Startup Professionals Musings

JANUARY 23, 2019

They can talk with passion about their innovative new idea, and ask lots of questions, but never seem to really get started. The challenge we all have as business founders is to move from the idea stage to a real business. Set target date milestones and metrics to gauge progress.

Ideas 99

Ideas Slides Writing Startup 99

socalTECH

NOVEMBER 12, 2013

In a move to convert that huge pile of data into something much more meaningful, Los Angeles-based Ninja Metrics (www.ninjametrics.com) launched a new predictive analytics product for the industry. Explain what Ninja Metrics is doing? That''s the basic idea behind predictive analytics. We didn''t know how big that was.

Metrics 113

Metrics Software Review Research Startup 113

Startup Professionals Musings

MARCH 4, 2019

Is your marketing focus product-centric or customer-centric ? If you only sell products, it’s time to realize that times have changed. With a wealth of products now available, customers look for the most memorable experience , not just the best product. Lifetime value is not intended to relate to length of life.

Customer 85

Customer Custom Product Metrics 85

TechEmpower

NOVEMBER 13, 2023

This isn’t just our opinion - our startup metrics prove it! Product descriptions and listings require tedious editing to make them engaging - especially after the fortieth one. Are you a founder or CEO or head of product? Go through your product right now and look for empty text boxes.

Generative AI 295

Generative AI Artificial Inteligence TechEmpower Tips 295

Startup Professionals Musings

JANUARY 30, 2017

Entrepreneurs are people who dream up new ideas, and then commercialize them into new businesses. Most people believe that the hard part is coming up with the idea, and the easy part is turning it into a business. Most experts agree that a great team is more important than a great product.

Ideas 72

Ideas Startup Metrics Entrepreneur 72

socalTECH

NOVEMBER 12, 2013

In a move to convert that huge pile of data into something much more meaningful, Los Angeles-based Ninja Metrics (www.ninjametrics.com) launched a new predictive analytics product for the industry. Explain what Ninja Metrics is doing? That''s the basic idea behind predictive analytics. We didn''t know how big that was.

Metrics 100

Metrics Software Review Research Startup 100

Startup Professionals Musings

FEBRUARY 13, 2021

I’m convinced that this “me too” or incremental thinking is one of the key reasons that ninety percent of new startups fail, and most of the investors I know won’t sign non-disclosure forms, since they claim to hear the same startup ideas over and over again. Be prepared to ship a minimum viable product and pivot.

Startup 162

Startup Metrics Ideas Entrepreneur 162

Both Sides of the Table

DECEMBER 11, 2022

I have often thought that creative endeavors where one has a quick turn-around between idea and realization of one’s work as one of the more fulfilling experiences in life. And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics.

Venture Capital 466

Venture Capital Startup Marketing Pricing 466

Startup Professionals Musings

JULY 25, 2020

New product process. It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Idea management. Build and manage a pipeline of ideas. Failure is the best teacher. Innovation is not a random walk into the unknown.

Coach 144

Coach Metrics Social Network Competition 144

Startup Professionals Musings

JANUARY 11, 2023

Successful entrepreneurs are the ones who think the most creatively, not only in their initial product or service, but more importantly all through the stages of growth from startup to maturity. Using data metrics alone for decisions, without seeking the root problem and alternative solutions, kills creativity. Tricked by recency.

Marketing 119

Marketing Metrics Demand Statistics 119

Startup Professionals Musings

OCTOBER 31, 2022

Trying to do everything is a sure way to maximize stress, lower job satisfaction, and minimize productivity. If you are a genius at invention, for example, then that is the role you should seek to keep you motivated and productive. We all need to play to our strengths, and team with others for complementary needs.

Activity 108

Activity Satisfaction Metrics Startup 108

socalTECH

DECEMBER 20, 2017

At productboard we aim to bake best practices of product management straight into the interface, so you can improve the way you manage your products right out of the box. In the meantime, we’ll continue publishing thoughts and ideas we’ve learned from great product managers here. Why is product management hard?

Technical Review 100

Technical Review Metrics Ideas Product 100

Startup Professionals Musings

SEPTEMBER 11, 2021

Almost every early-stage startup who has approached investors for funding has heard the innocuous sounding rejection “I love your idea, but come back when you have more traction.” Free and freemium products need a solid base. What does traction really mean to investors, and how much is enough? First of all, a definition.

Startup 121

Startup Metrics Customer Custom 121

Startup Professionals Musings

MARCH 10, 2023

I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Outsource Development 115

Outsource Development Startup Competition Ideas 115

Startup Professionals Musings

OCTOBER 29, 2012

A startup begins with a great idea, but all too often, that’s where it ends. Ideas have to be implemented well to get the desired results. That’s why investors invest in entrepreneurs, rather than ideas. Metrics are required for ensuring the return to a known good baseline. Measure value flow and performance.

Ideas 94

Ideas Startup Summary Competition 94

Startup Professionals Musings

OCTOBER 13, 2021

As a long-time business consultant and investor, especially to entrepreneurs, I recognize your sparkle of vision , to build the ultimate world-changing product. I found these maladies summarized well in a new book, “ Radical Product Thinking ,” by entrepreneur Radhika Dutt. While the idea was great, they failed on execution.

Metrics 133

Metrics Product Yahoo Examples 133

Startup Professionals Musings

MARCH 7, 2016

Every startup begins with an idea, but from that point forward, it’s all about execution. Founders soon learn that customers only spend real money for solutions rather than ideas. Investors have also learned not to invest in ideas but only in entrepreneurs and teams who can deliver solutions. But Google is not unique.

Ideas 59

Ideas Technical Review Google Startup 59

Startup Professionals Musings

APRIL 18, 2020

Successful entrepreneurs are the ones who think the most creatively, not only in their initial product or service, but more importantly all through the stages of growth from startup to maturity. Using data metrics alone for decisions, without seeking the root problem and alternative solutions, kills creativity. Tricked by recency.

Metrics 157

Metrics Demand Statistics Sales 157

Startup Professionals Musings

MAY 28, 2016

I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Ideas 62

Ideas Outsource Development Startup Competition 62

SoCal CTO

NOVEMBER 10, 2009

He has a really interesting background as a product manager and now an entrepreneur. Like many product managers, my background is fairly eclectic. That's where I learned I enjoyed interacting with customers and working with development teams to build and launch products. Tell me a bit about your background.

Product 150

Product Entrepreneur Social Media Google 150

Berkonomics

MAY 5, 2016

By far the most enjoyable for most of us is visionary leadership – the time we spend thinking ahead, creating new ideas for products or services, focusing on the big picture and how we can change the world with our creation. It must be the lifeblood of a company that is going to make a difference in an industry or the world.

Metrics 120

Metrics Ideas Conference Email 120

Startup Professionals Musings

SEPTEMBER 30, 2023

As a business advisor, I meet many business professionals and aspiring entrepreneurs who are anxious to be their own boss , or have an innovative idea to start or acquire a new business. You should pick an idea that you can hand off quickly to investors, or one you can grow as a legacy for your family.

Startup 94

Startup Ideas Metrics Entrepreneur 94

Startup Professionals Musings

JUNE 21, 2023

The program has led to significant business benefits, including more fulfilled and productive teams, and a large brand boost, promoting CVS to a list of the nation's 50 most community-centric businesses. To succeed in business, every passion and purpose has to be translated into real products, services, customers, and impact on the community.

Satisfaction 114

Satisfaction Customer Custom Social Media 114

Startup Professionals Musings

NOVEMBER 29, 2021

Within the startup realm, there is a big difference between having an innovative product versus an innovative business. Others take an existing product, and give it new life with a creative business model. Celebrate ideas. Flush out ideas and let go of the ones that fail. The key is to fail quickly. Think small.

Competition 135

Competition Netflix Ideas Metrics 135

Startup Professionals Musings

FEBRUARY 6, 2021

I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. The last thing you need in a startup is a false start, where you can’t deliver on a product change deadline, or a new marketing channel.

Startup 155

Startup Resource Metrics Technical Review 155

Berkonomics

FEBRUARY 6, 2014

So, I’ve developed the three step dance in order to help form a repeatable method of how to create a great company from an early idea. Even if you know it all – wouldn’t it be an excellent plan to try your idea out on enough actual or potential customers to measure reasonable feedback? The second step: Take feedback seriously.

Company 229

Company Companies Startup Customer 229

SoCal CTO

APRIL 2, 2013

I'm going to be looking at aspects like: Things to consider before building your MVP Features often overlooked when documenting an MVP for developers Understanding important metrics you want to measure Risks and challenges in developing an MVP. It should be a fun evening with lots of interesting conversation. What's going to go wrong?

CTO Coach 219

CTO Coach Metrics Framework Software Development 219

Startup Professionals Musings

NOVEMBER 30, 2022

As an investor in startups, I most often see entrepreneurs who are technologists, or at least have a real passion for a specific product. They rarely highlight their marketing and relationship skills , even though, in my experience, these are more often the key to success in business than product skills.

Startup 113

Startup Customer Custom Technical Review 113

Startup Professionals Musings

JUNE 7, 2020

I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Startup Professionals Musings

OCTOBER 27, 2021

Most of the entrepreneurs I meet as an investor and advisor have no shortage of right-brain thinking, showing vision and creativity, but often don’t realize that their potential is being limited by a balancing focus on results, metrics, and customer specifics. Show results with a minimal viable product (MVP).

Technical Review 133

Technical Review Satisfaction Metrics Startup 133

Startup Professionals Musings

MARCH 18, 2023

It seems like every entrepreneur I meet these days is quick to proclaim themselves a visionary, expecting that will give more credibility to their startup idea, and improve their odds with investors. In reality, I’m one of the majority of investors who believe that startup success is more about the execution than the idea.

Startup 82

Startup Ideas Organization Entrepreneur 82

Startup Professionals Musings

NOVEMBER 4, 2019

As a new business advisor and occasional investor, I get approached regularly by people who have a dream or a new business idea, and are looking for support and money to make it a reality. Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea.

Ideas 94

Ideas Slides Technical Review Patents 94

Both Sides of the Table

JULY 21, 2014

You’d imagine that companies selling tons of shelfware would quickly meet their deserved fate in the market, yet the spin around a category of software can fool buyers into thinking they “must have this product to compete.” How frequently they’re using the product? ROI studies were published. I know, I know.

Marketing 354

Marketing Case Study Metrics Sales 354

Startup Professionals Musings

MAY 14, 2023

Cash flow is a basic survival metric for every startup. In this case, the primary cash outflow would be for product development and operating expenses, with potentially enough runway to build the initial product, get a patent, attract some early adopters, and build the initial revenue stream.

Search Engine Optimization 103

Search Engine Optimization Outsource Development Social Media Equity 103

InfoChachkie

AUGUST 24, 2010

Startups consistently identify more ideas and opportunities than they have the time or resources to pursue, such as potential partnerships, new products, entering emerging markets, etc. Idea Cronyism. This is analogous to a startup CEO selecting which ideas will be considered by a larger group for implementation.

Ideas 187

Ideas Resource Technical Review Startup 187

Startup Professionals Musings

OCTOBER 22, 2022

Entrepreneurs and startups are big believers in innovation, but sometimes they forget that innovation must be continual to assure long-term success, rather than the one big-bang idea that initiated their journey. Stroh, which details the principles and metrics to follow for fostering innovation in any organization. by Patrick J.

Metrics 102

Metrics Startup Organization Demand 102

Startup Professionals Musings

AUGUST 13, 2013

Within the startup realm, there is a big difference between having an innovative product versus an innovative business. Others take an existing product, and give it new life with a creative business model. Celebrate ideas. Flush out ideas and let go of the ones that fail. The key is to fail quickly. Think small.

Product 92

Product Competition Netflix Ideas 92