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Why being ahead of the boat in innovation can suck

Why being ahead of the boat in innovation can suck | Entrepreneurship | Scoop.it
The worst place to be in any business or startup is realizing you missed the boat. All of your ideas and subsequent efforts are aligned with a market dynamic that leaves you behind the curve.

There
Craig Stark's insight:
Missing the boat is the usual problem, but what about being ahead of the boat?

Being way too early to market can leave you with very little tangible returns on your efforts.

Strategic partnerships, alliances and IP sharing options can help "way too early stage solutions" become viable business services or products.
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Texas Hold'Em Is A Useful Metaphor for Technology Startups

Texas Hold'Em Is A Useful Metaphor for Technology Startups | Entrepreneurship | Scoop.it
Texas Hold'Em is a useful metaphor for technology startups: pick the right table (competitors) and understand how your cards best combine with common cards.
Craig Stark's insight:
A great model to learn startup strategy from. I'll call it the "Texas Hold'Em Strategy Stack" as laid out brilliantly by Sean Murphy.

Note that collaboration and seeking partners is a key way to manage risks across the stack.

This needs to be mapped out as a "canvas" that agile teams can use to navigate the "tables" of today's business.
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Is Canada falling behind with the Internet of Things?

Is Canada falling behind with the Internet of Things? | Entrepreneurship | Scoop.it
There’s been an enormous amount of hype around the Internet of Things (IoT) and, for applications within the industrial sector, the Industrial Internet of Things (IIoT).
Craig Stark's insight:
It is no surprise that C Suite Executives have no clue about IoT and Platform Disruption. The carriers and vendors are still trying to hire people and develop strategies.

Most of the IoT vendor marketing and roadshow events taking place in Europe and the US aren't happening here.

Canadian based (US) vendors and distribution channels are pure spreadsheet driven push agencies and will wait until demand is generated in a commoditized model to engage.

Yes- I find this frustrating. Yes I am trying to solve for these gaps.
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Startup Professionals Musings: 10 Keys To Transforming Your Dream Into A Business

Startup Professionals Musings: 10 Keys To Transforming Your Dream Into A Business | Entrepreneurship | Scoop.it

It's never been a better time to build a startup but it's always hard to build a business.

Craig Stark's insight:

10 very good guideposts to help you determine if you have the right stuff to build a business from your idea.

 

You may consider other options such as partners, licensing opportunities or approaching other complimentary companies as "co-opitition" strategies.

 

Going it the hard way isn't always the best option!

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Unata CEO Chris Bryson says success means seeing every aspect of business as a product | BetaKit

Unata CEO Chris Bryson says success means seeing every aspect of business as a product | BetaKit | Entrepreneurship | Scoop.it
Unata founder Chris Bryson identified the philosophy that he says contributes to the success of the company: applying a product mentality to everything.
Craig Stark's insight:
Startup Bootstrappers can benefit from "Productization" thinking and methodologies. Looking at each step and detail in building out a startup requires focus on "applied capabilities".

It sounds more difficult when you can't simply hire people to do everything in parallel that is required to deliver a WOW outcome.

Fortunately, there are a lot of resources to help "template" some of the steps along the way, minimizing those expenses bootstrappers can't afford.
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Your Product Is Your Go-to-Market Strategy. Here’s Why. — Expand Upon

Your Product Is Your Go-to-Market Strategy. Here’s Why. — Expand Upon | Entrepreneurship | Scoop.it
Get the product right, and it will sell itself — or your customers will help you sell it.
Craig Stark's insight:
The evolution of selling technology is quite remarkable. I think any product development should involve at least the possibility of a self educating future.

IoT is the current angle to provide for unlocking new methods of extending customer service, product feature scalability, cost management (energy) and even social insights and machine learning.

Our lab will be specializing on this methodology and offering workshops to help companies bake in self selling futures.
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Explaining Early Customers and Early Revenue

Explaining Early Customers and Early Revenue | Entrepreneurship | Scoop.it

We help founders find leads and close deals; our focus is on early customers and early revenue for technology and expertise-enabled products and services.

Craig Stark's insight:
This is a great exercise for founders to do as a team. Be able to clearly and simply breakdown their sales proposition using "the most common English words" vs. jargon and/ or proprietary descriptors.

Try the editor tool and see what you come up with!
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