advices for startups
TRANSCRIPT
1
START-UPS
Basic and not to be underestimated advices
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AGENDA
Direction when building and running Lacks and Redundancies Should-avoid path
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Direction
Vision and mission Market opportunities Understanding the market Red ocean or Blue ocean Customer focus Operation & Financial Management Market always changes
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MAJOR CRITERIAfor a sustainable business
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A single product, service vs. A business
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Management: Talented individual >< Teamwork
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Target market: RED OCEAN
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Target market: BLUE OCEAN
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Customer Focus
Is she or he my customer?
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Operation and financial management
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Market always changes
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LACKS AND REDUNDANCIES
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LACK OF VISION STATEMENT
This statement sets the tone not only for your business plan, but also for your company and acts as a guiding principle for company actions.
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LACK OF MARKET OPPORTUNITIES
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NOT UNDERSTANDING THE MARKET
!!!
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LACK OF A TEAM WITH COMPLEMENTARY COMPETENCES
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LACK OF ABILITY TO EXECUTE
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REDUNDANCIES
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REDUNDANCY IN ENERGY
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NEW CHANCES TO TAKE
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REDUNDANCY IN IDEAS
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BUT GIVEN THE REDUNDANCIES
REDUNDANCIES BECOME LACKS
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IDEAS VERSUS EXECUTION
Bad ideas: FREE OF CHARGE Good ideas: 3$ A DOZEN
PLANNED SMALLCost / Competitors
PLANNED BIGRevenue / Market size
ACTUAL BIGCost / Competitors
ACTUAL SMALLRevenue / Market size
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DANGEROUS THOUGHTS
An excellent individual can replace A good team. A big part in a small pie more valuable than a small part
of a big pie. They make it a success so can I. If none has been successful than the chance is mine. I am only a small amount of money away from success. Keep company information secret, even with your
investor. Don’t listen to your clients/customers
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THANK YOU AND WISH YOU SUCCESSES