Remove Competition Remove Equity Remove Patents Remove Pricing
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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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8 Key Startup Drivers Bring Pleasure As Well As Sweat

Startup Professionals Musings

Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweat equity or just sweat. You have figured out how to undercut your competitor’s price, and still hold your margin. Love that sustainable competitive advantage. Bask in the success as it happens.

Startup 160
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7 Keys To A Compelling Investor Executive Summary

Startup Professionals Musings

" Investors want to buy into an entrepreneur with a startup that can provide evidence of an ability to double customer productivity, at half the cost, with patented technology. Include your sustainable competitive advantage. Quantify all the key elements of the equation, including price, margin and volume.

Summary 101
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Inspiration Without Perspiration is a Dull Startup

Startup Professionals Musings

Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweat equity or just sweat. You have figured out how to undercut your competitor’s price, and still hold your margin. Love that sustainable competitive advantage. Bask in the success as it happens.

Startup 100
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10 Answers That Make Your Startup Plan Investable

Startup Professionals Musings

This is also the place to first mention patents and any other differentiators that put you ahead of competition. Every new offering has competition and alternatives, so it’s not credible to claim no competitors. How big is the funding request, and how much equity will you give?

Invest 108
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Most Entrepreneurs Need to be Inspired to Perspire

Startup Professionals Musings

Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweat equity or just sweat. You have figured out how to undercut your competitor’s price, and still hold your margin. Love that sustainable competitive advantage. Bask in the success as it happens.

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Innovation to an Existing Business Can Limit Risk

Startup Professionals Musings

Look how the Japanese entered the auto industry, or how McDonalds imitated White Castle, or how Wal-Mart “perfected” the low-price high-volume approach. Of course, the first one gets the patent. But patent disclosure requirements often make imitation easier, and smart technologists can work around most patents anyway.

Patents 84