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

Balance Your Focus Between Passion And Perspiration

Startup Professionals Musings

Watch that patent provide a real barrier to competitive entry. One approach, which is even more work, is to keep tasks in-house rather than outsourcing. New business models that provide an ongoing revenue stream, or a secondary stream from advertising, raise your margins and can give you some additional satisfaction.

Insiders

Sign Up for our Newsletter

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

Trending Sources

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

Technology Roles in Startups

SoCal CTO

see When to Use Facebook Connect – Twitter Oauth – Google Friend Connect for Authentication?

article thumbnail

Maintain Your Startup Motivation While Working Harder

Startup Professionals Musings

Watch that patent provide a real barrier to competitive entry. One approach, which is even more work, is to keep tasks in-house rather than outsourcing. New business models that provide an ongoing revenue stream, or a secondary stream from advertising, raise your margins and can give you some additional satisfaction.

Startup 118
article thumbnail

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

Startup Professionals Musings

Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. Don’t assume you can outsource the implementation decisions. These days, even with the pervasive Internet and social media, it still takes time and money for your marketing and customer communication efforts to have an impact.

Ideas 126