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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. Opportunity segmentation and competitive environment. Is it any wonder why so few entrepreneurs ever find the professional investors they seek?

Product 112
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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.

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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.

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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. Opportunity segmentation and competitive environment. Is it any wonder why so few entrepreneurs ever find the professional investors they seek?

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7 Strategies To Create Your Own Market And Win Bigger

Startup Professionals Musings

Steve Jobs proved it with the iPhone, and Elon Musk can’t produce his electric cars fast enough to keep up with demand. However, such changes don’t yet happen automatically, so it still takes proactive strategies and key actions to create new demand where none exists. Use social media and the media to build demand for change.

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6 Success Stages Every Entrepreneur Idea Has To Pass

Startup Professionals Musings

Find out if something very similar is already selling, and who your competition would be if you proceed. File at least a provisional patent and one or more trademarks. Be wary of crafty shysters who will flood your mailbox with official-looking mail offering to help for a fee, or demanding fees you forgot to pay.

Ideas 136
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Address the five risks to 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.