Startup Professionals Musings

MAY 23, 2021

Others are really marketers out to make money fast, and believe that they can entice customers to any offering. Too many Innovators are like Dean Kamen , still struggling with the Segway Human Transporter , while holding over 1000 other device patents. Ultimately, most get the best help from business advisors and mentors.

Entrepreneur 134

Entrepreneur Framework Mentor Web 134

Startup Professionals Musings

JUNE 3, 2020

In my experience as a business mentor, one of the biggest challenges I see is a failure to focus. Here are the key elements that I look for as an entrepreneur mentor, as indications of a top level of focus: Willing to share your personal story to build credibility. Demonstrate real knowledge of your market and competitors.

Entrepreneur 126

Entrepreneur Startup Patents Resource 126

socalTECH

SEPTEMBER 13, 2011

Jonathan Simkin: I was actually in high school when I decided I'd either start a company when I graduated, or go into patent law. They've got a program called Springboard, which helps really young companies get set up with mentors, and guides you through the startup process. They act as mentors and help companies grow.

UCSD 185

UCSD Course Startup Sites 185

socalTECH

SEPTEMBER 25, 2009

Custom Insurance Programs for Technology Companies. Cadence, Intel, IBM, Freescale, Mentor Graphics, Synopsys, LSI, X-Fab, and many other leading-edge companies, universities, and organizations will be sharing their latest technologies, products, and services in this unique Southern California event. Startups Made Simple.

Advertising 113

Advertising Southern California IP VentureNet 113

Startup Professionals Musings

APRIL 10, 2021

It can come from experience, or from training in a prior company, and it can even be self-taught from the Internet by smart entrepreneurs, just like they learned the skill of establishing a company, negotiating a contract, or filing a patent. It means mentoring less experienced team members, and quickly replacing incompetent staff members.

Startup 171

Startup Organization Training Entrepreneur 171

Startup Professionals Musings

FEBRUARY 11, 2023

Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer. Talking to real customers is the best way to keep your inspiration alive, as well as the best way keep on track with changing trends and future innovation ideas. Watch that patent provide a real barrier to competitive entry.

Startup 118

Startup Satisfaction Customer Custom 118

Startup Professionals Musings

DECEMBER 17, 2021

When I started mentoring entrepreneurs and startups a few years ago, I anticipated that I would get mostly tough technical questions, but instead I more often hear things like “Where do I start?” It doesn’t matter how good your product or service is if most of your potential customers don’t know about it. The marketplace is a war zone.

Entrepreneur 138

Entrepreneur Activity Guide Patents 138

Startup Professionals Musings

MAY 7, 2021

As a mentor to aspiring business owners. The tougher question is whether you are also wise, in the sense of cultivating the right relationships, understanding team dynamics, and keeping to the correct side of the ethical line to maintain the trust of team members and customers alike. Be willing to adapt quickly as conditions change.

Patents 138

Patents Mentor Customer Custom 138

Startup Professionals Musings

JULY 27, 2022

One way to do this is to nurture mentoring relationships with experts in other disciplines, as Bill Gates did with Warren Buffet. For example, Elon Musk, who owns many battery patents , normally kept for a competitive edge, decided to open them all to any competitors in an effort to expand the market for his electric vehicles.

Competition 139

Competition Examples Customer Custom 139

Startup Professionals Musings

MAY 30, 2020

Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. Access to entrepreneurs-in-residence, business mentors. Most schools have a rich pipeline of real-world executive volunteers available for mentoring.

Class 124

Class Startup Resource Mentor 124

Startup Professionals Musings

APRIL 29, 2012

There is nothing more inspiring than seeing the results of your mentoring and leadership. Truly satisfied customers are a joy to every business person. Maybe it’s that first customer testimonial, or that first congratulations from someone you respect, or seeing your story in the newspaper. Bask in the success as it happens.

Entrepreneur 102

Entrepreneur Patents Startup Ideas 102

Startup Professionals Musings

JUNE 25, 2021

As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. There are lots of resources available for that question, including the Internet and mentors like me. Ask some potential customers to see if there is real interest, and start thinking about price versus cost.

Ideas 136

Ideas Entrepreneur Mentor Resource 136

Startup Professionals Musings

MARCH 2, 2020

Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. In addition, creating a business requires leading and interacting with other people, including partners, investors, and customers. You must also learn from your customers. Yes, there are a lot of bridges to cross.

Ideas 126

Ideas Writing Examples Outsource 126

Startup Professionals Musings

MAY 18, 2013

There is nothing more inspiring than seeing the results of your mentoring and leadership. Truly satisfied customers are a joy to every business person. Maybe it’s that first customer testimonial, or that first congratulations from someone you respect, or seeing your story in the newspaper. Bask in the success as it happens.

Startup 100

Startup Patents Competition Social Network 100

Startup Professionals Musings

OCTOBER 16, 2012

When I started mentoring entrepreneurs and startups a few years ago, I anticipated that I would get mostly tough technical questions, but instead I more often hear things like “Where do I start?” It doesn’t matter how good your product or service is if most of your potential customers don’t know about it. The marketplace is a war zone.

Entrepreneur 110

Entrepreneur Mentor Activity Guide 110

Startup Professionals Musings

JANUARY 13, 2020

As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. Message delivery must be customized for each investor. Registered patents and other intellectual property. Surrounded by the right people and track record.

Entrepreneur 126

Entrepreneur Social Media Patents Mentor 126

Startup Professionals Musings

NOVEMBER 29, 2019

As a mentor to many aspiring entrepreneurs, I challenge them to think beyond what I call linear extensions to a current trend, such as another “easier-to-use” app for smartphones, a new dating site for pets, or another niche social network. Also evaluate the values of desired customers. Non-profits rely on philanthropists and donors.

Entrepreneur 126

Entrepreneur Ideas Resource Examples 126

Startup Professionals Musings

JULY 11, 2020

As a mentor to aspiring entrepreneurs, I’m always surprised by the fact that some never seem to be able to that first startup going, while many others never seem to stop, starting their second or third initiative before the first one is fully hatched. Today the key is building momentum, customization, and continuous innovation.

Entrepreneur 131

Entrepreneur Startup Ideas Software Review 131

Startup Professionals Musings

JANUARY 16, 2015

Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer. Talking to real customers is the best way to keep your inspiration alive, as well as the best way keep on track with changing trends and future innovation ideas. Watch that patent provide a real barrier to competitive entry.

Satisfaction 101

Satisfaction Entrepreneur Customer Custom 101

Startup Professionals Musings

FEBRUARY 27, 2023

Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. Access to entrepreneurs-in-residence, business mentors. Most schools have a rich pipeline of real-world executive volunteers available for mentoring.

Entrepreneur 110

Entrepreneur Class Startup Resource 110

Startup Professionals Musings

SEPTEMBER 15, 2023

Many people believe that new ideas are the critical element of innovation, but in my experience as a mentor and investor, long-term business success is more about implementation than ideas. Search for customer pain rather than high margins. New customers don’t see incremental improvements.

Artificial Inteligence 114

Artificial Inteligence Ideas Satisfaction Customer 114

Startup Professionals Musings

SEPTEMBER 14, 2015

A few years ago, before the Internet was pervasive, before everyone carried a smartphone and before do-it-yourself software tools were available for free, it was difficult to reach a critical mass of new customers without spending a million dollars on a website, custom software and television advertising.

Startup 108

Startup Search Engine Optimization Social Media Outsource Development 108

Startup Professionals Musings

NOVEMBER 12, 2010

There is nothing more inspiring than seeing the results of your mentoring and leadership. Truly satisfied customers are a joy to every business person. Maybe it’s that first customer testimonial, or that first congratulations from someone you respect, or seeing your story in the newspaper. Bask in the success as it happens.

Startup 88

Startup Patents Competition Social Network 88

Startup Professionals Musings

OCTOBER 15, 2022

As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. Message delivery must be customized for each investor. Registered patents and other intellectual property. Surrounded by the right people and track record.

Entrepreneur 111

Entrepreneur Social Media Patents Mentor 111

Startup Professionals Musings

APRIL 27, 2020

Yet if that leaves you with no documented business plan or unclear strategy, most investors and even customers will walk away. I’m a total believer in servant leadership and mentoring others, but nobody wins when you are in charge as an entrepreneur, and the business fails because you didn’t do your job.

Product 123

Product Startup Tips Entrepreneur 123

Startup Professionals Musings

DECEMBER 6, 2014

As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. Message delivery must be customized for each investor. Registered patents and other intellectual property. Surrounded by the right people and track record.

Entrepreneur 107

Entrepreneur Angel Social Media Patents 107

Startup Professionals Musings

NOVEMBER 4, 2019

There are lots of resources available for the challenge of that activity, including the Internet and mentors like me. In my experience, the key steps I look for always include the following: Testing the idea against customers who have money to spend. Prepare your marketing story for customers and investors.

Ideas 94

Ideas Slides Technical Review Patents 94

Startup Professionals Musings

NOVEMBER 23, 2013

When I started mentoring entrepreneurs and startups a few years ago, I anticipated that I would get mostly tough technical questions, but instead I more often hear things like “Where do I start?” It doesn’t matter how good your product or service is if most of your potential customers don’t know about it. The marketplace is a war zone.

Startup 106

Startup Entrepreneur Activity Guide 106

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. There are lots of resources available for that question, including the Internet and mentors like me. Ask some potential customers to see if there is real interest, and start thinking about price versus cost.

Ideas 107

Ideas Mentor Entrepreneur Resource 107

Startup Professionals Musings

NOVEMBER 5, 2018

Tech may be the tool, but hospitality – making life a little easier, more comfortable, and more enjoyable for your customer, is the winning focus. Unfortunately, too many of the technical entrepreneurs I mentor and advise are focused on their technology, and assume that the value will be self-evident to customers.

Technical Advisors 82

Technical Advisors Artificial Inteligence Customer Custom 82

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. There are lots of resources available for that question, including the Internet and mentors like me. Ask some potential customers to see if there is real interest, and start thinking about price versus cost.

Ideas 104

Ideas Mentor Resource Entrepreneur 104

Tech Zulu Event

AUGUST 11, 2011

8 patents pending, and world programming finalist. There will be technical and product mentors there to help. Technical and product mentors are provided roaming across the entire place. Co-creator of the Lotus Share platform, which powers the new Lotus Connections Files and Wikis components at IBM. Sunday August 14th 9am-5pm.

Santa Monica 72

Santa Monica Yammer Geni Southern California 72

Startup Professionals Musings

MAY 22, 2011

It can come from experience, or from training in a prior company, and it can even be self-taught from the Internet by smart entrepreneurs, just like they learned the skill of establishing a company, negotiating a contract, or filing a patent. It means mentoring less experienced team members, and quickly replacing incompetent staff members.

Entrepreneur 111

Entrepreneur Startup Organization Training 111

Startup Professionals Musings

MARCH 10, 2019

When I started mentoring entrepreneurs and startups a few years ago, I anticipated that I would get mostly tough technical questions, but instead I more often hear things like “Where do I start?” It doesn’t matter how good your product or service is if most of your potential customers don’t know about it. The marketplace is a war zone.

Entrepreneur 92

Entrepreneur Activity Guide Patents 92

Startup Professionals Musings

AUGUST 17, 2013

It can come from experience, or from training in a prior company, and it can even be self-taught from the Internet by smart entrepreneurs, just like they learned the skill of establishing a company, negotiating a contract, or filing a patent. It means mentoring less experienced team members, and quickly replacing incompetent staff members.

Startup 109

Startup Entrepreneur Organization Training 109

Startup Professionals Musings

NOVEMBER 22, 2012

Every startup mentor has his favorite list of basic strategies to avoid pitfalls, and I’m no exception. The patent process is far from perfect, but it’s a huge step ahead of no proprietary content. In business, “most important” means time to market, customer service, low cost, and beating your competitors. Manage your time.

Entrepreneur 98

Entrepreneur Social Network Startup Patents 98

Startup Professionals Musings

AUGUST 30, 2013

Dean Kamen, while still struggling with the Segway Human Transporter, holds 440 other device patents. Howard Schultz, who grew Starbucks to 13,000 stores by 2008, decided to step back in as CEO when the economy was killing his stores, and refocus everyone on the customer. Great entrepreneurs are mentors to everyone on their team.

Entrepreneur 104

Entrepreneur Startup Examples Ideas 104