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5 Factors Which Define The Scope Of Your Competition

Startup Professionals Musings

Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. Every existing business, as well as every startup, needs to reassess their product or service in the context of these five forces: Intensity of competitive rivalry. Way back in 1979, Michael E.

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5 Keys To The Startup Mindset Required For Breakthrus

Startup Professionals Musings

If you are seriously looking to start the next billion-dollar startup, you need to get beyond the realm of enhancing a current solution. But we all know that these are not solutions by themselves, but require integration into an innovative framework to solve real customer problems. Be forever curious and optimistic.

Startup 134
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A Business Rebound is Not All Positive for Startups

Startup Professionals Musings

Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. Every existing business, as well as every startup, needs to reassess their product or service in the context of these five forces: Intensity of competitive rivalry. Way back in 1979, Michael E.

Startup 80
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Startup Competitors Watch From Five Directions

Startup Professionals Musings

I especially love the ones that start and end by saying “We don’t have any competitors.” Porter proposed a Five Forces framework for analyzing the competitive environment which I think still makes a lot of sense today. You are never the only alternative, hopefully just the best, in price, utility, and satisfaction.

Startup 86
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5 Key Initiatives Define The Ultimate Startup Leader

Startup Professionals Musings

The world is full of high-achievers and high expectations, but without the proper framework for turning entrepreneurial determination into real leadership accomplishment, you risk going nowhere. Work on the right characteristics, and think hard about those five key pivotal decisions that can make or break your satisfaction and your legacy.

Startup 141
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6 Tips For Combining Passion And Purpose To Stand Out

Startup Professionals Musings

Finding your sweet spot as an entrepreneur needs to start with a meaningful personal purpose that is also a business opportunity. Both ends of this spectrum fail to bring long-term satisfaction or success. Many entrepreneurs are finding their “secret sauce” these days by combining a strong purpose with a good business opportunity.

Tips 174
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Even Startups Can’t Innovate Without a Process

Startup Professionals Musings

Most entrepreneurs I know are individually very innovative, but a successful startup can’t be a one-man show (for long). In fact, some very innovative individuals, known as ‘idea people’ or inventors, often end up creating the most dysfunctional teams. Innovation is not all about coming up with new ideas. Marty Zwilling.

Startup 101