Remove Competition Remove Patents Remove Sales
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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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Intellectual Property – Worthless To A Startup, Priceless To A Big Dumb Company

InfoChachkie

“Good Lord Boyet, my beauty, though but mean, Needs not the painted flourish of your praise: Beauty is bought by judgment of the eye, Not uttered by base sale of chapmen’s tongues” . Patents held by startups generally have a limited ability to reduce competition. Not All Patent Types Are Created Equal.

IP 256
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Hire for your core. Partner for the rest.

Berkonomics

Every business has an intellectual foundation where the CEO’s knowledge and vision create a barrier to entry that deflects some or much of the potential competition. Or we do so with brilliant research and development, highly trained sales forces, large advertising campaigns, or secret processes.

Patents 159
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6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

You alone will never find enough hours in a day to keep with all the challenges of sales, support, and scaling the business, in addition to developing and delivering your solution. Intellectual property is required for a competitive edge. As an angel investor myself, I’ve often heard the argument that your solution has no competition.

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Hire for your core. Partner for the rest.

Berkonomics

Every business has an intellectual foundation where the CEO’s knowledge and vision create a barrier to entry that deflects some or much of the potential competition. Patents, branding, marketing and more. Or we do so with brilliant research and development, highly trained sales forces, large advertising campaigns, or secret processes.

Patents 120
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How Deka Sounds Is Using 3D Printing For Your Next Bluetooth Headset

socalTECH

Finally, I started pushing the idea, like a vacuum cleaner sales men, showing it to retailers and vendors, and it finally caught on. I decided we''d patent a sliding mechanism on our Bluetooth, and use 3D printers to take pictures that people send to us, and my company will design a Bluetooth based on their picture, on our 3D printer.

Startup 241
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10 Steps To A New Venture That Can Change The World

Startup Professionals Musings

Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. From time to time, include customers and sales members in ideation sessions. Once a new product is launched, a key metric is the ratio of new product sales to overall sales. Accountability.

Coach 144