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6 Key Rules To Stay Competitive In The Digital World

Startup Professionals Musings

I like the summary of the competitive reality in a new book, “ Rethinking Competitive Advantage: New Rules for the Digital Age ,” by Ram Charan, who relates a wealth of current experience from global clients: Customers expect a personalized experience. You need to be part of a larger ecosystem. Find funders who seek long-term returns.

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How to Turn Your Million Dollar Idea Into a Startup

Startup Professionals Musings

Scan the Internet for existing patents and some “credible unbiased third party” data that confirms there is really a market for a solution resulting from your idea. Draft a business plan summary. These would include people and money first, and maybe software or manufacturing later to produce and deliver the solution.

Ideas 106
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Mind the Gap Between a Good Idea and Good Business

Startup Professionals Musings

Scan the Internet for existing patents and some “credible unbiased third party” data that confirms there is really a market for a solution resulting from your idea. Draft a business plan summary. These would include people and money first, and maybe software or manufacturing later to produce and deliver the solution.

Ideas 97
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The Cost Equation for a Startup is Better Than Ever

Startup Professionals Musings

I come from a high-tech software background, and only a few years ago, it would cost at least a million dollars ($1M) for a team of professionals to produce any commercial software product. Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars.

Startup 102
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Entrepreneurs Need Fewer Hot Ideas and More Plans

Startup Professionals Musings

Scan the Internet for existing patents and some “credible unbiased third party” data that confirms there is really a market for a solution resulting from your idea. Draft a business plan summary. These would include people and money first, and maybe software or manufacturing later to produce and deliver the solution.

Ideas 104
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You Don’t Need to be Rich to be an Entrepreneur

Startup Professionals Musings

I come from a high-tech software background, and only a few years ago, it would cost at least a million dollars ($1M) for a team of professionals to produce any commercial software product. Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars.

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Be Part of the Entrepreneurial Revolution

Startup Professionals Musings

I come from a high-tech software background, and only a few years ago, it would cost at least a million dollars ($1M) for a team of professionals to produce any commercial software product. Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars.

Startup 50