Remove every-business-is-ultimately-a-manufacturer-yours-too
article thumbnail

5 Keys to Moving From Entrepreneur Thinking To Action

Startup Professionals Musings

The lesson here is that the right actions, follow-through, and commitments involved in starting a new venture are likely more important to ultimate success than honing the single ultimate idea, or getting the solution exactly right the first time. They enjoy the journey more than the destination. Real entrepreneurs start experiments.

article thumbnail

7 Reasons That Investors Won’t Fund Inventions Alone

Startup Professionals Musings

Every inventor seems to think their invention is worth a million dollars, but I haven’t seen anyone pay that much for one yet. In fact, I often have to tell aspiring entrepreneurs that their inventions have zero value, at least not until they are put in the context of a business plan, with qualified people committed to executing the plan.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Like Their Customers, Tech Startups Will Weather the Storm

ReadWriteStart

In March 2022, right after Russia invaded Ukraine, the Fed started raising interest rates to battle inflation (the first hike in over three years), the inevitable result of too many dollars chasing too few goods and services. A downturn can also catalyze “home improvement” projects that businesses have been putting off.

article thumbnail

The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

The reality is that as VCs we have limited allocations of where we can spend our time so we want to attach ourselves to projects in which we, too, can be passionate. The reality is that as VCs we have limited allocations of where we can spend our time so we want to attach ourselves to projects in which we, too, can be passionate.

article thumbnail

Every Business Is Ultimately A Manufacturer (Yours Too)

Mike Michalowicz

While traditional manufacturers create products, all businesses create experiences. No matter what you deliver to your customer, it gives them an experience. Your job is to manufacture that experience perfectly, every single time.

Customer 117
article thumbnail

The Digital Era and Global Lockdown: See How These Industries Evolved

ReadWriteStart

The recent turbulence of Coronavirus made all of us rethink business life. The metamorphosis includes day-to-day operations to the business processes of vital importance. Businesses have even started closing new deals with clients at online meetings. How has the business world evolved throughout the Coronavirus challenges?

Global 179
article thumbnail

7 Business Realities To Temper Invention Excitement

Startup Professionals Musings

Every inventor seems to think their invention is worth a million dollars, but I haven’t seen anyone pay that much for one yet. In fact, I often have to tell aspiring entrepreneurs that their inventions have zero value, at least not until they are put in the context of a business plan, with qualified people committed to executing the plan.