Berkonomics

APRIL 14, 2022

Second, you can make a call to action, using an ad to bring people to your place of offer, buy your services or product, or take advantage of a special incentive. For example, direct response ads yield precise statistics, and the pay–off is easily measurable. And third, you can invest in direct response advertising.

Advertising 156

Advertising Statistics Pricing Email 156

Startup Professionals Musings

AUGUST 23, 2023

Every business owner and entrepreneur like you I work with wishes they could better predict product demand and sales, for managing inventory and long-term business planning. An acceptable measurement error is really a statistical calculation, rather than an arbitrary dictate from management.

Metrics 81

Metrics Demand Statistics Sample 81

socalTECH

JANUARY 27, 2016

StatMuse develops natural language search software and a social interface, which helps fans push out statistics about their favorite teams; the company currently has a deal with the NBA to offer up its service to fans of the league. StatMuse was founded by Eli Dawson and Adam Elmore.

Statistics 100

Statistics Burbank Class Software 100

Startup Professionals Musings

SEPTEMBER 15, 2018

Many entrepreneurs are so enamored with their product vision that they believe their own hype, and are convinced that the market for their solution is so huge that no one will ask them for independent market research data. These are also important for your product positioning in the competitor section of your business plan.

Research 87

Research Marketing Statistics Report 87

Startup Professionals Musings

OCTOBER 21, 2022

Yet according to other statistics, vanishing few of these ever generate a significant profit. Through a free base product, you give the first taste of the service or game away for free, get users hooked, and then convert as many as possible to paying customers. Commoditize complementary products. Be aggressive and alert.

Develop 138

Develop Development Platform Mobile 138

Berkonomics

JUNE 25, 2020

A simple statistic which can be derived from a good general ledger using GAAP accounting procedures. Total new customers this month times the average expected revenue – divided by total direct sales and marketing cost together with the cost of product or service for those customers for the month.

Acquisition 156

Acquisition Statistics Sales Customer 156

Startup Professionals Musings

SEPTEMBER 25, 2023

These are the only people likely to believe in newbies, with only minimal product evidence or business experience. This is confirmation that the right people are always more important than the right product. Use the minimum viable product concept to get revenue early, and allow market and product pivots at minimal cost.

Startup 109

Startup Funding Equity Invest 109

Berkonomics

JULY 9, 2020

If your business has no trade with Japan that could be affected by arbitrage, early shipments or other tactics that take advantage of the moving value of these currencies, that statistic is irrelevant to the dashboard – even if interesting to you. Find metrics that will be “leading indicators” of trouble to come.

Metrics 156

Metrics Software Review Statistics Technical Review 156

socalTECH

SEPTEMBER 3, 2010

in a funding for sports statistics and information provider SportMEDIA Technology Corp. provides graphics, statistics, and video enhancement for sports broadcasts. Los Angeles-based venture capital firm Vicente Capital Partners has invested $12.5M SportsMEDIA said today. Vicente Capital's investment was led by Jay Ferguson.

Capital 150

Capital Funding Statistics Venture Capital 150

socalTECH

MARCH 13, 2013

Beddingfield is a dermatologist, who was most recently at Allergan, working on that firm's Botox, Juvederm, and Latisse products. The firm said Beddingfield will lead all clinical research and development, including strategy, operations, statistics, data management, medical writing, regulatory and quality for the company.

Statistics 138

Statistics Writing Research Los Angeles 138

Startup Professionals Musings

SEPTEMBER 20, 2010

Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. The distinction between product companies and services companies is easy to see. The distinction between product companies and services companies is easy to see.

Product 91

Product Services Satisfaction Patents 91

Berkonomics

OCTOBER 28, 2021

You probably know, and I’m just lecturing here, that this is the actual market you measure for your product or service, since it is limited to those who use or can use your offering and those you can reach. So, is your (SOM) serviceable obtainable market large enough? This lesson is important. .

.Net 156

.Net Statistics Marketing Research 156

Startup Professionals Musings

OCTOBER 16, 2023

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Calculate investment amounts and timing.

Startup 116

Startup Pricing Sales Statistics 116

Berkonomics

JULY 12, 2018

The book was written to describe in simple terms the use of statistical analysis to remove bottlenecks in a manufacturing environment. In a manufacturing or production environment, that means people are stuck at their positions with completed work waiting for the process to move on.

Organization 226

Organization Resource Statistics Email 226

Startup Professionals Musings

AUGUST 19, 2022

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. It’s the same for customers and products, where analytics have long proven their value.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Berkonomics

SEPTEMBER 4, 2014

Resources such as money, experience, statistics about your target, experienced marketing and sales talent, and especially a compelling need and attractive product are all important to the ultimate success of an enterprise. And entering the fight without the proper resources usually assures defeat.

Resource 184

Resource Statistics Customer Custom 184

Startup Professionals Musings

NOVEMBER 6, 2020

According to recent statistics from the Small Business Administration (SBA), this approach still accounts for 99 percent the businesses out there today. Let business success be your definition of satisfaction and happiness, rather than some arbitrary monetary statistic. You want to be your own boss, and do things your way.

Statistics 124

Statistics Equity Satisfaction Entrepreneur 124

Berkonomics

SEPTEMBER 6, 2018

But each commitment of resources of any substantial size for acquisition of new products, talent, even new companies, changes the value of your enterprise perhaps to a great degree. Know first that statistically, 80% of all acquisitions do not meet the intended objectives of the acquirer, making most all acquisitions risky.

Company 120

Company Companies Acquisition Resource 120

Startup Professionals Musings

FEBRUARY 13, 2021

Ideas to improve the usability of an existing product, or ways to extend its audience, are not likely to be unique to you, and difficult to win over competitors. You may be a product expert, but have little experience with running a business, or marketing, or sales. Be prepared to ship a minimum viable product and pivot.

Startup 162

Startup Metrics Ideas Entrepreneur 162

Berkonomics

MARCH 16, 2017

If you read last week’s analysis of statistics for startups and early stage businesses, you have learned the truth that at least half of the businesses backed by professional early stage investors will die within three years or less. None of this is to say that an inexperienced entrepreneur cannot lead a great new business.

Statistics 243

Statistics Ideas Entrepreneur Startup 243

Startup Professionals Musings

AUGUST 22, 2014

Many entrepreneurs are so enamored with their product vision that they believe their own hype, and are convinced that the market for their solution is so huge that no one will ask them for independent market-research data. These are also important for your product positioning in the competitor section of your business plan.

Marketing 97

Marketing Entrepreneur Statistics Research 97

Startup Professionals Musings

DECEMBER 18, 2022

Investors are buying part of the business, not the product or service. They only want a quick overview of the product, not detailed features and patent secrets. It’s always impressive to have stand-alone supporting documents for product specifications, sales plan details, and backup financial reports.

Technical Review 109

Technical Review Startup Statistics Social Media 109

Startup Professionals Musings

JUNE 4, 2021

What most people don’t realize is, according to recent statistics , despite top positioning, only a quarter of sites selected comes from paid search. Their computers then merge your ads with search results when users search words imply an interest in your products. The display side is called pay per action (PPA) or pay per lead (PPL).

PPC 154

PPC SEO Paid Search Search Engine Optimization 154

Berkonomics

MAY 30, 2019

Given the statistics quoted above, you must find ways to have your consumers endorse your product publicly, and in a form that is divorced from looking like an advertisement. People are more trusting of unknown third parties endorsing your product that they are of direct ads touting the benefits of the product in large, clear type.

Case Study 120

Case Study Study Customer Custom 120

Tech Zulu Event

JUNE 13, 2014

Data lets organizations understand clients, products and processes much better. Data Science vs. Statistical Analysis. Data science differs from traditional statistical analysis and computer science in that scientific method is applied with data collected using scientific principles. is often required.

Artificial Inteligence 92

Artificial Inteligence Statistics Company Companies 92

Startup Professionals Musings

AUGUST 25, 2023

To keep you out of this statistic, I recommend the following steps to all aspiring business owners as they step into this new and exciting world of managing your own business: Solidify your funding plan before you start spending. It’s much easier to pivot before full production and much money has been spent.

Social Media 98

Social Media Metrics Media Tool 98

Startup Professionals Musings

JANUARY 11, 2023

Successful entrepreneurs are the ones who think the most creatively, not only in their initial product or service, but more importantly all through the stages of growth from startup to maturity. Sales people tend to remember the latest product when selling to clients, not the one best for that customer. Tricked by recency.

Marketing 119

Marketing Metrics Demand Statistics 119

socalTECH

DECEMBER 17, 2009

has just launched a new Twitter analytics product, the firm said Thursday afternoon, which allows Twitter users to see statistics on their account. Los Angeles-based Twitter advertising startup Ad.ly According to Ad.ly, the new Ad.ly

Statistics 183

Statistics Advertising Los Angeles Sites 183

Startup Professionals Musings

APRIL 16, 2023

For new product startups, search engine marketing (SEM) is still one of the most cost-effective and scalable lead-generation approaches. Nearly $50 billion is being spent annually on direct mail, according to statistics , and the amount has been increasing each year. Yet it is more alive than ever before. Cold calling. Trade shows.

Marketing 114

Marketing Invest Social Media SEM 114

Startup Professionals Musings

JANUARY 11, 2021

These are the only people likely to believe in newbies, with only minimal product evidence or business experience. This is confirmation that the right people are always more important than the right product. Use the minimum viable product concept to get revenue early, and allow market and product pivots at minimal cost.

Funding 138

Funding Startup Equity Invest 138

Startup Professionals Musings

AUGUST 28, 2016

Many entrepreneurs are so enamored with their product vision that they believe their own hype, and are convinced that the market for their solution is so huge that no one will ask them for independent market research data. These are also important for your product positioning in the competitor section of your business plan.

Marketing 59

Marketing Startup Statistics Research 59

socalTECH

APRIL 4, 2013

We worked night and weekends, fleshed out the concept, and in July and August of 2008 we launched the product, took on some angel funding, and started the process. It looks like you were able to get over that initial hurdle you often find as a startup, and have gotten people--particularly in baseball--to use your product.

Coach 252

Coach USC Statistics Startup 252

Startup Professionals Musings

JANUARY 3, 2022

Startup investors tell me they invest in a new venture with a higher caliber of people, rather than the product or service, and I agree. In my role as a business advisor, I see successful businesses most often emerging from great teams rather than great products.

Training 135

Training Case Study Resource Statistics 135

Startup Professionals Musings

JANUARY 24, 2020

Yet according to other statistics, vanishing few of these ever generate a significant profit. Through a free base product, you give the first taste of the service or game away for free, get users hooked, and then convert as many as possible to paying customers. Commoditize complementary products. Be aggressive and alert.

Mobile 126

Mobile Develop Development Platform 126

Startup Professionals Musings

MAY 8, 2022

That’s not an attractive statistic if you crave control and power. No one wants to put in money until you have a product, and you need money to build the product. Startups are usually founded by product or service experts who don’t enjoy the various growth phases. The right investors and right time dilemma.

Startup 130

Startup USC Entrepreneur Statistics 130

Startup Professionals Musings

FEBRUARY 5, 2021

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Calculate investment amounts and timing.

Startup 147

Startup Pricing Sales Statistics 147

Startup Professionals Musings

APRIL 14, 2023

Either could improve the statistic that half of startups fail within the first five years. Yet if you already have some early adopters, that's a good indication that real marketing and education will likely bring your product or service mass acceptance. Nothing is more discouraging to aspiring entrepreneurs than the high failure rate.

Startup 135

Startup Entrepreneur Statistics Course 135