article thumbnail

73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. One of our core tasks was “market analysis,&# which consistent of: market sizing, market forecasts, competitive analysis and then instructing customers on which direction to take. People throw them around at cocktail parties.

article thumbnail

Is it YOU or your great plan?

Berkonomics

Here’s a test: Several weeks ago, we published statistics of start-up and company failures. If you read that analysis of statistics for startups and early-stage businesses, you have learned the truth that at least half of the businesses backed by professional early-stage investors will die within three years or less.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Fixing Tech’s Gender Problem Starts With Company Culture

InfoChachkie

On a micro level, you can do your part to fix tech's gender problem by recruiting people with diverse backgrounds and place them in a company culture that rewards those who challenge the status quo. One of these bright lights is Santa Barbara-based HG Data - developers of the world's largest competitive-intelligence database. <Note:

Company 100
article thumbnail

6 Information Surges Raise Huge Startup Opportunities

Startup Professionals Musings

Facebook has created an environment where millions of people can hold billions of conversations with people and companies, transforming how people expect to interact with each other and the world. More and more company and personal services are being virtualized to the Cloud. Online gaming has moved from the geeks to the mainstream.

Startup 126
article thumbnail

How big is your ocean? A lesson in TAM, SAM & SOM

Berkonomics

Some even quote the total available market (TAM) which includes market statistics for an entire niche – for products or services far removed from yours, but perhaps from the same customer base. Companies grow proportional to the size of their (SOM) market, and success cannot turn a limited market opportunity into a grand enterprise.

.Net 156
article thumbnail

6 Initiatives To Prep Your Startup For The Road Ahead

Startup Professionals Musings

The solution is to establish and maintain a culture and processes that don’t view change as a discrete event to be spotted and managed, but as an ongoing opportunity to improve competitiveness. The following initiatives that Chris and Tammie define for large companies apply just as directly to startups: Improve change awareness.

Startup 116
article thumbnail

7 Keys To A Winning Business As A Phone App Developer

Startup Professionals Musings

The price of entry can be less than $10,000, so the competition is huge and growing rapidly. Yet according to other statistics, vanishing few of these ever generate a significant profit. One of the quickest ways to become an entrepreneur these days is to develop and publish a smartphone app. Look for value points to control.

Develop 138