ReadWriteStart

APRIL 14, 2023

In 2022, we saw unusual supply constraints — lingering post-coronavirus supply chain issues, a persistently tight labor market , and Russia’s invasion of Ukraine — converge with high demand — partly fueled by heavy government stimulus during the first two years of the pandemic.

Technical Review 148

Technical Review Ukraine Software Review ChatGPT 148

Startup Professionals Musings

FEBRUARY 8, 2021

Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost. Unfortunately, I see too many new entrepreneurs who let their passion for a new idea or invention blind them to the stark realities of customer need, opportunity size, or pricing and cost implications.

Advisory Board 356

Advisory Board Bandwidth Cofounder Technical Review 356

YoungUpstarts

OCTOBER 8, 2020

The custom inflatable industry has been growing at an exponential rate in recent years. Its success can be attributed to the high public demand to make every party and event truly memorable. They are quickly becoming the leaders in the Australian market because of their commitment to making each creation a one-off custom piece.

Customer 222

Customer Australia Software Review Portfolio 222

Startup Professionals Musings

MAY 1, 2020

The distributed model draws on a diverse pool, helps manage costs, and captures regional insights and focus necessary to win local customers. Even consumers here in the US are demanding a more responsible approach. Manage risk – don’t just “move fast and break things.”

Silicon Valley 312

Silicon Valley Indonesia Venture Capital Global 312

Startup Professionals Musings

AUGUST 23, 2020

Self-demanding beats boss-demanding every time. Focus on the customer for repeated success. The basic premise is that if a startup expects paying customers to use its products or services, it should expect no less from its own team. Sometimes repeat entrepreneurs forget that they must acquire new customers.

Technical Review 324

Technical Review Entrepreneur Due Diligence Business Model 324

Startup Professionals Musings

FEBRUARY 14, 2022

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point. Nail the solution. Nail the go-to-market strategy.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

View from Seed

NOVEMBER 18, 2020

Airbnb’s availability as a marketplace and its aggregation of substantial consumer demand has actually meant certain forms of lodging have been newly built or converted into rooms for the primary purpose of listing on Airbnb. Additionally Airbnb charges both sides of the booking (guest & host) a separate service fee.

North America 401

North America IPO Prospectus Europe 401

Startup Professionals Musings

JUNE 26, 2020

A business plan is the outward facing definition of the business you hope to drive with your hardware solution, with a hardware overview in the intro to highlight customer value and competitiveness. Use non-fuzzy terms to quantify customer value. Provide specifics on the customer business model.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Startup Professionals Musings

FEBRUARY 24, 2020

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. Direct customer-facing non-technical roles should be the last ones outsourced.

Technical Review 308

Technical Review Due Diligence Startup Employee 308

Both Sides of the Table

NOVEMBER 14, 2017

There is nothing more pure than building a product, putting it out in the world and seeing paying customers using your product and in some cases loving it. MakeSpace (as he named it) would help you get your excess goods into low-cost warehouses. How long does it take me to pay back my original customer acquisition costs?

Operations 286

Operations New York City Technical Review Startup 286

Startup Professionals Musings

DECEMBER 27, 2019

My simple answer is that they keep their focus on customers, rather than technology. Jeff Bezos has kept his focus on customers. In my view, every startup in today’s world would do well to adopt a management system with the same key objectives: Start with a customer-obsessed business model.

Global 308

Global Marketing Technical Review Algorithm 308

The Startup Magazine

DECEMBER 22, 2024

When customers are left waiting for updates, responses, or resolutions, their trust in your business erodes. In the fast-paced startup environment, where every customer counts, delays can quickly spiral into lost opportunities and tarnished reputations. Teams waste time manually sharing information instead of focusing on customers.

Artificial Inteligence 108

Artificial Inteligence Customer Technical Review Operations 108

The Startup Magazine

DECEMBER 19, 2024

With millions of businesses launching annually, the competitive field is becoming more complex and demanding. Startups must tackle challenges from scarce resources to changing customer needs proactively. These systems apply complex algorithms to parse sales data, forecast demand trends, and manage stock levels efficiently.

Technical Review 119

Technical Review Startup Differentiation Social Media 119

The Startup Magazine

MAY 3, 2024

As a versatile ERP system, Microsoft Dynamics caters to a variety of business needs, supporting everything from sales management to customer interactions. Its modular nature allows for customized setups that can grow with your business, providing an infrastructure that adapts to both current needs and future expansion.

Early Stage 149

Early Stage Technical Review Software Review Operations 149

The Startup Magazine

NOVEMBER 8, 2022

Customer care is one of the most critical steps in starting a business. It’s a crucial part of every business for you to build strong relationships with your customers. According to a survey report provided by ArenaCX, 56% of customers stated that they are willing to pay a premium for a product to get excellent customer care.

Customer 136

Customer Social Media Software Review Startup 136

Startup Professionals Musings

JUNE 12, 2022

Customers today demand products and services personalized or tailored to local needs with embedded quality of life services. Scaling is done first by customer alliances through social media, and later by distributed joint ventures and coopetition. The cost of entrepreneur entry is at an all-time low.

Artificial Inteligence 315

Artificial Inteligence Offshore Merger Technical Review 315

Startup Professionals Musings

MAY 25, 2020

The resulting entity will gain complementary skills, economies of scale, new customer sets, and hopefully a larger growth opportunity. According to National Venture Capital Association statistics , only 16% of venture-backed startups recently used this alternative, due to high liability concerns, demanding shareholders, and high costs.

Exit Strategy 376

Exit Strategy Startup Private Equity Equity 376

Startup Professionals Musings

FEBRUARY 9, 2022

In other words, how do you recognize the challenges that really need your leadership , versus the less critical demands that seem to always bubble to the top? Customer feedback in the form of online reviews and poor customer service is often rationalized as unreasonable expectations or one or two crazy individuals.

Leadership 301

Leadership Founder Salary Demand 301

Steve Blank

NOVEMBER 2, 2021

INTERACTIVE CHART “ Average Cost of Hard Drive Storage per Gigabyte 1980-2014” Human Progress. Put yourself in the shoes of Mark Liu, chairman of TSMC: Do you view China as more of a competitor or customer – and why? The goal is to meet its local chip demand by 2030. Moore’s Law & the Global Semiconductor Industry.

Technical Review 407

Technical Review Taiwan Technology Artificial Inteligence 407

YoungUpstarts

NOVEMBER 2, 2020

by Howard Tiersky, author of “ Wining Digital Customers: The Antidote to Irrelevance “. At one time these brands exceeded customers’ needs and stood for something they cared about. But today’s customers are different. Digital is no longer just a ‘need’ for customers. REASON 1: You Need to Remain Relevant to the Customer.

Valuation 264

Valuation Technical Review Revenue Operations 264

Rembrandt Communications

SEPTEMBER 1, 2022

Your phone rings, online purchases flood your inbox, and you hire more people to keep up with the growing demand. But the good news is that you can start selling more and reach your year-end goals cost-effectively… even if you are in a nightmare situation right now due to COVID-19 repercussions, employee turnover, overdue bills, and more.

Sales 246

Sales Social Media Analytics Public Relations 246

The Startup Magazine

JANUARY 24, 2024

Customer engagement strategies encourage businesses to provide a positive experience that will encourage buyers to return by focusing on how you interact with your customers online and offline. Building an effective customer engagement strategy can create a substantial impact on your business.

Customer 132

Customer Social Media Retention Software Review 132

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Your customers will no longer be your customers. Cut costs to stay alive for 24 months. Your customers start buying. Payroll costs/other variable costs. The ripple effects won’t be obvious at first. Unemployment %.

South Korea 334

South Korea Salary Business Model China 334

Startup Professionals Musings

JULY 1, 2020

Of course, most of you expect that raising money will be difficult, as well as staving off competitors, and handling that occasional toxic customer. What you don’t expect is to feel out of control , or to always be fighting the many demands for your time. Cheaper in the beginning can be more costly in the long run.

Entrepreneur 306

Entrepreneur Due Diligence Startup Acquisition 306

The Startup Magazine

DECEMBER 29, 2022

These include high costs, competition, and shifting regulations. Revenue management solutions are used by businesses to maximize profits by monitoring demand for their products or services and adjusting prices accordingly. On the one hand, cross-selling is when a customer buys something that they didn’t originally intend to buy.

Management 144

Management Software Review Revenue Cost 144

TechEmpower

NOVEMBER 13, 2023

An empty textbox, demanding to be filled with a concise, compelling summary to impress potential employers is daunting. So instead, we fill it with a completely custom blurb, written just for him: Hello! That blurb, and the following examples, were all generated from GPT in only a few seconds, at a cost of less than one penny.

Generative AI 295

Generative AI Artificial Inteligence Houston America 295

Startup Professionals Musings

MAY 19, 2023

Self-demanding beats boss-demanding every time. Focus on the customer for repeated success. The basic premise is that if a startup expects paying customers to use its products or services, it should expect no less from its own team. Sometimes repeat entrepreneurs forget that they must acquire new customers.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229

Startup Professionals Musings

DECEMBER 24, 2018

Based on my experience, creating a new business is at least as difficult as creating an innovative solution, and it takes a knowledge of finance, operations, customers and the marketplace. Every potentially successful product has competition, or an alternative, or customers with no interest in change.

Angel Investor 249

Angel Investor Cofounder Finance Operations 249

Startup Professionals Musings

MAY 15, 2019

Steve Blank via Flickr by jdlasica I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point. Nail the solution.

Startup 245

Startup Angel Investor Technical Review Incubator 245

Startup Professionals Musings

NOVEMBER 4, 2019

In my experience, the key steps I look for always include the following: Testing the idea against customers who have money to spend. I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there.

Intellectual Property 235

Intellectual Property Elevator Pitch Harvest Technical Review 235

Startup Professionals Musings

FEBRUARY 25, 2022

I’m sure you have all noticed how today’s customers have changed the way they shop, but I still find, as an advisor and consultant, that many of you aren’t sure how to deal with the new mode, or are still waiting for things to get back to the old normal. Convenience is in the eye of the customer, not your company.

Demand 315

Demand Customer Dividend Curation 315

Steve Blank

DECEMBER 11, 2023

Most of the machines were custom-built to crack a specific code, and increasingly used a new ERA invention – the magnetic drum memory to process and analyze the coded texts. During World War II the demands of war industries caused millions more Americans to move to where most defense plants located. Costing $250,000 ($3.2

Minnesota 317

Minnesota Engineer Minneapolis Silicon Valley 317

The Startup Magazine

MARCH 6, 2024

From a diverse workforce to huge investments in training and development, these giants have evolved as favourites among customers only because of long-term decision-making and setting clear goals and objectives to be achieved within a specific period. Strategic operations management in the electronic industry is not easy.

Operations 137

Operations Management Software Review Technical Review 137

The Startup Magazine

MAY 1, 2023

In today’s fast-paced world, businesses with vehicle fleets are constantly seeking ways to improve efficiency and productivity while reducing costs. Properly managing a fleet can not only help businesses reduce costs but also improve customer satisfaction, increase employee safety, and promote environmental sustainability.

Technical Review 127

Technical Review Artificial Inteligence Management Software Review 127

YoungUpstarts

JULY 15, 2020

The vacation rental industry is lucrative, but it’s also demanding, and this has prompted the popularity of vacation rental software , such as iGMS. First-rate customer service is key and iGMS appreciates the importance of communication. There’s no setup fee, no cancellation charges, and no hidden costs lurking to catch you out. .

Software Review 234

Software Review Software Hosting Portfolio 234

Startup Professionals Musings

AUGUST 26, 2022

Many of the business plans I see are built around a dream, with idealistic costs, margins, and customer demand. Every successful business requires a focus on providing solutions, business management, and customer service. Successful businesses are built around solutions that work, have a market, and are scalable.

Founder 262

Founder Intellectual Property Social Media Business Plan 262

The Startup Magazine

OCTOBER 24, 2024

Furniture stores encounter obstacles such as inventory management and ensuring top-notch customer service. Enhancing Customer Experience Creating a great customer experience goes beyond offering high-quality products in the world of retail. Efficiency and organization are vital in the fast-paced world of retail today.

Operations 149

Operations Software Forecast Software Improvement 149