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Maintain Your Startup Motivation While Working Harder

Startup Professionals Musings

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. Watch that patent provide a real barrier to competitive entry. Feel the inspiration from peers asking for your secret, or peers trying to model their efforts after yours.

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Balance Your Focus Between Passion And Perspiration

Startup Professionals Musings

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. Watch that patent provide a real barrier to competitive entry. Feel the inspiration from peers asking for your secret, or peers trying to model their efforts after yours.

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9 Strategies For Implementing An Innovative Business

Startup Professionals Musings

So here are my own top recommendations on how to think about your business aspirations, and put innovation in perspective among all the other priorities you will need to achieve success and satisfaction with your role on the road ahead. Search for customer pain rather than high margins. Experiment and pivot to avoid ‘big bang’ expectations.

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6 Sweet Spots That Have Sustained Many Great Startups

Startup Professionals Musings

Everyone seems to espouse extrinsic motivations, such as getting rich, having power, and fulfilling parent dreams, when in fact a focus on satisfying internal interests and desires will likely lead to more success, as well as satisfaction. Satisfaction of doing something great. Do it for meaning.

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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.

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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. Timing is critical, as well as focus on marketing and customer satisfaction. Capitalize on the lessons from early adopters and competitors.

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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. Timing is critical, as well as focus on marketing and customer satisfaction. Capitalize on the lessons from early adopters and competitors.

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