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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.
And we all know Facebook didn’t invent socialmedia. Certainly I’m not recommending just one more Facebook, with a couple of features from Twitter, since socialmedia has an unlimited potential for innovation. Timing is critical, as well as focus on marketing and customer satisfaction.
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. Make sure everyone knows your vision and values.
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.
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.
And we all know Facebook didn’t invent socialmedia. Certainly I’m not recommending just one more Facebook, with a couple of features from Twitter, since socialmedia has an unlimited potential for innovation. Timing is critical, as well as focus on marketing and customer satisfaction.
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. Make sure everyone knows your vision and values.
Certainly, I’m not recommending just one more Facebook, with a couple of features from Twitter, since socialmedia has an unlimited potential for innovation. In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper.
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. Make sure everyone knows your vision and values.
Over time, I have collected a list of new business attributes that go beyond the initial idea or solution, which often are more critical to long-term success and satisfaction. Elon Musk mitigated this by making his battery patents free to all. A legendary pivot example in socialmedia was the transformation of Odeo into Twitter.
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.
And we all know Facebook didn’t invent socialmedia. Certainly I’m not recommending just one more Facebook, with a couple of features from Twitter, since socialmedia has an unlimited potential for innovation. Timing is critical, as well as focus on marketing and customer satisfaction.
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. Make sure everyone knows your vision and values.
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. Make sure everyone knows your vision and values.
Certainly I’m not recommending just one more Facebook, with a couple of features from Twitter, since socialmedia has an unlimited potential for innovation. In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper.
Marketing is free or cheap because of socialmedia. If we had stayed on the sidelines, waiting for less market uncertainty, we would have lost the opportunity to file the landmark medical robotic patents that eventually motivated Intuitive Surgical to purchase Computer Motion for approximately $150 million. Bargains Galore.
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