article thumbnail

Should You Build Out Features Or Create A New Product?

YoungUpstarts

If you were looking for a lawyer to represent your company for a multimillion-dollar merger, what kind of lawyer would you want? Most of us would want to hire the most experienced, cutthroat lawyer specializing in multimillion-dollar mergers. The same rule applies to product and app development. A DUI lawyer? Didn’t think so.

article thumbnail

6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

I recommend a trial run with an experiment or MVP (minimum viable product), at full price and cost, before the big bang launch, risking your investment money and a major time commitment. The focus of key leaders has to change from driving innovative initiatives to replicating repeatable processes and tuning the overall product cycle.

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

Although his focus is naturally on bigger companies, I contend that his recommended strategies apply equally well to entrepreneurs and startups: Demand a mindset of deep thinking for the long term. You need to be constantly assessing mergers and acquisitions, as well as divestitures. Cote, former Chairman and CEO of Honeywell.

article thumbnail

Revisiting the Craft Beer Metaphor for the VC Industry

View from Seed

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. Elevated Product Quality The first parallel is that in both industries, the “product” has been elevated nearly across the board.

Merger 343
article thumbnail

30 Entrepreneur Explain How They Came Up With Their Business Name

Hearpreneur

The name To Tony Productions is a dedication to my cousin and close friend Anthony Ranoiccha III, or Tony, as the family would call him. So when it came time to form my production company, I wanted it to have meaning beyond myself and so it came naturally to name it after Tony as a dedication. 9- A merger of two companies.

Naming 150
article thumbnail

Four Skills You Need To Be Effective In Today?s Gig Economy

YoungUpstarts

With constant downsizing, mergers, and business pivots, today’s workers must be able to create a stable income. Design work is almost always commissioned to support the sale of a product or service. If your work isn’t supporting a direct product sale, it will still affect future business opportunities between you and the organization.

Merger 100
article thumbnail

5 Venture Periods Call For Unique Funding Strategies

Startup Professionals Musings

For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested. For investors, this is the idea stage , where you may have a great idea, but no plan, product, or customers, and probably no success record in this business domain. Congratulations!