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6 Keys To Convince Investors Of Your Competitive Edge

Startup Professionals Musings

Most entrepreneurs are quick to assert to potential investors that their product or solution will kill the competition, but unfortunately your opinion alone is not enough to convince most experienced investors. We want to see a documented business plan that clearly addresses this challenge.

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6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

It starts with documenting and communicating a real purpose and mission in terms everyone can get excited about. Intellectual property is required for a competitive edge. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies. Neither is good.

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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.

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Every New Venture Needs A Product And A Business Plan

Startup Professionals Musings

Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. Opportunity segmentation and competitive environment. Now let’s talk about the basic components of a business plan. Provide details on the business model.

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7 Success Factors When Your People Are The Solution

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.

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10 Quotes You Should Never Use Around A Business Plan

Startup Professionals Musings

The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I They only want a quick overview of the product, not detailed features and patent secrets. I don’t have a business plan, but the technology is disruptive.”

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Intellectual Property – Worthless To A Startup, Priceless To A Big Dumb Company

InfoChachkie

Patents held by startups generally have a limited ability to reduce competition. The average time required to obtain a patent is 36-to-40 months, during which there is no guarantee your adVenture will ultimately receive patent protection. Thus, if a startup team asks, “What is this patent worth to us?”,

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