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6 Ideas To Recover From Business Resource Challenges

Startup Professionals Musings

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. The result, called resourcefulness, allows entrepreneurs to create opportunities in the face of scarcity. Marty Zwilling

Resource 112
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Is your product ready for your market?

Berkonomics

You might be here: You have a great new product or service that you and your associates love. I would be very, very nervous without testing the product in the market as early as possible, ready to make changes and enhancements before committing to production and release. Even with a perfect product, is the market ready for this?

Product 156
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Using Generative AI to Drive Corporate Impact

TechEmpower

This shift allows business to reallocate human resources to more complex and strategic roles, or eliminate those positions entirely. It plays a crucial role in product development too, where generative AI speeds up design processes, streamlines testing, and tailors user experiences effectively.

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6 Funding Resources For Ideas Needing More Validation

Startup Professionals Musings

Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. This early stage is often called basic research , well before any specific commercially viable products might be envisioned. Commercial product prototypes. Product verification and clinical trials.

Resource 102
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The Scarcest Resource at Startups is Management Bandwidth

Both Sides of the Table

“Yeah, but I’m just going to execute this [channel sales deal, international license of my product, new industry, new operating system, biz dev deal] and then it will pretty much run itself.” I always tell teams I meet with, “The scarcest resource in your company is management bandwidth. I hear it every week.

Resource 415
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8 Priorities When Offering A New Product Or Service

Startup Professionals Musings

Every one of you business owners I know periodically introduces new products and services to sustain growth, fight off competitors, or take advantage of new technologies. The cost of any new product these days must include education and rollout marketing, perhaps equal or greater than the development costs.

Product 141
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Every New Venture Needs A Product And A Business Plan

Startup Professionals Musings

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.

Product 112