Remove Information Remove Operations Remove Partner Remove Product Name
article thumbnail

Many Startups Stumble on International Cultures

Startup Professionals Musings

Here are a few examples from my personal experience: You need to translate/localize your products. I was once asked by a top executive of a major software company why we were not selling more products in Finland. I informed him that we needed to translate the software into Finnish at a cost of $50,000. Watch your product naming.

article thumbnail

10 Startup Shortcuts That Will Be Back To Haunt You

Startup Professionals Musings

It also forces you to pick a name for your company and put other intellectual property stakes in the ground. Company and product naming may also seem simple, but should be a key early effort, because mistakes can be very costly. Rely on informal agreements with partners. We all have our favorite story on this one.

Startup 265
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 Avoidable Mistakes Cause Entrepreneurs Much Pain

Startup Professionals Musings

It also forces you to pick a name for your company and put other intellectual property stakes in the ground. Company and product naming may also seem simple, but should be a key early effort, because mistakes can be very costly. Rely on informal agreements with partners. We all have our favorite story on this one.

article thumbnail

The Ultimate Inventor’s Guide to Inventing Things

Up and Running

Please consult a patent attorney for more information about filing for a patent, and getting your idea to market. . Boris Wertz, founding partner of Version One Ventures, believes that if you’ve worked in an industry you’re passionate about for a long time, you may know something about the market that nobody else knows.

article thumbnail

10 Startup Shortcuts That Will Be Back To Haunt You

Gust

It also forces you to pick a name for your company and put other intellectual property stakes in the ground. Company and product naming may also seem simple, but should be a key early effort, because mistakes can be very costly. Rely on informal agreements with partners. We all have our favorite story on this one.

Startup 183
article thumbnail

International Cultures are Key Business Challenges

Startup Professionals Musings

As a follow-on to that article, here are a few examples from my personal experience: You need to translate/localize your products. I was once asked by a division manager of a major software company why we were not selling more products in Finland. I informed him that we needed to translate the software into Finish at a cost of $50,000.

Brazil 121
article thumbnail

7 Reasons To Think Globally While Still New And Local

Startup Professionals Musings

This approach, popularly known as “ glocalization ,” means you have to design and deliver global solutions that have total relevance to every local market in which you operate. What all this doesn’t mean is that you should roll out your product in every country at the same time. Balance your business between geographies.

Global 266