article thumbnail

8 Tips For Getting Your Startup Right The First Time

Startup Professionals Musings

Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever. Building a minimum viable product, with customer validation. Over 600,000 new businesses were created in the last year, or over one per minute of every day.

Tips 161
article thumbnail

5 Tips For Startups Looking For A Great Solution Idea

Startup Professionals Musings

Equally often, I see startups who are on the road to implementing an idea, but haven’t figured out what problem it solves – the business plan waxes on eloquently for 20 pages about how great this product and technology is, but never gets around to defining the problem (investors call this the “solution looking for a problem” syndrome).

Ideas 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Tips For Managing Work Expectations On Your Time

Startup Professionals Musings

So here are some tips I have learned over the years from strong leaders that can help you say no without damaging current business relationships or future opportunities: Establish boundaries and honor them for all to see. People making a request may not understand your budget limitations, current workload, or competitive pressures.

Tips 159
article thumbnail

7 Tips To Getting A Bank Interested In Your Startup

Startup Professionals Musings

You have to get past how great the product is to address clearly what your business rationale is, why it is different from the competition's, and why it will succeed. A winning product or service. Provide a simple yet complete description of your product or service and its competitive marketplace.

article thumbnail

6 Tips to Boost Workforce Engagement and Motivation

Startup Professionals Musings

Image via Wikipedia The challenge for all of us in business is to improve competitiveness by improving employee productivity and reducing costs. According to Gartner , one of the biggest drags on productivity is employee engagement, still hovering around 30 percent, and costing our businesses over $450 billion per year.

Tips 96
article thumbnail

Energica CEO plots her Italian EV company’s reboot from lockdown

TechCrunch LA

The coronavirus pandemic has forced Energica to hit the brakes on production of its battery powered machines that can reach top speeds of 168 mph. The venture is also one of the few e-motorcycle companies drawing engineering tips from competition. Track competition is a secondary arena for Energica.

article thumbnail

4 Tips to Maximize Internet Bandwidth

Southern California Edison Blog

In the modern age, businesses rely heavily on networks to host and run their daily processes and applications, allowing employees to be productive and efficient. Not having enough bandwidth can limit what an organization is capable of and can limit overall productivity of the business. Benefits of Increased Bandwidth. 1] [link]. [1]

Tips 59