Remove Competition Remove Design Remove Metrics Remove Writing
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5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

His challenge is to focus on one market, with a specific design, cost, and price. Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. Create a written plan, with target milestones and metrics. I have tried to convince him the general idea alone does not make a business.

Ideas 126
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5 Startup Challenges That Derail Many Entrepreneurs

Startup Professionals Musings

Yet, in the interest of full disclosure, and an honest intent to save future entrepreneurs some grief and money, I would remind you that starting any business has key dependencies on at least five major elements, including product design and delivery, the right people on the team, adequate funding, a sizable market opportunity, and marketing.

Startup 131
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Timing and why we’re all VCs

TechCrunch LA

Capitalism is fundamentally about timing, since market competition is about finding opportunities before others. Start writing down predictions about people, companies, and markets. We get at least a dozen at the TC offices every week, which is why we write about books so often around here these days. When should a VC invest?

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Joey Flores On Earbits' Life, Death, and Resurrection

socalTECH

Joey Flores: For starters, we're smart enough not to believe anything until it is in writing. We had some investors very interested but wanted us to validate some metrics, so we spent time building things to prove those metrics. The number one thing we are doing is making a competitive listening experience for our users.

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Don’t Let Investors Conclude Your Startup Is A Hobby

Startup Professionals Musings

Write down the key elements of your business plan very early, and keep it current as things evolve. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. How do you access the Internet, what servers do you need, applications required, databases designed, and backups scheduled?

Startup 107
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‘Out of Control’ Startups Fail on 8 Key Processes

Startup Professionals Musings

Even when your startup is a one-man show, you will soon find that you are “out of control,” unless you start organizing and writing down how and when key things need to get done. Write down the key elements of your business plan very early, and keep it current as things evolve. But having no process does not make you more competitive.

Startup 102
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8 Key Processes Distinguish a Business From a Hobby

Startup Professionals Musings

Write down the key elements of your business plan very early, and keep it current as things evolve. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. How do you access the Internet, what servers do you need, applications required, databases designed, and backups scheduled?