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How big is your ocean? A lesson in TAM, SAM & SOM

Berkonomics

You, the lonely fisherman, must weave a net to catch your fish. Should your net be large and bulky, requiring more effort and expense to weave? Or should it be small and delicate, to catch those fish that would otherwise fall through the net? How about if you have no competitors? TAM, SAM & SOM?

.Net 156
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10 Keys To Real Innovation In Your Next New Business

Startup Professionals Musings

As a startup advisor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. Whether we are talking about startups or corporations, innovation requires a leader who can inspire others to step into the unknown. An entrepreneur looking for a sure thing will never innovate. Accountability.

Coach 137
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Need money? Read this!

Berkonomics

There is a lot to say about retaining control. However, most often, these funds are solicited by a well-meaning entrepreneur from investors who are not qualified as accredited investors under the law (currently requiring a proved income of $200,000 a year or $1 million in net worth for an individual investor).

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What is the real goal for our management and company?

Berkonomics

Often, we joke together as managers of companies or of people that our goal is “world domination” or “to crush the competition.” But that is a number in a vacuum without at least two other measures: return on investment (ROI) and percentage of net profit to revenue. How about companies formed to profit and give to charity?

Company 156
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Adopt An Entrepreneur Mindset To Enhance Your Career

Startup Professionals Musings

One of the big differences between an entrepreneur and an employee of a big business is that employees tend to have a very narrow focus on their job, while entrepreneurs have to keep the broader focus on business. entrepreneurs consistently claim to be happier , and have a higher net worth than employees. In fact, U.S.

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How Great Entrepreneurs Spell Continuous Innovation

Startup Professionals Musings

As a startup investor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. Whether we are talking about startups or corporations, innovation requires a leader who can inspire others to step into the unknown. An entrepreneur looking for a sure thing will never innovate. Accountability.

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10 Steps To A New Venture That Can Change The World

Startup Professionals Musings

As a startup advisor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. Whether we are talking about startups or corporations, innovation requires a leader who can inspire others to step into the unknown. An entrepreneur looking for a sure thing will never innovate. Accountability.

Coach 144