Startup Professionals Musings

MAY 10, 2021

Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Many businesses have found that raising the price of a product to give it status can win more customers than a price war.

Ideas 171

Ideas Patents Training Entrepreneur 171

Startup Professionals Musings

FEBRUARY 14, 2021

This raises a big red flag with potential investors, who conclude that no competitors means no market, or you haven’t looked, and the new startup is likely not investable. First to market, for example, is not normally a sustainable advantage for startups. All of these are competitors in terms of speed, price, or luxury.

Competition 166

Competition Funding Startup Patents 166

Berkonomics

MARCH 5, 2020

One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. Second: Market risk. . Are you ahead or behind the market with your product or service? compete in the marketplace?

Outsource Development 156

Outsource Development Ideas Resource Patents 156

Xconomy

SEPTEMBER 6, 2019

Being first to market with a new type of drug brings advantages. It grabs market share that followers have to steal away. The first mover sets the bar for what physicians, payers, and patients can expect of that medicine and how much it costs. But the first mover isn’t infallible if someone else has something better.

Pricing 84

Pricing Class Study Marketing 84

socalTECH

SEPTEMBER 25, 2013

Donuts , the domain name registry companies targeting the emerging generic, top-level domain name (gTLD) market, has launched a new service aimed at protecting trademarks across its portfolio of gTLDs, the company announced today. Pricing on the new service was not disclosed. READ MORE>>.

Services 159

Services Patents Email Los Angeles 159

TechCrunch LA

APRIL 22, 2019

That would have been a botox bar that would sell cosmetic treatments to folks who wanted treatments, but didn’t want to pay high prices for them. With Naqzi on board, the company began filing patents for its unique process and the products it’s bringing to market, says Paiji.

Design 161

Design Patents Los Angeles Ideas 161

Startup Professionals Musings

FEBRUARY 12, 2023

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Viral marketing costs real money, and your support staff and hosting systems cost even more. Finish the product before marketing begins.

Startup 124

Startup Writing Entrepreneur Ideas 124

Startup Professionals Musings

DECEMBER 14, 2019

They are also seeking to find out how you handle one of the many tough questions that a new founder will get in today’s market. He or she will assume your comment means there is no market for your product or service, or you haven’t looked. Neither speaks well for you or your startup. Proclaim your solution as a paradigm shift.

Competition 120

Competition Patents Resource Invest 120

Startup Professionals Musings

JUNE 19, 2023

Every entrepreneur has an idea for transforming a market with innovative new technology, or transforming society with a new process. Ideas have to be implemented well to change a market, or the world. First-movers have an initial advantage, but this position is fraught with risk, and often comes with a high price.

Entrepreneur 101

Entrepreneur Startup Ideas Competition 101

Startup Professionals Musings

MAY 17, 2020

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Viral marketing costs real money, and your support staff and hosting systems cost even more. Finish the product before marketing begins.

Startup 174

Startup Writing Entrepreneur Ideas 174

Berkonomics

MARCH 14, 2019

One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. Second: Market risk. . Email readers, continue here…] Are you ahead or behind the market with your product or service?

Outsource Development 120

Outsource Development Ideas Resource Patents 120

Startup Professionals Musings

JULY 17, 2022

Market change happens too frequently these days, and organizations need to quickly change course just to survive. It might be a patented technology, but it could also be the creativity of employees or logistic competencies of the company. It is about identifying a core competence which others cannot match.

Organization 118

Organization Course Patents Entrepreneur 118

Startup Professionals Musings

FEBRUARY 17, 2021

The same is true for filing patents, registering trademarks, and filing copyrights. Social media facilitates marketing and sales. For startups, social media and color printers have essentially replaced the need for external public relations and marketing services. Work out of your home, and keep your own books.

Entrepreneur 162

Entrepreneur Startup Social Media Outsource Development 162

Both Sides of the Table

JUNE 30, 2016

It is a truism that with more capital you will hire people more quickly and spend more liberally whether it’s on external contractors, PR firms, attending events, doing legal work (trademarks, patents) or whatever. You will build out features or expend to platforms — often before you have enough market feedback to warrant it.

Startup 292

Startup Software Review Pricing Entrepreneur 292

Startup Professionals Musings

SEPTEMBER 26, 2020

Every entrepreneur has an idea for transforming a market with innovative new technology, or transforming society with a new process. Ideas have to be implemented well to change a market, or the world. First-movers have an initial advantage, but this position is fraught with risk, and often comes with a high price.

Startup 171

Startup Ideas Entrepreneur Competition 171

Xconomy

JULY 26, 2019

What will the legacy be of Jeff Leiden, the longtime CEO of Vertex Pharmaceuticals? Vertex surprised Wall Street this week by announcing Leiden’s seven-year run will end next spring. In some ways, his legacy is already written. He steered Vertex through a crisis when its hepatitis C business was squashed by competition.

Pricing 77

Pricing Competition San Diego Patents 77

Berkonomics

AUGUST 10, 2017

Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. There is an art to efficient management of a process, whether that is the process of bringing a product to market from R&D to production or developing a new product’s launch program.

Venture Capital 243

Venture Capital Product Resource Marketing 243

Both Sides of the Table

OCTOBER 30, 2014

I think this is a combination of being realists as venture capitalists that outsized returns in our funds must come from taking on bigger, more impactful projects that can move markets. Did anybody hold patents that would prevent us from using this technology? Could we produce this at cost? We hired OSHA regulatory lawyers.

Technical Review 418

Technical Review Software Review CTO Hire IP 418

Startup Professionals Musings

AUGUST 12, 2019

First of all, you need some convincing market research that your solution addresses a real and growing problem. Skip the fuzzy marketing terms, like “easier to use” and “more functions.” Avoid the temptation to narrow the scope so far as to conclude that you have no competitors, since investors might conclude you have no market.

Competition 86

Competition Patents Startup Customer 86

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. Indeed, there are some success factors that are common to both environments.

Startup 111

Startup Training Services Writing 111

Startup Professionals Musings

JUNE 2, 2021

Features, availability, and brand are just the price of entry. Manual tracking and occasional surveys won’t keep you competitive in today’s high volume and rapidly changing market. You need a platform that is comfortable with the global scope of today’s market, with it’s wide range of social and economic cultures, trends, and needs.

Competition 142

Competition Software Review Social Media Customer 142

Startup Professionals Musings

JUNE 26, 2015

As a model, think high-quality marketing collateral, with text and graphics in columns and sidebars, but focused on the value of your business, rather than selling your product. Skip the fuzzy marketing terms, such as "easier to use," "lower cost" and "disruptive technology."

Summary 101

Summary Patents Technical Review Competition 101

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. Indeed, there are some success factors that are common to both environments.

Startup 174

Startup Training Services Writing 174

Berkonomics

MARCH 15, 2012

One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. Second: Market risk. Are you ahead or behind the market with your product or service? And fifth: Competitive risk.

Outsource Development 200

Outsource Development Ideas Resource Patents 200

Startup Professionals Musings

MARCH 2, 2020

His challenge is to focus on one market, with a specific design, cost, and price. Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. Only a great team, and listening to customers, will allow you to adjust as you learn more, or the market changes.

Ideas 126

Ideas Writing Examples Outsource 126

SoCal CTO

FEBRUARY 25, 2009

all the other folks out there that will try to enter the same market) the barriers have been dropping over the last few years. Fantastic post by Christian Gammill - Startup Delta Force… From a competitive perspective (e.g. How’s that for duality. Business - how are you actually going to make money? many more (please comment below)

Startup 150

Startup SEM IP SEO 150

Startup Professionals Musings

AUGUST 2, 2015

They are also seeking to find out how you handle one of the many tough questions that a new founder will get in today’s market. He or she will assume your comment means there is no market for your product or service, or you haven’t looked. Neither speaks well for you or your startup. Proclaim your solution as a paradigm shift.

Startup 118

Startup Competition Patents Resource 118

Tech Zulu Event

NOVEMBER 29, 2013

The Rock launches their much-anticipated Kickstarter campaign that offers the public “early bird” special prices, just in time for friends and family to get the newest and most affordable smartwatch for as low as $99 for Christmas. Rockin 9 App- This patented app allows for up to 9 message notifications, all on one screen.

Patents 97

Patents Screening Design Activity 97

Startup Professionals Musings

MAY 30, 2012

Look how the Japanese entered the auto industry, or how McDonalds imitated White Castle, or how Wal-Mart “perfected” the low-price high-volume approach. Of course, the first one gets the patent. But patent disclosure requirements often make imitation easier, and smart technologists can work around most patents anyway.

Patents 84

Patents Startup Statistics Course 84

Startup Professionals Musings

JUNE 25, 2021

Ask some potential customers to see if there is real interest, and start thinking about price versus cost. File at least a provisional patent and one or more trademarks. Relevant questions include the type of business entity (LLC or C-Corp), licensing or manufacturing, sales and marketing, and staffing.

Ideas 136

Ideas Entrepreneur Mentor Resource 136

Startup Professionals Musings

NOVEMBER 4, 2019

I recommend a ten-slide pitch to start, reviewed by friends and advisors, to be expanded to a ten-to-twenty-page business plan with opportunity sizing, cost and price details, competitors, marketing and sales strategy, financial projections, and resources required. Prepare your marketing story for customers and investors.

Ideas 94

Ideas Slides Technical Review Patents 94

Startup Professionals Musings

JUNE 25, 2014

They are also seeking to find out how you handle one of the many tough questions that a new founder will get in today’s market. He or she will assume your comment means there is no market for your product or service, or you haven’t looked. Neither speaks well for you or your startup. Proclaim your solution as a paradigm shift.

Entrepreneur 110

Entrepreneur Competition Patents Resource 110

Startup Professionals Musings

FEBRUARY 10, 2012

A good answer might be “We have several patents on the base technology, which is so robust that we expect to roll out new products every year for the next ten years, always staying a step ahead of our competitors.” Undercutting competitors in price is always a good strategy, but free implies no real value. Our patent will protect us.”

Patents 90

Patents Competition IBM IBM 90

socalTECH

JUNE 23, 2009

Semiconductor startups seem to be quite rare in today's environment, with few companies being funded or launched, due both to the difficulty of bringing products to market, lack of investment capital, as well as lots of established, large companies in the industry. In terms of markets, we address the Zigbee, Bluetooth, and 2.4

Patents 100

Patents Sample Technical Review Pricing 100

Startup Professionals Musings

FEBRUARY 26, 2011

Look how the Japanese entered the auto industry, or how McDonalds imitated White Castle, or how Wal-Mart “perfected” the low-price high-volume approach. Of course, the first one gets the patent. But patent disclosure requirements often make imitation easier, and smart technologists can work around most patents anyway.

Startup 91

Startup Patents Statistics Course 91

socalTECH

DECEMBER 7, 2015

Susan Sloan: The market segment that we are going after, is the market that pays full fare first class, but has never chartered a jet before. You never get a �buy now� price. The market for charter flights is very fragmented, and there are a lot of charter operators � how have they reacted to your service?

Pricing 100

Pricing Sites Services Customer 100

Startup Professionals Musings

JANUARY 27, 2018

They are also seeking to find out how you handle one of the many tough questions that a new founder will get in today’s market. He or she will assume your comment means there is no market for your product or service, or you haven’t looked. Neither speaks well for you or your startup. Proclaim your solution as a paradigm shift.

Competition 51

Competition Patents Resource Entrepreneur 51