Startup Professionals Musings

MARCH 2, 2020

One thing I have learned the hard way in business is that implementing new ideas is usually much more difficult than conceiving the idea in the first place. That’s why I caution my aspiring entrepreneur clients against proclaiming to investors that they are a great “idea” person. For example, I have a friend with a Ph.D.

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Ideas Writing Examples Outsource 126

Startup Professionals Musings

FEBRUARY 26, 2012

Most aspiring entrepreneurs believe their initial idea and inspiration requires the most important creative thinking. Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Think the unthinkable.

Ideas 109

Ideas Entrepreneur Patents Training 109

Startup Professionals Musings

JANUARY 24, 2015

Most entrepreneurs I meet are reluctant to disclose anything about their idea to investors before getting a signed confidential disclosure agreement (CDA). These professionals value their integrity, like your therapist or financial advisor, and will not share your business details nor steal your idea. Disclosures relative to patents.

Ideas 106

Ideas Technical Review Patents Entrepreneur 106

Startup Professionals Musings

MAY 13, 2023

In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. But how does any entrepreneur know which ideas to implement, and which ones are best left behind? Separate nice-to-have ideas from ones solving painful problems.

Ideas 106

Ideas Technical Review Patents Startup 106

Startup Professionals Musings

FEBRUARY 22, 2012

I’m sure you all realize that there could be quite a distance between a great idea and a great startup. So, trying carefully not to rain on his parade, I suggested to my friend that he complete the following analysis as due diligence on the idea before spending his life savings (and others) to roll out a solution: Competitors are few.

Ideas 97

Ideas Patents Startup Google 97

Startup Professionals Musings

JANUARY 14, 2011

I’m sure you all realize that there could be quite a distance between a great idea and a great startup. So, trying carefully not to rain on his parade, I suggested to my friend that he complete the following analysis as due diligence on the idea before spending his life savings (and others) to roll out a solution: Competitors are few.

Ideas 94

Ideas Patents Startup Google 94

Startup Professionals Musings

JULY 18, 2014

Early-stage ideas fall in the same category. I have the greatest respect for inventors and idea people who think outside the box to envision and create solutions never before seen. In other words, inventions are necessary but not sufficient to create real value for investors and customers. Don’t get me wrong.

Ideas 106

Ideas Technical Review Patents Entrepreneur 106

Startup Professionals Musings

MARCH 7, 2011

Based on my own experience and feedback from friends, every investor is approached by at least ten entrepreneurs with a “hot idea” for a new business, for every one who has a real “plan” for a new business. In fact, you can find websites full of ideas, like these “ Free Innovative Ideas ,” by serial entrepreneur Kim E.

Ideas 104

Ideas Entrepreneur Summary Startup 104

SoCal CTO

SEPTEMBER 20, 2011

One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? Especially if the idea could be whipped-up by a few 24-year olds in a few weeks? Lots of thoughts here.

Startup 211

Startup IP Ideas Patents 211

Startup Professionals Musings

JULY 3, 2013

Based on my own experience and feedback from friends, every investor is approached by at least ten entrepreneurs with a “hot idea” for a new business, for every one who has a real “plan” for a new business. In fact, you can find websites full of ideas, like these “ Free Innovative Ideas ,” by serial entrepreneur Kim E.

Ideas 106

Ideas Startup Summary CalTech 106

socalTECH

OCTOBER 14, 2013

We''ve put a spin on this, where you can use your own personalization or custom designs for your own Bluetooth headset, just like you would create a personalized case for your smartphone. Where''d the idea for the company come from? I had the idea that instead of a gray box, it would be great to change that to a beautiful flower.

Startup 241

Startup Slides Orange County Design 241

Startup Professionals Musings

JULY 29, 2013

On the other hand, if you intend to patent an idea, you need a signed confidentiality agreement from everyone knowing details, or you will legally lose patent rights. Prior to patent application. That doesn’t mean you can’t talk in general terms about your idea, and even pitch to investors. Trade secrets.

Ideas 92

Ideas Demand Patents Entrepreneur 92

Berkonomics

MARCH 15, 2012

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. A great idea often fails from the inexperience or inability of management to bring the idea to market. Second: Market risk.

Outsource Development 200

Outsource Development Ideas Resource Patents 200

SoCal CTO

SEPTEMBER 20, 2011

One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? Especially if the idea could be whipped-up by a few 24-year olds in a few weeks? Lots of thoughts here.

Startup 198

Startup IP Ideas Patents 198

Startup Professionals Musings

JUNE 2, 2012

Based on my own experience and feedback from friends, every investor is approached by at least ten entrepreneurs with a “hot idea” for a new business, for every one who has a real “plan” for a new business. In fact, you can find websites full of ideas, like these “ Free Innovative Ideas ,” by serial entrepreneur Kim E.

Ideas 97

Ideas Summary Startup CalTech 97

Startup Professionals Musings

MARCH 22, 2014

As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. In reality, I like most ideas, but I have to tell them that the real challenge is taking the inspiration from a dream to a business. File at least a provisional patent and one or more trademarks.

Ideas 107

Ideas Mentor Entrepreneur Resource 107

Startup Professionals Musings

APRIL 29, 2015

As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. In reality, I like most ideas, but I have to tell them that the real challenge is taking the inspiration from a dream to a business. File at least a provisional patent and one or more trademarks.

Ideas 104

Ideas Mentor Resource Entrepreneur 104

Startup Professionals Musings

MAY 10, 2021

Most aspiring entrepreneurs believe their initial idea and inspiration requires the most important creative thinking. Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Think the unthinkable.

Ideas 171

Ideas Patents Training Entrepreneur 171

Startup Professionals Musings

SEPTEMBER 24, 2018

In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. But how does any entrepreneur know which ideas to implement, and which ones are best left behind? Separate nice-to-have ideas from ones solving painful problems.

Ideas 83

Ideas Technical Review Patents Startup 83

Startup Professionals Musings

SEPTEMBER 25, 2021

Early-stage ideas fall in the same category. I have the greatest respect for inventors and idea people, who think outside the box to envision and even create solutions never before seen. In other words, inventions are necessary but not sufficient to create real value for investors and customers. Don’t get me wrong.

Technical Review 156

Technical Review Funding Patents Ideas 156

Startup Professionals Musings

MAY 23, 2020

It’s still popular these days for startup founders to operate in stealth mode, meaning no details about the idea or progress are shared with anyone until the big reveal and rollout. The common reason given is that this prevents any competitor from stealing their idea and beating them to market. Meet investors before asking for money.

Search Engine Optimization 174

Search Engine Optimization Ideas Startup Customer 174

InfoChachkie

FEBRUARY 20, 2012

Great Startup Ideas Come From Everywhere. "At "At Microsoft there are lots of brilliant ideas but the image is that they all come from the top – I'm afraid that's not quite right." Along with your cash, customers and employees, a healthy startup culture will prove to be one of your most precious assets. .

Tips 275

Tips Startup IP Santa Barbara 275

Startup Professionals Musings

NOVEMBER 4, 2010

A while back, I wrote about the importance of a “ sustainable competitive advantage ,” and outlined the business plan value and limitations of patents and competitor feature comparisons. But once you start selling products, all of these pale in comparison to your level of customer service. Exceed customer expectations.

Customer 90

Customer Custom Services Startup 90

Startup Professionals Musings

AUGUST 9, 2020

Just because it was your idea doesn’t mean you “deserve” 90% of the equity. The value in a startup is all about tangible results, so I see no equity value in the idea alone. Value factors include your related product breadth and depth, relationships with thought leaders, key vendors, and large potential customers.

Startup 174

Startup Equity Patents CTO Hire 174

Startup Professionals Musings

MAY 1, 2021

Aspiring entrepreneurs ask me why their great idea hasn’t sold; they talk about it endlessly, and they expect others to do the development, finance, and marketing work for them. Truly satisfied customers are a joy to every business person. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible.

Startup 160

Startup Patents Competition Social Network 160

Startup Professionals Musings

MAY 16, 2020

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer.

Satisfaction 174

Satisfaction Customer Custom Outsource 174

Startup Professionals Musings

NOVEMBER 4, 2020

Your concept has to be understood by customers and investors in 30 seconds or less, and everyone needs to immediately see how awesome it would be, or that they would be nuts not to have it. I’m looking for the “hook” right up front, or I lose interest quickly, just like every customer and investor these days.

Startup 166

Startup Education Ideas Customer 166

Startup Professionals Musings

FEBRUARY 13, 2021

I’m convinced that this “me too” or incremental thinking is one of the key reasons that ninety percent of new startups fail, and most of the investors I know won’t sign non-disclosure forms, since they claim to hear the same startup ideas over and over again. Marketing should begin even at the idea stage. Two heads are better than one.

Startup 162

Startup Metrics Ideas Entrepreneur 162

Startup Professionals Musings

JUNE 12, 2019

Much has been written recently about the requirement to focus today on the total customer experience, as a competitive edge or even for survival. The challenge I hear from savvy business owners and entrepreneurs operating on a shoestring is that providing a superior customer experience costs money.

Customer 96

Customer Custom Coach Pricing 96

Startup Professionals Musings

OCTOBER 24, 2021

When someone says Intellectual Property (IP), most entrepreneurs think only of patents. In reality, patents are only one of at least eight items that should be in your IP portfolio. Significant differences will confuse your customers, and open the door to imitators and scam artists. Internet domain name. This name (www.

Startup 145

Startup Patents IP Social Media 145

Startup Professionals Musings

DECEMBER 30, 2020

You may think that patents and copyrights are not required, since your products are so innovative, but you will find that competitors are quick to copy your idea if you don’t protect it. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies.

Entrepreneur 173

Entrepreneur Patents Startup Technical Review 173

Startup Professionals Musings

APRIL 28, 2017

Based on my own experience as a startup investor, and feedback from like-minded friends, we all get pitches for at least ten startup ideas for every one new business plan. New business founders need to remember that investors fund business implementations, not ideas. Draft a short pitch for customers, and one for investors.

Ideas 74

Ideas Social Media Startup Customer 74

Berkonomics

MARCH 5, 2020

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. Email readers, continue here…] A great idea often fails from the inexperience or inability of management to bring the idea to market.

Outsource Development 156

Outsource Development Ideas Resource Patents 156

Startup Professionals Musings

MAY 17, 2020

The discipline of writing down your plan is the best way to make sure you understand how to transform your idea into a business, and how to communicate it. Offer free solutions to bring in more customers. Don’t get caught in the myth that you shouldn’t worry about monetization until after you have a large customer base.

Startup 174

Startup Writing Entrepreneur Ideas 174

Startup Professionals Musings

JUNE 26, 2020

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. Thus I offer the following outline for how to organize and present your business plan, with specific examples: Start with outlining the customer problem, and your solution.

Product 169

Product Summary Startup Examples 169

Berkonomics

JULY 6, 2017

There was even talk of some phone companies using the patented system for serving communities of guests, not just from a single hotel. For most brilliant new ideas and business plans, the competition is merely to do nothing. Fast forward just a few years to 1996. Back to 1996. So, I lost over a million for lack of market research.

Competition 266

Competition Research Summary Pricing 266

TechCrunch LA

APRIL 22, 2019

Sarah Paiji had the idea to launch the eco-friendly refillable cleaning supply retailer Blueland after hearing about the abundance of microplastics in the water she was using to dilute her child’s baby formula. Blueland also wasn’t Paiji’s first choice for a new startup idea.

Design 161

Design Patents Los Angeles Ideas 161