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5 Current Technologies Still Have Room For Innovation

Startup Professionals Musings

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. I’m sure you can find some gaps, niches, or extensions for each of these technologies: Internet of Things. Social Media. Cloud Computing.

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Base Your New Venture On These New Technology Trends

Startup Professionals Musings

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. I’m sure you can find some gaps, niches, or extensions for each of these technologies: Internet of Things. Social Media. Cloud Computing.

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5 Risk Reduction Strategies For Your Next New Venture

Startup Professionals Musings

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. And we all know Facebook didn’t invent social media. Disruptive technologies are random and their success is unpredictable.

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6 Keys To A Winning Business Model For Your Customers

Startup Professionals Musings

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. Everyone on your team must maintain the mindset that customers are the key to your business model, rather than technology or accounting. Start selling it before you build it.

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8 Entrepreneurship Principles For Anticipating Change

Startup Professionals Musings

This required ability is aided by some supportive personal attributes, such as confidence, initiative, problem solving, and determination, but the basic learning principles must include the following: Satisfaction will come from learning something new every day. This is a key part of enjoying the journey, as well as the destination.

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5 Keys To Reducing Startup Risk By Building On Trends

Startup Professionals Musings

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. And we all know Facebook didn’t invent social media. Disruptive technologies are random and their success is unpredictable.

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7 Modern Day Business Strategies For Long-Term Growth

Startup Professionals Musings

I continue to be amazed that more than a quarter of new businesses don’t even have a website , and many more don’t pay attention to social media, or monitor feedback on sites like Yelp. At minimum, that requires a modern website, and visibility on relevant social media sites, likely including Facebook, YouTube, and Twitter.