article thumbnail

7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. The investor perspective is that no manufacturing or inventory implies a minimal need for capital up front.

Startup 111
article thumbnail

10 Business Model Components Required In Every Plan

Startup Professionals Musings

There are dozens of sources to help you construct your business model, and a good example is a classic book by venture capital investor Elizabeth Edwards, simply named “ Startup ,” which is really designed as a handbook for launching a company for less. Common choices include manufacturing in-house, outsourcing, off-the-shelf parts.

Sales 102
Insiders

Sign Up for our Newsletter

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

article thumbnail

7 Success Factors When Your People Are The Solution

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. The investor perspective is that no manufacturing or inventory implies a minimal need for capital up front.

Startup 174
article thumbnail

Scaling a Business by Cloning Yourself is Tough

Startup Professionals Musings

Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. Customers don’t like to see you learning on the job or outsourcing. You can’t measure, scale, or patent a service process that is not clearly documented.

article thumbnail

Growing A Services Business Requires Selling Yourself

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. The investor perspective is that no manufacturing or inventory implies a minimal need for capital up front.

article thumbnail

Products vs Services – Critical Success Factors

Startup Professionals Musings

Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. Customers don’t like to see you learning on the job or outsourcing. You can’t measure, scale, or patent a service process that is not clearly documented.

Product 91
article thumbnail

7 Critical Success Factors For A Services Business

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. The investor perspective is that no manufacturing or inventory implies a minimal need for capital up front.

Services 105