Startup Professionals Musings

SEPTEMBER 26, 2020

According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.

Startup 171

Startup Ideas Entrepreneur Competition 171

Startup Professionals Musings

AUGUST 9, 2023

The most elegant products have the highest price tags, thus limiting market size. Every customer has a sense of what a solution should cost, based on competition, and the cost of doing nothing. A good tack is to sell exclusivity, or provide case studies to show return on investment and productivity.

Case Study 89

Case Study Customer Custom Study 89

Startup Professionals Musings

JULY 24, 2023

We all face pressure in our lives, but there’s nothing like that of an entrepreneur facing customer crises and the competitive challenges of a new business. Thus, here is my own reframing of the authors generalized rules into some specifics for an entrepreneur or business leader: Reframe competitive threats to opportunities.

Entrepreneur 82

Entrepreneur Competition Press Commerce 82

Startup Professionals Musings

NOVEMBER 15, 2020

The most elegant products have the highest price tags, thus limiting market size. Every customer has a sense of what a solution should cost, based on competition, and the cost of doing nothing. A good tack is to sell exclusivity, or provide case studies to show return on investment and productivity.

Case Study 174

Case Study Startup Customer Custom 174

Startup Professionals Musings

DECEMBER 5, 2020

According to many studies, entrepreneurs tend to be happier , and over 80 percent of self-made millionaires are entrepreneurs. The ideal customer is one who sees so much value that price is unimportant. Maintain a meaningful competitive advantage. Businesses fail when customers don’t see real solution value.

Entrepreneur 117

Entrepreneur Sales Customer Custom 117

Xconomy

OCTOBER 28, 2016

THIS WEEK IN DRUG PRICING…. —A coalition of investors pressed drug makers to justify price increases. The group filed shareholder resolutions with 11 companies and cited a Kaiser Family Foundation poll that cited Americans’ concerns over drug prices.

Pricing 40

Pricing Conference News Study 40

Startup Professionals Musings

NOVEMBER 7, 2020

We all face pressure in our lives, but there’s nothing like that of an entrepreneur facing customer crises and the competitive challenges of a new business. Thus, here is my own reframing of the authors generalized rules into some specifics for an entrepreneur or business leader: Reframe competitive threats to opportunities.

Startup 134

Startup Entrepreneur Competition Press 134

Startup Professionals Musings

JULY 26, 2021

Maintain an intimate knowledge of the competition. Study their moves and engage your team for an analysis of updates. Avoid egotistical price wars and emotional outbursts, but make competitors think you are prepared to win at all costs. Continually move up the bar to re-test your personal limits and your team.

Startup 154

Startup Resource Entrepreneur Metrics 154

Startup Professionals Musings

JUNE 23, 2021

Studies show that peer recognition programs are often more effective than bonuses or cash rewards. More and more, I see that companies with the most fiercely loyal customers and the best image in the marketplace provide the most memorable overall customer experience, not just the lowest price or the best quality product.

Customer 147

Customer Custom Technical Review Metrics 147

Berkonomics

FEBRUARY 28, 2011

Demand pull: too much demand for a product or service and not enough supply cause a competition for the product that drives prices higher without increasing the intrinsic value of the product. Cost push: labor or parts costs increase, causing the product or service to be priced higher without adding intrinsic value.

Demand 136

Demand Resource Pricing Study 136

Berkonomics

APRIL 30, 2015

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. There are many studies that can tell us how various industries reward employees for achievement above a base pay, or beyond expectation.

Design 120

Design Competition Pricing Sales 120

Startup Professionals Musings

DECEMBER 19, 2022

Based on a classic study by the Wharton School of Business , in a survey of 11,000 MBA graduates over many years, those running their own businesses ranked themselves happier than all other professions, regardless of how much money they made. Entrepreneurs at this level will seek the minimum cost and quality to be more competitive.

Entrepreneur 110

Entrepreneur Organization Customer Custom 110

socalTECH

NOVEMBER 6, 2020

We're really focused on the consumer getting the right car at the right price. As we studied that Gen 1 and Gen 2 of the company, a few things popped out at us. There's real competition in this area. When I studied the landscape, it's clear that for our consumers, they are very price conscious.

Startup 124

Startup Pricing Platform Study 124

Both Sides of the Table

MARCH 25, 2016

So when Sam Rosen came to me with the idea of disrupting storage with a product that is priced cheaper than existing incumbents and he could build a product that is a better service I was intrigued. What price will your customer ultimately accept? Competition. If you want to succeed you need to study the competitors.

Startup 150

Startup Marketing Study SEO 150

Startup Professionals Musings

DECEMBER 9, 2018

According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.

Guide 95

Guide Startup Ideas Entrepreneur 95

socalTECH

FEBRUARY 16, 2010

We talked with Noah about how the company grew out of a business plan competition at the University of Southern California, his recent funding from the Maverick Angels, as well as how the firm hopes to stand out among a crowded list of comparison shopping sites. Did you have any prior background in this, and what were you two studying?

USC 207

USC CPC Sites Startup 207

socalTECH

APRIL 29, 2014

A number of teams have recently been looking to turn that vision into reality, as a result of the Qualcomm Tricorder Prize , a $10M competition being run by the X Prize Foundation to create a real life Tricorder. That''s essentially how the Tricoder competition was formed--it''s time for this to happen. Mann implantable device area.

Startup 262

Startup Competition Software Review UCLA 262

Xconomy

AUGUST 11, 2017

The FDA reported that generic drug approvals are set to hit a record ; the agency under Commissioner Scott Gottlieb has moved this summer to increase generic competition and lower the nation’s high drug prices. Meanwhile, drug-price hawks can sharpen their talons on a report this week from The New York Times and ProPublica.

Pricing 52

Pricing News Report Competition 52

Startup Professionals Musings

NOVEMBER 5, 2016

According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.

Startup 103

Startup Ideas Entrepreneur Competition 103

Both Sides of the Table

JANUARY 12, 2014

The starting point of product IS marketing, which is what a lot of young entrepreneurs that never studied business don’t realize. Product is simply about defining a physical good or service that would be valued by consumers of the product more than existing alternatives based on functionality, quality and/or price.

Marketing 379

Marketing Startup SEM SEO 379

Startup Professionals Musings

MARCH 27, 2020

Based on a classic study by the Wharton School of Business , in a survey of 11,000 MBA graduates over many years, those running their own businesses ranked themselves happier than all other professions, regardless of how much money they made. Entrepreneurs at this level will seek the minimum cost and quality to be more competitive.

Entrepreneur 126

Entrepreneur Organization Customer Custom 126

Tech Zulu Event

AUGUST 6, 2015

Lore’s biggest promise is that Jet members will enjoy prices “10 to 15 percent below the lowest prices online,” a bold pitch in today’s hyper-competitive retail landscape. On July 21, Jet’s launch day, Profitero conducted a study to evaluate Jet’s lowest-price promise.

Pricing 40

Pricing Commerce Startup Study 40

Startup Professionals Musings

NOVEMBER 18, 2016

The most elegant products have the highest price tags, thus limiting market size. Every customer has a sense of what a solution should cost, based on competition, and the cost of doing nothing. A good tack is to sell exclusivity, or provide case studies to show return on investment and productivity.

Product 95

Product Case Study Customer Custom 95

Startup Professionals Musings

DECEMBER 5, 2013

Startups can use social responsibility as a competitive advantage. That’s a real competitive edge that you can use in your marketing and positioning. Socially responsible products typically sell at a premium price. Customer loyalty is highest for socially conscious startups.

Startup 101

Startup Organization Entrepreneur Customer 101

Both Sides of the Table

JULY 12, 2016

People who failed to industrialize, however well intentioned one’s goals, were at a competitive disadvantage to those who had. I know not everybody will agree but I can assure you those who don’t never studied Comparative Economics or Ricardo because the theory and math are very sound. And they will eat our lunch. And Russia.

Education 150

Education Resource Class Course 150

Both Sides of the Table

NOVEMBER 4, 2010

In fact, the incumbent is usually very dismissive of this new competition as our the large buyers of the incumbent’s products. First, over time Salesforce.com’s technology got better and better yet the price didn’t shoot up dramatically relative to Siebel. They are radically lower in price. So what did happen?

Startup 376

Startup Framework Marketing Customer 376

Startup Professionals Musings

OCTOBER 24, 2012

Startups can use social responsibility as a competitive advantage. That’s a real competitive edge that you can use in your marketing and positioning. Socially responsible products typically sell at a premium price. Customer loyalty is highest for socially conscious startups.

Startup 100

Startup Organization Customer Custom 100

Xconomy

JULY 29, 2016

But the company said this week that sales of Sovaldi and Harvoni, which share a common ingredient, sofosbuvir, have slowed with fewer patients starting on the drugs and prices undercut by fierce competition from AbbVie and Merck. But our minds jumped to politics. How about we start a pool?

Startup 40

Startup Study News Report 40

Startup Professionals Musings

MARCH 14, 2013

According to a recent MIT study , only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.

Startup 105

Startup Ideas Entrepreneur Competition 105

Startup Professionals Musings

APRIL 1, 2013

Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Many businesses have found that raising the price of a product to give it status can win more customers than a price war.

Startup 100

Startup Ideas Patents Training 100

Startup Professionals Musings

MARCH 14, 2016

According to many studies, entrepreneurs tend to be happier , and 80 percent of self-made millionaires are entrepreneurs. The ideal customer is one who sees so much value that price is unimportant. Maintain a meaningful competitive advantage. Entrepreneurial thinking is focused on dominating a segment of a competitive market.

Entrepreneur 55

Entrepreneur Sales Customer Custom 55

Startup Professionals Musings

JANUARY 28, 2017

We all face pressure in our lives, but there’s nothing like that of an entrepreneur facing customer crises and the competitive challenges of a new business. Thus, here is my own reframing of the authors generalized rules into some specifics for an entrepreneur or business leader: Reframe competitive threats to opportunities.

Entrepreneur 56

Entrepreneur Competition Press Mentor 56

Startup Professionals Musings

FEBRUARY 26, 2012

Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Many businesses have found that raising the price of a product to give it status can win more customers than a price war.

Ideas 109

Ideas Entrepreneur Patents Training 109

Both Sides of the Table

JUNE 22, 2015

As a startup this is often the one true source of strong leverage in a negotiation to: Get a better price, get a longer-term commitment, get PR commitments and so forth. The beauty of these types of buying motives is that exclusivity comes at a cost to the buyer and they often don’t mind paying up to get it.

Outsource Development 150

Outsource Development Startup Customer Custom 150

Startup Professionals Musings

APRIL 8, 2013

Jim Stengel, in “ Grow: How Ideals Power Growth and Profit ” chronicles a ten-year study of the world’s fifty best businesses, including Apple, and concludes that those who centered their businesses on a culture of improving people’s lives had a growth rate triple that of competitors in their categories. Get your team right and do it quickly.

Startup 101

Startup Training Study Customer 101

Startup Professionals Musings

FEBRUARY 2, 2015

Maintain an intimate knowledge of the competition. Study their moves and engage your team for an analysis of updates. Avoid egotistical price wars and emotional outbursts, but make competitors think you are prepared to win at all costs. Continually move up the bar to re-test your personal limits and your team.

Startup 109

Startup Resource Entrepreneur Metrics 109

InfoChachkie

MARCH 21, 2019

The campaign was so successful that it ran through the 1960’s and allowed Maidenform to sell their products at premium prices, well above those of their competition. In a 1987 interview, Beatrice noted, “I was studying to be a teacher at the time, but deep down I knew I really didn’t want to teach.

Entrepreneur 100

Entrepreneur Design Customer Custom 100