Startup Professionals Musings

FEBRUARY 14, 2021

They are looking for startups that have a sustainable advantage over direct and indirect competitor offerings, as well as obvious value to customers living without your product today. Non-specific terms, like better usability and low cost don’t incite customers to action these days. Clear product differentiation and a singular focus.

Intellectual Property 417

Intellectual Property Angel Investor Dilution Differentiation 417

Startup Professionals Musings

AUGUST 24, 2016

Value factors include your related product breadth and depth, relationships with thought leaders, key vendors, and large potential customers. Your idea is not intellectual property yet, so it has no inherent value. Building the product may be the easy part of your startup challenge. Key to required patents or trade secrets.

Equity 120

Equity Cofounder Technical Cofounder Intellectual Property 120

Startup Professionals Musings

OCTOBER 22, 2010

For no good reason, this process seems shrouded in mystery, when in fact it is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. Finally, they need to validate intellectual property protections and status. Market need and size validation.

Technical Review 225

Technical Review Due Diligence Intellectual Property Private Equity 225

Up and Running

SEPTEMBER 19, 2018

With the rise of new cannabis companies, it is important to differentiate your cannabis company from the competition, whether you are opening a farm, extraction operation, or dispensary. The problem is that they sell extremely similar products, and customers in the area are becoming more adventurous and seeking variety. Key customers.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Startup Professionals Musings

OCTOBER 16, 2020

Too many of you business owners think success only means being the next Amazon, or you stress yourself out trying to be everything to every customer. You need to see quickly both positive and negative trends , and understand whether the fluctuations are caused by customer or internal needs.

Intellectual Property 313

Intellectual Property Small Business Administration Bootstrapping Differentiation 313

Startup Professionals Musings

AUGUST 12, 2019

We certainly want to hear about any positive feedback you have from potential customers on your idea, your prototype, and your business model, but that better not be the end of the story. Don’t forget other intellectual property, including trade secrets, trademarks, copyrights, domain names, and your expert publications.

Intellectual Property 215

Intellectual Property Agile Differentiation Government 215

Gust

NOVEMBER 14, 2011

For no good reason, this process seems shrouded in mystery, when in fact it is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. Finally, they need to validate intellectual property protections and status. Market need and size validation.

Technical Review 152

Technical Review Due Diligence Intellectual Property Private Equity 152

Startup Professionals Musings

SEPTEMBER 21, 2018

File a provisional patent or other intellectual property. Intellectual property is also a clear differentiator from your competitors, and indicates a serious commitment rather than testing the water. Collect target customer testimonials and advocacy.

Equity 236

Equity Intellectual Property Elevator Pitch Social Media 236

Gust

NOVEMBER 2, 2011

For example, some investors would not fund a company without at least a minimum of customer feedback or intellectual property. Is the depth of intellectual property and competitive differentiation important to the target venture? It is good to establish some triggers for fundable companies.

Valuation 79

Valuation Pre-Money Valuation Intellectual Property Southern California 79

Business Plan Blog

JULY 4, 2013

But, the question remains, while your product may have an advantage over the competition, is that enough to make it desirably differentiated? When determining how you can differentiate your product or service, consider the following: Core Competencies. Know Your Customer. Know the fears of your customer.

Differentiation 59

Differentiation Intellectual Property Business Plan Security 59

NZ Entrepreneur

JULY 11, 2019

Check your business name doesn’t conflict with that of another business, by looking up the free online registers provided by the Intellectual Property Office of New Zealand and the NZ Companies Register. What differentiates your business from its competitors? Who is your ideal customer? What are its unique selling points?

Intellectual Property 51

Intellectual Property New Zealand Forecast Naming 51

Startup Professionals Musings

FEBRUARY 4, 2019

If you are looking for funding and customers for your new business, you need to identify your “unique selling proposition” (USP) right up front, in 30 seconds or less, to differentiate yourself in today’s information overload. Investor and customer attention spans are short, and both will write you off quickly.

Intellectual Property 183

Intellectual Property Cofounder .Net Bootstrapping 183

YoungUpstarts

DECEMBER 3, 2020

Singapore is also at the forefront of protections related to intellectual property, offering security for innovation. Creating location-specific content helps you connect with more potential customers in their preferred language and increases your business’ chance of being discovered by local search engines in Singapore. .

Singapore 147

Singapore Asia Intellectual Property Marketing 147

crowdSPRING Blog

FEBRUARY 14, 2019

Make sure you build your business to meet the needs of a specific niche to avoid overspending and underwhelming all of your potential customers. Consider branding yourself as an expert in real estate, personal injury, family law, intellectual property, or even admiralty law. NOT SATISFIED WITH THE GROWTH OF YOUR BUSINESS?

Angel Investor 85

Angel Investor Small Business Business Plan Intellectual Property 85

Version One Ventures

OCTOBER 18, 2012

Barriers to entry are no longer created by patents or by tech differentiation alone, but by superior traction in the marketplace. Category leaders do very well, while the #2, 3, 4… players struggle to attract customers and financing. However, now individual employees get the ball rolling by using a product.

IP 163

IP Technical Review B2C Social Network 163

Startup Professionals Musings

AUGUST 8, 2016

By profit, I simply mean offering a product or service to customers for a price that exceeds the total costs associated with the solution, thus providing some basis for recovering sunk costs and generating a return for stakeholders. Solve a painful problem for customers who have money to spend.

Intellectual Property 120

Intellectual Property Entrepreneur Elevator Pitch Exit Strategy 120

Startup Professionals Musings

AUGUST 14, 2014

They are looking for startups that have a sustainable advantage over direct and indirect competitor offerings, as well as obvious value to customers living without your product today. Non-specific terms, like better usability and low cost don’t incite customers to action these days. Clear product differentiation and a singular focus.

Intellectual Property 234

Intellectual Property Angel Investor Dilution Differentiation 234

crowdSPRING Blog

FEBRUARY 28, 2019

Make sure you build your business to meet the needs of a specific niche to avoid overspending and underwhelming all of your potential customers. That passion will come through in everything you do, and your customers will appreciate and embrace the authenticity of your brand. How to identfy your brand's audience, and more! Real Estate.

Business Plan 64

Business Plan Small Business Administration Hiring Social Media 64

The Next Web

OCTOBER 13, 2012

Filing an intellectual property lawsuit when your company is copied isn’t easy, since business ideas and business methods usually can’t be patented. In this case, the USP not only makes for a better user experience for customers but also helps differentiate Amazon from its competition in the eyes of consumers and courts.

Intellectual Property 136

Intellectual Property Differentiation Reputation Germany 136

crowdSPRING Blog

AUGUST 14, 2011

I discussed the importance of defining a frame of reference, leveraging points of parity, and articulating your brand’s points of differentiation. Care about what your customers care about. Listen to customers, research the competitive landscape, and build or enhance products that consumers want.

Small Business 96

Small Business Intellectual Property Differentiation Startup 96

Business Plan Blog

JULY 9, 2013

Sustainable competitive advantages are not easily copied and generally stem from one or more of the following: vendor relations, product sourcing advantages, prime location, unique products/services; customer loyalty, customer service reputation, or distribution channel advantages. While all I.P. Dynamic Product Line. But for how long?

Intellectual Property 45

Intellectual Property Differentiation Distribution Business Plan 45

Venture Chronicles

OCTOBER 2, 2012

This got me to wondering if in the not distant future when 3-D printers become just another durable good that is available to consumers, if then a significant paradigm shift occurs whereby product companies no longer sell the finished product but rather the intellectual property of a product.

Intellectual Property 30

Intellectual Property Product Differentiation Distribution 30

Steve Blank

FEBRUARY 17, 2016

Orin Herskowitz has been executive director of Columbia Technology Ventures since 2006 and is also VP of Columbia’s Intellectual Property and Tech Transfer. The agencies were all of differentiating ilk, and so they may or may not give us title. Filed under: Customer Development , SiriusXM Radio Show.

Government 120

Government Entrepreneur Intellectual Property Silicon Valley 120

Duct Tape Marketing

JUNE 20, 2023

Rodney highlights the significance of selecting the right areas for transformation that can deliver a differentiating value, plus the importance of upskilling and reskilling existing talent within digital changes. 12:22] Would you look at the value derived by digital technologies differently than by producing customer value or revenue? [14:23]

Technical Review 63

Technical Review Silicon Valley Generative AI Arizona 63

Up and Running

MAY 1, 2014

Every business is solving a problem for its customers and filling a need in the market. Who is your ideal customer? If you can show that your potential customers are already interested in—or perhaps already buying—your product or service, this is great to highlight. Describe the problem you are solving in the market.

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

Startup Professionals Musings

JUNE 3, 2020

Some element of “secret sauce” or intellectual property. This ability to focus and get the job done is the only way to keep you ahead of competitors today’s in a rapidly evolving market with highly demanding customers. Anything less will lower your credibility with investors, and confuse potential customers.

Intellectual Property 315

Intellectual Property Entrepreneur Forecast Differentiation 315

Duct Tape Marketing

JUNE 25, 2015

But according to a study by McKinsey & Company , email is nearly 40 times more effective at acquiring customers than Facebook and Twitter combined. Case Study: Rachel Rodgers is an intellectual property lawyer. . #1 – Email Newsletter. Social media gets all the fame and glory. Why is email such a powerful medium?

Intellectual Property 28

Intellectual Property Social Media Email Audience 28

infochachkie.com

SEPTEMBER 24, 2011

Tracking such revenue can be a challenge but is possible to approximate the revenue impact of PR activities via the use of unique URLs, customer surveys, etc. Any function within your startup that involves iterative learning, passion and/or close proximity to your customers should not be outsourced. Passion Cannot be Outsourced.

Equity 40

Equity Silicon Valley Cofounder PR 40

crowdSPRING Blog

MARCH 14, 2019

How do your natural strengths differentiate you from the other real estate businesses in the area? Make sure you set up your real estate business to meet the needs of a specific niche to avoid overspending and underwhelming all of your potential customers. Commercially zoned properties. Property management.

Business Plan 79

Business Plan Limited Liability Company Small Business Sales 79

Startup Professionals Musings

AUGUST 14, 2012

Experienced business people realize that unless you are dealing with a commodity, or customers are extremely unhappy, they won’t switch to a new alternative unless the savings are well above 20%. Here are the key ones: Real intellectual property. Lock on the market or customer base. Strong focus and differentiation.

Intellectual Property 244

Intellectual Property Non-Compete Differentiation Social Network 244

ConversionXL

JUNE 10, 2020

You feel great about your team, and it’s obvious to your customers that you care. Taken together, the messaging, pricing, features, branding, partners, and customers create context and set the scene for the product. “Customers have since discovered other brands offer acceptable substitutes [.] Add a new feature?

Product 80

Product Intellectual Property Social Media Audience 80

Startup Professionals Musings

JUNE 14, 2011

Experienced business people realize that unless you are dealing with a commodity, or customers are extremely unhappy, they won’t switch to a new alternative unless the savings are well above 20%. Here are the key ones: Real intellectual property. Lock on the market or customer base. Strong focus and differentiation.

Intellectual Property 256

Intellectual Property Non-Compete Differentiation Social Network 256

YoungUpstarts

JANUARY 22, 2018

Maybe they are all fearless, great problem solvers, and fanatical about customer satisfaction. Talent is today’s great differentiator. There was a time when a company could create or defend a competitive moat through its technological superiority, intellectual property, or its brand.

Intellectual Property 138

Intellectual Property Silicon Valley Hiring Differentiation 138

Startup Professionals Musings

MAY 6, 2016

It was a win-win deal, with new customers and better service for both. Startups can use alliances just as well to get to new customer segments, block competitors, or gain credibility from the logo of others. Mergers and acquisitions can also be win-win, if you have customers they need for a product complimentary to yours.

Merger 120

Merger Intellectual Property Startup Acquisition 120

ConversionXL

JUNE 6, 2017

This motivation model is the intellectual property of BEYOND REASON. Amazon has created a brand which works on paying attention and listening to customers. After each purchase, Amazon emails customers to rate the service received. They also allow customers to have their name printed on the final version.

Sales 86

Sales Marketing Cuba Intellectual Property 86

Startup Professionals Musings

APRIL 1, 2016

For a new startup, the best way to assure survival is to file patents or other intellectual property to keep future competitors from copying your success. The best startups have real differentiation. The customer value proposition is difficult to quantify. Look for a business opportunity with low customer churn potential.

Intellectual Property 120

Intellectual Property Matching Angel Investor Bootstrapping 120

Steve Blank

JUNE 23, 2021

This allowed us to emphasize how to differentiate a technical spec from a value proposition and expand on the parts of the business model that are unique for science and engineering startups. When Covid restrictions are over, we plan to add remote customer discovery to the students’ toolkit. Team Gloflow. Team EdgeAI.

Lean 310

Lean Technology Artificial Inteligence Intellectual Property 310