Remove Competition Remove Customer Remove Sample
article thumbnail

5 Ways To Sample The Joy Of An Entrepreneur Lifestyle

Startup Professionals Musings

Here are a few of my favorites sampling techniques that I have seen work out well over the years: Take a job for a while with an early-stage startup. Contrary to popular opinion, most new ideas don’t come from flashes of genius , but from industry research and existing customer feedback.

Sample 126
article thumbnail

7 Business Experimentation Myths That Are Outdated

Startup Professionals Musings

The result is that you often take a big financial hit, and lose key customers, before you realize that the change didn’t work. For example, several years ago Apple was so convinced that their new Apple III model would be a winner that they rolled it out broadly, rather than do a controlled release first with some key customers.

Sample 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

8 Errors To Avoid In Your First Minute With Investors

Startup Professionals Musings

As an aspiring entrepreneur, one of the most important things you need is a memorable “ elevator pitch ,” to communicate your startup value proposition and leave a great first impression on friends, investors, employees, and future customers. Describe technology and features, not competitiveness.

Sample 127
article thumbnail

8 Lessons For Entrepreneurs On Pitching To Investors

Startup Professionals Musings

Skip the background story and customer pitch, which every investor has heard all too often. Investors want to hear a quantified problem, a simple solution description, opportunity size, competition, traction, team qualifications, how much money you need, and what equity you are willing to give.

article thumbnail

Using Technology to Realize a Competitive Advantage

Tech Zulu Event

Computers and the Internet have now brought in a new era that relies on data to make profitable business decisions in the competitive environment. Below is a full explanation of how small businesses can leverage technology to earn a competitive advantage in the marketplace. Cloud Services. Social Media Automation Tools. CRM Platforms.

article thumbnail

7 New Venture Strategies Improve The Odds Of Survival

Startup Professionals Musings

Every investor has his own list, usually based on his own very small sample, or simply his gut feeling. Offer customized products or services. It’s the plan building process that provides the value, and gives you real insight into your market, your customers, and the competition.

Startup 170
article thumbnail

5 Steps To Finding The Best Investor For Your Startup

Startup Professionals Musings

Investor due diligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. A sample of three views is adequate. If your investor is unknown, or peers offer no positive attributes, take it as a red flag.