Remove .Net Remove Competition Remove Entrepreneur Remove Marketing
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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? So, is your (SOM) serviceable obtainable market large enough?

.Net 156
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10 Business Model Components Required In Every Plan

Startup Professionals Musings

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model. Target market. Sales/Marketing.

Sales 102
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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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Fish in the giant ocean – not in a shallow creek.

Berkonomics

You, the lonely fisherman, have to 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? The size of your market may well define the ultimate size of your dream.

.Net 120
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Startup 383
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6 Keys to Marketing Customer Experience vs Products

Startup Professionals Musings

Exactly what is that customer experience that every modern marketer is talking about, and how do you measure it? Entrepreneur of the Year” finalist. One metric now commonly used is called the Net Promoter® Score (NPS). Satisfied but unenthusiastic customers who can be easily wooed by the competition. Detractors.

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Entrepreneurs: The Funding Landscape Has Changed.

Berkonomics

An entrepreneur utilizes online communities to solicit pledges of small amounts of money from individuals who are typically not professional financiers. Research the Net for guidance in this arena, which is changing as laws enabling this are evolving.

Funding 192