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No, that IS NOT a competitive advantage

A Smart Bear: Startups and Marketing for Geeks

Listening to first-time entrepreneurs talk about their competitive advantages is as predictably invalid as the local weatherman's 10-day forecast. Well 80% of the folks I meet tell me they're way better than average at SEO, Twitter, and "building communities" whateverthehell that means. We're better at SEO and social media.

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7 Team Attributes That Can Make Any Idea Come Alive

Startup Professionals Musings

There is an old saying in the startup investor community, “Smart investors invest in the team, not the idea.” Who would have forecast that entrepreneur Gary Ross Dahl would make millions by starting a “ pet rock ” business way back in 1975? Investors like to see new intellectual property as a barrier to entry.

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From Idea To Execution: Building An Efficient Workflow For Your New Venture

The Startup Magazine

Remember, building a team is not just about filling roles; it’s about creating a community. Encourage open communication, recognise achievements, and provide opportunities for professional growth. This involves careful budgeting, financial forecasting, and cash flow management.

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How to Write a Business Plan for an Outpatient Medical Practice

Up and Running

Revisit and update it regularly by comparing your forecasts to your actuals and adjusting as necessary. The solution : Dr. Gardner plans to open Ocean Lane Outpatient Care to serve smaller Oregon coastal communities scattered outside of major towns with major hospitals. Use it as a tool, especially around your financials.

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10 Rules of Thumb for Startup Investment Valuation

Startup Professionals Musings

Two founders have spent $200K of personal and family funds over a one year period to start the company, get a prototype site up and running, and have already generated some “buzz” in the Internet community. Assign real value to intellectual property. NewCo might be able to pick up an initial $50K valuation on this item.

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10 Ways to Size Your Company’s Value for Funding

Startup Professionals Musings

Two founders have spent $200K of personal and family funds over a one year period to start the company, get a prototype site up and running, and have already generated some “buzz” in the Internet community. Assign real value to intellectual property. NewCo might be able to pick up an initial $50K valuation on this item.

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10 Rules of Thumb for Startup Investment Valuation

Gust

Two founders have spent $200K of personal and family funds over a one year period to start the company, get a prototype site up and running, and have already generated some “buzz” in the Internet community. Assign real value to intellectual property. NewCo might be able to pick up an initial $50K valuation on this item.

Valuation 187