Startup Professionals Musings

JANUARY 8, 2018

Every entrepreneur I know is short on resources, including time, money, and skills. Waste in a startup is any activity that spends resources, but creates no value or competitive advantage in the eyes of customers. Bottlenecks to team productivity. The result is lower productivity all around. Lack of communication.

Resource 52

Resource Training Entrepreneur Activity 52

Startup Professionals Musings

DECEMBER 17, 2013

Entrepreneurs have no trouble focusing on how to build a product, and the good ones know how to find and nurture those first critical customers. What I’m talking about here is a level of discipline and skill necessary to collect and analyze the relevant business data, known as metrics. Operating productivity.

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Metrics Technical Review Sales Customer 100

Startup Professionals Musings

JULY 4, 2021

Every entrepreneur I know is short on resources, including time, money, and skills. Waste in a startup is any activity that burns resources, but creates no value or competitive advantage in the eyes of customers. Bottlenecks to team productivity. The result is lower productivity all around. Lack of communication.

Startup 161

Startup Resource Training Entrepreneur 161

Berkonomics

OCTOBER 8, 2020

It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. That’s likely to be completely unreachable for you with almost any amount of resources. Sources for your data. TAM, SAM, SOM?

Company 156

Company Companies Metrics Resource 156

Berkonomics

MAY 20, 2021

Enterprise time, as opposed to personal time management, is the sum total of resources available to a company expressed in terms of time – time to develop, to debug, to produce, to deploy, to respond to issues, and to make changes in plans that are not working. But first, identify what those critical resources are in your company.

Resource 156

Resource Outsource Development Metrics Customer 156

Startup Professionals Musings

FEBRUARY 6, 2021

For example, early adopters may be easily sold, but new technology product success really hinges on adoption by certain demographics, perhaps more influenced by celebrities or mommy bloggers. 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

Startup Professionals Musings

APRIL 21, 2023

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. Make sure all team members have some connection with the product – has either used it, or sold it, or assembled it. Failure is the best teacher.

Coach 137

Coach Metrics Competition Ideas 137

Startup Professionals Musings

NOVEMBER 2, 2022

These are risks that can be mitigated with the right resources. Plan to deliver a family of products, rather than a one-trick pony. Even a great initial product, with no follow-on, won’t keep you ahead of competitors very long. Use metrics to measure results of marketing initiatives. Customers like leaders, not followers.

Resource 121

Resource Metrics Entrepreneur Customer 121

Berkonomics

FEBRUARY 25, 2021

Create, change, throw out, tweak or put more resources behind those efforts or campaigns that are working. And the first thing in marketing is to adapt your product or service to the needs of the marketplace. Listening does no good without action.

Marketing 156

Marketing Metrics Education Resource 156

Startup Professionals Musings

OCTOBER 20, 2023

Most new businesses need three to five advisors or board members to regularly evaluate progress and resource needs, as well as your own leadership. Quantify the results, and avoid any fuzzy words, such as better usability, advanced technology, or more productivity. Put operational systems and metrics in place early.

Marketing 116

Marketing Resource Training Startup 116

Startup Professionals Musings

DECEMBER 13, 2019

When you are starting a new business, every resource is precious, including time, funding, and people. It’s always tempting to think that more product variations will satisfy more customers and lead to new sales. Lack of attention to team and process productivity. Most challenges you have are not unique to your business.

Outsource Development 122

Outsource Development Outsource Metrics Technical Review 122

Berkonomics

JULY 9, 2020

Earliest warning metrics: [Email readers, continue here…] What good is information if you can’t act upon it in a timely manner? Find metrics that will be “leading indicators” of trouble to come. Items in the critical path (bottlenecks): This is one of my focus issues for my workshops, it is so important.

Metrics 156

Metrics Software Review Statistics Technical Review 156

Startup Professionals Musings

MARCH 18, 2022

As companies grow, they tend to become more structured, to the point of discouraging risk by team members, and using metrics to identify mistakes and allocate bonuses. Jeff Bezos credits much of Amazon’s long-term ability to grow and thrive to his funding of new product experiments, even when he did not agree. Don’t forget these.

Startup 154

Startup Artificial Inteligence Metrics Netflix 154

Startup Professionals Musings

FEBRUARY 8, 2020

These are risks that can be mitigated with the right resources. Plan to deliver a family of products, rather than a one-trick pony. Even a great initial product, with no follow-on, won’t keep you ahead of competitors very long. Use metrics to measure results of marketing initiatives. Customers like leaders, not followers.

Entrepreneur 129

Entrepreneur Resource Metrics Customer 129

Berkonomics

MAY 18, 2017

The technique, “OST” (objective, strategies and tactics), is a very good way to organize your effort to find guideposts and then develop metrics to measure progress. Create a hosted “software as a service” or “on demand” addition to our product line by end of (next) year. What is a strategy?

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Organization Metrics Demand Resource 275

Startup Professionals Musings

JULY 26, 2021

Intuitively, many entrepreneurs and businesses believe that the key to faster growth and success is more products, features, and markets. Since we all have limited resources, and can’t add more hours to the day, the result is usually more things done poorly, rather than a few key things done better than anyone else. Just ask J.C.

Startup 154

Startup Resource Entrepreneur Metrics 154

Frank Addante

NOVEMBER 11, 2013

At Rubicon Project, we manage culture just like a product. Today, we are working on a prototype of a new measurement metric that we call ROP (Return on Productivity). This metric will help us determine what works, what doesn’t, and why. The Return on Productivity metrics will be directly tied to business value (e.g.

Product 99

Product Metrics Company Companies 99

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. Make sure all team members have some connection with the product – has either used it, or sold it, or assembled it. Failure is the best teacher.

Coach 144

Coach Metrics Social Network Competition 144

Startup Professionals Musings

MAY 21, 2022

New products and startups often require a culture shift to drive acceptance, which can best be accelerated by zealots or a visible chief disciple, like Steve Jobs. This is media exposure from a neutral third-party, such as an unpaid news story on your product or service to highlight innovations or social value. Earned media.

Marketing 127

Marketing Framework Social Media Media 127

Startup Professionals Musings

JANUARY 15, 2022

There are hundreds of consultants out there who will take your money for guidance in this area, but I recommend that you start with some free resources on the Internet, or one of the many recent books on this topic. Assess social media relevance to your product or service. These days, video production is also a useful skill.

Social Media 126

Social Media Media Startup Platform 126

Startup Professionals Musings

FEBRUARY 13, 2021

Ideas to improve the usability of an existing product, or ways to extend its audience, are not likely to be unique to you, and difficult to win over competitors. You may be a product expert, but have little experience with running a business, or marketing, or sales. Be prepared to ship a minimum viable product and pivot.

Startup 162

Startup Metrics Ideas Entrepreneur 162

Startup Professionals Musings

APRIL 30, 2021

Based on my own long experience in business, team satisfaction, engagement, and productivity continues to be a challenge. That’s a huge opportunity for productivity in your business, as well as your team well-being. That’s a huge opportunity for productivity in your business, as well as your team well-being.

Satisfaction 168

Satisfaction Coach Resource Tool 168

SoCal CTO

DECEMBER 19, 2012

I was talking with an early-stage founder who has a product vision and wants to get it built. He wanted to get input from me on what he's doing, and he wants to begin to ask developers what it would take to build his product. Me : Product definition, use cases, feature list, wireframes, comps, really whatever you have.

Develop 354

Develop Development Technical Review CTO Coach 354

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

Tech.Co

NOVEMBER 28, 2022

Recently, several retailers that have used TikTok to sell items have informed the Financial Times that “the level of resources needed to sell on the app was not worth the returns”. By some metrics, certainly not. Should Tech Giants Stop Trying to Make Social Commerce Happen?

Social Media 151

Social Media Startup Commerce News 151

Berkonomics

DECEMBER 5, 2013

It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. I then created a gross domestic and gross international annual market size estimate for my industry’s products.

Metrics 239

Metrics Startup Marketing Demand 239

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

NOVEMBER 28, 2020

Excellent detailed resources are everywhere, including a classic book, “ The Startup Checklist ,” by serial entrepreneur and founder of the New York Angels, David S. Building a minimum viable product, with customer validation. Who would not want to join the unicorns (recent startups with a current valuation of over $1 billion)?

Tips 161

Tips Startup Social Media News 161

Startup Professionals Musings

SEPTEMBER 16, 2023

Excellent detailed resources are everywhere, including a classic book, “ The Startup Checklist ,” by serial entrepreneur and founder of the New York Angels, David S. Building a minimum viable product, with customer validation. Who would not want to join the unicorns (recent startups with a current valuation of over $1 billion)?

Entrepreneur 104

Entrepreneur Startup Social Media News 104

Berkonomics

NOVEMBER 6, 2014

Enterprise time, as opposed to personal time management, is defined as the sum total of resources available to a company expressed in terms of time – time to develop, to debug, to produce, to deploy, to respond to issues, and to make changes in plans that are not working. There are many ways to fall into this trap.

Resource 176

Resource Outsource Development Metrics Customer 176

Berkonomics

AUGUST 7, 2014

Create, change, throw out, tweak or put more resources behind those efforts or campaigns that are working. And the first thing in marketing is to adapt your product or service to the needs of the marketplace. Listening does no good without action. Measure the results of your changed program in as many ways as possible.

Marketing 176

Marketing Metrics Education Resource 176

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. How did it help you?

Product 150

Product Entrepreneur Social Media Google 150

Startup Professionals Musings

AUGUST 19, 2022

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. It’s the same for customers and products, where analytics have long proven their value.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Startup Professionals Musings

JULY 15, 2020

Many of the entrepreneurs like you that I have met in my role as a business advisor are really product creators versus business creators, convinced that a great product will generate a great business. In most businesses, this means selling something, and proving that your product or service has value.

Metrics 140

Metrics Entrepreneur Coach Satisfaction 140

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

SEPTEMBER 22, 2022

For example, many investors I know tell me they look for business plans that allocate the largest portion of a requested investment to marketing, but most often see the top “ use of funds ” to be further product or service development. Allocate resources to handle bumps along the way.

Marketing 133

Marketing Customer Custom Outsource Development 133

Startup Professionals Musings

MAY 14, 2023

Cash flow is a basic survival metric for every startup. Buffer your projected resource requirements. Overall, managing cash flow and burn rate is more critical to your business success than having the right idea and the right product. Desperate entrepreneurs lose their leverage and die young. You will make mistakes.

Search Engine Optimization 103

Search Engine Optimization Outsource Development Social Media Equity 103