Remove Book Remove Invest Remove Patents Remove Social Media
article thumbnail

6 Cost-Cutting Recommendations For New Entrepreneurs

Startup Professionals Musings

With the appearance of do-it-yourself services on the Internet, entrepreneur curriculums at every university, and a wealth of new books on the subject, the need for expensive consultants and business advisors has also been mitigated. The same is true for filing patents, registering trademarks, and filing copyrights. Martin Zwilling.

article thumbnail

6 Keys To Funding Based On Your Marketplace Advantage

Startup Professionals Musings

This raises a big red flag with potential investors, who conclude that no competitors means no market, or you haven’t looked, and the new startup is likely not investable. Here are some of the key ones: Patent protection in place as a barrier to entry. Clear product differentiation and a singular focus.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Steps To Locking In The Right New Venture Partner

Startup Professionals Musings

An excellent example is the initiative by Elon Musk and Tesla Motors a few years ago to give away their battery patents, to infrastructure and competitive car providers, without transactional agreements. Another partnering model example is the IBM Watson Group $1 billion investment to share cloud-based development and super-computing tools.

IBM 131
article thumbnail

7 Indications Of Your Ability To Get Business Results

Startup Professionals Musings

Registered patents and other intellectual property. Many key insights to success in any business can’t be learned from books or the Internet. In this context, investors are attracted to thought-leaders visible on social media, and people with strong technical credentials. Expert in your chosen domain.

article thumbnail

6 Key Rules To Stay Competitive In The Digital World

Startup Professionals Musings

I like the summary of the competitive reality in a new book, “ Rethinking Competitive Advantage: New Rules for the Digital Age ,” by Ram Charan, who relates a wealth of current experience from global clients: Customers expect a personalized experience. Features, availability, and brand are just the price of entry.

article thumbnail

How To Pick Your Focus For Your Next Business Venture

Startup Professionals Musings

This point was illustrated well in the classic book, “ The Power of Positive Destruction: How to Turn a Business Idea Into a Revolution ,” by Seth Merrin. Professional investors normally like to invest only in billion dollar opportunities, with double-digit growth rates. Make it ready to play in all media.

Startup 96
article thumbnail

10 Quotes You Should Never Use Around A Business Plan

Startup Professionals Musings

They only want a quick overview of the product, not detailed features and patent secrets. Investors invest in the jockey, more than the horse. Business plans the size of a small book are a big turnoff to investors, and will only serve to make your business seem more complex and more risky.