Startup Professionals Musings

article thumbnail

Are You Selling Solutions Through The Right Channel?

Startup Professionals Musings

Even the best products and solutions won’t go anywhere unless you sell them through the right channels. They usually get chastised and declined for ignoring the realities of the retail channel. The right channel for marketing and distribution is one of the basic “four Ps” of business (product, promotion, price and placement).

Channel 120
article thumbnail

7 Ways to Use Data and Analytics for Strategic Change

Startup Professionals Musings

More than ever, businesses need to take full advantage of automation, data, and analytics to run their business more productively and competitively. Let the data and the analytics suggest the questions you need to ask, not the answers. Keep your eye on the data and the analytics. Recognize that the problem and needs will shift.

Analytics 149
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Key Factors Obscure Your Customer Acquisition Costs

Startup Professionals Musings

As I recently watched an episode of “ Shark Tank ,” I realized that the shark investors focus on your responses to these questions is also a credibility test on your business savvy, as it leads to other relevant questions on margins, channels, and your understanding of key customer forces. Outside partners and channel impacts are complex.

article thumbnail

6 Information Surges Raise Huge Startup Opportunities

Startup Professionals Musings

Online entertainment: millions of channels, billions of actors. Analytics will soon drive nearly all business decisions for any company that wants to remain relevant to its customers. Startups are in the best position to provide the analytics, and use them first. YouTube is now the 800-pound gorilla of entertainment.

Startup 315
article thumbnail

8 Ways Different Team Members See Efforts To Innovate

Startup Professionals Musings

Analytical: synthesizer of hypotheses and data. Channel your energy into feedback on the alignment and decision-making process. Professionals in this category are wired for new territory, but deliberately work through the organization to build support and create momentum for an initiative. Coach: force for stability and mentoring.

article thumbnail

6 Technology Trends Will Spawn Countless New Ventures

Startup Professionals Musings

Online entertainment: millions of channels, billions of actors. Analytics will soon drive nearly all business decisions for any company that wants to remain relevant to its customers. Startups are in the best position to provide the analytics, and use them first. YouTube is now the 800-pound gorilla of entertainment.

article thumbnail

10 Areas Where You Can Win With Predictive Analytics

Startup Professionals Musings

By contrast, predictive analytics uses data patterns to make forward-looking predictions that guide you to where you should go next. According to Eric Siegel in the updated version of his classic book “ Predictive Analytics ,” it’s the power to predict who will click, buy, lie, or die. Predictive advertisement targeting.

Analytics 177