Southern California Edison Blog

DECEMBER 8, 2021

By leveraging managed network services , startups can offload time-consuming maintenance tasks and strengthen their IT infrastructure to increase their competitiveness. . Since tech startups have more limited budgets compared to larger companies, making decisions around where to invest resources can be difficult.

Networking 97

Networking Services Startup Resource 97

Startup Professionals Musings

OCTOBER 11, 2023

Most new business owners I know feel the challenges of not enough time, money, and resources, and see these as problems rather than a competitive advantage. You won’t be doing anyone any favors by keeping resource challenges and reductions to yourself. Share constraint info and ask team to help.

Resource 111

Resource Competition Outsource Development Startup 111

Startup Professionals Musings

FEBRUARY 14, 2015

In reality, resource constraints should be seen by startups a competitive advantage, by forcing them to develop new markets, and to think differently and act differently than existing players. The result, called resourcefulness, allows entrepreneurs to create opportunities in the face of scarcity. Create new kinds of solutions.

Resource 98

Resource Entrepreneur Competition Startup 98

Startup Professionals Musings

JULY 13, 2015

Every entrepreneur I know is short on resources, including time, money, and skills. Waste in a startup is any activity that spends resources, but creates no value or competitive advantage in the eyes of customers. Defective products and services. Poor quality products and poor customer service are doubly deadly wastes.

Resource 105

Resource Startup Entrepreneur Training 105

Berkonomics

JANUARY 12, 2023

Management undertakes a simple exercise of calculating the increased profitability of shutting down all R&D, sales and subordinate operations, and universally notes with shock the high net profit that results – from shutting down all operations except customer service to recurring customers (as in software support operations.).

Sales 296

Sales Customer Custom SaaS 296

Berkonomics

JANUARY 25, 2024

Entrepreneurs will have a relative willing to devote time, a school friend with business experience, professionals who charge for the service, investors with a reason to promote your success and more. We had no term for such work in those days and created the phrase “resource capitalist” to describe the person and process.

Coach 156

Coach Organization Resource Equity 156

Startup Professionals Musings

JANUARY 8, 2018

Every entrepreneur I know is short on resources, including time, money, and skills. Waste in a startup is any activity that spends resources, but creates no value or competitive advantage in the eyes of customers. Defective products and services. Poor quality products and poor customer service are doubly deadly wastes.

Resource 52

Resource Training Entrepreneur Activity 52

Berkonomics

NOVEMBER 24, 2022

And if that new strategy is proved to be true, the five-hundred-pound gorilla in that niche just moved out of the way of many of its smaller competitors, leaving a market that will surely see a scramble for new competition in the near future. Been skewered for slow customer service? The answer is found in defining the niche itself.

Resource 156

Resource Competition Examples Customer 156

Berkonomics

APRIL 19, 2012

Professional investors laugh when they hear an entrepreneur state, “We have no competition.” It is a failed litmus test for the entrepreneur, even if the plan is for a totally new device or service that could take the world by storm. That statement has killed more investment deals than almost any other.

Competition 189

Competition Slides Sales Ideas 189

Startup Professionals Musings

MAY 5, 2014

You can start a new e-Commerce site on the Internet for as little as $100, with cheap smart phone apps, new technology innovations, or tapping the multitude of opportunities brought by capitalizing on our concern for dwindling natural resources. Move physical products and services into the digital realm.

Resource 96

Resource Ideas Startup Commerce 96

Startup Professionals Musings

JULY 4, 2021

Every entrepreneur I know is short on resources, including time, money, and skills. Waste in a startup is any activity that burns resources, but creates no value or competitive advantage in the eyes of customers. Defective products and services. Poor quality products and poor customer service are doubly deadly wastes.

Startup 161

Startup Resource Training Entrepreneur 161

Startup Professionals Musings

AUGUST 14, 2014

In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. They simply don’t have the resources to keep ahead of large competitors who see initial traction and go after it. Investors check connections.

Competition 93

Competition Startup Patents Slides 93

Startup Professionals Musings

JANUARY 23, 2021

In reality, resource constraints should be seen by startups a competitive advantage, by forcing them to develop new markets, and to think differently and act differently than existing players. The result, called resourcefulness, allows entrepreneurs to create opportunities in the face of scarcity. Create new kinds of solutions.

Startup 164

Startup Resource Entrepreneur Competition 164

Startup Professionals Musings

DECEMBER 21, 2013

Startups are usually so focused on selling more of their branded product or service to their own customer base (organic growth) that they don’t consider the more indirect methods (non-organic growth) of increasing revenue and market share. An example of a startup which used non-organic growth early and effectively was Microsoft.

Organization 97

Organization Competition Startup Acquisition 97

Berkonomics

MAY 28, 2020

But for most, the true sign of success and potential for even more is in the landing of a major account, one that validates the pricing, quality and competitive advantages of a company’s offering. Aim high for that major account. How large a fish can you handle?

.Net 156

.Net Resource Competition Customer 156

Startup Professionals Musings

FEBRUARY 14, 2021

In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. Startups simply don’t have the resources to keep ahead of large competitors who see initial traction and go after it. Investors check connections.

Competition 166

Competition Funding Startup Patents 166

Startup Professionals Musings

JULY 5, 2021

Today you can start a new web site business for as little as $100, produce cheap smart phone apps, or lead the effort to tap the multitude of opportunities brought by capitalizing on our concern for dwindling natural resources. The tighter the loop, the greater the value captured and the stronger the competitive differentiation.

Startup 162

Startup Resource Entrepreneur Social Media 162

Startup Professionals Musings

APRIL 29, 2023

If your forte is a service, like consulting or web site design, it’s harder to find guidance on what will get you funded, and how you can scale your business. With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. Capture your “secret sauce.”

Startup 111

Startup Training Services Writing 111

Startup Professionals Musings

SEPTEMBER 2, 2018

If your forte is a service, like consulting or web site design, it’s harder to find guidance on what will get you funded, and how you can scale your business. With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. Capture your “secret sauce.”

Services 72

Services Startup Training Writing 72

Startup Professionals Musings

OCTOBER 20, 2023

Most new businesses need three to five advisors or board members to regularly evaluate progress and resource needs, as well as your own leadership. Highlight the competitive edge you bring to the market. Resist the urge to expand your offering during early growth with additional products, services, and business models.

Marketing 116

Marketing Resource Training Startup 116

Berkonomics

OCTOBER 8, 2020

It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. That’s likely to be completely unreachable for you with almost any amount of resources. Sources for your data.

Company 156

Company Companies Metrics Resource 156

Startup Professionals Musings

AUGUST 14, 2012

One of the toughest and yet most important questions you will be asked by savvy potential startup investors is “What is your sustainable competitive advantage?” Yet many entrepreneurs, maybe in their passion for their new product, gloss over this one, or even announce that they have no competition. No one said it would be easy!

Competition 97

Competition Patents Startup Social Network 97

Startup Professionals Musings

JUNE 3, 2023

A few are still trying to make a profitable business out of nurturing startups, but it’s a challenge to make money when your customer startups don’t have many resources to give. I believe their competitive advantage is their top on-site leadership, exclusivity, and connections to investors.

Organization 92

Organization Incubator Startup Resource 92

Startup Professionals Musings

APRIL 26, 2021

No new venture can muster the resources and expertise to attack all these opportunities concurrently, so I recommend a clear and quantified focus on one to maintain credibility. The most attractive revenue model today for services is subscriptions, and for products it is sales and support. Quantify your value proposition for customers.

Funding 132

Funding Template Resource Competition 132

Startup Professionals Musings

JUNE 14, 2011

One of the toughest and yet most important questions you will be asked by savvy potential startup investors is “What is your sustainable competitive advantage?” Yet many entrepreneurs, maybe in their passion for their new product, gloss over this one, or even announce that they have no competition. No one said it would be easy!

Competition 102

Competition Patents Startup Social Network 102

Startup Professionals Musings

AUGUST 3, 2020

If your forte is a service, like consulting or web site design, it’s harder to find guidance on what will get you funded, and how you can scale your business. With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. Capture your “secret sauce.”

Startup 174

Startup Training Services Writing 174

Berkonomics

APRIL 25, 2019

It is the one skill, process or advantage you have over your competition. Then think of all the things you do to surround that core with people and assets that complete your company and allow you to release your product or perform your service. How about non-core resources? What kind of resources are not in your core business?

Resource 120

Resource IP Organization Services 120

Berkonomics

JUNE 2, 2022

After all, you have a paying relationship with these resources, and asking for help is not considered a daunting request. Dropping that name will often immediately draw a response if the decision maker is curious or particularly competitive. Let me reinforce this: never reveal competitive information to gain access or advantage.

Ideas 156

Ideas Sales Competition Venture Capital 156

Startup Professionals Musings

JUNE 27, 2014

If your forte is a service, like consulting or web site design, it’s harder to find guidance on what will get you funded, and how you can scale your business. With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. Capture your “secret sauce.”

Services 105

Services Startup Training Writing 105

Berkonomics

NOVEMBER 9, 2017

Simply, it’s offering a specific product or service to a specific group of people. So, aiming a brand-new smartphone full of great features but increased complexity using AARP Magazine as your marketing resource just won’t get the job done. You’ll have less competition. Think about your product or service. This is easy.

Marketing 266

Marketing Resource Advertising Social Media 266

Berkonomics

MARCH 5, 2020

Is the product or service possible to produce at all, let alone economically enough to. One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. And fifth: Competitive risk. .

Outsource Development 156

Outsource Development Ideas Resource Patents 156

Startup Professionals Musings

MARCH 22, 2021

Every entrepreneur tries to maximize his startup growth by building and selling more product and services for the widest geographic area that he can support. Building through internal development, or organic growth, makes the most sense when you have a core set of skilled internal resources. M&A is “buying” resources for growth.

Organization 132

Organization CTO Hire Outsource Development Startup 132

Tech Zulu Event

MARCH 19, 2015

Computers and the Internet have now brought in a new era that relies on data to make profitable business decisions in the competitive environment. Below is a full explanation of how small businesses can leverage technology to earn a competitive advantage in the marketplace. Cloud Services. BPM Software. CRM Platforms.

Competition 40

Competition Technology Social Media Tips 40

Startup Professionals Musings

JANUARY 8, 2023

So before you decide to move your manufacturing, software development, or call center out of town, make sure you understand the following considerations: Don’t give someone else control of your competitive advantage. Saving cost won’t help you if you can’t make the daily innovations required to stay competitive. Marty Zwilling.

Software Review 114

Software Review Technical Review Outsource Development Outsource 114

Startup Professionals Musings

FEBRUARY 21, 2021

Every smart entrepreneur needs to realize that trying to treat every customer the same, with limited resources, may mean that you are treating them all poorly, or at least limiting your own growth. Then you can focus your energy on the core client group, and keep these folks so happy that they will never leave you for the competition.

Customer 150

Customer Custom Startup Pricing 150

Startup Professionals Musings

AUGUST 17, 2016

If your forte is a service, like consulting or web site design, it’s harder to find guidance on what will get you funded, and how you can scale your business. With services, scaling the business often implies cloning yourself, since you are the intellectual property and the competitive advantage. Capture your “secret sauce.”

Services 61

Services Startup Training Writing 61

Startup Professionals Musings

NOVEMBER 2, 2022

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. These are risks that can be mitigated with the right resources. Even non-profits need revenue to cover their costs, and continue to provide services.

Resource 121

Resource Metrics Entrepreneur Customer 121