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. If you deliver a great service, but no one knows it, your business will suffer. Are you ready to make it happen?

Startup 111
article thumbnail

5 Risk Reduction Strategies For Your Next New Venture

Startup Professionals Musings

In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper. The world is now a small place, but startups usually don’t have the resources to saturate all the related markets at once. Capitalize on the lessons from early adopters and competitors.

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 Keys To Reducing Startup Risk By Building On Trends

Startup Professionals Musings

In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper. The world is now a small place, but startups usually don’t have the resources to saturate all the related markets at once. Capitalize on the lessons from early adopters and competitors.

Startup 157
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. If you deliver a great service, but no one knows it, your business will suffer. Are you ready to make it happen?

Startup 174
article thumbnail

Scaling a Business by Cloning Yourself is Tough

Startup Professionals Musings

Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. You can’t measure, scale, or patent a service process that is not clearly documented. Create and maintain the highest level of customer satisfaction.

article thumbnail

A Startup That Imitates, With Innovation, Often Wins

Startup Professionals Musings

In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper. The world is now a small place, but startups usually don’t have the resources to saturate all the related markets at once. Capitalize on the lessons from early adopters and competitors.

Startup 65
article thumbnail

Growing A Services Business Requires Selling Yourself

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. If you deliver a great service, but no one knows it, your business will suffer. Are you ready to make it happen?