Startup Professionals Musings

JUNE 15, 2020

As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition. Every business area has competition and every customer has alternatives, so a smart entrepreneur needs to acknowledge these as a positive in defining a big market, and position the features of a new solution in this context.

Competition 125

Competition Entrepreneur Patents Custom 125

Berkonomics

OCTOBER 12, 2023

Let’s examine the relationship between time, quality and competitiveness. Here’s an example some of remember well… A marginal example was the Intel release of the Pentium Pro and new Pentium II processor to rave reviews – until a math professor found an obscure error in the chip’s code that made a rare floating-point calculation error.

Software Review 156

Software Review Examples Competition News 156

Tech Coast Venture Network

AUGUST 11, 2015

While Google still gets stellar reviews for pay, perks and advancement, there are also some employees who note growing pains that you’d expect from such a huge company, including the stress associated with a competitive environment. Even the best examples of culture on this list have detractors.

Examples 100

Examples Company Companies Google 100

Tech Coast Venture Network

AUGUST 11, 2015

While Google still gets stellar reviews for pay, perks and advancement, there are also some employees who note growing pains that you’d expect from such a huge company, including the stress associated with a competitive environment. Even the best examples of culture on this list have detractors.

Examples 100

Examples Company Companies Google 100

Startup Professionals Musings

AUGUST 10, 2020

For example, Richard Branson, CEO of Virgin Group, with no technical background at all, has started and run many technical companies, including the futuristic Spaceship One and an orbital space launch system, and reportedly does his own social media work.

Competition 174

Competition High Tech Startup Social Media 174

Berkonomics

JULY 19, 2018

Dell is a great example of emphasis upon fast, creating a customized computer in 48 hours or less, bringing in assemblies and components just-in-time to make the assembly line. Dell’s response would be something like “Quality custom computers more quickly than the competition.” More examples of fast above better.

Competition 226

Competition Examples Customer Custom 226

Startup Professionals Musings

AUGUST 14, 2014

First to market, for example, is not normally a sustainable advantage for startups. Competition for your new hydrogen fuel auto engine is not limited to other hydrogen auto engine offerings, or even other autos. Prior recognition and visibility in the target market is invaluable from a competitive perspective. Marty Zwilling.

Competition 93

Competition Startup Patents Slides 93

Both Sides of the Table

JANUARY 29, 2010

Competitiveness - One attribute that I believe most VCs look for in entrepreneurs is competitiveness. If you stumble on to a really good idea believe me it will get competitive really quickly. I know that people who aren’t competitive always find competitive people slightly distasteful. Simple example.

Competition 296

Competition Entrepreneur Startup GRP Partners 296

Startup Professionals Musings

OCTOBER 31, 2018

The only “sustainable competitive advantage” in business is self-awareness. For example, one of my core values is timeliness for completed work and meetings, so I may judge people and results harshly when they violate my limits. It’s a recipe for disaster. Understand your feelings to recognize what bothers you.

Competition 81

Competition Startup Examples Coach 81

Startup Professionals Musings

SEPTEMBER 13, 2014

As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition. Every business area has competition and every customer has alternatives, so a smart entrepreneur needs to acknowledge these as a positive in defining a big market, and position the features of a new solution in this context.

Competition 107

Competition Entrepreneur Patents Custom 107

Startup Professionals Musings

DECEMBER 21, 2013

An example of a startup which used non-organic growth early and effectively was Microsoft. Some people feel that organic growth is “better” because it requires real innovation and sustained effort to create long-term competitive advantage through differentiation and efficiency. Even mergers and acquisitions (M&A) came quickly.

Organization 97

Organization Competition Startup Acquisition 97

Berkonomics

NOVEMBER 24, 2022

Yet, there are constant examples of new entrants into a niche that do grow, prosper and sometimes even become dominant. What if you had abandoned that market, reallocated your resources, and focused instead upon other non–competitive geographical or industry segments? At least that is the conventional wisdom. Quietly abandon a niche?

Resource 156

Resource Competition Examples Custom 156

Startup Professionals Musings

FEBRUARY 14, 2021

First to market, for example, is not normally a sustainable advantage for startups. Competition for your new hydrogen fuel auto engine is not limited to other hydrogen auto engine offerings, or even other autos. Prior recognition and visibility in the target market is invaluable from a competitive perspective. Marty Zwilling.

Competition 166

Competition Funding Startup Patents 166

Startup Professionals Musings

FEBRUARY 25, 2018

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. FabLab s is an example of a new class of facilities for entrepreneurs to start experimenting early.

Competition 60

Competition IBM IBM Startup 60

Startup Professionals Musings

DECEMBER 10, 2022

Thus if you want to change the world with your new business, you need to follow the example of startups like Zappos , which hires according to cultural fit first. Examples include work time flexibility, transportation assistance, exercise opportunities at work, and rewards for setting the right example. Start today.

Examples 145

Examples Mentor Activity Product 145

Berkonomics

AUGUST 17, 2017

Let’s examine the relationship between time, quality and competitiveness. A marginal example was the Intel release of the Pentium Pro and new Pentium II processor to rave reviews – until a math professor found an obscure error in the chip’s code that made a rare floating-point calculation error.

Software Review 243

Software Review Examples Competition News 243

Both Sides of the Table

AUGUST 11, 2021

eCommerce for example grew 39% just last year - so there’s simply more demand. This is accomplished through aggregated, anonymized competitive benchmarking, market-level performance data across the major social and ad platforms, and curated news and conversation from industry leaders.

Product 424

Product Platform Advertising Acquisition 424

Startup Professionals Musings

NOVEMBER 9, 2022

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. FabLab s is an example of a new class of facilities for entrepreneurs to start experimenting early.

IBM 131

IBM IBM Startup Examples 131

Berkonomics

OCTOBER 21, 2021

Salaries or hourly wages must be within reasonable limits set by the industry and matched by the competition, both regionally and for the same job classification. And there are some industries where tools such as stock options are considered mandatory for a company to be competitive. More examples of gaming the system.

Design 156

Design Examples Competition Pricing 156

Startup Professionals Musings

JULY 27, 2022

I call this linear thinking , and it’s a sure way to be ultimately overrun by your competition. For example, BlackBerry was really the first in the smart mobile phone market, but they never thought beyond their tiny physical keyboard as they added new features. Always practice thinking outside the box.

Competition 139

Competition Examples Custom Customer 139

Berkonomics

FEBRUARY 9, 2023

Here’s a striking example. The most striking example was the one hundred million–dollar purchase of one of my companies by a New York private equity investor using only five million of its cash. Just think of the second tool, terms, you can use creatively to bridge that gap, whether driven by seller’s ego or competitive necessity.

Pricing 156

Pricing Sales Examples Tool 156

Startup Professionals Musings

MAY 14, 2021

For example, I believe that Starbucks surprised most people by proving that they could take a commodity business, a coffee shop, and make it a worldwide profit winner, just by justifying premium pricing with a quality product, the right locations, personalized service, and appealing to the professional customer personas.

Pricing 145

Pricing Startup Competition Examples 145

Startup Professionals Musings

AUGUST 13, 2023

He succinctly outlines the key behaviors that I believe every business leader must focus on, to drive innovation without waiting for the next competitive crisis: Avoid the assumption that current gifts will keep on giving. A business that relies on static skill replacement is falling behind, and ripe for the next competitive crisis.

Framework 96

Framework Ideas Competition IBM 96

Berkonomics

JUNE 3, 2021

An often-expressed example seems to come from the salesperson who quotes a larger number of users or customers than the facts support. In one example in an industry that I know well, there are direct customers and then central systems that in turn support direct customers. Yes, we’ve seen gray areas.

Customer 156

Customer Custom Examples Competition 156

Startup Professionals Musings

NOVEMBER 29, 2021

The most competitive startups do both, all the time and every time. In today’s competitive world, with its accelerating rate of change, no competitive advantage lasts long. The only sustainable competitive advantage is creativity. Creativity is the ultimate competitive advantage. Maximize diversity.

Competition 135

Competition Netflix Ideas Metrics 135

Startup Professionals Musings

NOVEMBER 20, 2022

Now these principles are complicated by the worldwide instant access to many competitive alternatives, indirect social and environment impacts, and the velocity of change enabled by the pervasive market move to digital. These principles include the following: Free and ultra-low cost may no longer be competitive.

Customer 103

Customer Custom Competition Netflix 103

Berkonomics

APRIL 9, 2020

A shocking example of operations affecting cash control. If the time to market is slowed by inefficient development, the risk of a competitive product overtaking yours increases dramatically. Efficiency in development pays off in less cost and earlier competitive products, often producing greater market share in the process.

Competition 156

Competition Sales Marketing Product 156

Startup Professionals Musings

FEBRUARY 15, 2021

For example, I once worked for a small software company selling a sophisticated enterprise workflow solution. This example illustrates only the first of six potential growth wins provided by creative coopetition between startups, as well as larger companies. Ability to up-sell customers with related products.

Startup 173

Startup Outsource Development Examples Custom 173

Both Sides of the Table

OCTOBER 26, 2020

leadership, mentorship, competitiveness, communications, relationship-building?—?and For example, we’re now already well into our third growth fund that we started in 2015 (the first returned 2x cash in 3.5 He launched our scout program as an example. She had all of the skills and traits we sought?—?leadership,

Venture Capital 361

Venture Capital Startup Invest CitySearch 361

Startup Professionals Musings

NOVEMBER 23, 2020

He succinctly outlines the key behaviors that I believe every business leader must focus on, to drive innovation without waiting for the next competitive crisis: Avoid the assumption that current gifts will keep on giving. A business that relies on static skill replacement is falling behind, and ripe for the next competitive crisis.

Tips 160

Tips Framework Ideas Competition 160

Startup Professionals Musings

DECEMBER 2, 2022

There are no “overrides” – for example, businesses don’t thrive just because they offer the latest technology, or because everyone wants to be “green,” or because their goal is to reduce world hunger. Competition. Investors look for a sustainable competitive advantage, like a patent. How many competitors do you have?

Sales 102

Sales Customer Custom Outsource 102

Tech Zulu Event

MARCH 19, 2015

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. Cloud Services. CRM Platforms. Images via Shutterstock. .

Competition 40

Competition Technology Social Media Tips 40

Startup Professionals Musings

JULY 30, 2021

While you all recognize that reacting to weak market signals is critical to staying in business and staying competitive, I find that many don’t have the skills and focus to trigger change decisions on a timely basis. An example is the transportation industry moving to electric – key player positions are changing rapidly.

Marketing 162

Marketing Social Media Metrics Custom 162

Startup Professionals Musings

JUNE 30, 2021

For example, a couple of years ago, Starbucks' CEO Kevin R. The most effective leaders marshal existing resources and incent people to create innovative yet competitive solutions. True leaders don’t let their ego or competitive nature create a façade. Create innovative change from existing resources.

Coach 162

Coach Startup Resource Competition 162

Startup Professionals Musings

JANUARY 22, 2022

A related “red flag” in a business plan is a missing competitive analysis section, or a short paragraph that essentially says, “this product has no competition.” My reaction is, if there is no competition, then there is no market demand for your product, so why are you building it? Make something cheaper and easier to use.

Ideas 145

Ideas Startup Tips Competition 145

Startup Professionals Musings

MARCH 11, 2020

Thus if you want to change the world with your new business, you need to follow the example of startups like Zappos , which hires according to cultural fit first. Examples include work time flexibility, transportation assistance, exercise opportunities at work, and rewards for setting the right example. Start today.

Product 129

Product Examples Mentor Activity 129

Startup Professionals Musings

NOVEMBER 18, 2019

The challenge is that too many are confused on what that means for them, and what it takes to make their business competitively agile. These authors, and I agree, define agility in business as the ability to detect and assess changes in the competitive world in real time, and then take decisive and effective action.

Competition 102

Competition Examples Startup Resource 102