Competition Ideas Outsource 
InfoChachkie
JUNE 4, 2012
Attempt To License An Idea. Rationale: My idea is so mind-blowingly fantastic, I can sit back and collect licensing fees while someone else does all the work required to turn my idea into a successful business. Fallacy: Ideas are worthless, while skillful execution is priceless. Grant Exclusivity.
Startup Professionals Musings
MARCH 2, 2020
One thing I have learned the hard way in business is that implementing new ideas is usually much more difficult than conceiving the idea in the first place. That’s why I caution my aspiring entrepreneur clients against proclaiming to investors that they are a great “idea” person. For example, I have a friend with a Ph.D.
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Startup Professionals Musings
AUGUST 10, 2020
I find that many entrepreneurs are so passionate about their own idea that they can’t stop selling it to potential partners. Outsourcing to expert freelancers or business partners is often a better solution for startups than managing everyone into the inside team. Let candidates educate you on attributes you need and they bring.
Both Sides of the Table
MARCH 3, 2013
We also spoke about technology systems in the perspective of global competition. But “on capital employed” encourages companies to push more off balance sheet and thus into offshore & outsourced situations. He spoke about ROCE (return on capital employed). We had a brief chat on his views of “Freemium.”
Startup Professionals Musings
AUGUST 23, 2015
These days, everyone wants to be an entrepreneur, pitching their latest and greatest new idea, and looking for someone to give them money. Talk is cheap, but entrepreneurs who show you a working model of their idea know how to execute. Many ideas I hear sound great, but I have no idea if they can be implemented.
Both Sides of the Table
MARCH 30, 2011
Nobody really knows whether or not the idea is yet going to be big, so I believe in not over capitalizing too early. If you’re creating truly innovative products, you often have no idea whether the proverbial dog will eat the dog food. I had my sales teams telling me we needed certain features to be competitive.
Startup Professionals Musings
MAY 16, 2020
That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Watch that patent provide a real barrier to competitive entry. Increasing customer focus and loyalty.
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