Berkonomics

NOVEMBER 15, 2012

Most of us are driven by the competitive spirit, the desire or need to win. It provides a short competitive experience with a measurable outcome in which the players know who won and by how much. Create small but meaningful competitions between groups or individuals for which recognition or small rewards are published in advance.

Metrics 176

Metrics Competition Coach Email 176

Startup Professionals Musings

FEBRUARY 1, 2023

In my experience advising businesses, large and small, I have often been surprised by the level of complacency and general malaise I find in the ranks, with a resultant direct loss of productivity and competitiveness. Develop metrics to monitor work intensity. Let that be part of their job satisfaction.

Satisfaction 108

Satisfaction Metrics Competition Examples 108

Startup Professionals Musings

JANUARY 8, 2021

It must be understandable, written down, and verifiable, with regular measurements and metrics to make it real, benchmarked against the competition. Train and coach continuously. Leaders have found that keeping everyone on top of changes in technology, competition, and customer demands is critical to success.

Startup 154

Startup Training Customer Custom 154

Startup Professionals Musings

JULY 4, 2021

The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. Waste in a startup is any activity that burns resources, but creates no value or competitive advantage in the eyes of customers. In the startup world, this is often seen as a lack of focus.

Startup 161

Startup Resource Training Entrepreneur 161

Both Sides of the Table

DECEMBER 11, 2022

And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. It was a way to make it hard for your competition to compete. We wanted new things to exist and to solve new problems and to see our creations come to life.

Venture Capital 466

Venture Capital Startup Marketing Pricing 466

Startup Professionals Musings

JUNE 18, 2023

Any startup coach or business advisor will tell you that, on your way to being a great chef, you don't start your journey by inventing the ultimate entre. Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow. Don’t stand still.

Startup 112

Startup Coach Metrics Marketing 112

Startup Professionals Musings

AUGUST 18, 2018

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Training and coaching. Ownership. Accountability.

Entrepreneur 64

Entrepreneur Coach Metrics Competition 64

Startup Professionals Musings

AUGUST 12, 2015

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the key to long-term value and a sustainable competitive advantage. Training and coaching. Ownership. Accountability.

Entrepreneur 101

Entrepreneur Startup Coach Metrics 101

Startup Professionals Musings

SEPTEMBER 21, 2020

Any startup coach or business advisor will tell you that, on your way to being a great chef, you don't start your journey by inventing the ultimate entre. Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow. Don’t stand still.

Startup 156

Startup Coach Metrics Marketing 156

Startup Professionals Musings

JUNE 28, 2019

These things are clearly good for morale, but its not so clear that they translate into a competitive advantage. These authors present 20+ years of research, including case studies and metrics, showing how culture really makes or breaks your business. Ongoing culture steps require tuning of measurements.

Competition 76

Competition Coach Case Study Statistics 76

Startup Professionals Musings

DECEMBER 22, 2021

First, you as the leader must be a role model for the actions you desire – including positive communication, active coaching, rewards for results, as well as providing required tools and training. Use metrics to assess needs and growth economics. Inspire your teams with love and affirmation.

Custom 114

Custom Customer Satisfaction Metrics 114

Startup Professionals Musings

AUGUST 14, 2016

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Training and coaching. Ownership. Accountability.

Coach 64

Coach Metrics Competition Ideas 64

Startup Professionals Musings

MARCH 2, 2020

Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. Create a written plan, with target milestones and metrics. I have tried to convince him the general idea alone does not make a business. His challenge is to focus on one market, with a specific design, cost, and price.

Ideas 126

Ideas Writing Examples Outsource 126

Startup Professionals Musings

OCTOBER 11, 2019

Define metrics to measure what you want to achieve. Show humility while acting as a mentor and coach. Thus it is incumbent on new entrepreneurs and leaders to start early practicing the principles outlined here, to build a trusting culture and a powerful competitive advantage.

Mentor 98

Mentor News Summary Coach 98

Startup Professionals Musings

JANUARY 25, 2016

It must be written down, with measurable team objectives, validated by metrics and compared against competition. Provide coaching and mentoring as well as training. Maybe you still remember the days when competitive advantage was all about economies of scale, advertising power and service versus price.

Custom 55

Custom Customer Startup Coach 55

Startup Professionals Musings

MAY 23, 2012

Training and coaching. Ongoing coaching from the top is essential to maintain the attitude and spirit. Once a new product is launched, a key metric is the ratio of new product sales to overall sales. Sustainable innovation is really the only sustainable competitive advantage. Idea management. Net result and reward.

Coach 98

Coach Ideas IP Sales 98

Startup Professionals Musings

DECEMBER 8, 2018

Any startup coach or business advisor will tell you that, on your way to being a great chef, you don't start your journey by inventing the ultimate entre. Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow. Don’t stand still.

Startup 81

Startup Coach Metrics Marketing 81

Startup Professionals Musings

JULY 13, 2015

The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. Waste in a startup is any activity that spends resources, but creates no value or competitive advantage in the eyes of customers. In the startup world, this is often seen as a lack of focus.

Resource 105

Resource Startup Entrepreneur Training 105

Startup Professionals Musings

MAY 30, 2014

The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. Waste in a startup is any activity that absorbs resources, but creates no value or competitive advantage in the eyes of customers. In the startup world, this is often seen as a lack of focus.

Entrepreneur 115

Entrepreneur Resource Training Product 115

Startup Professionals Musings

NOVEMBER 4, 2016

Any startup coach or business advisor will tell you that, on your way to being a great chef, you don't start your journey by inventing the ultimate entre. Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow. Don’t stand still.

Entrepreneur 93

Entrepreneur Startup Coach Metrics 93

Startup Professionals Musings

MARCH 9, 2011

Training and coaching. Ongoing coaching from the top is essential to maintain the attitude and spirit. Once a new product is launched, a key metric is the ratio of new product sales to overall sales. Sustainable innovation is really the only sustainable competitive advantage. Idea management. Net result and reward.

Coach 93

Coach Ideas IP Sales 93

Startup Professionals Musings

DECEMBER 12, 2016

Provide the mentor with your relevant business metrics and data, if possible, before each meeting, to allow them to do prior homework as required. Most mentors don’t have the time to be your business coach to help you with generic skills. Don’t let your ego or time management abilities rob you of this valuable competitive advantage.

Mentor 95

Mentor Coach Metrics Entrepreneur 95

Startup Professionals Musings

JANUARY 8, 2018

The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. Waste in a startup is any activity that spends resources, but creates no value or competitive advantage in the eyes of customers. In the startup world, this is often seen as a lack of focus.

Resource 52

Resource Training Entrepreneur Activity 52

Startup Professionals Musings

JUNE 21, 2013

It must be understandable, written down, and verifiable, with regular measurements and metrics to make it real, benchmarked against the competition. Train and coach continuously. Leaders have found that keeping everyone on top of changes in technology, competition, and customer demands is critical to success.

Customer 92

Customer Custom Startup Services 92

Both Sides of the Table

JULY 19, 2015

Every $10 million financing only puts more pressure on the founders to figure out how to hit the metrics to get to the next milestone and every company that raises $25 million puts a ton of pressure on their 10 competitors who haven’t. Advisors / Coaches / Mentors. Every founder knows this. Startups are All Naked in the Mirror.

Press 150

Press Venture Capital Startup Entrepreneur 150

Startup Professionals Musings

FEBRUARY 24, 2017

Yet, according to statistics from the Small Business Association (SBA), over half of new businesses offer something else - personal professional services, including consulting, business coaching, and advisory services. The challenges for making money and survival in these professional services worlds are different, maybe even tougher.

Social Media 56

Social Media Pricing Technical Review Demand 56

Startup Professionals Musings

MARCH 15, 2010

Training and coaching. Ongoing coaching from the top is essential to maintain the attitude and spirit. Once a new product is launched, a key metric is the ratio of new product sales to overall sales. Sustainable innovation is really the only sustainable competitive advantage. Idea management. Net result and reward.

Coach 49

Coach Ideas IP Sales 49

Both Sides of the Table

MAY 27, 2013

In Rob’s spare time he always seems to be going to a boxing class or some other competitive, physical activity. When we recommended that Rob get a CEO coach he not only embraced it but craved it and thanked us for suggesting it. After all, you don’t ask, you don’t get. It’s a good metaphor for his board style.

Tips 365

Tips Email Venture Capital CTO Coach 365