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7 Steps To A New Business From An Innovative Solution

Startup Professionals Musings

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. This is not just a product pitch, but must include all elements of your pricing, marketing, distribution and maintenance. Talk to industry experts and investors.

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7 Keys To Making A Business Out Of Your Great Product

Startup Professionals Musings

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. This is not just a product pitch, but must include all elements of your pricing, marketing, distribution and maintenance. Talk to industry experts and investors.

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10 Entrepreneur Milestones That Make Funding Easy

Startup Professionals Musings

I hear a lot of entrepreneurs contemplating their great “idea” for several years with little discernable progress, and looking for money to start. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction.

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You Negotiate Commodities, But You Seize Opportunities

Steve Blank

Along the way I also learned yet another way entrepreneurs see the world differently from their investors. Advisory Board. In the early days of Rocket Science I realized that we needed high-level advice on multiple fronts; technology, game development, video game distribution, etc. Instead what I got was, “Wait a minute.

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5 Preconditions for Success in Spawning a New Venture

Startup Professionals Musings

Even with advantages that independent startups can never hope to match, including brand recognition, customers, financial capital, and distribution, I don’t often see the entrepreneurial passion for innovation, agility, and team perseverance exhibited by new startups. Make sure everyone comes with an entrepreneur mindset for real innovation.

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7 Steps For Establishing The Right Business Model

Startup Professionals Musings

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. This is not just a product pitch, but must include all elements of your pricing, marketing, distribution and maintenance. Talk to industry experts and investors.

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How to Survive Four Common Worst Case Scenarios

Startup Professionals Musings

The challenges stem from the simple fact that every entrepreneur is starting something new, where things are predictably unpredictable. Add an advisory board or experienced mentor to reality-check your financial projections, timeframes, and milestones before you publish them. Strategically timid and haphazard marketing.