Berkonomics

JULY 20, 2023

An important part of the budget is expected revenue for the coming year, a critical factor in setting hiring and resource expectations for the year. Otherwise, it is the expectation of the board of directors of a company that each year’s budget be approved in advance and adhered to as long as revenue goals are met.

Resource 291

Resource Email Competition Entrepreneur 291

InfoChachkie

DECEMBER 16, 2013

Tracy DiNunzio, Founder and CEO of Tradesy , recently shared her insights regarding the best approach for entrepreneurs to address competition. Tracy addressed the issue of competition head on, telling the largely student audience, "As I started to think about launching Tradesy, I looked around and there was a lot of competition but.

Competition 254

Competition SaaS Santa Barbara Entrepreneur 254

Startup Professionals Musings

SEPTEMBER 23, 2020

A continuing question I hear from young entrepreneurs is whether a university degree is important to startup success, or just a distraction in achieving their purpose in the world. Both provide entrepreneurial “head start” programs for aspiring entrepreneurs, free legal guidance, and access to experienced staff members.

Entrepreneur 157

Entrepreneur Mentor Class Resource 157

Both Sides of the Table

NOVEMBER 16, 2014

One of the vivid memories I have from being a startup CEO is the feeling that most people in your company have a look in their eyes that like they can do your job as well as you. Most companies that are scaling have CFOs, heads of HR or talent. Extremely talented people are ultra competitive. How hard could it be? Startup life.

Entrepreneur 385

Entrepreneur CTO Hire Startup Sales 385

Startup Professionals Musings

AUGUST 25, 2021

In my role as mentor to business professionals, I often get the question about your potential of going out on your own as an entrepreneur, versus your current role of working for a boss at an established company. Able to marshal people and other support resources. Entrepreneurs must react and recover quickly.

Entrepreneur 158

Entrepreneur Satisfaction Ideas Social Media 158

Startup Professionals Musings

OCTOBER 4, 2021

Certainly that has been the strategy of many companies, and has worked in the past, but today’s customers and workers are looking for more. With the pervasive and instant communication of social media and the Internet, businesses can no longer hide behind the mask of their own hype, either inside the company or outside.

Competition 110

Competition Sales Customer Custom 110

Startup Professionals Musings

OCTOBER 11, 2023

Most new business owners I know feel the challenges of not enough time, money, and resources, and see these as problems rather than a competitive advantage. You won’t be doing anyone any favors by keeping resource challenges and reductions to yourself. Share constraint info and ask team to help.

Resource 111

Resource Competition Outsource Development Startup 111

Berkonomics

JANUARY 25, 2024

Entrepreneurs will have a relative willing to devote time, a school friend with business experience, professionals who charge for the service, investors with a reason to promote your success and more. We had no term for such work in those days and created the phrase “resource capitalist” to describe the person and process.

Coach 156

Coach Organization Resource Equity 156

Startup Professionals Musings

MAY 31, 2020

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Is it any wonder why so few entrepreneurs ever find the professional investors they seek? Each of these activities should have associated costs and resource requirements.

Entrepreneur 124

Entrepreneur Startup Summary Product 124

Startup Professionals Musings

MAY 5, 2014

The cost of entry for an aspiring entrepreneur has never been lower, and the total wealth of opportunities has never been larger. A while back, I focused on the e-Commerce side, so this time I wanted to highlight how a shortage of something, like natural resources, should be seen by an aspiring entrepreneur as a wealth of new startup ideas.

Resource 96

Resource Ideas Startup Commerce 96

Berkonomics

APRIL 19, 2012

Professional investors laugh when they hear an entrepreneur state, “We have no competition.” It is a failed litmus test for the entrepreneur, even if the plan is for a totally new device or service that could take the world by storm. That statement has killed more investment deals than almost any other.

Competition 189

Competition Slides Sales Ideas 189

Startup Professionals Musings

JULY 5, 2021

As I have said many times, the cost of entry for an aspiring entrepreneur has never been lower, and the total wealth of opportunities has never been larger. I was inspired by the classic book, “ Resource Revolution: How to Capture the Biggest Business Opportunity in a Century ,” by Stephan Heck and Matt Rogers.

Startup 162

Startup Resource Entrepreneur Social Media 162

Startup Professionals Musings

SEPTEMBER 19, 2022

Winning customers as an entrepreneur in a startup has many parallels to a young army trying to penetrate some formidable new and unfamiliar territory. Too many startups rush into battle early, assuming any progress will somehow give them the competitive advantage. Lining up your resources is critical, but so is time to market.

Startup 146

Startup Resource Entrepreneur Training 146

Berkonomics

AUGUST 3, 2023

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).

Venture Capital 295

Venture Capital Startup Class Invest 295

Startup Professionals Musings

AUGUST 14, 2014

In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. They simply don’t have the resources to keep ahead of large competitors who see initial traction and go after it. This approach is not convincing.

Competition 93

Competition Startup Patents Slides 93

Startup Professionals Musings

FEBRUARY 14, 2021

In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. Startups simply don’t have the resources to keep ahead of large competitors who see initial traction and go after it. Investors check connections.

Competition 166

Competition Funding Startup Patents 166

Startup Professionals Musings

DECEMBER 11, 2019

He is regarded by many as the number-one authority on virtual staffing and personal outsourcing, and is himself a successful entrepreneur based in the Philippines. I was impressed with his summary of the top ten outsourcing mistakes made by entrepreneurs, followed by real guidance on how they can and should be avoided.

Outsource Development 121

Outsource Development Outsource Entrepreneur Summary 121

Startup Professionals Musings

APRIL 21, 2023

As a startup advisor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. In my experience, finding real innovation in existing company environments is even tougher. An entrepreneur looking for a sure thing will never innovate. People are your best innovation resource.

Coach 137

Coach Metrics Competition Ideas 137

Startup Professionals Musings

JANUARY 28, 2023

Why do a few entrepreneurs, like Steve Jobs and Elon Musk, seem to come up with all the real innovations, while the majority of business leaders seem stuck in the rut of linear thinking? He connects breakthrough thinking to four initiatives, which I believe every entrepreneur should practice: Questioning deeply-held beliefs and assumptions.

Startup 128

Startup Entrepreneur Tool Ideas 128

Startup Professionals Musings

JUNE 25, 2014

Don’t bash the competition. Every investor knows how vulnerable a new startup is to competitors, so investors always ask about your sustainable competitive advantage in the marketplace. That says you are competitive today, have a real barrier to entry, and the potential to remain ahead of the competition for a long time.

Entrepreneur 110

Entrepreneur Competition Patents Resource 110

Startup Professionals Musings

DECEMBER 21, 2013

This initial focus is usually driven by limited financial and people resources, as well as the bandwidth of the executive team. Yet a creative and skilled team will often find that non-organic growth techniques can better leverage these limited resources. acquisitions business entrepreneur growth mergers organic growth'

Organization 97

Organization Competition Startup Acquisition 97

Startup Professionals Musings

MAY 30, 2020

Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. Get help with grant funding and incubator resources. Access to entrepreneurs-in-residence, business mentors.

Class 124

Class Startup Resource Mentor 124

Jason Nazar

JULY 1, 2016

Entrepreneurs often lament big companies, but most of us hope we’ll create just that. Add in public company demands, lawsuit targets, & millions of customers to continually satisfy, and you have to have great respect for those doing it well. Decisions that take entrepreneurs an hour, often take months at large companies.

Entrepreneur 55

Entrepreneur Company Companies Outsource Development 55

Startup Professionals Musings

MARCH 22, 2021

Every entrepreneur tries to maximize his startup growth by building and selling more product and services for the widest geographic area that he can support. Many entrepreneurs are paranoid about the partnership approach, and think that M&A is only an alternative for large companies who are flush with cash.

Organization 132

Organization CTO Hire Outsource Development Startup 132

Startup Professionals Musings

JUNE 25, 2022

Deciding to be an entrepreneur is a lifestyle move, and should be part of a long-term strategic plan. From my experience, and the experience of other entrepreneurs, here are the key elements you should think about as part of the process: Personal interests and aspirations. Providing minimal resources. Assess customer demand.

Startup 115

Startup Resource Training Ideas 115

Startup Professionals Musings

JUNE 3, 2023

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. A few are still trying to make a profitable business out of nurturing startups, but it’s a challenge to make money when your customer startups don’t have many resources to give.

Organization 92

Organization Incubator Startup Resource 92

Startup Professionals Musings

FEBRUARY 22, 2019

Every mature company I know is looking for more innovation from within. They are painfully aware that tenure on the list of S&P companies is shrinking – from thirty-three years back in 1964, down to twenty-four in 2016, and predicted to be just twelve by 2027. Intrapreneurs have to always think like entrepreneurs.

Company 93

Company Companies Software Review IBM 93

Startup Professionals Musings

APRIL 15, 2022

Entrepreneurs looking to innovate need to understand the execution challenge if they expect their startup to carve out a profitable niche in the marketplace, and keep innovating to build and maintain a sustainable competitive advantage. Without the necessary focus, discipline, and resources on execution, nothing happens.

Ideas 135

Ideas Startup Resource Research 135

Startup Professionals Musings

APRIL 28, 2023

Entrepreneurs seem to have blinders on when looking at competitors. If your customers would benefit by having products from both companies, you might negotiate the opportunity to include the other’s product as an add-on. No entrepreneur has all the insights they need, and none should be so arrogant as to assume they hold all the cards.

Startup 105

Startup Outsource Competition Entrepreneur 105

TechCrunch LA

MAY 20, 2021

Eano, she said, offers competitive and transparent pricing so that homeowners aren’t surprised as a remodeling project goes on. The company plans to take its new capital and “go deep into the product side.”. And in the first quarter of this year, business was up 70% year over year. Image Credits: Eano CEO and founder Stella Wu / Eano.

Technical Review 185

Technical Review Startup Venture Capital Software Review 185

Startup Professionals Musings

JUNE 30, 2021

By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. Most investors will readily admit that they invest in entrepreneur leadership, more so than innovative ideas, but they often find it difficult to separate aspiring leaders from those that are clearly extraordinary.

Coach 162

Coach Startup Resource Competition 162

Startup Professionals Musings

JULY 26, 2021

Intuitively, many entrepreneurs and businesses believe that the key to faster growth and success is more products, features, and markets. Since we all have limited resources, and can’t add more hours to the day, the result is usually more things done poorly, rather than a few key things done better than anyone else. Just ask J.C.

Startup 154

Startup Resource Entrepreneur Metrics 154

Startup Professionals Musings

AUGUST 13, 2023

Every entrepreneur and business executive knows that continuous innovation is required to survive, but most struggle with this more than any other challenge they face. The future needs to be treated as today by a team and a process that is insulated from interference, but empowered to draw on necessary performance engine resources.

Framework 96

Framework Competition Ideas IBM 96

Startup Professionals Musings

NOVEMBER 17, 2019

Traditionally, the majority of entrepreneurs have been logical thinkers, problem solvers, with full attention to details. Of course, the best solution would be a new wave of so-called whole-brain thinkers, but this term is usually reserved for Einstein and Picasso, and no entrepreneurs that I can name. Creativity is the key word here.

Entrepreneur 96

Entrepreneur Tips Guide Social Media 96

Startup Professionals Musings

JUNE 15, 2014

Winning customers as an entrepreneur in a startup has many parallels to a young army trying to penetrate some formidable new and unfamiliar territory. Too many startups rush into battle early, assuming any progress will somehow give them the competitive advantage. Lining up your resources is critical, but so is time to market.

Entrepreneur 119

Entrepreneur Resource Training Competition 119

Berkonomics

MARCH 5, 2020

In the creation of a young company, there are five principal risks to be addressed by the entrepreneur. So, it is important for the entrepreneur to identify, address and mitigate each of these in order to increase valuation and decrease the risk of ultimate loss of the business. And fifth: Competitive risk. .

Outsource Development 156

Outsource Development Ideas Resource Patents 156

Tech.Co

MAY 25, 2018

If you’re an early-stage entrepreneur, technology has served you well. The barriers to entry when it comes to launching a company require less tension and a lot less capital. Fortunately, the Startup of the Year program aims to make it easier for founders to connect with resources. BlackTech Week (Miami, FL).

Startup 141

Startup Technical Review Competition Software Review 141