Startup Professionals Musings

SEPTEMBER 22, 2021

Unfortunately, most of us don’t have enough resources to bootstrap our own startups, so we are completely dependent on investors to help turn great ideas into great businesses. Investors love entrepreneurs who come across as constantly on the lookout for new ideas, and able to grasp the larger implications for market change.

Ideas 140

Ideas Entrepreneur Equity Resource 140

Startup Professionals Musings

MAY 28, 2016

I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team.

Ideas 62

Ideas Outsource Development Startup Competition 62

Startup Professionals Musings

SEPTEMBER 30, 2023

As a business advisor, I meet many business professionals and aspiring entrepreneurs who are anxious to be their own boss , or have an innovative idea to start or acquire a new business. He also still gets excited to donate one percent of sales to environmental groups around the world. Document and communicate a solid business plan.

Startup 94

Startup Ideas Metrics Entrepreneur 94

Startup Professionals Musings

JUNE 18, 2023

investors invest in people, not ideas) Effective and timely go-to-market. Have you projected sales and marketing costs, cash flow, and capital requirements? Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow.

Startup 112

Startup Coach Metrics Marketing 112

socalTECH

DECEMBER 20, 2017

In the meantime, we’ll continue publishing thoughts and ideas we’ve learned from great product managers here. It means competition is more fierce because formidable new competitors can arrive overnight. At long last, product managers could collect feature ideas from users at scale. Read on for our top posts from 2017! ??

Technical Review 100

Technical Review Metrics Ideas Product 100

Startup Professionals Musings

AUGUST 18, 2018

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Idea management. New product process.

Entrepreneur 64

Entrepreneur Coach Metrics Competition 64

Startup Professionals Musings

AUGUST 27, 2023

Measure progress through metrics on sales, revenue, and penetration. These start with your brand image, search visibility and process, and extend to the actual sales transaction. Seek customer feedback on ways to improve value and satisfaction. Seek to dominate your market over competitors.

Customer 91

Customer Custom Marketing Startup 91

Startup Professionals Musings

AUGUST 13, 2022

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. Having a great idea in the wrong place won’t get you the funding you need, the experienced domain experts you want, or the pilot market results you need for survival.

Technical Review 123

Technical Review Oracle Software Review Ideas 123

Startup Professionals Musings

AUGUST 12, 2015

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the key to long-term value and a sustainable competitive advantage. Idea management. New product process.

Entrepreneur 101

Entrepreneur Startup Coach Metrics 101

Startup Professionals Musings

SEPTEMBER 21, 2020

investors invest in people, not ideas) Effective and timely go-to-market. Have you projected sales and marketing costs, cash flow, and capital requirements? Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow.

Startup 156

Startup Coach Metrics Marketing 156

Startup Professionals Musings

AUGUST 14, 2016

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Idea management. New product process.

Coach 64

Coach Metrics Competition Ideas 64

Both Sides of the Table

SEPTEMBER 10, 2021

However, to be a great VC you have to hold two conflicting ideas in your head at the same time. They might be ideas they hatch internally (via a Foundry) or a founder who just left SpaceX and raises money to search for an idea. On the one hand, you’re over paying for every investment and valuations aren’t rational.

Venture Capital 471

Venture Capital Writing Invest Pricing 471

Startup Professionals Musings

FEBRUARY 5, 2020

Funding is depleted before customer sales ramp up. Your customers and competition make unexpected moves. Competitors see the value of your idea, and the good ones move fast. Smarter entrepreneurs don’t wait for a crisis to drive change, by defining key milestones and metrics for tracking progress.

Startup 131

Startup Entrepreneur Examples Customer 131

Startup Professionals Musings

MAY 24, 2015

I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team.

Outsource Development 99

Outsource Development Startup Competition Ideas 99

TechCrunch LA

SEPTEMBER 7, 2021

In today’s highly competitive ad environment, both content and data are kings. It’s different than working with a group like us that’s trying to optimize every small piece of the funnel, and being accountable for the entire funnel to drive as much sales or revenue. The key takeaway?

Commerce 211

Commerce Content Marketing Startup 211

Startup Professionals Musings

MAY 23, 2012

Not every idea can, or will, be a winner. This should include at least the key elements of idea generation, prioritization, prototyping, commercialization, and measurement. Successful innovation turns ideas into money, to enhance customer value, and thus shareholder value. Idea management. This is an imperative.

Coach 98

Coach Ideas IP Sales 98

Startup Professionals Musings

OCTOBER 11, 2019

Define metrics to measure what you want to achieve. For example, measuring marketing team members on sales leads may not get you the revenue growth or trust you expected. Respectful conflict surfaces and refines new ideas. Granting trust is a strong signal that motivates returning the favor.

Mentor 98

Mentor News Summary Coach 98

Startup Professionals Musings

JULY 25, 2018

They are so immersed in their mission and their own ideas, that they find it hard to change their focus to nurturing new employees, and making sure the people have the same passion and motivation for the solution. Establish metrics on the culture, as well as the product. Provide an inviting and appropriate work environment.

Metrics 57

Metrics Startup Netflix Customer 57

Startup Professionals Musings

AUGUST 13, 2012

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. First of all, any good business plan should demonstrate that you have done the homework to be an expert in your industry, and in what it takes to build a successful business from your idea.

Competition 113

Competition Metrics Startup Invest 113

Startup Professionals Musings

NOVEMBER 9, 2019

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. Having a great idea in the wrong place won’t get you the funding you need, the experienced domain experts you want, or the pilot market results you need for survival.

Startup 97

Startup Technical Review Oracle Software Review 97

InfoChachkie

MARCH 9, 2019

As a Professor at UC Santa Barbara , I constantly battle Hollywood’s stereotype of the rapacious, maniacal businessperson, by teaching my students that Honesty is a competitive advantage. Measure What Matters – The McDonald brothers were dogmatic about tracking metrics. In short, he was smitten.

Startup 100

Startup Netflix Entrepreneur Metrics 100

Startup Professionals Musings

OCTOBER 8, 2018

Yet in my talks with these executives, they are unaware of the issues, or have no idea how to change processes at the rate of change today. It takes a well-rounded and motivated team to run a competitive business today. You need to communicate quantified and updates goals quarterly, including the metrics to assess progress and success.

Technical Review 84

Technical Review Customer Custom Startup 84

Both Sides of the Table

DECEMBER 27, 2011

The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. “COGS” represents the amount that each sale costs you.

Startup 418

Startup Venture Capital Sales Technical Review 418

Startup Professionals Musings

MARCH 9, 2011

Not every idea can, or will, be a winner. This should include at least the key elements of idea generation, prioritization, prototyping, commercialization, and measurement. Successful innovation turns ideas into money, to enhance customer value, and thus shareholder value. Idea management. This is an imperative.

Coach 93

Coach Ideas IP Sales 93

Startup Professionals Musings

MAY 13, 2011

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. First of all, any good business plan should demonstrate that you have done the homework to be an expert in your industry, and in what it takes to build a successful business from your idea.

Competition 116

Competition Metrics Startup Sales 116

InfoChachkie

JANUARY 16, 2018

Without taking a dime of outside capital, the company has achieved impressive success in a competitive, SaaS market segment, landing companies such as Nike, Intuit, NASA, AutoDesk and PBS. The problem is that stakeholders, like marketing and sales, don’t know what the latest version of the roadmap is. and what we wanted to avoid.

Venture Capital 115

Venture Capital Entrepreneur Santa Barbara SaaS 115

Startup Professionals Musings

DECEMBER 8, 2018

investors invest in people, not ideas) Effective and timely go-to-market. Have you projected sales and marketing costs, cash flow, and capital requirements? Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow.

Startup 81

Startup Coach Metrics Marketing 81

SoCal CTO

JUNE 9, 2010

Guide to Evaluating Startup Ideas - Tony Wright dot com , May 27, 2010 A great developer I once worked with was kvetching at lunch one day. He’d been working at a well-funded startup for about a year and had come to terms with the fact that the startup was really a pretty dumb idea. Below are 50 ideas for step 2. We get it!

Startup 248

Startup Venture Capital Conference Social Media 248

Startup Professionals Musings

JULY 31, 2017

When you are starting a business with an exciting new idea, it’s easy to dismiss potential competitors as not being in the same space, or too fat, dumb, and happy to be concerned that you even exist. What metrics should you use to measure success? Just because Google sales hit $1.5

Metrics 58

Metrics Resource Startup Training 58

Startup Professionals Musings

APRIL 9, 2012

Your competitive advantage. Identify your sustainable competitive advantage, like unique benefits, cost savings, or industry ties. Don’t kill your credibility by saying you have no competition. Outline your sales and marketing strategy (direct marketing, sales channel, viral marketing, and lead generation).

Summary 97

Summary Writing Competition Sample 97

Startup Professionals Musings

NOVEMBER 4, 2016

investors invest in people, not ideas) Effective and timely go-to-market. Have you projected sales and marketing costs, cash flow, and capital requirements? Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow.

Entrepreneur 93

Entrepreneur Startup Coach Metrics 93

Startup Professionals Musings

MAY 16, 2015

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. Having a great idea in the wrong place won’t get you the funding you need, the experienced domain experts you want, or the pilot market results you need for survival.

Startup 109

Startup Technical Review Oracle Software Review 109

Both Sides of the Table

NOVEMBER 14, 2017

As the idea went from innovating on software & systems to launching a company to rolling it out in the field brought on Rahul Gandhi as his co-founder to physically launch the company. We have been able to build deep customer insights on product, pricing, service, geography, competition, etc.

Startup 286

Startup Technical Review Customer Custom 286

Startup Professionals Musings

DECEMBER 2, 2017

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. Having a great idea in the wrong place won’t get you the funding you need, the experienced domain experts you want, or the pilot market results you need for survival.

Sites 59

Sites Startup Technical Review Oracle 59

Startup Professionals Musings

FEBRUARY 3, 2011

Your competitive advantage. Identify your sustainable competitive advantage, like unique benefits, cost savings, or industry ties. Don’t kill your credibility by saying you have no competition. Outline your sales and marketing strategy (direct marketing, sales channel, viral marketing, and lead generation).

Summary 90

Summary Writing Competition Sample 90

Startup Professionals Musings

APRIL 22, 2010

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. First of all, any good business plan should demonstrate that you have done the homework to be an expert in your industry, and in what it takes to build a successful business from your idea.

Invest 74

Invest Tips Competition Metrics 74

Startup Professionals Musings

DECEMBER 7, 2013

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. Having a great idea in the wrong place won’t get you the funding you need, the experienced domain experts you want, or the pilot market results you need for survival.

Startup 102

Startup Technical Review Oracle Entrepreneur 102