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10 Popular Business Strategies That Most Often Fail

Startup Professionals Musings

Viral marketing costs real money, and your support staff and hosting systems cost even more. Bypasses intellectual property as not worth the cost. The discipline of writing down your plan is the best way to make sure you understand how to transform your idea into a business, and how to communicate it.

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6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

Intellectual property is required for a competitive edge. That first burst of customers via word-of-mouth or a viral video won’t sustain your growth. Unless you have a proven track record from a prior career, or experience leading teams in some other context, you can expect stumbles and a long learning curve to lead a team.

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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

Don’t let your passion convince you that word-of-mouth and viral marketing will suffice against well-funded competitors and ever more demanding customers. Scale your funding requests to the value of your startup today, consisting of assets, contracts, and intellectual property you currently own.

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10 Common Startup Mistakes That Are Rarely Admitted

Startup Professionals Musings

Viral marketing costs real money, and your support staff and hosting systems cost even more. Bypasses intellectual property as not worth the cost. The discipline of writing down your plan is the best way to make sure you understand how to transform your idea into a business, and how to communicate it.

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10 College Business Incubators We’re Most Excited About

YoungUpstarts

Boston University’s business incubator has produced numerous success stories, including HemaQuest Pharmaceuticals with two drugs in Stage 2 clinical development to treat blood disorders and viral-related cancers, as well as Modular Genetics, a biotechnology company focused on sustainable gene engineering. Syracuse Student Sandbox.

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10 Startup Mistakes You Can't Afford To Make Again

Startup Professionals Musings

Dismiss the need to register any intellectual property. A startup with happy and highly motivated employees will provide a better customer experience resulting in viral customer growth. Forecasts that exceed 10 percent of a large opportunity in the first five years rarely happen and will likely disappoint you and your investors.

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Join The Unicorn Club Of Billion-Dollar Companies

Startup Professionals Musings

If you don’t yet have a hundred investors knocking on your door, it’s time to put more focus on viral marketing, closing customers, and exponential growth. Strong intellectual property and defensibility. Patents and other intellectual property are a necessary initial “barrier to entry,” but these are just the beginning.