Startup Professionals Musings

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Startups Need the ‘Why’ Before the ‘What’ to Build

Startup Professionals Musings

Intellectual property (IP). Scalability. Show that your business can build the necessary products and services rapidly and achieve economies of scale with minimum capital and labor. Patent protection is no guarantee, but it does improve the chances of building businesses that have a sustainable competitive advantage.

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7 Lessons They Don’t Teach You In Crowdfunding School

Startup Professionals Musings

Keep all IP details close to the vest. Crowdfunding platforms don’t have the facilities to handle non-disclosure agreements that you might expect from every professional investor. With a large number of unknown investors demanding details, you are highly exposed to potential competitors.

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Five Reasons for Setting Startup Strategy Early

Startup Professionals Musings

Intellectual property (IP). Scalability. Show that your business can build the necessary products and services rapidly and achieve economies of scale with minimum capital and labor. Patent protection is no guarantee, but it does improve the chances of building businesses that have a sustainable competitive advantage.

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5 Strategies For Business Growth Many People Forget

Startup Professionals Musings

For example, Facebook added WhatsApp as a cross-platform messaging and Voice over IP (VoIP) service to enhance the self-sustaining growth their social media platform before any downturn. Competitors tend to focus on price and other variations to existing offerings. Too many businesses only think of new products when in crisis mode.

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Your New Venture IP Portfolio Sets Investment Value

Startup Professionals Musings

When someone says Intellectual Property (IP), most entrepreneurs think only of patents. In reality, patents are only one of at least eight items that should be in your IP portfolio. A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio.

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Can Your Startup Flourish Despite Business Chaos?

Startup Professionals Musings

Don’t count on your IP to save you. There are always people around with deeper pockets that can find synergy between your space and theirs. Once they see you have developed credible traction, they can grab your space with less cost (meaning lower price) than you had to put into developing it. Employees stop innovating.

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Great Entrepreneurs are Masters of Business Chaos

Startup Professionals Musings

Don’t count on your IP to save you. There are always people around with deeper pockets that can find synergy between your space and theirs. Once they see you have developed credible traction, they can grab your space with less cost (meaning lower price) than you had to put into developing it. Employees stop innovating.