Startup Professionals Musings

FEBRUARY 17, 2021

The same is true for filing patents, registering trademarks, and filing copyrights. You can now skip the mandatory office space rental, with secretary and bookkeeping staff, or outsourcing. Minimize investment in prototypes and tooling. Required legal fees now average $5K or less, compared with $20K or more as a minimum.

Entrepreneur 162

Entrepreneur Startup Social Media Outsource Development 162

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 111

Startup Training Services Writing 111

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 174

Startup Training Services Writing 174

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.

Product 123

Product Startup Tips Entrepreneur 123

Startup Professionals Musings

JULY 27, 2014

The same is true for filing patents, registering trademarks, and filing copyrights. You can now skip the mandatory office space rental, with secretary and bookkeeping staff, or outsourcing. Minimize investment in prototypes and tooling. Required legal fees now average $5K or less, compared with $20K or more as a minimum.

Entrepreneur 104

Entrepreneur Startup Social Media Commerce 104

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.

Services 72

Services Startup Training Writing 72

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.

Satisfaction 91

Satisfaction Patents Outsource Development Services 91