

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. Other sources of grants.

Equity 156
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8 Inspirational Insights For Those Chasing Your Dream

Startup Professionals Musings

Every entrepreneur has an idea for transforming a market with innovative new technology, or transforming society with a new process. 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.

Startup 171
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10 Business Model Components Required In Every Plan

Startup Professionals Musings

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. Investors look for a sustainable competitive advantage, like a patent. Decide whether the product is local or international. Revenue model. How do you make money?

Sales 102