Remove Media Remove Outsource Remove Patents Remove Social Media
article thumbnail

6 Cost-Cutting Recommendations For New Entrepreneurs

Startup Professionals Musings

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. Social media facilitates marketing and sales. Required legal fees now average $5K or less, compared with $20K or more as a minimum.

article thumbnail

Maintain Your Startup Motivation While Working Harder

Startup Professionals Musings

Watch that patent provide a real barrier to competitive entry. Appreciate the media accolades and peer success feedback. One approach, which is even more work, is to keep tasks in-house rather than outsourcing. This may also be the moment when you get your first big acquisition offer, rather than a clone appearing.

Startup 118
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Balance Your Focus Between Passion And Perspiration

Startup Professionals Musings

Watch that patent provide a real barrier to competitive entry. Appreciate the media accolades and peer success feedback. One approach, which is even more work, is to keep tasks in-house rather than outsourcing. This may also be the moment when you get your first big acquisition offer, rather than a clone appearing.

article thumbnail

7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

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. Be a visible and available expert in your domain.

Startup 111
article thumbnail

7 Success Factors When Your People Are The Solution

Startup Professionals Musings

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. Be a visible and available expert in your domain.

Startup 174
article thumbnail

Entrepreneurs Today Don’t Need A Big Budget To Start

Startup Professionals Musings

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. Social media facilitates marketing and sales. Required legal fees now average $5K or less, compared with $20K or more as a minimum.

article thumbnail

5 Tips To Keep Your Startup Productive, Not Just Busy

Startup Professionals Musings

For example, you may feel you are saving money by doing all your own administrative work and monitoring social media feedback. 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.

Product 123