article thumbnail

Every Startup Needs Intellectual Property To Thrive

Startup Professionals Musings

A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. When someone says Intellectual Property (IP), most entrepreneurs think only of patents. Social media accounts. You need all these before you start looking for funding.

article thumbnail

8 Intellectual Property Items Every Startup Needs

Startup Professionals Musings

A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. When someone says Intellectual Property (IP), most entrepreneurs think only of patents. Social media accounts. entrepreneur startup name intellectual property trademark'

Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Portfolio Assets Are Key To Your Startup Valuation

Startup Professionals Musings

A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. When someone says Intellectual Property (IP), most entrepreneurs think only of patents. Social media accounts. You need all these before you start looking for funding.

article thumbnail

Social Media Accounts are Intellectual Property

Startup Professionals Musings

A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. When someone says Intellectual Property (IP), most entrepreneurs think only of patents. Social media accounts. You need all these before you start looking for funding.

article thumbnail

8 Steps To Starting A New Venture With Limited Funds

Startup Professionals Musings

The cost of rolling out a business has never been lower – it only takes a few hundred dollars to incorporate a Limited Liability Corp (LLC) online, create your own website, use social media to get attention, and you are in business. Build a following and start a brand through social media.

article thumbnail

10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage. Set specific targets on the sales channels and marketing initiatives you need, including the use of social media, brand building, franchising, trade shows, affiliates, and distributors.

article thumbnail

6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there. In my experience, the key steps I look for always include the following: Testing the idea against customers who have money to spend.