Startup Professionals Musings

DECEMBER 5, 2021

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. It usually implies an opportunity to win big, like a lottery, or experience something sensational, like an incredible video or free product. Develop viral content.

Viral 348

Viral Marketing SEM Campaign 348

Startup Professionals Musings

MAY 1, 2020

In other parts of the world, innovators often need to develop both the ultimate product or service, as well as the enabling infrastructure that underpins it. Silicon Valley’s conventional model is to integrate local experienced engineering, product development, and marketing people for the big push.

Silicon Valley 312

Silicon Valley Indonesia Venture Capital Global 312

The Startup Magazine

DECEMBER 19, 2024

With millions of businesses launching annually, the competitive field is becoming more complex and demanding. These systems apply complex algorithms to parse sales data, forecast demand trends, and manage stock levels efficiently. With this insight, companies can tailor their products to deeply connect with customers.

Technical Review 145

Technical Review Startup Differentiation Social Media 145

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

Startup Professionals Musings

AUGUST 23, 2020

Every startup success is a function of great people, products, and profits. Self-demanding beats boss-demanding every time. Leapfrog products invent and reinvent markets. Incremental product ideas do not change markets. Sometimes their haste or ego causes them to ignore basics, and they fall hard.

Technical Review 324

Technical Review Entrepreneur Due Diligence Business Model 324

Startup Professionals Musings

MARCH 14, 2022

Here are a few specifics on how to be part of the solution, without the costs, rather than part of the problem: Put a personal face and address on your site; don’t hide behind an “info” email address. But that is just the beginning of the opportunity to provide or take advantage of the new power and tools on the Internet.

Technical Review 342

Technical Review Customer Social Network Software Review 342

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. Success demands testing the solution early and quickly in the market, then iterating to get it right. 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

Both Sides of the Table

NOVEMBER 14, 2017

An alternate outcome that I also unfortunately observe in some cases are companies who had extreme early success with an initial product adoption but failed in key areas that limited the growth and therefore the ultimate financial outcomes. MakeSpace (as he named it) would help you get your excess goods into low-cost warehouses.

Operations 286

Operations New York City Technical Review Startup 286

Startup Professionals Musings

FEBRUARY 24, 2019

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. The founder explains that the product is so “buzz-worthy” that usage will spread rapidly through word-of-mouth only, meaning people loving it and recommending it to their friends.

Viral 268

Viral Marketing SEM Campaign 268

Startup Professionals Musings

FEBRUARY 6, 2021

I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. The last thing you need in a startup is a false start, where you can’t deliver on a product change deadline, or a new marketing channel.

Metrics 387

Metrics Technical Review Leadership Framework 387

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. In addition, you can reduce to soft costs of mentoring, relationship building, and socializing.

Technical Review 308

Technical Review Due Diligence Startup Employee 308

Startup Professionals Musings

JUNE 12, 2022

They have become a by-product of innovation rather than the cause of it: Conglomerates grew from industrialization, not innovation. Many countries have learned to make products cheaper and better. Customers today demand products and services personalized or tailored to local needs with embedded quality of life services.

Artificial Inteligence 315

Artificial Inteligence Offshore Merger Technical Review 315

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. The hospitality industry is full of opportunities, but it also has some challenges. Source: Unsplash.

Management 158

Management Software Review Revenue Cost 158

Startup Professionals Musings

MAY 25, 2020

Investors know that the fun of a startup turns into managing production processes, sales processes, and personnel in a few years. 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

TechEmpower

NOVEMBER 13, 2023

An empty textbox, demanding to be filled with a concise, compelling summary to impress potential employers is daunting. That blurb, and the following examples, were all generated from GPT in only a few seconds, at a cost of less than one penny. Are you a founder or CEO or head of product?

Generative AI 295

Generative AI Artificial Inteligence Houston America 295

Steve Blank

NOVEMBER 2, 2021

INTERACTIVE CHART “ Average Cost of Hard Drive Storage per Gigabyte 1980-2014” Human Progress. Products that are sold commercially and to the DoD are called “dual-use.”). The goal is to meet its local chip demand by 2030. Moore’s Law & the Global Semiconductor Industry. Lee Bell, “ What is Moore’s Law? Oppenheimer , Dec.

Technical Review 407

Technical Review Taiwan Technology Artificial Inteligence 407

The Startup Magazine

MARCH 6, 2024

The main reasons are: Ever-evolving Customer Base: From mobile phones to customised gadgets, from televisions to Desktop Computers, the consumer base is getting more diverse and assorted, with different age groups, genders, ethnicities, and races demanding different products and services.

Operations 158

Operations Management Software Review Technical Review 158

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? As United Airlines found out a few years ago, delays in addressing customer or vendor problems can cost you more in a single day than many companies make in a year.

Leadership 301

Leadership Founder Salary Demand 301

YoungUpstarts

AUGUST 31, 2020

In addition, not everyone has the privilege of having a real personal assistant due to high costs. Busy people need help — especially when they are working for a demanding organization where they need to dedicate their time to high-level decision-making rather than tedious tasks. The Future of Virtual Assistants.

Artificial Inteligence 214

Artificial Inteligence Mali Management Technical Review 214

YoungUpstarts

NOVEMBER 2, 2020

Expecting to access a seamless digital experience on demand is more like a value. You’re not aggressively creating products and experiences that take full advantage of the potential of digital. Customers today demand a superior digital experience. REASON 2: You Need to Gain the Efficiencies to Be Cost-Competitive.

Valuation 264

Valuation Technical Review Revenue Operations 264

YoungUpstarts

AUGUST 10, 2020

Businesses must respond to what the market demands. Make sure you integrate video production into your company’s marketing plan. If you manage to get your video production and marketing right, you can dramatically boost your conversion rate. After building trust, you can promote your product or service easily.

Video 246

Video Marketing Social Media Mobile 246

Startup Professionals Musings

MAY 19, 2023

Every startup success is a function of great people, products, and profits. Self-demanding beats boss-demanding every time. Leapfrog products invent and reinvent markets. Incremental product ideas do not change markets. Sometimes their haste or ego causes them to ignore basics, and they fall hard.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229

The Startup Magazine

MAY 30, 2022

So, what can you do to keep prices down while still meeting your client’s demands? Whether your products are big and heavy or small and fragile, you should properly prepare them for shipment. Crumpled paper and bubble wrap are the best options for fragile products. These things don’t cost much. Image Source.

Small Business 164

Small Business Software Review Technical Review Early Stage 164

Startup Professionals Musings

DECEMBER 24, 2018

If you don’t have all these interests and skills, even your most “disruptive” products will likely fail. Every potentially successful product has competition, or an alternative, or customers with no interest in change. Calculate your projected costs, and double the amount. Building and running a business is not a solo operation.

Angel Investor 249

Angel Investor Cofounder Finance Operations 249

YoungUpstarts

JUNE 30, 2020

Product finder . Product tracker. Product trends. Do you want to know how to find top selling products on Amazon? Top Selling Amazon Products and Categories. If we look into this category, some of the top Amazon products include Alexa TV media player which has a rating of 4.5, Their toolset consist from: .

Finder 243

Finder Technical Review Demand Sales 243

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

MAY 3, 2024

Statistically, startups face a 21% likelihood of failure during their initial year , with common challenges including financial difficulties, competitive pressures, and misalignment with market demands. Prioritize modules based on your most immediate business needs to manage costs and complexity. Scalability.

Early Stage 158

Early Stage Technical Review Software Review Operations 158

Startup Professionals Musings

NOVEMBER 4, 2019

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. Build a credible business implementation plan to quantify costs. Make the product or service come alive.

Intellectual Property 235

Intellectual Property Elevator Pitch Harvest Technical Review 235

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 154

Technical Review Artificial Inteligence Management Software Review 154

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. Success demands testing the solution early and quickly in the market, then iterating to get it right.

Startup 245

Startup Angel Investor Technical Review Incubator 245

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Cut costs to stay alive for 24 months. Payroll costs/other variable costs. Automated delivery services – the more people you can take out of the equation, the safer the product. How many months of cash do you have?

South Korea 334

South Korea Salary Business Model China 334

Startup Professionals Musings

JULY 1, 2020

What you don’t expect is to feel out of control , or to always be fighting the many demands for your time. You will never seem to have the time, skills, or resources you need for that key acquisition, global expansion, or new product offering. Cheaper in the beginning can be more costly in the long run.

Entrepreneur 306

Entrepreneur Due Diligence Startup Acquisition 306

Startup Professionals Musings

AUGUST 26, 2022

For an inventor , the product is everything, and managing cash flow in a business may be the least satisfying part. Working for a well-funded existing company, or pursuing your dream as a hobby, may be more satisfying and productive. Temper your passion with feedback on a minimum viable product before committing.

Founder 262

Founder Intellectual Property Social Media Business Plan 262

The Startup Magazine

OCTOBER 24, 2024

Enhancing Customer Experience Creating a great customer experience goes beyond offering high-quality products in the world of retail. Furniture software solutions provide features that elevate the shopping journey by offering personalized suggestions and detailed product information to help customers make well-informed decisions.

Operations 166

Operations Software Forecast Software Improvement 166

YoungUpstarts

OCTOBER 13, 2020

The measures to prevent the spreading of the virus induced a global reduction of the travel demand. In this way, we can reduce the time spent in commuting, reduce the environmental impact of our activity, optimize living costs and improve our work-life balance. It was a surreal situation with over one billion people confined at home.

Technical Review 278

Technical Review United States China Cofounder 278

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