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5 Factors Which Define The Scope Of Your Competition

Startup Professionals Musings

Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. You are never the only alternative, hopefully just the best, in price, utility, and satisfaction. Way back in 1979, Michael E. If you new vehicle costs too much, people take the bus.

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6 Tips For Combining Passion And Purpose To Stand Out

Startup Professionals Musings

Both ends of this spectrum fail to bring long-term satisfaction or success. Patagonia , a successful outdoor products company, combines building safe high-quality products with philanthropic efforts to help the environment. I recommend his tips for creating and maintaining that sweet spot: Define a personal declaration of purpose.

Tips 174
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5 Keys To Spending Your Time On The Right Work Items

Startup Professionals Musings

In an eye-opening Franklin Covey study, respondents indicated that 40 percent of their time was being spent on things that were not important to them or their companies. That means identifying the few most important roles you play in the startup right now, giving a framework for balance, motivation, and fulfillment.

Framework 153
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5 Key Initiatives Define The Ultimate Startup Leader

Startup Professionals Musings

She concludes from her work with many modern business leaders, including CEOs Bud Frankel (Frankel & Company) and Glen Tullman (7wire Ventures), that there are five pivotal decisions that propel certain entrepreneurs to be gifted leaders: The launching decision. It’s more fun when you are the entrepreneur leader you want to be.

Startup 141
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How To Incent Your Team To Find More Innovative Ideas

Startup Professionals Musings

They outline a simple process or framework for fostering team innovation, called FourSight, which is composed of four steps, capitalizing on the leader’s and other team member’s strengths and interests, that is consistent with my own experience in big companies as well as small: Clarify the situation. Marty Zwilling.

Ideas 123
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A Business Rebound is Not All Positive for Startups

Startup Professionals Musings

Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. You are never the only alternative, hopefully just the best, in price, utility, and satisfaction. competition entrepreneur startup Michael Porter five forces framework business' It’s a painful end.

Startup 80
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5 Pivotal Decisions That Define A Great Entrepreneur

Startup Professionals Musings

She concludes from her work with many modern business leaders, including CEOs Bud Frankel (Frankel & Company) and Glen Tullman (7wire Ventures), that there are five pivotal decisions that propel certain entrepreneurs to be gifted leaders: The launching decision. It’s more fun when you are the entrepreneur leader you want to be.