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6 Key Rules To Stay Competitive In The Digital World

Startup Professionals Musings

In case you hadn’t noticed, the key elements of a competitive advantage for your business have changed as businesses move online, and your domain is instantly global. As a business advisor, I have to recommend even to established companies that they review and revamp their competitive strategy now, even if it appears to be working today.

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6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.

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8 Key Startup Drivers Bring Pleasure As Well As Sweat

Startup Professionals Musings

Aspiring entrepreneurs ask me why their great idea hasn’t sold; they talk about it endlessly, and they expect others to do the development, finance, and marketing work for them. It can also be very inspiring, as you watch your dream morph into reality, or as you feel each little element of success: Watch your team develop new skills.

Startup 160
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7 Reasons To Think Globally While Still New And Local

Startup Professionals Musings

with demands for new products and services. Software can be developed “offshore” for a low cost, manufacturing volumes are quickly available from China, and European designs have increased opportunities in every country. However, to gain a true competitive edge, you still need to implement effective solutions first at the local level.

Patents 106
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Every New Venture Needs A Product And A Business Plan

Startup Professionals Musings

Just for clarification, I characterize a product plan as a formal description of your product or service, with a quick business description at the end for effect. This section of the product plan details every element of the product or service that is your solution. Development schedule and checkpoints.

Product 112
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5 Ways To Give Now For A Future Competitive Advantage

Startup Professionals Musings

The new paradigm, driven by disruptive technologies, cloud-served supercomputing, and the new generation of young adults with global empathy, is partnering and giving something now for a competitive advantage in the future. A partnership was announced with the City of New York, to connect and grow NYC's startup ecosystem.

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Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

So when he saw the browser it instantly dawned on him that this would be the greatest customer development tool ever. Yes, long before Yelp or any similar service. But also when you’re developing so is your competitor. We talked about patents. So he founded … wait … CitySearch.