Remove Competition Remove Demand Remove Develop Remove Patents
article thumbnail

7 Reasons To Think Globally While Still New And Local

Startup Professionals Musings

with demands for new products and services. An international brand will command higher prices and additional customer demand. As you begin to saturate the demand in domestic markets, let your brand take you international at low cost. And aging populations in Europe and Japan will join the retiring baby boomers in the U.S.

Patents 106
article thumbnail

Every New Venture Needs A Product And A Business Plan

Startup Professionals Musings

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. Development schedule and checkpoints. A product plan must include the timeline and milestones involved in product research and development.

Product 112
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 Strategies To Prepare For Global Market Challenges

Startup Professionals Musings

with demands for new products and services. An international brand will command higher prices and additional customer demand. As you begin to saturate the demand in domestic markets, let your brand take you international at low cost. And aging populations in Europe and Japan will join the retiring baby boomers in the U.S.

article thumbnail

Reduce five risks: Increase your valuation

Berkonomics

And fifth: Competitive risk. . If there are high barriers to entry with such protections as patents, long development time already spent or contracts with the major potential customers, then the risk of a competitor with more resources jumping into the frothy pool and taking advantage of the demand created by the company is minimized.

article thumbnail

Why Smart Entrepreneurs Build Plans For Their Startup

Startup Professionals Musings

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. Development schedule and checkpoints. A product plan must include the timeline and milestones involved in product research and development.

article thumbnail

Can you overcome five risks and create wealth?

Berkonomics

And fifth: Competitive risk. . If there are high barriers to entry with such protections as patents, long development time already spent or contracts with the major potential customers, then the risk of a competitor with more resources jumping into the frothy pool and taking advantage of the demand created by the company is minimized.

article thumbnail

7 Ways To Prepare For A Growing Global Opportunity

Startup Professionals Musings

with demands for new products and services. An international brand will command higher prices and additional customer demand. As you begin to saturate the demand in domestic markets, let your brand take you international at low cost. And aging populations in Europe and Japan will join the retiring baby boomers in the U.S.

Patents 106