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53 Questions Developers Should Ask Innovators

TechEmpower

Even when they have talked to multiple developers or development firms, we’re often the first to ask basic questions like “Who are your customers?” Who are the customers? Can you provide specific examples of different types of customers, what they need, and what the system will do for them? will you leverage?

Develop 520
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Silicon Beach Report May 23: Real Office Centers, Co-Working Tenants Evicted from Santa Monica Office

L.A. Business Journal

Real Office Centers, co-working tenants evicted from Santa Monica office, Snapchat launches custom group stories, and Pepsi to label millions of cans with Snapchat codes.

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Keep A Real Job Until Your New Venture Shows Traction

Startup Professionals Musings

It pays to be able to fall back into a familiar mental role to recover, when the pressures of fund raising, new product development, and satisfying initial customers wears you down. In my view, entrepreneurship is an endurance sport that you have to train for, rather than a quick dash to success.

Startup 153
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“Where there’s mystery, there’s margin.”   

Berkonomics

The challenge to management Observing this, when in a planning session one day, I told my senior management staff that we needed to find an area to defend our margins, one that still enjoyed the mantle of mystery to our customer base. Can you find a pain point where the customer cannot apply a solution without your help?

Pricing 156
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Faster is sometimes more valuable than better.   

Berkonomics

Dell is a great example of emphasis upon fast, creating a customized computer in 48 hours or less, bringing in assemblies and components just-in-time to make the assembly line. Dell’s response would be something like “Quality custom computers more quickly than the competition.” How will your customers react to your positioning?

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8 Smart Tips To Soliciting Friends And Family Funding

Startup Professionals Musings

Show them that you have done your homework with industry experts and potential customers, and convince them you are not asking for charity or a donation. Friends and family are quick to differentiate between a passionate hobby and a sincere effort to change the world. Get started first on your own time and money.

Tips 86
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What’s your business “end game?” 

Berkonomics

Even small community service-providers can be sold to buyers hungry to get into a business already in revenue with a steady customer base. Most businesses fall into the class of those that can be sold someday to a willing buyer.

Class 156