Category Archives: Finding your ideal niche
Fail fast!
Professional investors want to live by this rule. With the first round of funding, there should be milestones to be achieved. If they are not achieved within the expected time, the reasons must be analyzed and acted upon to avoid … Continue reading
Entrepreneurs: Do it your way.
Yes, this is a takeoff from Frank Sinatra’s song, where he did it his way and got away with it. You’re building a company from your vision and a passion, and lots of people are going to tell you that … Continue reading
Is success a goal or a byproduct?
Look this up sometime in your browser: “Success is a byproduct, not a goal.” You will find it attributed to tens of originators. I first heard this in an episode of Friday Night Lights, when sage Coach Taylor began … Continue reading
The trend is your friend.
Too many startup businesses, especially in the technology world, are built upon brand new concepts that have not yet been proven in the field with products from other companies that have revenues flowing. As a rule, creating a product that … Continue reading
Find your rock in Ensenada. An encore.
This week, for the first time, we republish an earlier post. With readership up three-fold since that posting in April, 2011, and with many great reader comments then, it is only natural to send you to the original post with … Continue reading
Faster is sometimes more valuable than better.
And doing both well usually wins the day. This is one of those arguable insights, where both sides win. Dell is a great example of emphasis upon fast, creating a customized computer in 48 hours or less, bringing in assemblies … Continue reading
Cast your net where the big fish swim.
This is one of those “My dad used to say” homilies. You’ve probably heard the accompanying “It takes just as much effort to sell a small deal as a big one” over the years. The truth of this is more … Continue reading
Find your “teacher-customer.”
Your customers know what they want more than you do. Find one to teach you. This insight came from personal experience and from a good friend who advanced the notion of the “teacher-customer” years ago. I internalized this phrase, … Continue reading
Everything changes from concept to release! (And another story…)
You can take “everything changes” as a rule, not an exception. You’ll recognize the truism, “No battle plan ever survives contact with the enemy” first stated by German Field Marshall von Moltke in the 19th century. This variant of … Continue reading
New idea or product? Don’t rest until you test!
So you have a great new product or service that you and your associates love. Early adopters should climb all over each other for a look. But what have you done to test the concept against the realities of … Continue reading