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6 Key Rules To Stay Competitive In The Digital World

Startup Professionals Musings

In case you hadn’t noticed, the key elements of a competitive advantage for your business have changed as businesses move online, and your domain is instantly global. As a business advisor, I have to recommend even to established companies that they review and revamp their competitive strategy now, even if it appears to be working today.

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8 Key Startup Drivers Bring Pleasure As Well As Sweat

Startup Professionals Musings

Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweat equity or just sweat. Love that sustainable competitive advantage. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible. Bask in the success as it happens.

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Maintain Your Startup Motivation While Working Harder

Startup Professionals Musings

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. This is the confirmation that your product or service fills a real need in the marketplace.

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Balance Your Focus Between Passion And Perspiration

Startup Professionals Musings

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. This is the confirmation that your product or service fills a real need in the marketplace.

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7 Plan Elements That Separate Businesses From Hobbies

Startup Professionals Musings

For example, “I just patented a new cell-phone technology that will double battery life for half the cost. Opportunity segmentation and competitive environment. List key competitors and alternatives, highlighting your sustainable competitive advantages, such as patents and trademarks.

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Inspiration Without Perspiration is a Dull Startup

Startup Professionals Musings

Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweat equity or just sweat. Love that sustainable competitive advantage. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible. Bask in the success as it happens.

Startup 100
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10 Answers That Make Your Startup Plan Investable

Startup Professionals Musings

Investors are looking for a concise description of your product or service without technical jargon or fuzzy marketing terms with value quantified in customer terms. This is also the place to first mention patents and any other differentiators that put you ahead of competition. Who are your competitors, and how do you win?

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