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6 Key Rules To Stay Competitive In The Digital World

Startup Professionals Musings

In case you hadn’t noticed, the key elements of a competitive advantage for your business have changed as businesses move online, and your domain is instantly global. As a business advisor, I have to recommend even to established companies that they review and revamp their competitive strategy now, even if it appears to be working today.

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Switching costs: A competitive advantage?

Berkonomics

Know the cost to move from your existing platform and estimate the switching costs for moving from a competitor’s product or service to yours. Email readers, continue here…] Recently, I received a hand-written letter from two co-CEOs of a company I had helped with a few hours of time. A personal story to illustrate the point.

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6 Keys To Competitive Advantage By Memorable Service

Startup Professionals Musings

In this context, even “satisfied” is only a “meets-minimum,” and does not put you ahead of your competition. This new definition applies equally to brick-and-mortar stores, as well as online platforms. An oversight or deficiency on any platform can easily cancel all other positives, and be hard to overcome.

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Curogram Selected For Publicis Startup Competition

socalTECH

Los Angeles-based health messaging startup Curogram , a new startup developing a web-based, SMS app for the healthcare market, has been selected as a finalist for the Publicis Health Media Disruption Garage Competition, according to the company.

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CapLinked Launches Pitch Competition

socalTECH

Los Angeles-based CapLinked , the developer of an online platform for managing fundraising and investors, said this morning that it has launched a new pitch competition. The firm said that judges for the competition come form Idealab, Rincon, Rapidfire, and Actarus, including Idealab's Alex Maleki and Rincon's Jim Andelman.

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What is your biggest error in company planning?

Berkonomics

It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. But many decisions were made within my company walls, and surely by competitors, based upon those numbers. Or cost estimation.

Company 156
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Do VC Platforms Make Sense?

Both Sides of the Table

In the VC insider baseball world a discussion has gone on about “VC platforms” over the past 5 or so years. While firms define platforms differently, let’s just say they are the services that a VC offers outside of investment capital and partner time on boards or providing intros.