Remove Competition Remove Resource Remove Software Review
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6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. If your software or your manufacturing process is your “secret sauce,” you need to keep the work in-house. The same applies to manufacturing and almost any process these days.

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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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Haste makes waste; but to lag is to sag.

Berkonomics

Let’s examine the relationship between time, quality and competitiveness. A marginal example was the Intel release of the Pentium Pro and new Pentium II processor to rave reviews – until a math professor found an obscure error in the chip’s code that made a rare floating-point calculation error.

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9 Women Can’t Make a Baby in a Month

Both Sides of the Table

Facebook, Google) to a large market opportunity then you had better have enough resources to compete. We made mistakes ourselves that proved to us that you can’t make markets move faster than they inherently want to just by throwing more resources at them. And ever since then I have been reluctant to over-resource tech projects.

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8 New Venture Smarts That You Can’t Afford To Ignore

Startup Professionals Musings

A while back I received a discouraging note from an entrepreneur with a patent and a medical software application who couldn’t find a dime of investment, and was grousing that seed funding just wasn’t available anymore. Failure to prepare for due diligence. Not doing due diligence on the funding source.

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Startup CTO or Developer

SoCal CTO

I provided a whole set of questions that I go through with founders before Startup Software Development – Do Your Homework Before You Develop Anything. How do we need to structure the systems to get ahead and stay ahead of the competition? Eric Ries, a great resource, What Does a Startup CTO actually do?

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Web Second, Mobile First

Both Sides of the Table

But on the other hand if you have a product with a very high gross margin (software, virtual goods, etc.) Try reading a bunch of reviews, checking 5 different restaurants to try and compare the differences. Try writing long reviews of a restaurant. I recognize there is an issue with resource scarcity. They do both well.

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