Remove roi
article thumbnail

10 Keys To Real Innovation In Your Next New Business

Startup Professionals Musings

Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Tracking results are essential to optimal ROI. Based on ROI, incentives should be developed for all participants. Sustainable innovation is really the only sustainable competitive advantage.

Coach 137
article thumbnail

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. Tracking results are essential to optimal ROI. Based on ROI, incentives should be developed for all participants. Sustainable innovation is really the only sustainable competitive advantage.

Coach 144
Insiders

Sign Up for our Newsletter

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

article thumbnail

What is the real goal for our management and company?

Berkonomics

Often, we joke together as managers of companies or of people that our goal is “world domination” or “to crush the competition.” But that is a number in a vacuum without at least two other measures: return on investment (ROI) and percentage of net profit to revenue. The three measures of progress. Comparing ourselves to the giants.

Company 156
article thumbnail

7 Keys To An Engaging Framework For Social Media Mktg

Startup Professionals Musings

Start by reviewing current statistics, like the recent Social Media Marketing Benchmark Report 2022 , to learn which social media sites are most popular, which features drive the most impact today, and how other social media marketers have maximized their efforts and seen the greatest ROI. Measuring is all about return-on-investment (ROI).

article thumbnail

Entrepreneurs Need to Master Competitive Selling

Startup Professionals Musings

In my own effort to keep up with the times, I just finished a new book by Landy Chase, titled “ Competitive Selling: Out-Plan, Out-Think, Out-Sell to Win Every Time.” Show them a return on investment (ROI) in their own terms. Establish the competitive playing field early. Selling around tough competition.

article thumbnail

Hedging against downturns: Remember the GOAL!

Berkonomics

But that is a number in a vacuum without at least two other measures: return on investment (ROI) and percentage of net profit to revenue. But that is a number in a vacuum without at least two other measures: return on investment (ROI) and percentage of net profit to revenue. How do you measure progress toward such an undefined goal?

.Net 153
article thumbnail

10 Keys To The Teamwork Required To Run Your Business

Startup Professionals Musings

Startup executives need to first build a culture and processes with communication and shared goals, rather than internal competition and bureaucracy. This ROI comes from cost avoidance, cost reductions, business optimization, and faster business decisions. The biggest barriers to collaboration are not technical.

Study 123