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8 Tactics For Every Entrepreneur To Manage Technology

Startup Professionals Musings

Technology is so key to every business these days that experienced business-smart but non-tech entrepreneurs are feeling deeper and deeper in the hole. Look for a match in culture and values, as well as technical strength. Continually ramp up your own technical competence. Don’t fall for a technical pitch you can’t fathom.

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6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

Don’t count on contracts and non-disclosure agreements to save you. It’s hard to write a detailed specification on an evolving new service, process, or product that embodies your core competency. Make sure the chemistry, values, and culture of the owners is compatible with yours. Don’t let leading edge become bleeding edge.

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6 Realities To Evaluate Your Outsourcing Alternatives

Startup Professionals Musings

Don’t count on contracts and non-disclosure agreements to save you. It’s hard to write a detailed specification on an evolving new service, process, or product that embodies your core competency. Make sure the chemistry, values, and culture of the owners is compatible with yours. Don’t let leading edge become bleeding edge.

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Starting a New Plumbing Business from Scratch

The Startup Magazine

Team The cornerstone of any successful plumbing business is a skilled, competent, and motivated team. It is imperative that your team aligns with your business values and customer service expectations. A competent and motivated team is a foundational pillar of a successful and thriving plumbing business.

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Becoming Truly Innovative: A Family Value

YoungUpstarts

Leveraging Embedded Competencies. Brand extension and market growth can be aided by a family name in ways a non-family brand name cannot. A parent demonstrating the value of innovation and entrepreneurship may cause children to re-calibrate the risk/reward relationship in favor of taking chances.

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Revisiting the Craft Beer Metaphor for the VC Industry

View from Seed

A few big players emerge that compete on scale and scope, much like AB Inbev in the beer industry and the megafunds in venture. The best way to compete in this world was to pursue a craft strategy on the opposite side of the spectrum focused on small scale production of high-quality products.

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7 Keys To Strategic Partnerships That Profit Everyone

Startup Professionals Musings

Always start with a formal proposal, limited in scope to a specific common objective or technology, for a limited amount of time, bounded by a two-way non-disclosure statement. Every startup has a core competency which should not be shared. Typically, there are market opportunities that neither of your core competencies can win alone.