Gust

article thumbnail

Don’t Let Investors Conclude Your Startup Is A Hobby

Gust

This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. If you are contracting or outsourcing, this is even more important.

Startup 187
article thumbnail

Scaling a Business by Cloning Yourself is Tough

Gust

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. Their perspective is that these entrepreneurs need only to sell themselves, but shouldn’t need capital up front for product development or manufacturing.