Startup Professionals Musings

MARCH 28, 2012

A while back, I wrote about the value of Michael Porter’s Five Forces framework for analyzing the competitive environment, and using every opportunity to highlight and emphasize your relative advantages, whether they be price, features, or bargaining power. Exceed customer expectations. Continuous customer service innovation.

Customer 104

Customer Custom Startup Organization 104

Startup Professionals Musings

JULY 14, 2023

Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. Every existing business, as well as every startup, needs to reassess their product or service in the context of these five forces: Intensity of competitive rivalry. Bargaining power of customers.

Competition 88

Competition Startup Framework Pricing 88

Berkonomics

JULY 9, 2011

Turning these into statements instead of questions provides a framework for the sales presentation from the highest levels of collateral materials and marketing support, to the salesperson on the front line. Is your product or service one that responds to a customer need, real or perceived? Why buy it?”.

Sales 222

Sales Customer Custom Pricing 222

Berkonomics

JULY 26, 2018

Turning these into statements instead of questions provides a framework for the sales presentation from the highest levels of collateral materials and marketing support, to the salesperson on the front line. Is your product or service one that responds to a customer need, real or perceived? Why buy it?”. Why buy MINE? .

Sales 226

Sales Customer Custom Pricing 226

Both Sides of the Table

JANUARY 12, 2014

It’s building a product that is substantially differentiated, and, as Bill Gross, one of the most prolific tech entrepreneurs of our era says, “ It needs to be 10x better than the competition ” (because if you shoot for that then in competitive markets you might achieve 3x.

Marketing 379

Marketing Startup SEM SEO 379

SoCal Tech Calendar

OCTOBER 31, 2008

Today's technology companies increasingly must deliver products on multiple platforms to satisfy customer demand and competitive pressures. The need to provide "platform de jour" is complicated by a slowing economy and customer desires to maximize their purchasing dollar and to delay payments. See [link] (more).

Pricing 100

Pricing Technology Council Framework Platform 100

Berkonomics

DECEMBER 29, 2022

Authors Jeanne Liedtka and Tim Oglivie have created a framework for creation of a new product or service – one worth spending at least a cycle of time for review. What if we could do it better, do it in a new way, do it to attract new customers, do it to distance ourselves form the competition? Here is how to test yourself.

Design 156

Design Framework Ideas Customer 156

Startup Professionals Musings

NOVEMBER 28, 2020

Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever. Investors and partners now look only for a framework of your business essentials, within the context of your opportunity, solution, and financials.

Tips 161

Tips Startup Social Media News 161

Startup Professionals Musings

MAY 24, 2013

Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. Every existing business, as well as every startup, needs to reassess their product or service in the context of these five forces: Intensity of competitive rivalry. Bargaining power of customers.

Startup 80

Startup Framework Competition Pricing 80

Startup Professionals Musings

APRIL 7, 2021

Every entrepreneur’s first priority should be the alignment of interests across the range of constituents required for success – partners, investors, customers, vendors, and employees. If you have had to pivot from the consumer market to enterprise customers, that requires new pricing models and new sales channels.

Social Media 143

Social Media Startup Framework Course 143

Berkonomics

DECEMBER 15, 2016

Authors Jeanne Liedtka and Tim Oglivie have created a framework for creation of a new product or service – one worth spending at least a cycle of time for review. What if we could do it better, do it in a new way, do it to attract new customers, do it to distance ourselves form the competition? What wows?

Design 120

Design Framework Ideas Customer 120

Startup Professionals Musings

MAY 23, 2021

Others are really marketers out to make money fast, and believe that they can entice customers to any offering. His framework seems to be picking up some traction, and is already in use informally by several entrepreneurship platforms, universities, and even high school programs. External forces (competitors and customers).

Entrepreneur 134

Entrepreneur Framework Mentor Web 134

Startup Professionals Musings

SEPTEMBER 8, 2010

One of the key sections of any business plan is the analysis of the competition. Investors take that to mean either 1) there is no market for your product, or 2) you don’t understand the concept of business and competition. It will certainly also decrease profitability over time, as well as test your sustainable competitive advantage.

Startup 86

Startup Competition Pricing Framework 86

Startup Professionals Musings

JUNE 28, 2023

I share her view of the ten key elements of the basic framework and vocabulary of open information sharing and open decision making: Explaining: creating buy-in. Employees can share best practices with customers on social network platforms and customers can help each other. Conversing: engaging in a dialogue with others.

Social Media 112

Social Media Media Software Review Social Network 112

Startup Professionals Musings

MAY 11, 2022

The hard part is providing the leadership required to align and motivate all the constituents and players – from engineers, to investors, vendors, and ultimately customers. Existing business frameworks are the recipes, and great entrepreneurs creatively use new tools and strategies to hone these frameworks, just like a master chef.

Coach 114

Coach Framework Entrepreneur Tool 114

Startup Professionals Musings

MAY 19, 2013

I support her ten elements of the basic framework and vocabulary of open information sharing and open decision making: Explaining: creating buy-in. Employees can share best practices with customers on social network platforms and customers can help each other. These have the added benefit of being searchable and discoverable.

Social Media 102

Social Media Entrepreneur Software Review Social Network 102

Startup Professionals Musings

SEPTEMBER 16, 2023

Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever. Investors and partners now look only for a framework of your business essentials, within the context of your opportunity, solution, and financials. Marty Zwilling

Entrepreneur 104

Entrepreneur Startup Social Media News 104

Startup Professionals Musings

JANUARY 3, 2015

The hard part is providing the leadership required to align and motivate all the constituents and players – from engineers, to investors, vendors, and ultimately customers. Existing business frameworks are the recipes, and great entrepreneurs creatively use new tools and strategies to hone these frameworks, just like a master chef.

Product 103

Product Coach Framework Entrepreneur 103

Both Sides of the Table

MAY 3, 2015

The rest of our partners, principles, associates and EIRs can weigh in with commentary on their views of the quality of the entrepreneur, the market, the product, competition and so forth. Then they need to take all the input they received, mix it up, apply a framework for how the information affects your decision and decide.

Startup 150

Startup Venture Capital Invest Framework 150

Startup Professionals Musings

AUGUST 23, 2013

The hard part is providing the leadership required to align and motivate all the constituents and players – from engineers, to investors, vendors, and ultimately customers. Existing business frameworks are the recipes, and great entrepreneurs creatively use new tools and strategies to hone these frameworks, just like a master chef.

Entrepreneur 101

Entrepreneur Coach Framework Tool 101

Startup Professionals Musings

APRIL 17, 2012

She outlines her ten elements of the basic framework and vocabulary of open information sharing and open decision making: Explaining: creating buy-in. Employees can share best practices with customers on social network platforms and customers can help each other. These have the added benefit of being searchable and discoverable.

Entrepreneur 97

Entrepreneur Social Network Software Review Social Media 97

Startup Professionals Musings

APRIL 24, 2022

Every startup needs a sustainable competitive advantage. With no competitive advantage, startups with new ideas gaining traction are never feared, and are usually eaten for lunch as sleeping giants wake up. The jungle framework is a great one to set the right perspective. If you want to be feared.

Startup 112

Startup News Framework Outsource 112

Startup Professionals Musings

AUGUST 17, 2019

The hard part is providing the leadership required to align and motivate all the constituents and players – from engineers, to investors, vendors, and ultimately customers. Existing business frameworks are the recipes, and great entrepreneurs creatively use new tools and strategies to hone these frameworks, just like a master chef.

Coach 96

Coach Framework Entrepreneur Tool 96

Startup Professionals Musings

AUGUST 18, 2013

The first thing that entrepreneurs need to realize is that the process and framework for making social media marketing work are different from traditional marketing, and trial and error certainly doesn’t work. This can be customer acquisition cost, revenue growth, profit, or whatever other parameters are key to your success.

Social Media 102

Social Media Media Product Metrics 102

Startup Professionals Musings

JUNE 5, 2013

The opportunity for change is huge, with everyone taking a new look at the world after the recession, but the competition is also huge, since the cost of entry is at an all-time low. Every startup needs a sustainable competitive advantage. The jungle framework is a great one to set the right perspective.

Startup 99

Startup Competition News Framework 99

Startup Professionals Musings

JULY 24, 2012

Every entrepreneur’s first priority should be the alignment of interests across the range of constituents required for success – partners, investors, customers, vendors, and employees. If you have had to pivot from the consumer market to enterprise customers, that requires new pricing models and new sales channels.

Entrepreneur 93

Entrepreneur Social Media Startup Framework 93

Startup Professionals Musings

DECEMBER 22, 2018

I share her view of the ten key elements of the basic framework and vocabulary of open information sharing and open decision making: Explaining: creating buy-in. Employees can share best practices with customers on social network platforms and customers can help each other. Conversing: engaging in a dialogue with others.

Software Review 92

Software Review Social Media Social Network Technical Review 92

Startup Professionals Musings

SEPTEMBER 9, 2013

In his book, “ Out-Executing the Competition ,” seasoned executive Irv Rothman provides tips to corporate executives on how to dig in and “get their fingernails dirty.” Team members and customers expect startup founders to be innovative. Clean hands won’t out-execute the competition for long in any business. Marty Zwilling.

Startup 103

Startup Entrepreneur Template Mentor 103

Startup Professionals Musings

NOVEMBER 23, 2016

I share her view of the ten key elements of the basic framework and vocabulary of open information sharing and open decision making: Explaining: creating buy-in. Employees can share best practices with customers on social network platforms and customers can help each other. Conversing: engaging in a dialogue with others.

Software Review 90

Software Review Social Media Social Network Technical Review 90

Startup Professionals Musings

OCTOBER 8, 2010

She outlines her ten elements of the basic framework and vocabulary of open information sharing and open decision making: Explaining: creating buy-in. Employees can share best practices with customers on social network platforms and customers can help each other. These have the added benefit of being searchable and discoverable.

Social Media 89

Social Media Startup Software Review Social Network 89

Startup Professionals Musings

NOVEMBER 16, 2014

Every startup needs a sustainable competitive advantage. With no competitive advantage, startups with new ideas gaining traction are never feared, and are usually eaten for lunch as sleeping giants wake up. The jungle framework is a great one to set the right perspective. If you want to be feared.

Entrepreneur 105

Entrepreneur Startup News Framework 105

Startup Professionals Musings

AUGUST 20, 2022

“Design thinking” is a methodology used to solve complex challenges, such as the ones faced by every business in today’s rapidly changing and highly competitive environment. A design mindset is not product-focused - it’s solution focused and action oriented towards creating better customer experiences and value.

Design 106

Design Coach Ideas Organization 106

Startup Professionals Musings

AUGUST 21, 2013

Every entrepreneur’s first priority should be the alignment of interests across the range of constituents required for success – partners, investors, customers, vendors, and employees. If you have had to pivot from the consumer market to enterprise customers, that requires new pricing models and new sales channels.

Startup 94

Startup Social Media Entrepreneur Framework 94

Startup Professionals Musings

JULY 27, 2012

The first thing that entrepreneurs need to realize is that the process and framework for making social media marketing work are different from traditional marketing, and trial and error certainly doesn’t work. This can be customer acquisition cost, revenue growth, profit, or whatever other parameters are key to your success.

Social Media 91

Social Media Media Metrics SEO 91

Startup Professionals Musings

AUGUST 5, 2012

In his new book, “ Out-Executing the Competition ,” seasoned executive Irv Rothman provides tips to corporate executives on how to dig in and “get their fingernails dirty.” Team members and customers expect startup founders to be innovative. Clean hands won’t out-execute the competition for long in any business.

Entrepreneur 94

Entrepreneur Startup Template Mentor 94

Startup Professionals Musings

APRIL 3, 2019

The first thing that entrepreneurs need to realize is that the process and framework for making social media marketing work are different from traditional marketing, and trial and error certainly doesn’t work. This can be customer acquisition cost, revenue growth, profit, or whatever other parameters are key to your success.

Social Media 96

Social Media Media Marketing Metrics 96

Startup Professionals Musings

NOVEMBER 13, 2019

“Design thinking” is a methodology used to solve complex challenges, such as the ones faced by every business in today’s rapidly changing and highly competitive environment. A design mindset is not product-focused - it’s solution focused and action oriented towards creating better customer experiences and value.

Design 97

Design Coach Ideas Organization 97