Startup Professionals Musings

OCTOBER 19, 2022

The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return. Product pre-order model. With this model, a startup pre-sells their product early, at a cheaper price, in exchange for a pledge. Interest on debt model.

Funding 141

Funding Startup Outsource Development Satisfaction 141

Startup Professionals Musings

JANUARY 22, 2021

Too many founders have learned that passion and free beta products do not imply a sustainable business. Proof of any business model starts with a finished product or solution, sold to a new customer for full price, with high satisfaction for the value received. Marketing is everything these days.

Sales 165

Sales Customer Custom Social Media 165

Startup Professionals Musings

OCTOBER 6, 2023

Use this opportunity to validate their satisfaction and support for your company and your solution. Here investors are looking for feature problems or quality issues on the current product. A hard look will be taken at the technology maturity, the current development progress, and customer satisfaction with early product shipments.

Technical Review 118

Technical Review Startup Satisfaction Invest 118

Startup Professionals Musings

JANUARY 23, 2021

Ironically, as a startup investor and mentor, I have seen too many failures caused by just the opposite – too much money spent too soon, taking time to get product perfection, and assuming customers will wait. Startups funded by rich uncles rarely think about productivity. Rethink or reframe the challenge.

Startup 164

Startup Resource Entrepreneur Competition 164

Startup Professionals Musings

SEPTEMBER 15, 2021

But very quickly, it is becoming obvious to startups that the value and satisfaction exceeds the costs. Socially responsible products typically sell at a premium price. More and more customers choose a company based on their perceptions about the good that they do, as well as the price and service.

Startup 149

Startup Organization Customer Custom 149

Startup Professionals Musings

JANUARY 18, 2023

With pervasive access to social media, customers no longer differentiate poor product repair and replacement from a poor shopping experience or customer usage satisfaction. This means real customer value emphasis in all interactions and marketing, versus low price and price concessions. You can never edict all decisions.

Competition 109

Competition Services Customer Custom 109

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

OCTOBER 27, 2021

Most people need manageable product, time, and price specifics related to them, to appreciate the value of the big picture that you paint. Show results with a minimal viable product (MVP). Personal growth and satisfaction is rarely all about business. Break your creativity into specific deliverables.

Technical Review 133

Technical Review Satisfaction Metrics Startup 133

Startup Professionals Musings

FEBRUARY 8, 2023

I see it as an opportunity to find new ways to attract customers , make long-needed changes to improve productivity, and lower your own costs of doing business. While they are looking, you can benefit with new services or an expanded product line. We all need a shock from time to time, to get us thinking ahead again.

Outsource 95

Outsource Customer Custom Sample 95

Startup Professionals Musings

SEPTEMBER 22, 2023

Train them fully, give them authority, make them accountable, and tie their pay to customer satisfaction. It’s a core process that must be up and effective when you deliver your first product or service. In the past, competitive advantage was all about economies of scale, advertising power, and service versus price.

Competition 99

Competition Services Startup Training 99

Startup Professionals Musings

MARCH 10, 2023

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Outsource Development 115

Outsource Development Startup Competition Ideas 115

Startup Professionals Musings

FEBRUARY 7, 2021

This perspective looks at the business as the product, competing for the customer’s attention against a whole shelf of competitors. In this view the product features, cost, and support are the key to success. Here are some key ways these views differ: The Entrepreneurial Perspective asks the question: “How must the business work?”

Technical Review 136

Technical Review Startup Social Media Satisfaction 136

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

Berkonomics

JULY 26, 2012

Getting any product to market is an act composed of a series of compromises in quality, product perfection, feature-functionality, and cost effectiveness. When there are multiple parallel developments of components to fit into the whole product, the slowest component determines the speed of completion for the final product.

Satisfaction 136

Satisfaction Competition Pricing Design 136

Startup Professionals Musings

JANUARY 24, 2021

Use this opportunity to validate their satisfaction and support for your company and your solution. Here investors are looking for feature problems or quality issues on the current product. A hard look will be taken at the technology maturity, the current development progress, and customer satisfaction with early product shipments.

Technical Review 151

Technical Review Startup Satisfaction Invest 151

Startup Professionals Musings

SEPTEMBER 25, 2020

The world keeps changing, and visible business strategies that worked well in the past, including being the premium brand or low price producer, simply don’t get the customer loyalty they once did. Today, customers are looking for real relationships, a memorable shopping experience, and satisfaction of a higher purpose.

Customer 133

Customer Custom Satisfaction Examples 133

Startup Professionals Musings

JANUARY 20, 2020

The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return. Product pre-order model. With this model, a startup pre-sells their product early, at a cheaper price, in exchange for a pledge. Interest on debt model.

Entrepreneur 129

Entrepreneur Outsource Development Satisfaction Equity 129

Startup Professionals Musings

JANUARY 8, 2021

Train them fully, give them authority, make them accountable, and tie their pay to customer satisfaction. It’s a core process that must be up and effective when you deliver your first product or service. In the past, competitive advantage was all about economies of scale, advertising power, and service versus price.

Startup 154

Startup Training Customer Custom 154

Startup Professionals Musings

OCTOBER 23, 2022

They believe that the benefits of sharing data are very much worth the price of providing access to their data. Examples cited include biometrics, tool productivity, environmental control, social visibility, relationship data, and brand insight. These are typically decision makers, shoppers, and early adopters.

Social Media 107

Social Media Tool Google Yahoo 107

Startup Professionals Musings

DECEMBER 26, 2015

Yet, due largely to non-technology business considerations, including pricing, safety concerns and support infrastructure, there are none that most people can name. Develop written business plans as detailed as product plans. Yet their business plans rarely get more than a page or two written.

Technical Review 54

Technical Review Product Activity Technology 54

Startup Professionals Musings

JULY 2, 2021

Creating and growing a business requires creativity beyond the product, in the areas of finance, marketing, and operations. Unless you just sold your last business for a billion dollars, it’s hard to talk credibly about your next one without a written plan that outlines key business strategy elements, as well as product details.

Funding 152

Funding Startup Ideas Resource 152

Startup Professionals Musings

JUNE 23, 2021

For example, I commonly see metrics to keep track of revenue per employee, overtime, and absenteeism, but I don’t often see measures of overall customer satisfaction with individual employees. Encourage employee innovation in service, just like you must always be looking for ways to improve your product offerings.

Customer 147

Customer Custom Technical Review Metrics 147

Startup Professionals Musings

DECEMBER 5, 2020

No matter what people may proclaim, everyone in business is looking to achieve the highest possible level of satisfaction and financial success in their career. Entrepreneurial thinkers see their business mission as enriching the lives of customers, rather than being a better producer of products and services.

Entrepreneur 117

Entrepreneur Sales Customer Custom 117

Startup Professionals Musings

JULY 9, 2022

The challenge is that every new business needs to be innovative and different, in order to rise above the crowd, bring real change to the world, and give you the satisfaction you seek. Many businesses are already weaving gamification into their strategies to enhance loyalty programs, customer retention, productivity measurement, and training.

Technology 133

Technology Cloud Computing Social Media Networking 133

Startup Professionals Musings

JUNE 7, 2020

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Startup Professionals Musings

JULY 30, 2023

Employees can be much more productive if they fully understand strategic issues and focus correspondingly. Everyone wins when more efficient work on the right items results in higher customer satisfaction, lower prices, and more profit per employee. Understand the need for an investment well before results.

Entrepreneur 85

Entrepreneur Customer Custom Competition 85

Startup Professionals Musings

APRIL 28, 2021

I recommend a trial run with an experiment or MVP (minimum viable product), at full price and cost, before the big bang launch, risking your investment money and a major time commitment. The focus of key leaders has to change from driving innovative initiatives to replicating repeatable processes and tuning the overall product cycle.

Technical Review 131

Technical Review Case Study Mentor Software Review 131

Startup Professionals Musings

DECEMBER 19, 2022

In a critical extension to this thinking, the authors and I would outline another dimension to these personality types and motivators, by defining five motivation grade levels that also impact entrepreneurial motives, actions, and satisfaction: Level A. Advertising, pricing and support practices may show questionable integrity.

Entrepreneur 110

Entrepreneur Organization Customer Custom 110

Startup Professionals Musings

OCTOBER 11, 2021

Successful entrepreneurs are usually hard-driving, and highly focused on some specific goals, like being the dominant player in a given domain, or the low-priced provider of their product. Without precise goals, you can’t measure progress, and you miss the real satisfaction of knowing when to declare success. Write it down.

Writing 121

Writing Organization Satisfaction Entrepreneur 121

Startup Professionals Musings

OCTOBER 12, 2022

Every new entrepreneur has to initiate the right actions to be perceived as a leader in their chosen business domain by their team and by their customers, or the road to success and satisfaction will be lost along the way. Don’t wait for competitors to force the need for better products, lower prices and better customer service.

Startup 127

Startup Training Entrepreneur Resource 127

Startup Professionals Musings

JANUARY 26, 2020

They believe that the benefits of sharing data are very much worth the price of providing access to their data. Examples cited include biometrics, tool productivity, environmental control, social visibility, relationship data, and brand insight. These are typically decision makers, shoppers, and early adopters.

Social Media 131

Social Media Startup Tool Google 131

Startup Professionals Musings

NOVEMBER 9, 2020

Employees can be much more productive if they fully understand strategic issues and focus correspondingly. Everyone wins when more efficient work on the right items results in higher customer satisfaction, lower prices, and more profit per employee. Understand the need for an investment well before results.

Entrepreneur 159

Entrepreneur Customer Custom Competition 159

Startup Professionals Musings

MARCH 29, 2021

It started a few years ago with the advent of email satisfaction surveys after an online purchase, but now includes interactive Internet ads, as well as custom requests for input on the design of future products and influencers on social media. Market solutions as an experience or an event.

Customer 168

Customer Custom Marketing Social Media 168

Startup Professionals Musings

JULY 7, 2021

Today your reputation online is more important than your price, service, or location. Trying to disappear from the online world, or penalize it, is never productive, and may imply that you have something to hide. Despite what anyone tells you, you can and must manage it both before and after it may turn negative.

Social Media 144

Social Media Media Summary Satisfaction 144

Startup Professionals Musings

APRIL 20, 2015

Too many founders have learned that passion and free beta products do not imply a sustainable business. Proof of any business model starts with a finished product or solution, sold to a new customer for full price, with high satisfaction for the value received. Marketing is everything these days.

Startup 107

Startup Sales Customer Custom 107

Startup Professionals Musings

JANUARY 5, 2020

Pushing yourself on customers by touting features and price doesn’t work anymore. Although customers today are comfortable providing personal information in return for a better experience, they are also quick to write you off if you misuse the data, disclose it, or use it to push irrelevant products.

Customer 133

Customer Custom Social Media Startup 133

InfoChachkie

MARCH 16, 2016

However, they clearly have a long term impact on the customer’s overall satisfaction and thus their propensity to purchase additional products in the future. Startups do not always have the luxury to optimize their product for both buyers and users. Such product improvements must also be viewed through the eyes of the buyer.

SaaS 100

SaaS Startup Software Review Development Team Review 100