1500 - 1001

Tips 1500 to 1000 for Innovators and Entrepreneurs ...

1500) The most successful entrepreneurs don't chase after money ... they find their passion and follow it and let the money come to them.

1499) Tell me, I forget; show me, I remember.

1498) Creativity varies inversely with the number of cooks in the kitchen.

1497) Key question for our venture: How big is our market opportunity?

1496) A leader is a facilitator, not an order giver. [Thank you, John Naisbitt]

1495) Real eyes realize real lies.

1494) Observation and insight, do it and have it.

1493) Capture the thought, let it rest, come back later, then give it a test. (Don't edit the quality of an idea when we first think of it. -Jim)

1492) It's a whole new world out there, what are we going to do with it? [Thank you, Chris Columbus]

1491) F-Funding: new venture funding that comes from the founders, family, friends, fanatics, and fools.

1490) Praise every improvement, even the small ones.

1489) Entrepreneurship is a process that must be practiced in order for us to become better and better ... the more we practice, the better we become. [Thank you, Heidi M Neck]

1488) Obstacles make the goal clearer.

1487) Time becomes more precious the less we have.

1486) With the power of thought comes the ability to think.

1485) Key question for our venture: Does a new name we're thinking about coordinate with the other names already used in our venture?

1484) Want nothing, waist nothing. (A good way to stay slim and trim! -Jim)

1483) Minister quickly ... forgive forgivable sins, move on.

1482) 80% of the value we receive comes from 20% of our activities.

1481) Customer needs, wants, and desires change ... and often change often, often sporadically, often randomly, and often when it's least convenient for us!

1480) Innovation is the primary driver of everything that goes on in business.

1479) Getting to know anyone takes time.

1478) Eat well-balanced meals.

1477) Put easy-to-understand information first, complicated material second. [Thank you, Randy Accetta]

1476) Business plan competitions: Beware, the "prize money" may have strong strings.

1475) Don't tell "the big lie". [Thank you, Elizabeth Holmes]

1474) The more we say, the less people remember. [Thank you, François Fénelon]

1473) Common Mistake: underestimating costs ... common, common mistake.

1472) Lost time is never found. [Thank you, Benjamin Franklin]

1471) Innovation never happens as planned. [Thank you, Gifford Pinchot III]

1470) Capital Structure: how a company is financed.

1469) Most angel investors are actually informal investors ... not high-profile sophisticated investors who mandate fancy presentations, well-coiffed business plans, and attractive 10X+ returns.

1468) Individuals are creative, not corporations. [Thank you, John Goulding]

1467) We may know their name but we may not know their story.

1466) Be careful of disclosing proprietary and trade secret information to less-than-reputable people even if they've signed a non-disclosure agreement.

1465) Skilled innovators and entrepreneurs have supra-rational creative abilities.

1464) SEO: abbreviation for Search Engine Optimization.

1463) Successful innovators and entrepreneurs are honest with themselves and others. [Thank you, Patricia G Greene]

1462) Our message is complete when all relevant information is included in an understandable manner, and there is a clear "call to action".

1461) Strike out words that aren't needed.

1460) Common cause of venture death: lack of time. (Time is our most valuable asset ... once it's gone, it's gone. -Jim)

1459) Bureaucracy always wins over creativity and innovation.

1458) Exercise: List 10 well-established organizations that could have a vested interest in the success of our venture.

1457) We are all part of a larger world.

1456) Do it now. No? Why not? Perish procrastination!

1455) A little revolution in printing technology made mass-market reading possible ... what's our little revolution? [Thank you, Johannes Gutenberg]

1454) Michigan or Ohio State ... what should we focus on today? (If you can't decide, may I respectfully suggest Wisconsin?! Go Badgers! -Jim)

1453) If the customer thinks she’s right, she’s right. [Thank you, Tom Peters]

1452) Keep facing change. Look it in the eye. Don't blink.

1451) Make a marketing brochure for our new product idea. Show it to prospective customers. If they want to order one on the spot, we're on the right track!

1450) Yes, we can! [Thank you, Barack Obama] (So, let's get up and go! -Jim)

1449) Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow ... flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency. [Thank you, Ben Bernanke]

1448) Drink at least eight glasses of water a day. (You could try substituting wine some time and will shoomw swart to splur yerr werdies. -Jim)

1447) If we look confident, we can pull off anything ... even if we have no clue what we're doing. [Thank you, Jessica Alba]

1446) Skilled innovators and entrepreneurs are good leaders.

1445) Nothing comes easy ... Nothing is given to us. Whatever we do, we've got to work for it and earn it. Whatever reward we get we've got to know that we've had our input into that success. There's no substitute for hard work. And if we want to be well known or well liked, we have to put ourselves out for people. [Thank you, Jack Charlton]

1444) Life cycle of a venture, a product, a service: i] introduction, ii] growth, iii] maturity, iv] decline

1443) Suppose we promote our venture with bus bench/shelter signs?

1442) No pain, no gain. [Thank you, Benjamin Franklin]

1441) Whatever people think, is. [Thank you, Otis Singletary]

1440) Key question for our venture: What more can we do?

1439) How can we answer this question: How will our venture create and deliver value for our customers?

1438) Go where the prospects are and the prospectors aren’t.

1437) A person might be able to play without being creative, but sure can't be creative without playing.

1436) Not all science is real.

1435) Time cures all, almost, usually.

1434) We want to get what we pay for ... do our customers get what they pay for?

1433) Changes will come, but other changes will come after, wiping out each layer of change, like waves on a beach erasing the ripples in sand cast upon it by the previous wave. [Thank you, John C Wright]

1432) When things go wrong, it’s time to shine: go out of our way to make it right by our customers. Often, it will become a more memorable positive experience.

1431) Walk the customer walk, talk the customer talk ... what do we see? ... what do we hear?

1430) A web site does not equal an internet marketing strategy. [Thank you, Ian Lurie]

1429) The illiterate are not just those who cannot read and write, but those who cannot learn, unlearn, and relearn. [Thank you, Alvin Toffler]

1428) Put one dumb foot in front of the other and course-correct as we go. [Thank you, Barry Diller]

1427) Hard-boiled eggs will spin, raw eggs will wobble ... that's kind of like ventures: the good ones have a spin, the not-so-good-ones wobble around.

1426) Invest in ourselves.

1425) Illusions can be more gratifying than reality ... like the billboard picture of the hamburger compared to what we really get.

1424) We can learn a lot by looking. [Thank you, Yogi Berra]

1423) Key question for our venture: How are we better than them?

1422) Sometimes we have to say "no" ... let's make sure it's for the right reasons.

1421) Key question for our venture: How can we define our marketing plan?

1420) Intuitive or Formulaic ... what should we focus on today?

1419) Knowledge grows like a tree: slowly and on fertile ground. [Thank you, Barbara Ann Kipfer]

1418) Key question for our venture: What are the major benefits of our industry?

1417) How to retain customers: loyalty and rewards programs.

1416) Concise: brief but comprehensive.

1415) Compare, Contrast, Classify, Dissect, Analyze, Categorize, Take Apart, Sequence, Group

1414) Have a good memory for details. [Thank you, Steve Harsy]

1413) If you have an apple and I have an apple and we exchange these apples, then you and I will still each have one apple ... but if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas. [Thank you, G B Shaw]

1412) The Balanced Scorecard describes the theory of our strategy ... if we do A, B will happen ... we should always ask the question, if I am doing A, is B happening?. [Thank you, David Norton]

1411) Mobilize our creative resources and put them to work.

1410) Simplicity is powerful. [Thank you, Google]

1409) We won't know all the answers to all the questions, but we don't have to ... if we have the right answers to the right questions.

1408) If we wouldn't want to see it on the front page of the morning newspaper, don't put it in an email. [Thank you, Erika Morphy]

1407) People usually do like to learn ... but they don't often like to be taught. [Thank you, Winston Churchill]

1406) Key question for our venture: What future equity or debt financing will be necessary?.

1405) Every great dream begins with a dreamer. (Thank you, Harriet Tubman)

1404) Know our strengths and weaknesses ... build on the strengths, mitigate the weaknesses.

1403) Maintain a work environment that is challenging, rewarding, and fun.

1402) How to kill creativity, just say: "That's not how we do things around here ..."

1401) If we don't know where we are going, we will probably end up somewhere else. [Thank you, Casey Stengel]

1400) What makes you unafraid of failure? [Thank you, Frederic Premji]

1399) Make the commitment to make this venture a success.

1398) Why us? Why now? ... Why are we the team to make this venture happen? Why is now the time to do this venture?

1397) Ideas are like children ... our own are always wonderful, the others are little brats! [Thank you, Michael Harris]

1396) Procrastination is the thief of time.

1395) A tried and true tradition can prevent a little sedition!

1394) Rule: principles governing conduct.

1393) Sit or Stand ... what should we focus on today?

1392) Chasm: differences between the characteristics of and the ways a business markets to initial customers versus the bulk of the business’s potential customers.

1391) Don't take any wooden nickels ... they're only good in one bar.

1390) Nine Fs for entrepreneurial success: founders, focus, fast, flexible, forever innovating, flat, frugal, friendly, and fun. [Thank you, Andrew Corbett]

1389) Promote our venture with high profile publications.

1388) Don't do it alone ... the first one to come along with a partner is going to beat the snot outta us!

1387) Common Stock: equity or stock ownership of a company representing owners who have the lowest-priority.

1386) Adapt ... there are no other viable options!

1385) Brainstorming does not mean narrowing down to the best idea.

1384) Tomorrow will be different than today ... for better, or for worse ... we're married to each and every day.

1383) It takes genius, faith, and perseverance to create a brand. [Thank you, David Ogilvy]

1382) Mountain or molehill ... don't mix them up!

1381) Strange signals from the sky may be signs of aliens ... potential new markets for our venture?. [Thank you, Economist]

1380) Focus on our beachhead market and solution first.

1379) Praise accomplishments.

1378) Encourage people to build on the thoughts of others ... think "why not!" rather than "here's why not!". [Thank you, Todd Adams]

1377) Don't put off until tomorrow what we can do today ... if it needs doing, do it.

1376) T or F?: The biggest hurdle to success is me, myself, and I.

1375) How to attract new customers: highlight positive reviews and recommendations.

1374) Compensation: the pay and other incentives an organization provides to an employee in exchange for his/her services.

1373) Be prepared. [Thank you, Boy Scouts]

1372) Asset: a useful or valuable thing, person, or quality.

1371) Want to succeed ... where there's a want there's a way.

1370) There is no status quo ... we are either getting better or worse. [Thank you, Pat Riley]

1369) Knowledge is a process of piling up facts ... wisdom lies in their simplification. [Thank you, Martin H Fischer]

1368) Do the very best we know how, the very best we can, and keep doing so until the end. [Thank you, Abraham Lincoln]

1367) Only do business with people you trust.

1366) Promote our venture with general business magazines.

1365) The world is a canvas to the imagination. [Thank you, Henry David Thoreau]

1364) Success is a lousy teacher ... it seduces smart people into thinking they can't lose. [Thank you, Bill Gates]

1363) Technology Transfer: the transfer of new technology from the originator to a secondary user.

1362) Skilled innovators and entrepreneurs are word fluent.

1361) Companies are easy to start, businesses are not.

1360) Everyday when we wake up, ask ourselves: what are we really trying to do?

1359) Key question for our venture: What do we need to know about our target market?

1358) Push or Pull ... what should we focus on today?

1357) A little nonsense now and then is relished by the wisest ... gotta get goofy sometimes. [Thank you, Roald Dahl]

1356) The best burglar alarm is a dog ... do think outside the doghouse when developing new products and services!

1355) We can fiddle with the pravda all we want ... but we can't change the istina. [Thank you, Andrew Rosenthal]

1354) Gravity or Energy ... what should we focus on today?

1353) Many ventures today consist of just a CEO with a cell phone ... everything else is outsourced! . [Thank you, Tom Peters]

1352) It all starts with a fuzzy front-end. [Thank you, Ken Smith]

1351) Park ourselves in the middle of the road and we'll get run over from both directions.

1350) People’s minds are changed through observation, not through argument. [Thank you, Will Rogers]

1349) 80% of the business comes from 20% of the customers ... a common generalization ... maybe 80/20 is not quite the right ratio ... still, worth taking a look at who are our top customers and how valuable the are to our venture.

1348) Think and our minds will stay fresh.

1347) The future is never certain.

1346) Chance: the possibility of something happening.

1345) They muddy the waters to make them seem deep. [Thank you, Friedrich Nietzsche]

1344) Transactional Analysis: an interchange between parental (critical and nurturing), adult (rational), and childlike (intuitive and dependent) aspects of personality. [Thank you, Eric Berne]

1343) The hardest thing to explain is the glaringly evident which everybody had decided not to see. (Thank you, Ayn Rand)

1342) Maker: a person or thing that makes or produces something.

1341) Let go ... mistakes happen, life isn't perfect.

1340) Keep our sense of wonder.

1339) Ask "why?" ... if that doesn't work, ask "Why not?"

1338) Uphill or Downhill ... what should we focus on today?

1337) If it ain't broke, break it ... then put it back together even better than before!

1336) You can never plan the future by the past alone ... but it's not a bad place to start.

1335) Entrepreneurs are often good at mathematics.

1334) Choose the right co-founders.

1333) If we think money is limiting, time is more so!

1332) Telling the truth is always desirable, but sometimes not advisable. [Thank you, Agatha Christie]

1331) Promote our venture with demonstrations? Will that work?

1330) An inventor creates a product, an entrepreneur creates a business.

1329) Overcome hard luck with hard work. [Thank you, Harry Golden]

1328) Promote our venture with fliers and circulars.

1327) We can't have a light without a dark to stick it in. [Thank you, Arlo Guthrie]

1326) Long-tail: refers to the large number of products that sell in small quantities, as contrasted with the small number of best-selling products

1325) Understand the value of things.

1324) Potential opportunities have perceived desirability. [Thank you, IDEO]

1323) How to kill creativity, just say: "If it ain't broke, don't fix it..."

1322) There are lots of big fat liars out there!

1321) There are four types of innovation: product, process, position, and paradigm. [Thank you, Matt Mars]

1320) Everyone gets twenty-four hours in a day ... it's all in how we use it.

1319) The devil’s in the doing ... hopefully we can stand the heat of hell in our quest for the warmth of heaven.

1318) To see things in the seed, that is genius. [Thank you, Lao-Tzu]

1317) Up or Down ... what should we focus on today?

1316) No shit ... further, no bullshit ... it all stinks.

1315) Beware of speed bumps and potholes.

1314) Keep a camera close at hand to capture ideas, competitive products, customer problems, and other visual information.

1313) Well begun is half done. [Thank you, Horace]

1312) Good competitive research is critical to our success.

1311) Good design can’t fix a broken business model. [Thank you, Jeffrey Veen]

1310) Control our costs ... or they will control us!

1309) A source of opportunity for innovation are changes in perception, mood, and meaning. [Thank you, Peter F Drucker]

1308) Align long-term vision with short-term execution. [Thank you, Walt Disney]

1307) Successful teams are mutually supportive of each other, in thick and in thin.

1306) Creativity is a muscle that needs to be exercised regularly or it turns to mush.

1305) When the chips are down, the buffalo is empty. [Thank you, Buffalo Bill]

1304) Build a psychographic profile of our target customers ... needs, wants, desires, purchasing patterns, decision-making processes.

1303) Sustainable: be able to maintain something at a certain rate or level.

1302) Promote our venture with price specials. The most powerful word in the English language is "free" with "sale" a close second.

1301) Limited Liability Company (LLC): a legal form of company that has many of the tax advantages of partnerships, notably the characteristic of being a pass-through entity for tax purposes.

1300) Our brand is our most important competitive advantage and most valuable asset ... don't screw it up!

1299) Profit in business comes from repeat customers, customers that boast about our products and services and processes, and that bring their friends with them. [Thank you, W Edwards Deming]

1298) Travel ... it gives us new perspectives.

1297) Corporate entrepreneur credo: Develop a spirited team; choose and work with only the best. [Thank you, Gifford Pinchot III]

1296) Exercise: List 10 things our competitors do better than us ... use the list to improve what we do.

1295) Direct and Indirect ... What are two types of Price?

1294) Can we promote our venture with direct mail and sales letters ?

1293) Make it easy for trade show booth visitors to get information. [Thank you, Susan Ward]

1292) Good manners and soft words have brought many a difficult thing to pass. [Thank you, John Vanbrugh]

1291) Elevator Pitch: a succinct and persuasive sales pitch that can be delivered in about the time it takes an elevator to go up to the top floor.

1290) Memorize something new each day ... could be song lyrics or the list of Islay distilleries (Ardbeg, Bowmore, Bruichladdich, Bunnahabhain, Coal Ila, Lagavulin, Laphroaig,Kilchoman, and Port Charlotte) ... never can tell when it'll come in handy!

1289) Every venture has its ups and downs.

1288) Benefit: an advantage or profit gained from something.

1287) Key questions for our venture: What is the typical sales cycle between our initial customer contact and the closing of a sale? How can we streamline this process and shorten the time?

1286) Change things ... before they change us.

1285) Communications: the imparting or exchanging of information.

1284) Don't sweat the petty stuff ... and don't pet the sweaty stuff! [Thank you, George Carlin]

1283) Absence makes the heart grow fonder. [Thank you, McDonald's, thank you very much for taking away the McRib ... yes, I am being sarcastic, McRib lover that I am.]

1282) Shoot for the moon ... even if we miss, we'll be among the stars.

1281) Market Research: the action or activity of gathering information about current and prospective customer needs and preferences. [Thank you, Google Dictionary]

1280) Better to wear out than rust out. [Thank you, Richard Cumberland]

1279) Taxes: a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

1278) Tell them how very much they are appreciated, and mean it.

1277) Do more with less ... waste not, want not.

1276) There are no great limits to growth because there are no limits of human intelligence, imagination, and wonder. [Thank you, Ronald Reagan]

1275) Skilled innovators and entrepreneurs are independent in outlook.

1274) Great oaks grow from little acorns.

1273) Use secondary data that was gathered using objective, neutral processes.

1272) One must have sunshine, freedom, and a little flower. [Thank you, Hans Christian Andersen]

1271) If we get off track, get back on as fast as we can before another train passes us by.

1270) Entrepreneurial Myth: It takes a lot of money to finance a new business ... it depends on the type of venture ... that's one of the key reasons to do a good job planning the new venture ... to figure out in advance how much money it will take until the venture is stable (self-funding). [Thank you, Scott Shane]

1269) Setting a proper “Use of Funds” strategy is a balance between asking for enough money to enable the company to achieve some meaningful milestones and preserving the founder’s dilution ... for the first seed round of funding, don't sell more than 15-20% of the company ...

1268) Leadership consists of nothing but taking responsibility for everything that goes wrong and giving our colleagues credit for everything that goes well. [Thank you, Dwight D Eisenhower]

1267) Smell the flowers, listen to the birds ... enjoy life's little pleasures!

1266) Types of capital: debt and equity and grants and gifts and revenue.

1265) Education is a great equalizer.

1264) Innovators and entrepreneurs are like detectives out to solve the mystery of the golden opportunity.

1263) Business Model: a design for the successful operation of a business, identifying revenue sources, customer base, products and services, operational processes, and details of financing. [Thank you, Yves Pigneur]

1262) Overwhelming customers with personal, unexpected service is the best way to keep them for life. [Thank you, Seth Godin]

1261) Key question for our venture: What are our respective market shares, the competition and us?

1260) Anticipate objections.

1259) It could be a good opportunity if we have a feasible solution.

1258) Benchmark other companies ... they can help us learn a lot about our business without having to make quite so many mistakes. How do they do it, and why?

1257) A good business plan has the right appearance ... not too fancy, not too plain; arranged properly with the executive summary, table of contents, and chapters in right order. [Thank you, Conspiracy Cosmetics]

1256) To kill creativity, just say: "We don't take any risks around here ..."

1255) Participate, join in, make things happen.

1254) Don't be afraid to ask for what we need from investors ... be honest, be fair, be right, apply their money wisely.

1253) When writing our business plan, avoid overly optimistic time frames ... ask around or do research on the internet ... if it takes most companies 6-12 months to get up and running, that is what it will likely take ours ... if we think it will take 3 months to develop our prototype, double it ... we will face delays we don't know about yet--ones we can't control. [Thank you, Kaye Vivian]

1252) If we want something changed, it's up to us to change it.

1251) Figure out our why.

1250) Someone else's recipe may not work for us. [Thank you, Nelson Wang]

1249) Skilled innovators and entrepreneurs are able to make independent judgments.

1248) Whenever we are true to ourselves, we will be true to others.

1247) We can never go back ... time travel back is (so far) impossible, so saith Albert Einstein ... so let's move ahead, Fred!

1246) Staying creative is one of the hardest things we must do, or die.

1245) Successful entrepreneurs have an ability to sell. [Thank you, Timothy Butler]

1244) Skilled innovators and entrepreneurs are flexible.

1243) A business model is a conceptual framework that shows how a venture creates, delivers, and extracts value. [Thank you, Webb Smith]

1242) Do what we promised to do, and then some.

1241) Where there is money, there are monkeys, and where there are monkeys, there is monkey business.

1240) Focus on a particular geographic niche ... once we're big in Racine, we can expand to Milwaukee.

1239) Obsolete ourselves or the competition will. [Thank you, John Micklethwaite]

1238) Key question for our venture: Do we have the capabilities and resources to compete in these market five to ten years from now?

1237) Develop our own rituals.

1236) We can't manage what we can't measure ... what metrics are key to the success of our venture?

1235) There is a fine line between a numerator and a denominator!

1234) Problems can become opportunities when the right people come together. [Thank you, Robert Redford]

1233) No one is listening until we make a mistake ... maybe we should have a song all ready to sing for the occasion?

1232) All entrepreneurs are not created the same ... some think this way, some that way.

1231) In science, progress is measured by moving the frontier of knowledge away from the core ... in engineering, progress is measured by moving the practice closer to a commercially-interesting embodiment. [Thank you, Will Allen]

1230) Web site for census data: www.census.gov. [Thank you, US Census Bureau]

1229) See what's not there ... that how we see the future.

1228) Keep our feet on the ground but keep reaching for the stars. [Thank you, Casey Kasem]

1227) Do not evenly divide shares between founders ... it should be equitable and that's not usually even. [Thank you, William Bygrave]

1226) Potential venture legal issue: Promising more in the business plan than can be delivered and failing to comply with state and federal securities laws. [Thank you, Connie Bagley]

1225) Nobody knows what is the best they can do. [Thank you, Arturo Toscanini]

1224) Keep a daily diary ... it's a good way to learn from experience, writing down all the good, the bad, and the ugly.

1223) Let's leave our mark when we have it in our power.

1222) The best way to get in front of any investor is to have someone they know introduce us. [Thank you, Rhonda Abrams]

1221) Innovating is competitive creativity. [Just for kicks, take a look at CompetitiveCreativity.com]

1220) There are few things as uncommon as common sense. [Thank you, Frank Hubbard]

1219) Respect yourself ... this is not negotiable.

1218) Take a deep breath ... now exhale. Doesn't that feel better?

1217) Small things have been made big with advertising.

1216) Entrepreneurial Myth: Starting a business is easy ... well, actually, starting a new company isn't so hard ... it's making money at it that is tough. [Thank you, Scott Shane]

1215) It could be a good opportunity if our team has a clear plan for success.

1214) All investors are not the same ... pick and choose carefully whose money you want to use.

1213) The more things change, the more they are the same. [Thank you, Alphonse Karr]

1212) A watched pot never boils.

1211) Seize good luck ... it doesn't happen often enough.

1210) Entrepreneurs understand there is little difference between obstacles and opportunities ... they turn both into their advantage.

1209) TV networks are built on the assumption that audience size is what matters most ... content is secondary; it exists to attract passive viewers who will sit still for advertisements ... traditional market-driven media always attempts to treat devices, audiences, and content as bulk commodities ... as users acquire the means to produce and distribute content, the authority and profit potential of large traditional networks are directly challenged. . [Thank you, John Hockenberry]

1208) Without action, we aren't going anywhere. [Thank you, Mahatma Gandhi]

1207) Successful entrepreneurs are comfortable with uncertainty. [Thank you, Timothy Butler]

1206) The competition is a very good teacher, not necessarily a kind teacher, but good.

1205) Put words together that don't usually go together ... way back when, someone put "personal" and "computer" together ... a very avant-garde thought at the time.

1204) Instruct rather than order.

1203) Go whole hog when we're makin' bacon!

1202) A good business plan supports credible growth projections. [Thank you, Charlie HIggins]

1201) We need to take responsibility for our goals and objectives ... they don't happen by magic.

1200) Skilled innovators and entrepreneurs are emotionally expressive.

1199) Let’s be a class act.

1198) Customer discovery, customer validation, iteration/pivot, customer creation, company building ... the stages in building a new venture, product, service, or process.

1197) Don't gossip ... it's a waste of time and energy and ethics.

1196) We simply hate, detest, loathe, despise, and abhor redundancy and duplication and repetition. [Thank you, Department of Redundancy Department]

1195) In programming, the first 90% of the code accounts for the first 90% of the development time ... the remaining 10% of the code accounts for the other 90% of the development time!

1194) Stand out ... but not in the rain!

1193) A good business plan is the "right length" ... not too long, not too short ... to convey all the pertinent information. [Thank you, Patty Sias]

1192) Key question for our venture: What are the factors that limit our growth?

1191) Opportunity: A business or technology gap, that a venture or individual realizes, that exists between the current situation and an envisioned future in order to capture competitive advantage, respond to a threat, solve a problem, or ameliorate a difficulty. [Thank you, P Puri]

1190) Promote our venture with local newspapers.

1189) It's one chapter after another!

1188) The more we know, the more we know we ought to know.

1187) Fresh eggs sink in cool saltwater, old eggs don't ... new ventures often may sink, old ones usually don't.

1186) How to kill creativity, just say: "That's crazy ..."

1185) Fortune: luck, especially good luck; a large amount of money ... yes, luck and money go together.

1184) Think about how we can help others.

1183) The past cannot be changed.

1182) Progress: moving forward toward a goal.

1181) An early-stage company should have 5 board members: CEO, CFO, two members from the lead investors, and an independent outsider. [Thank you, Andrew Zacharakis]

1180) We can make more friends in two months by becoming really interested in other people than we can in two years by trying to get other people interested in us ... which is just another way of saying that the way to make a friend is to be one. . [Thank you, Dale Carnegie]

1179) The results of a recipe depend on the quality of the ingredients and the skills of the cook.

1178) Early Adopter: individuals or organizations that enthusiastically embrace (try and buy) new technologies or tech-based products before the vast majority of potential buyers consider it.

1177) Balance sheet formula: Assets - Liabilities - Shareholder Equity = 0. [Thank you, Chip Ruscher]

1176) Do what we can't. [Thank you, Casey Neistat]

1175) Good products are desirable, feasible, and viable. [Thank you, IDEO]

1174) We'll know we've really made it when our brand becomes a verb ... like Google or Xerox!

1173) Take responsibility ... good, bad, or ugly.

1172) Feature: a distinctive attribute or aspect of something.

1171) Focus on a particular demographic niche.

1170) Mistakes are lessons of wisdom. [Thank you, Hugh White]

1169) It's easy to sit up and take notice ... what's difficult is getting up and taking action! . [Thank you, Al Batt]

1168) Encourage active participation from our customers.

1167) History is only as accurate as the historian. (Whoever wins the war gets to write the history books. -Jim)

1166) Perhaps we can sell it to us but we can sell it to anyone.

1165) Many new discoveries are just seeing things that were already there ... but seeing them in a different way.

1164) Customers pay our salaries ... they are the most important visitors on our premises ... they are not dependent on us, we are dependent on them ... they are not an interruption in our work, they are the purpose of it ... we are not doing them a favor by serving them, they are doing us a favor by giving us the opportunity to serve them. [Thank you, Mohandas Gandhi]

1163) Turn dreams into reality.

1162) Sometimes start-up ventures have too much money ... it's a nice problem, yes, but still a problem if we don't know how to use it right.

1161) Do a SWOTT Analysis ... Strengths (internal factors): What are the attributes of the organization that are helpful to achieving the objective? How can we use each strength? ... Weaknesses (internal factors): What are the attributes of the organization that are harmful to achieving the objective? How can we eliminate each weakness? ... Opportunities (external factors): What are the external conditions that are helpful to achieving the objective? How can we exploit each opportunity? ... Threats (external factors): What are the external conditions which could do damage to the business's performance? How can we defend against each threat? ... Trends (internal and external factors): What are the current trends that will affect the strengths, weaknesses, opportunities, and threats in the near and long term? What should the organization do to take advantage of the positive trends and avoid the negative?

1160) She was addicted to the hokey pokey but she turned herself around.

1159) Business Development: business function focused on creating strategy, strategic partnerships, and long-term relationships with suppliers and customers.

1158) Reach is the percentage of a company’s target market that is exposed to an ad campaign within a specific period of time. [Thank you, Andrew Corbett]

1157) Key question for our venture: Is our name pleasant to say?

1156) Niche versus broad markets.

1155) Someone who may be nice to us but is rude to the waiter is not a nice person.

1154) Capital: money, in particular, funds contributed by investors or lenders to a company for the purpose of funding.

1153) Successful innovators and entrepreneurs have unbounded determination to succeed.

1152) Do not try to fix our venture all at once ... piece by piece, inch by inch.

1151) Without innovation, don’t bother!

1150) Are they really a competitor or a potential collaborator? ... maybe we can work with them instead of against them.

1149) Write down our thoughts as we have them ... capture our ideas, never know when that great one is going to hit!

1148) Where is our venture going to be located? Is it critical to our success? [One of my companies was located in a low-rent warehouse ... we sold products on the internet so didn't much matter where we were physically located.]

1147) People make decisions emotionally ... they make decisions based on a feeling, need, or emotion, not necessarily though a logical thought process. [Thank you, Dean Rieck]

1146) What are we waiting for? ... Are we sure waiting is worth it?

1145) Motion is not necessarily action.

1144) Exactitude is not truth. [Thank you, Henri Matisse]

1143) If we want people to pay attention, make it quantifiable. [Thank you, Jim Ehrlich]

1142) Key question for our venture: What are the three-year objectives (what we are going to make happen) for our venture?

1141) MVP: abbreviation for Maximum Value Product ... MVP is often capitalized to differentiate it from mvp (minimal viable product).

1140) Skilled innovators and entrepreneurs are high achievers.

1139) Some people who look smart aren't. Others who might not seem to have their lights turned on may turn out to be brilliant. Can't judge a person by appearance, gotta get to know them.

1138) Eat food, not too much, mostly plants. [Thank you, Michael Pollan]

1137) Front or Back ... what should we focus on today?

1136) Follow our passions.

1135) Be different, be better.

1134) Constant kindness can accomplish much ... as the sun makes ice melt, kindness causes misunderstanding, mistrust, and hostility to evaporate. [Thank you, Albert Schweitzer]

1133) Fools rush in where angels fear to tread.

1132) Give each customer individualized attention.

1131) A roving eye misses opportunities close by. [Thank you, Barbara Ann Kipfer]

1130) Goal: a long-term aim or desired result.

1129) Common cause of venture death: inadequate time to become a stable organization ... time and money, can't live with them, can't live without them.

1128) Know when to hold ‘em, know when to fold ‘em, know when to walk away, know when to run. [Thank you, Kenny Rogers]

1127) Cost of Goods Sold: the cost of the components and labor required to produce a product (the Goods).

1126) Plan for today's and tomorrow's business. [Thank you, Google]

1125) In horse racing, the favorites win about 30% of the time. [Thank you, Bill Finley]

1124) Ready! Fire! Aim! [Thank you, Dick Cheney]

1123) Innovate: make something new and better or improvements in something by introducing new methods, ideas, products, services, processes, market positions, paradigms, or combinations thereof.

1122) It’s the hard that will make us great.

1121) What do we find easy? ... If it's hard for someone else, we've got something of value!

1120) Sometimes we just need to shut up.

1119) Some people who enter our lives change it forever ... for better or for worse.

1118) Money can make money, but it takes time, too.

1117) A good read: Thinking, Fast and Slow (Daniel Kahneman) ...

1116) The door to success is closed until we open it.

1115) A day lost is gone forever.

1114) Read every day ... even if it's a little here and a little there ... 5Ktips.com was designed to be read a little here and a little there, put it down or pick it up whenever you don't of do have time!

1113) Sometimes we need a little push to get us back on track.

1112) Just the facts, Jack or Jill, just the facts ... likely the opinions are already there.

1111) Can we promote our venture with sidewalk signs?

1110) Our passion leads to success ... success feeds our passion!

1109) Fuzzy Front-End: the period between when an opportunity is first considered and when it is judged ready to enter formal development.

1108) Finish before it's due.

1107) The trick to getting things done is knowing what to leave undone. [Thank you, Stella Reading]

1106) Every venture has a unique past, present, and future.

1105) Develop the habit of creativity ... reinvent everything we see, at least in our heads.

1104) Cultivate a pool of potential investors ... if one drops out, we have some backup. [Thank you, Pamela Morrone]

1103) Turn fixed costs into variable costs whenever we can.

1102) Time makes more converts than reason. [Thank you, Thomas Paine]

1101) Nothing endures but change. [Thank you, Heraclitus of Ephesus]

1100) Identify the key questions and actions.

1099) Take a hike ... helps clear the mind.

1098) Take time in turning a corner ... less we take a tumble in time.

1097) When we have eliminated the impossible, whatever remains, however improbable, must be the truth. [Thank you, Arthur Conan Doyle]

1096) Focus on an industry that is new, growing, and/or expanding significantly.

1095) Skilled innovators and entrepreneurs are alert to novelty.

1094) It’s not just who we want to reach, it’s how they can reach us, too! [Thank you, Jack Hardy]

1093) Experimental: a new invention or product based on untested ideas or techniques and not yet established or finalized.

1092) Discovery consists of looking at the same thing as everyone else and thinking something different. [Thank you, Albert Szent-Gyorgyi]

1091) Make it easy for us <or> Make it easy for them ... which one describes what we should be doing today?

1090) Hire for attitude, train for skills. [Thank you, Herb Kelleher]

1089) Nothing is more valuable than a workable idea. [Thank you, Ed Veverka]

1088) EXP: common abbreviation for Experimental ... "X" often is used the same way, too.

1087) The most powerful word in the English language is “free” ... “sale” is second.

1086) Lean: efficient and with no waste, offering little reward or substance, having no superfluous fat.

1085) A day without wine is like ... (Just kidding. I have no idea. -Jim)

1084) When we compete against another company, we just have to be better to win ... if we compete with ourselves, there is no limitation on how good we can become. [Thank you, Chin Ning Chu]

1083) Line up funding commitments in advance ... ideally, we will have enough funding commitments to carry us over until we can reach self-funding stability.

1082) Market: a demand for a particular commodity or service, and the customers that create that demand.

1081) Monotony may be the best condition for creativity. [Thank you, Margaret Sackville]

1080) Can we use YouTube to promote our venture?

1079) Haiku: Five syllables here, seven more syllables there, are you happy now?

1078b] Interest: the state of wanting to know or learn about something or someone.

1078a) Interest: money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

1077) Creative mess is preferable to idle neatness.

1076) If I had nine hours to cut down a tree, I'd spend the first six sharpening my ax. [Thank you, Abraham Lincoln]

1075) Ideas die quickly in some minds because they can't stand solitary confinement.

1074) Hit a brick wall? Get a ladder and go over it ... or, dig a tunnel beneath.

1073) Some problems are not really understood until a they are solved.

1072) Skilled innovators and entrepreneurs are considerate of alternative concepts.

1071) You may call it madness, but I call it love. [Thank you, Don Byas]

1070) Our brand conveys our set of venture values to our customers.

1069) Delight our customers ... that'll get 'em talkin'!

1068) Good people can fix a lot of flaws in poor planning, but it’s never the other way around. [Thank you, Roland Schmitt]

1067) Creativity is like driving a car at night ... we never see further than our headlights, but we can make the whole trip that way.

1066) Fit, form, function, features, feel ... a quick little 5-point checklist for new product or service design and development ... where does it fit, what form is it in, what functions does it perform, what features does it have that make it different from everything else like it, how does it feel?

1065) Dream, explore, ideate, vision, mission, goals, objectives, strategies, tactics, tasks, assignments ... common stages in new venture development.

1064) Get a good attorney ... on second thought, make that a “great attorney”! [Thank you, Larry Hecker]

1063) We can always ask questions ... and we should! (Thank you, Nick Copic)

1062) The best value wins the business.

1061) Entrepreneurs do not have a special set of personality traits ... rather they combine their personal strengths together in ways that yield new results. [Thank you, Heidi M Neck]

1060) The fear of the change is usually worse than the change itself.

1059) Add our new (and hopefully big) twist and quickly blend with tested bits borrowed from anyone and everyone. [Thank you, Tom Peters]

1058) Years don’t always add wisdom, but they do add perspective and grey hair ... that's why we need both "grey hairs" and "young pups" on our team ... grey hairs with experience, young pups with energy. [Thank you, Paul Harvey]

1057) Should we promote our venture with walking signs?

1056) Quantitative or Qualitative ... what should we focus on today?

1055) Process: a series of actions or steps taken in order to achieve a particular end.

1054) They are what they are ... if we can't change them, think hard about whether we should join them.

1053) Courtesy is contagious ... if we are nice to them, they are more likely to be nice to us.

1052) Have a picnic ... get the team together off-site for a day of fun and games!

1051) Can we promote our venture with greeting cards?

1050) ’Tis better to have loved and lost, than never to have loved at all ... better to have "ventured" and failed, than never to "ventured" at all. [Thank you, Alfred Lord Tennyson]

1049) Things are not always what they seem ... sometimes they're better, sometimes they're worse.

1048) If we can’t be interesting, at least be brief.

1047) Pro Forma: forward-looking or predicting future financial performance.

1046) Give encouragement, not grief.

1045) If they're laughing, they're listening ... if they're listening, they're learning!

1044) Network ... get around and make connections.

1043) Be ready to pivot if needed ... but don't react too quickly to setbacks or our venture may wind up going around in pivot circles.

1042) Use the story-boarding technique to solve planning and communication problems. [Thank you, Walt Disney]

1041) Ask our hearts what action to take ... in our hearts, we are usually right.

1040) Innovators are creative ... it's basic to being innovative. [Thank you, CONACYT colleagues]

1039) Promote our venture with proposals ... propose to our customers and tell them how a marriage to our venture will make their lives so very much better ... (mean it, and deliver!).

1038) We may not hear everything that's true.

1037) Skilled innovators and entrepreneurs are able to concentrate on the task at hand.

1036) There is a limit to everything ... but don't stop pushing until we reach it.

1035) Focus on the key factors that lead customers to buy our products and services.

1034) Use carefully-crafted surveys to gather primary research data. But surveys aren't the first step ... discussions, interviews, and focus groups can can result in fodder for more extensive surveys.

1033) Innovators and entrepreneurs should be out there innovating and entrepreneuring, not sitting around reading about innovating and entrepreneuring ... they are doers, not stewers ... but they also need to take a break every now and then or their brains will overheat. (Hint: 5Ktips.com is a nice break, read a little or read a lot.)

1032) Resource or Pre-source ... what should we focus on today?

1031) Promote our venture with public relations and publicity. What can and should we say? What are we doing that's news-worthy?

1030) The truth makes us free ... lies make us cheap.

1029) Make it easy for our customers to give us their feedback and inputs ... if they aren't happy with what we're doing, we need to know and need to know quickly!

1028) Key question for our venture: Who are our future competitors? Are we ready for them?

1027) Give people more than they normally expect.

1026) Our venture is only as strong as our weakest link ... be it skills, passion, luck, or ethics.

1025) Key question for our venture: how can we research our target market? What do we really, really need to know about them?

1024) Here's your desk, here's your phone, lots of luck, you're on your own ... (how not to train new salespeople!). [Thank you, Brad Thompson]

1023) Do the right thing ... no matter what others may think.

1022) Great teams thrive on trust. [Thank you, Google[

1021) Show the marketing brochure for our new product to as many prospective customers as possible ... can we capture some advanced orders by doing so?

1020) It is better to know than to be ignorant. [Thank you, H L Mencken]

1019) Garbage in, garbage out.

1018) Entrepreneurship is a team sport.

1017) Keep our daily to-do list short and attainable.

1016) Ability is what we're capable of doing, motivation determines what we do, attitude determines how well we do it. [Thank you, Lou Holtz]

1015) Match form to function.

1014) Difficult and painful times should make us better, not bitter. [Thank you, Barbara Ann Kipfer]

1013) Debt: borrowed funds; money, goods or services owed by one person or organization to another.

1012) The right brain creates energy, the left brain consumes it!

1011) We are not the customer ... dangerous to think we are!

1010) To make enemies, talk ... to make friends, listen.

1009) To start a trend, we have to first give our product away for free. [Thank you, Mark Hughes]

1008) The only way I can get them to do anything is by giving them what they want. [Thank you, Dale Carnegie]

1007) Just stick with it. [Thank you, Harry Coover]

1006) Do not look where we fell down but where we slipped up.

1005) With the internet, we can always find data to support our opinion ... no matter how wrong that data may be!

1004) Capital effectiveness and efficiency ... are we doing the right things with our money?

1003) The difficult we can do right now ... the impossible will take a little while! [Thank you, Billie Holliday]

1002) HALT stress: make sure we're not Hungry, Angry, Lonely, or Tired ... take care of those four things and be less likely to be stressed. [Thank you, Keith King]

1001) Misteaks Mistakes are there waiting to be made ... and made they will be. (Then what do we do? -Jim)


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