article thumbnail

Switching costs: A competitive advantage?

Berkonomics

Know the cost to move from your existing platform and estimate the switching costs for moving from a competitor’s product or service to yours. Email readers, continue here…] Recently, I received a hand-written letter from two co-CEOs of a company I had helped with a few hours of time. So, email was out.

article thumbnail

8 Work Trends Driven By New Ventures And Competition

Startup Professionals Musings

Both are required to stay competitive. An increasing number of startups are adopting a BYOD policy, realizing that individuals have their own preferences in the way they access data, collect emails or ‘chat’ to colleagues. Use of collaborative and other social media platforms. They are now actively recruited for many roles.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

20 Best Free and Paid Tools for Startups in 2023

Tech.Co

But while competition remains fierce, the advancement and accessibility of smart solutions are making it easy than ever for startups to find their feet. Business tools — from customer relationship management ( CRM ) platforms to accounting software — help to save startups time and money by automating key processes and maximizing efficiency.

Tool 128
article thumbnail

An Entrepreneur Platform To Put You Above the Crowd

Startup Professionals Musings

According to many experts, including Michael Hyatt, in his book, “ Platform: Get Noticed in a Noisy World ,” you need to build the highest platform you can, to stand out and be heard above all the rest. If these are not complete and consistent, your platform will always be splintered and lost in the noise.

Platform 105
article thumbnail

9 Innovative Startups To Watch For in 2024

Tech.Co

Sign up to Tech.co's weekly newsletter today Please fill in your name Please fill in your email Subscribe By signing up to receive our newsletter, you agree to our Privacy Policy. Calendly Calendly is an online scheduling platform popular among business and personal users. You can unsubscribe at any time.

Startup 210
article thumbnail

6 Information Surges Raise Huge Startup Opportunities

Startup Professionals Musings

Surdak emphasizes that the goal is to either mitigate some of the pressure caused by data growth or to put that pressure to work for you in growing your startup and remaining competitive: Focus: play to your strengths. Use internal collaboration platforms, then extend to online customers through your website, blogs, and social media.

Startup 126
article thumbnail

Using Technology to Realize a Competitive Advantage

Tech Zulu Event

Computers and the Internet have now brought in a new era that relies on data to make profitable business decisions in the competitive environment. Below is a full explanation of how small businesses can leverage technology to earn a competitive advantage in the marketplace. CRM Platforms. Cloud Services. Analytics Software.