Design Invest Outsource Patents 
Startup Professionals Musings
APRIL 29, 2023
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Capture your “secret sauce.” Start with a service you know and love.
Startup Professionals Musings
AUGUST 3, 2020
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Capture your “secret sauce.” Start with a service you know and love.
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Startup Professionals Musings
DECEMBER 2, 2022
There are dozens of sources to help you construct your business model, and a good example is a classic book by venture capital investor Elizabeth Edwards, simply named “ Startup ,” which is really designed as a handbook for launching a company for less. Common choices include manufacturing in-house, outsourcing, off-the-shelf parts.
Startup Professionals Musings
APRIL 27, 2020
There are complex processes, like filing a patent, and financial tools that may be new to you, including Excel and Quickbooks. Don’t forget the wealth of “gig” experts for outsourcing at a low cost. In my experience as an angel investor, it was an accepted axiom that we invested in people, even more than the product.
Startup Professionals Musings
SEPTEMBER 2, 2018
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Capture your “secret sauce.” Start with a service you know and love.
Startup Professionals Musings
JUNE 27, 2014
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Capture your “secret sauce.” Start with a service you know and love.
Startup Professionals Musings
JANUARY 31, 2012
Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. Customers don’t like to see you learning on the job or outsourcing. You can’t measure, scale, or patent a service process that is not clearly documented.
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