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. Thus you need to highlight how your service is more innovative and higher value to your target customers.
Startup Professionals Musings
DECEMBER 2, 2022
I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. Common choices include manufacturing in-house, outsourcing, off-the-shelf parts. Investors look for a sustainable competitive advantage, like a patent.
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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. Thus you need to highlight how your service is more innovative and higher value to your target customers.
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. I can remember several pitches where the entrepreneur looked and acted out of balance, thus terminating their funding opportunity.
Startup Professionals Musings
MARCH 2, 2020
Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. Don’t assume you can outsource the implementation decisions. I have tried to convince him the general idea alone does not make a business. His challenge is to focus on one market, with a specific design, cost, and price.
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. Thus you need to highlight how your service is more innovative and higher value to your target customers.
Tech Zulu Event
MAY 12, 2014
3D printing has been around for the past 30 years, however patents prevented others from advancing such technology. Now, those patents have finally dissolved and allowed a new wave of innovators to take advantage of the technology. Traditional manufacturing would subtract materials to create a product.
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