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Take this test to predict your success:

Berkonomics

The dominant player in any niche controls pricing for all those under it, and often sets the risk profile for new entrants into the niche if the dominant player’s products or services fill the needs of customers at reasonable prices and quality. A core patent or “thicket” of patents protecting your offering?

Custom 156
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Bio Roundup: Jazz Drug OK’d, Gilead’s Bet, Moderna Patent Decision & More

Xconomy

EQRx launched in January during the JP Morgan Healthcare Conference with an audacious pledge to create 10 new drugs in as many years and then sell them at “dramatically” lower prices than existing medicines. Both drugs are anti-cancer molecules in mid-stage development that have been designed to hit known cancer targets. But not much.

Patents 77
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8 Key Startup Drivers Bring Pleasure As Well As Sweat

Startup Professionals Musings

You have figured out how to undercut your competitor’s price, and still hold your margin. Working on that unique design, or completing the breakthrough for an innovative patent, are moments of inspiration that you will never forget, especially if they become your competitive edge. Love that sustainable competitive advantage.

Startup 160
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A heartbreaking story about time and money.

Berkonomics

And professional investors often penalize the company with lower-priced down rounds or expensive loans as a result. So, the company turned the ship, slowly it seemed, as R&D worked to develop an appropriate product using the base of the original design. Time slipped; fixed overhead continued.

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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

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. Indeed, there are some success factors that are common to both environments. Capture your “secret sauce.”

Startup 111
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10 Business Model Components Required In Every Plan

Startup Professionals Musings

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. Investors look for a sustainable competitive advantage, like a patent. What is the need you fill or problem you solve? Revenue model. How do you make money?

Sales 102
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7 Success Factors When Your People Are The Solution

Startup Professionals Musings

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. Indeed, there are some success factors that are common to both environments. Capture your “secret sauce.”

Startup 174