article thumbnail

8 Key Startup Drivers Bring Pleasure As Well As Sweat

Startup Professionals Musings

There is nothing more inspiring than seeing the results of your mentoring and leadership. You have figured out how to undercut your competitor’s price, and still hold your margin. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible. Your solution fills a real market need.

Startup 160
article thumbnail

6 Success Stages Every Entrepreneur Idea Has To Pass

Startup Professionals Musings

As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. There are lots of resources available for that question, including the Internet and mentors like me. Ask some potential customers to see if there is real interest, and start thinking about price versus cost.

Ideas 136
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

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. For example, I have a friend with a Ph.D. in Physics who talks passionately about starting a business producing nuclear powered batteries.

Ideas 126
article thumbnail

6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

There are lots of resources available for the challenge of that activity, including the Internet and mentors like me. Any startup with no patents, trade secrets, or other secret sauce is very high risk today. Just because you think it’s a great idea doesn’t mean there is a business opportunity.

Ideas 94
article thumbnail

Inspiration Without Perspiration is a Dull Startup

Startup Professionals Musings

There is nothing more inspiring than seeing the results of your mentoring and leadership. You have figured out how to undercut your competitor’s price, and still hold your margin. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible. Your solution fills a real market need.

Startup 100
article thumbnail

Most Entrepreneurs Need to be Inspired to Perspire

Startup Professionals Musings

There is nothing more inspiring than seeing the results of your mentoring and leadership. You have figured out how to undercut your competitor’s price, and still hold your margin. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible. Your solution fills a real market need.

article thumbnail

Interview with Jonathan Simkin, SwoopThat

socalTECH

Every price comparison out there, whether that's Google Products, Bizrate, or other sites, can find books, but you can only do it one at a time. Jonathan Simkin: I was actually in high school when I decided I'd either start a company when I graduated, or go into patent law. They act as mentors and help companies grow.

UCSD 185