Startup Professionals Musings

SEPTEMBER 25, 2021

According to an old Harvard Business Review article, many people in history, famous for their inventions, like Thomas Edison, were entrepreneurs who only later were remembered as inventors of the products they commercialized. Technology limited to a single product is seldom enough for a business. Lock in your sustainable advantage.

Technical Review 156

Technical Review Funding Patents Ideas 156

Startup Professionals Musings

MAY 10, 2021

Many businesses have found that raising the price of a product to give it status can win more customers than a price war. In business, this may be as simple as replacing a product line that is still profitable, or a recent startup making a takeover bid for a large company. Think the unthinkable.

Ideas 171

Ideas Patents Training Entrepreneur 171

Startup Professionals Musings

MAY 1, 2021

Watching the orders come in, or the product moving off the shelf, is the feedback you have been looking for. 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. A business model that works.

Startup 160

Startup Patents Competition Social Network 160

Startup Professionals Musings

APRIL 29, 2022

Most of you business owners I know are looking forward to the day when your product, team and processes begin to mature, and your business growth keeps tilting upward as you scale. Offering customized products and personalized support are options often used. Customers suddenly become very price sensitive.

Marketing 110

Marketing Pricing Startup Custom 110

Startup Professionals Musings

DECEMBER 2, 2022

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. A target market is the group of customers that the startup plans to attract through marketing and sales their product or service. Production. Distribution.

Sales 102

Sales Customer Custom Outsource 102

Startup Professionals Musings

FEBRUARY 14, 2021

In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. All of these are competitors in terms of speed, price, or luxury. Here are some of the key ones: Patent protection in place as a barrier to entry.

Competition 166

Competition Funding Startup Patents 166

Berkonomics

DECEMBER 31, 2020

The company created a product that could be delivered as a service to medical clinicians anywhere in the world, enhancing their ability to understand their patents’ problems and needs in less time, using the expertise built into an AI expert system created by the best minds in many medical specialties. Other sources of grants.

Equity 156

Equity Writing Education Research 156

Both Sides of the Table

MARCH 11, 2011

He said it was better than the Yellow Pages because he would provide pricing transparency. He wanted to build direct customer relationships to get product feedback but only 2% of customers would ever return their registration cards. they can build teams that really focus on building & marketing great products.

Competition 350

Competition Idealab Product Ideas 350

Berkonomics

MARCH 5, 2020

First: Product risk. . Is the product or service possible to produce at all, let alone economically enough to. 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.

Outsource Development 156

Outsource Development Ideas Resource Patents 156

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. Low cost and low margin products can be winners, if the volume is high enough.

Startup 111

Startup Training Services Writing 111

Startup Professionals Musings

JULY 27, 2018

I’m still amazed at how many technical entrepreneurs don’t have a business pitch, and offer me their product pitch or product spec instead. I’m a technologist, so I always love to learn about the product, but every investor needs to make sure you have a business, as well as a product. But it’s critical to have one.

Product 58

Product Slides Entrepreneur Invest 58

Startup Professionals Musings

DECEMBER 14, 2019

A strong answer should be something like “Our product introduces a new lower-cost technology, which we have patented and trademarked, that makes us very attractive today, and will provide a wealth of additional products as we move forward.” Declare that you will offer the product or service free.

Competition 120

Competition Patents Resource Invest 120

TechCrunch LA

APRIL 22, 2019

The answer she came up with is Blueland, a new line of cleaning products that launches today. Blueland cleaning products/Image courtesy of Blueland. After coming up with the idea Paiji had to find a manufacturer, who’d be willing to help reinvent an entire product category for a startup retailer.

Design 161

Design Patents Los Angeles Ideas 161

Berkonomics

JULY 6, 2017

The first of several advanced products was a unique cell phone for hotel rooms, connected through a special “switch” in the hotel’s telephone room that was able to detect when a call was coming to the guest room phone and simultaneously ring the cell phone assigned to that room, no matter where it was at the moment. Back to 1996.

Competition 266

Competition Research Summary Pricing 266

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. Low cost and low margin products can be winners, if the volume is high enough.

Startup 174

Startup Training Services Writing 174

Startup Professionals Musings

OCTOBER 13, 2019

What all this doesn’t mean is that you should roll out your product in every country at the same time. But it does mean that you think about the global implications at every step of the process: Pick your company and product names carefully. with demands for new products and services. Find global sources now.

Marketing 94

Marketing Patents Offshore Startup 94

Berkonomics

SEPTEMBER 6, 2018

But each commitment of resources of any substantial size for acquisition of new products, talent, even new companies, changes the value of your enterprise perhaps to a great degree. Remember to consider the cost of lost time if starting from scratch, and of patent or other branding considerations that would challenge a “make” decision.

Company 120

Company Companies Acquisition Resource 120

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. Patents and trademarks are very valuable in attracting investors for scaling, as well as future premium buyouts. Finish the product before marketing begins.

Startup 124

Startup Writing Entrepreneur Ideas 124

Startup Professionals Musings

FEBRUARY 17, 2021

The same is true for filing patents, registering trademarks, and filing copyrights. You can now get tooling and products built very quickly either in the US or in China, with delayed payment options. The need to build a new million-dollar factory for each new product is gone. Work out of your home, and keep your own books.

Entrepreneur 162

Entrepreneur Startup Social Media Outsource Development 162

Berkonomics

MARCH 14, 2019

First: Product risk. . Is the product or service possible to produce at all, let alone economically enough to compete in the marketplace? Email readers, continue here…] Are you ahead or behind the market with your product or service? Second: Market risk. . Third: Management risk. . Fourth: Financial risk. .

Outsource Development 120

Outsource Development Ideas Resource Patents 120

Startup Professionals Musings

JUNE 25, 2021

It’s really a multi-step process, with the first step getting you from an idea to a viable product, and the remaining steps creating a sustainable business. 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.

Ideas 136

Ideas Entrepreneur Mentor Resource 136

Startup Professionals Musings

JULY 17, 2022

This questions going beyond one or two features or best-selling products. It might be a patented technology, but it could also be the creativity of employees or logistic competencies of the company. This could be the utilization rate of a plant, the price premium of the brand, or the service offered or products sold.

Organization 118

Organization Course Patents Entrepreneur 118

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

Startup Professionals Musings

MAY 15, 2020

As an angel investor, I see plenty of startups focusing on building an innovative product, but I’m looking for the few who are also leading with an exponential growth strategy, to put them in the category of the next Amazon or Google. Produce memorable product demonstrations or videos.

Marketing 170

Marketing Examples Startup Custom 170

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. Patents and trademarks are very valuable in attracting investors for scaling, as well as future premium buyouts. Finish the product before marketing begins.

Startup 174

Startup Writing Entrepreneur Ideas 174

Startup Professionals Musings

SEPTEMBER 8, 2018

According to an old Harvard Business Review article, many people in history, famous for their inventions, like Thomas Edison, were entrepreneurs who only later were remembered as inventors of the products they commercialized. Technology limited to a single product is seldom enough for a business. Lock in your sustainable advantage.

Technical Review 86

Technical Review Patents Ideas Journal 86

Berkonomics

MAY 8, 2014

The company has created a product that can be delivered as a service to medical clinicians anywhere in the world, enhancing their ability to understand their patents’ problems and needs in less time, using the expertise built into an expert system created by the best minds in many medical specialties.

Company 166

Company Companies Writing Education 166

Startup Professionals Musings

AUGUST 12, 2019

Most entrepreneurs are quick to assert to potential investors that their product or solution will kill the competition, but unfortunately your opinion alone is not enough to convince most experienced investors. Competitive businesses have great teams, as well as great products. Reducing margins to lower prices won’t help your case.

Competition 86

Competition Patents Startup Custom 86

Startup Professionals Musings

APRIL 18, 2015

What all this doesn’t mean is that you should roll out your product in every country at the same time. But it does mean that you think about the global implications at every step of the process: Pick your company and product names carefully. with demands for new products and services. Find global sources now.

Patents 106

Patents Startup Offshore Demand 106

Startup Professionals Musings

AUGUST 2, 2015

A strong answer should be something like “Our product introduces a new lower-cost technology, which we have patented and trademarked, that makes us very attractive today, and will provide a wealth of additional products as we move forward.” Declare that you will offer the product or service free.

Startup 118

Startup Competition Patents Resource 118

Berkonomics

MARCH 15, 2012

First: Product risk. Is the product or service possible to produce at all, let alone economically enough to compete in the marketplace? Are you ahead or behind the market with your product or service? Second: Market risk. Will the public respond in numbers to buy, license or rent your offering?

Outsource Development 200

Outsource Development Ideas Resource Patents 200

Startup Professionals Musings

NOVEMBER 4, 2019

I love good causes and social entrepreneurs, but a recent pitch to me about eliminating world hunger with a new product (harvesting algae at low cost) seemed to forget that really hungry people don’t have any money. Any startup with no patents, trade secrets, or other secret sauce is very high risk today.

Ideas 94

Ideas Slides Technical Review Patents 94

Startup Professionals Musings

MAY 30, 2012

If you are an entrepreneur starting a business for the first time, I recommend that you find a product concept that is already accepted and improve on it, rather than tackling that ultimate disruptive technology. Of course, the first one gets the patent. Evidence of success using this approach is all around us.

Patents 84

Patents Startup Statistics Course 84

Startup Professionals Musings

NOVEMBER 8, 2017

What all this doesn’t mean is that you should roll out your product in every country at the same time. But it does mean that you think about the global implications at every step of the process: Pick your company and product names carefully. with demands for new products and services. Find global sources now.

Marketing 54

Marketing Patents Offshore Startup 54

Startup Professionals Musings

JUNE 25, 2014

A strong answer should be something like “Our product introduces a new lower-cost technology, which we have patented and trademarked, that makes us very attractive today, and will provide a wealth of additional products as we move forward.” Declare that you will offer the product or service free.

Entrepreneur 110

Entrepreneur Competition Patents Resource 110

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. Patents or other intellectual property are a real competitive advantage for a startup, but first to market and working harder are not sustainable.

Summary 101

Summary Patents Technical Review Competition 101

Startup Professionals Musings

JUNE 2, 2021

Features, availability, and brand are just the price of entry. As a simple example, the Wal-Mart website now shows shoppers more products that they may like, based on previous purchases. Find funders who seek long-term returns. Money-making is different in the digital age.

Competition 142

Competition Software Review Social Media Custom 142