2500 - 2001
Tips 2500 to 2001 for Innovators and Entrepreneurs ...
2500) Wisdom does not come by chance, it comes by choice.
2499) Promote our venture with skywriters. "Look, up in the sky ... it's a bird, it's a plane ... no, it's an ad for Super Venture!!"
2498) How to kill creativity, just say: "It's good enough already ..."
2497) Thank the people who made it all happen.
2496) Life is like riding a bicycle ... to keep our balance we must keep moving. [Thank you Albert Einstein]
2495) The purpose of life is a life of purpose ... the purpose of a venture is a venture of purpose. [Thank you, Barbara Ann Kipfer]
2494) Be responsible.
2493) Fit or Fat ... which one's where we're at?
2492) An original thought is not always readily understood.
2491) Key question for our venture: Is the name descriptive of the benefits offered by the product, service, or business venture?
2490) If we're going to think big, think BIG.
2489) Curly or Moe or Larry ... which one should we follow, or not?
2488) Lies are the hardest things to forgive.
2487) Try putting it in our catalog; if it doesn't sell, take it out.
2486) Beware jumping in bed with the first investor we meet.
2485) What does it take to get them to stand up and take notice?
2484) Work smarter and harder than the competition.
2483) If the automobile had followed the same development cycle as the computer, a Rolls-Royce would today cost $100, get a million miles per gallon, and explode once a year, killing everyone inside! [Thank you, Robert X Cringely]
2482) Choose our teammates wisely.
2481) Allow sufficient time for people to think ideas through before having to act. [Thank you, Charlie Prather]
2480) Reading is to the mind what exercise is to the body. [Thank you, Richard Steele]
2479) Successful teams are comfortable with disagreements among themselves.
2478) Stay in the bounds of integrity.
2477) Falling is a part of learning ... learning how to fall can make it less painful.
2476) Separate opinion from fact.
2475) Find our niche in life.
2474) People usually "geek out" on something in their life ... for some people, it's beer or music or football, and for other people it's direct-to-customer fulfillment. [Thank you, Jeff Wilkins]
2473) Free! ... the number one most powerful word in the English language ... "Sale" is second.
2472) Say what you want about long dresses, but they cover a multitude of shins. [Thank you, Mae West]
2471) Believe in their potential.
2470) Spend a lot of time spying on our customers, looking for tip offs to new trends. [Thank you, Rachael Ray]
2469) A target is something we aim to hit ... our weapons include our products and services, our processes and methods of doing business, our relationships and benefits.
2468) Six key qualities of an idea that is made to stick: Simplicity, Unexpectedness, Concreteness, Credibility, Emotional, Stories. [Thank you, Chip Heath & Dan Heath]
2467) Money is limitless, time is not.
2466) Don't make things worse.
2465) Gift: a present or money, no strings attached. Contrast with Grant: a present or money, but with some strings (ie, having to report how the money was used.)
2464) Funding Proposal: a plan or suggestion for providing money for a particular purpose, especially a formal or written one, put forward for consideration or discussion by others.
2463) Left brain thinking ... analyze and decide.
2462) Use plain English even on technical subjects.
2461) It takes a team ... one can do so little, many can do so much!
2460) It is impossible to teach without learning as well.
2459) Motives are behind everything customers do.
2458) The truth isn't so obvious. [Thank you, New York Times]
2457) Successful innovators and entrepreneurs possess a willingness to embrace ambiguity, paradox, and uncertainty. [Thank you, Michael J Gelb]
2456) Think. [Stop what you're doing right now and think ... write down whatever it is you're thinking about, even if it seems trivial! The brain is a big old muscle that needs it's exercise or it will get flabby! -Jim]
2455) Headings for a Feasibility Study: A. Market / Industry Attractiveness; Problems to Be Addressed; Industry and Environment; Potential Competitive Advantages ... B. Product Market Fit; Prospective Customers; Potential Solutions ... C. Go To Market / Customer Acquisition Strategy; Marketing; Sales ... D. Operating Plan; Production Operations; Team ... E. Financial Viability; Financial Objectives; Funding Proposal ... F. Business Model; Status Timeline; Additional Venture Values; Scope and Scale. [Thank you, Joe Broschak]
2454) People like to buy, but they don't like to be sold.
2453) The past is the only part of our history that we cannot change.
2452) Don't count our chickens before they are hatched.
2451) How can we answer this question: Is our venture in a growth market?
2450) Key question for our venture: What are our major product development milestones?
2449) A potential business model: Create and sell information.
2448) Wisdom: the quality of having experience, knowledge, and good judgment.
2447) It takes all the running we can do to keep in the same place ... if we want to get somewhere else, we must run at least twice as fast as that! [Thank you, Red Queen]
2446) If we want to achieve greatness, stop asking for permission. [Thank you, Google]
2445) Promote our venture with free or low-cost samples.
2444) Innovators are usually good at big-picture thinking.
2443) Gotta love someone who smiles.
2442) Skill: the ability to do something well; expertise.
2441) Keep our costs low and our value high.
2440) Change is the only thing that's permanent ... tomorrow will be different than today.
2439) Better to remain silent and be thought a fool than to speak out and remove all doubt. [Thank you, Abraham Lincoln] (Been there, done that, more often than I care to admit! -Jim)
2438) If we want someone to understand, we've got to carefully explain ... show, tell, demonstrate.
2437) The end doesn't always justify the means ... pick and choose carefully the direction we take.
2436) A gift to a friend: your heart. [Thank you, Oren Arnold]
2435) Skilled innovators and entrepreneurs maintain good interpersonal relations.
2434) Wise people make more opportunities than they find. [Thank you, Francis Bacon]
2433) Have fun at what we do or it will become hard work!
2432) Would-be entrepreneurs who cannot readily name prospective customers are not ready to start a venture. [Thank you, Gary Smith]
2431) Having another bidder in the mix will add 10% to the sales price. [Thank you, Yves Smith]
2430) There is potential in every mistake we make ... the potential to make the same mistake again, or never again.
2429) Focus on our core competencies, outsource everything else.
2428) Reinvent our world ... make it a better place.
2427) SAM: abbreviation for Served Addressable Market ... the customers we can really get to!
2426) If Plan A doesn't work, there are still 25 more letters in the alphabet. [Thank you, Two-N Jenn Ronnebaum ]
2425) Seek the good and build on it.
2424) Time changes all ... all changes take time.
2423) Key question for our venture: How can we market our venture using social media?
2422) It could be a good opportunity if we can build barriers to entry by others.
2421) We must accept finite disappointment but never lose infinite hope. [Thank you, Martin Luther King]
2420) Our customer's attitude will be based on how we treat them.
2419) Remember, stories have a beginning, a middle, and an end ... don't leave the reader, viewer, listener, or customer dangling. [Thank you, Randy Accetta]
2418) Promote our venture using folders with our trademark.
2417) Tolerate ambiguity ... it happens.
2416) Successful innovators and entrepreneurs know how to build on their learning. [Thank you, Patricia G Greene]
2415) Alternative Value: other positive results (aside from the products and services we deliver to our customers) from the activities within a venture.
2414) Throughout the centuries there were those who took first steps down new roads armed with nothing but their own vision. [Thank you, Ayn Rand]
2413) Accomplish small tasks as if they were great and noble. [Thank you, Helen Keller]
2412) The only way to last is to be better.
2411) Reward ourselves for doing good ... there are days when things go well and days when they don't ... celebrate the good ones so the bad ones are more tolerable.
2410) We can only make a difference if we get out of bed. [Thank you, Cathy Guisewite]
2409) It is of equal importance with the discovery of facts to know what to do with them. [Thank you, Mary Parker Follett]
2408) It is not the strongest of companies that survive, nor the most intelligent, but the ones most responsive to change. [Thank you, Charles Darwin]
2407) A pint of sweat will save a gallon of blood. [Thank you, George S Patton]
2406) Beware: levels of lies.
2405) How to kill creativity: (Yawn)
2404) Stay alert.
2403) It takes time to make money, but money can't make time!
2402) Make it personal ... customize to individual customers to make it theirs.
2401) Instead of "me", make it "we".
2400) Key question for our venture: What are our primary core competencies?
2399) Worrying is using our imagination to create something we do not want. [Thank you, Jerry Hicks]
2398) Mediocrity knows nothing higher than itself, but talent instantly recognizes genius. [Thank you, Arthur Conan Doyle]
2397) Include people with different cognitive styles ... we all come from different perspectives and will different skill sets
2396) Beware of project creep ... and creepy projects, too, while we're at it!
2395) There’s always room for one more.
2394) In what industry (or industries) is our venture?
2393) Whatever we're thinking of doing has already been done ... so let's look out there and learn from their mistakes!
2392) We won't always have the answers ... sometimes we will have to make decisions with just what we have.
2391) Sell good products, make appealing offers, treat people fairly ... the surefire formula for success. [Thank you, Dean Rieck]
2390) Start something new today.
2389) Build in quality right from the start ... then we won't have to go back later to fix it!
2388) If we have to do what the competition does, do it better.
2387) Website: a location connected to the Internet that maintains one or more pages on the World Wide Web.
2386) Great people do great things.
2385) Time is money, but money isn't time.
2384) Tip for creating a good venture plan: Include profiles of each of our venture founders, partners, and advisors, and what kinds of skills, qualifications and accomplishments they bring to the table.
2383) Shark Tank: bane or boon? While the TV show has certainly piqued the interest in entrepreneurship, it's also over-simplified the process of creating a healthy, sustainable venture.
2382) An idea is salvation by imagination. [Thank you, Frank Lloyd Wright]
2381) Advice is like snow ... the softer it falls, the longer it dwells upon and the deeper it sinks into the mind! [Thank you, Samuel Taylor Coleridge]
2380) Discover: become aware of a fact or situation.
2379) Tolerance levels ... they are different for different customers ... some customers will tolerate a tepid cup of tea, some will not.
2378) Goals and objectives ... goals are 5 years out, objectives are 5 months (or 5 weeks).
2377) We can't change the cards we are dealt, just how we play the hand. [Thank you, Randy Pausch]
2376) Explore the world.
2375) Jack or Jill ... what should we focus on today?
2374) Goodness is the only investment which never fails. [Thank you, Henry David Thoreau]
2373) No goals, no problem ... no head, no headache ... no expectations, no failure. [Thank you, John Dale]
2372) Skilled innovators and entrepreneurs have a positive attitude.
2371) It’s easy to suggest solutions if we don't know too much about the problem. [Thank you, Malcolm Forbes]
2370) Reason is a harmonizing, controlling force rather than a creative one. [Thank you, Bertrand Russell]
2369) Never send out a chicken to bring home a fox.
2368) There are two kinds of companies: those that work to charge more, and those that work to charge less. [Thank you, Jeff Bezos]
2367) We are not alone ... there are some 7,000,000,000 people on this planet, what are the odds we're the only one with this great new idea? Pretty low, but ... most others will not act on it!
2366) Start where the last person left off. [Thank you, Thomas Alva Edison]
2365) When in doubt, check for rules of grammar and usage with a handbook. [Thank you, Randy Accetta]
2364) Life is an echo; what we send out comes back. [Thank you, Martha Novy]
2363) Creativity often starts where language ends. [Thank you, Arthur Koestler]
2362) Time is our most valuable asset ... it's the only one that can't be replaced.
2361) It is better to delay than to do it wrong right away.
2360) Make things easy on our customers.
2359) Work or Relax ... what should we focus on today?
2358) Forgive and let go ... move on to the future, not cling to the past. [Thank you, Mahatma Gandhi]
2357) Create a compelling challenge that will allow people to become committed emotionally to the project. [Thank you, Don Treffinger]
2356) Invent solutions, not problems.
2355) Skilled innovators and entrepreneurs are able to see inside-out.
2354) Stay humble ... nobody likes a braggart. [Thank you, Nelson Wang]
2353) Make a list of what was done today.
2352) Common bootstrapping strategy: handle own legal matters.
2351) First tell them what they already know ... then tell them what they're missing. [Thank you, Roone Arledge]
2350) The person on top of the mountain didn't fall there.
2349) A luxury, once experienced, becomes a necessity ... smart phones, computers, automobiles, fast-food hamburgers, et alia.
2348) If we know where we are and what we have to do, then it is easier to figure out how to do it. [Thank you, Barbara Ann Kipfer]
2347) Inspiration is all around us ... pay attention!
2346) Elements of a customer profile ... age, gender, sex, nationality, income, location, education, profession, level of acceptable risk, type of buying process, traditionalist or trend-setter.
2345) Common cause of venture death: failure to pivot.
2344) What we do makes a difference ... and we have to decide what kind of difference we want to make. [Thank you, Jane Goodall]
2343) A thoughtful benefits plan can have huge impact on employee satisfaction and loyalty. [Thank you, Andrew Zacharakis]
2342) Positioning: strategies for marketing a product, service, or business within a particular sector of a market to fulfill that sector's specific requirements.
2341) Do what we love and success will follow.
2340) The simplest solution tends to be the best ... keep it simple, Simon, keep it simple!
2339) There is nothing more frightful than ignorance in action. [Thank you, Johann Wolfgang Goethe]
2338) A good target market is definable, meaningful, sizable, and reachable.
2337) Start a revolution ... stay in the lead.
2336) Democratic leadership style ... draws on people’s knowledge and skills, and creates a group commitment to the resulting goals. [Thank you, Daniel Goleman]
2335) Engage our customers ... interactive, part of our family.
2334) AEIOU Framework: Activities, Environments, Interactions, Objects, Users ... use AEIOU to trigger observations when doing field research. [Thank you, Emma L Murray]
2333) It’s not a product, it’s a service ... our customers are buying a gizmogadget, they're buying what the gizmogadget does to make their lives better, beneficial, rewarding, valuable. [Thank you, Bob Lusch]
2332) Leadership is the ability to translate vision into reality. [Thank you, Warren Bennis]
2331) Do all we can to turn ordinary customers into fanatical fans of our venture ... go above and beyond to keep our customers happy.
2330) If we change the way we look at things, the things we look at change. [Thank you, Wayne Dyer]
2329) We're prudent if we're patient.
2328) Creative people focus on small actions together to make a big impact ... inch by inch, bit by bit, it all comes together in something bigger.
2327) How to kill creativity, just say: "It would cost too much ..."
2326) They say time changes things, but we actually have to change them ourselves. [Thank you, Andy Warhol]
2325) Common cause of venture death: pricing-cost issues.
2324) Knowledge comes by taking things apart; wisdom comes by putting them back together ... don't throw away any left-over pieces, either.
2323) Forty thousand wishes won’t fill our bucket with fishes.
2322) How to kill creativity, just say: "Yes, but ..."
2321) Skilled innovators and entrepreneurs are tactful.
2320) Nothing we can’t spell will ever work ... keep this in mind every time we are naming a new product or service or venture. [Thank you, Will Rogers]
2319) Amortization: the process by which the loan principal decreases over the life of the loan.
2318) Look it up on Google.
2317) Successful teams are cohesive.
2316) Have everyone in the management team get in front of customers on a regular basis.
2315) Define new market segments.
2314) Exercise: List 3 things we are going to accomplish today.
2313) Any sufficiently large problem can be solved in parallel ... break it into pieces, then solve for the pieces. [Thank you, John Gustafson]
2312) Turbulence is an opportunity. [Thank you, William Ramsey Clark]
2311) Stay fresh ... the bread gets old in a day!
2310) The purpose of education is to replace an empty mind with an open one. [Thank you, Malcolm Forbes]
2309) Promote our venture with national cable TV.
2308) We gotta do what we gotta do ... so let's go and do it.
2307) Fire bad customers.
2306) Market research is nowhere near perfect.
2305) Founder, Friends, Family, Fanatics, and Fools Funding: a form of startup funding in which the entrepreneur asks friends, family members, and people that are fanatical about the new venture products and services for investments in an early-stage business venture ... "Fools" is a semi-humorous reference to individuals that fund a startup venture based highly on emotion rather than logic.
2304) Let me be a devil's advocate ... that's the code for "I think your idea sucks, and I'm going to smile while I pick it apart!"
2303) Peak or Poke ... what should we focus on today?
2302) Good humor makes all things tolerable. [Thank you, Henry Ward Beecher]
2301) There’s no such thing as a free lunch.
2300) Entrepreneurship: the process of starting a business venture or other organization.
2299) Provide motivation.
2298) Don't presuppose ... don't assume we already know the answer when we know there is not data to back it up.
2297) Nobody’s gonna leave this rock alive. [Thank you, Chris Sorbe]
2296) For outstanding performance, a company has to beat the competition ... the trouble is that the competition has heard the same message. [Thank you, Mark Peterson]
2295) Price is what we're asking ... cost is what the customer actually pays.
2294) Very few angel investors are actually accredited ... and many of these investors don't call themselves "angels" either.
2293) Sometimes our customer doesn't know what they want until we show them. [Thank you, Steve Jobs]
2292) Making a great presentation: Present one key point per visual ... presenting more than one main idea per visual can detract from the impact. [Thank you, Ian McKenzie]
2291) Skilled innovators and entrepreneurs are able to visualize.
2290) The squeaky wheel doesn't always get the grease ... sometimes it gets replaced! [Thank you, Vic Gold]
2289) Make or buy? ... what should we focus on today?
2288) Are we a "Yes" or are we a "No"? [Jim's 2 cents: I have a friend, a nice person, a smart person, but a "no" person. Everything is "no" to her. No, don't change anything, just because. A total left-brainiac. Regimented. No innovations there. What a shame.] ... Do we look for ways to get things done, or do we look for excuses to keep things undone?
2287) Any fool can make a rule and any fool will mind it! [Thank you, Henry David Thoreau]
2286) Effective listening requires suspending judgment. [Thank you, Roger Kirkham]
2285) Key question for our venture: Are all our employees trained in customer service because all our employees are in customer service?
2284) Pigs get fed ... hogs get slaughtered.
2283) Back to the future ... what do we see when we look there?
2282) Whine less, breathe more ... every now and then, take a big breath and have a little more wine!
2281) Don't overanalyze ... just figure out what makes sense and get on with it.
2280) Rely on our common senses. [Thank you, Alton Brown]
2279) Customers decide who offers the better value ... it better be us!
2278) Just because something doesn't do what we planned it to do doesn't mean it's useless. [Thank you, Thomas Alva Edison]
2277) How to kill creativity, just say: "We don't have time ..."
2276) No one can make us feel inferior without our consent. [Thank you, Eleanor Roosevelt]
2275) Promote our venture with statement stuffers.
2274) We must do the thing we think we cannot do ... in order to accomplish the thing we think we cannot.
2273) Have a healthy breakfast every day ... (I recommend yogurt with some granola sprinkled on top, a big glass of orange juice, and coffee ... gotta have coffee!)
2272) Focus on markets that can be affordably reached.
2271) Don't confuse comfort with happiness.
2270) We need a lean, mean marketing machine.
2269) Entrepreneurial Myth: Most business angels are rich ... actually, most investors in new ventures are not rich and do not meet SEC accreditation requirements ... but they are willing to take a risk on our venture, just because we are we. [Thank you, Scott Shane]
2268) Contribute to the success of others.
2267) People respond to their perceptions in spite of reality. [Thank you, Roger Kirkham]
2266) Learn a new culture ... what can we learn that we can apply to our situations.
2265) Venture Plan: a detailed proposal for a venture, usually a formal document or slide presentation.
2264) There are many crooks running around disguised as "entrepreneurs", but real entrepreneurs are not crooks ... entrepreneurs may make mistakes, they may lose their investor's money in the process ... but they don't do it intentionally ... crooks do.
2263) Entrepreneurs are usually quite good at analytical thinking.
2262) There is no great genius without some touch of madness. [Thank you, Woody Allen]
2261) Be a class act. [Thank you, Jimmy Carter]
2260) Be careful if we blindly follow the masses ... sometimes the m is silent.
2259) Get all our ducks in a row ... now just try to keep them there.
2258) Respect ... Give it, expect it.
2257) We forget what we read, we remember what we see, we learn what we do.
2256) Skilled innovators and entrepreneurs are able to visualize the future.
2255) The efforts of any employee must generate 3 to 5 times what the company pays that person. [Thank you, Dan Miller]
2254) State the problem, show the solution, clarify the benefits.
2253) The proof is in the pudding ... even if it's not, it'll taste good looking for it!
2252) Depreciation: a reduction in the value of an asset with the passage of time.
2251) TAM: abbreviation for Total Available Market.
2250) The only way to do great work is to love what we do. [Thank you, Steve Jobs]
2249) Grunt work, ok, but ... someone has to do it ... (Jim Note: Unfortunately, I know too many "important" people who have to have someone else answer their phone, write their emails, schedule their meetings, while they sit in their offices and read nonsense news!)
2248) Phases of Innovation: 1] Preparation ... focus on the problem or opportunity, and who it affects. 2] Exploration ... identify current solutions, alternatives, and substitutes. 3] Stimulation ... use creativity techniques to trigger new ideas, concepts, and solutions. 4] Incubation ... give the new ideas some time and thought. 5] llumination ... identify new ideas, concepts, and solutions. 6] Selection ... establish and use clear criteria for selecting the "best" concept. 7] Planning ... decide how to implement the concept. 8] Implementation ... put the plan and concept to work. 9] Evaluation ... determine if the new concept is working. 10] Iteration ... apply incremental improvement to the concept, or start over.
2247) Silence can be beautiful.
2246) Having common enemies makes for strong alliances.
2245) See it, do it, teach it. [Thank you, Cody Nicholls]
2244) Be genuine ... never false or flaky.
2243) Our imagination needs nourishment and exercise.
2242) Take care of our customers and our business will take care of itself. [Thank you, Ray Kroc]
2241) Entrepreneur: someone who organizes and operates a new venture to the point where that venture becomes stable ... an entrepreneur puts something new and better to work.
2240) How can we answer this question: How will the valuation or our venture at the exit point be determined given current market comparables?
2239) Reduce our waste ... and reduce our waist, too, if we can.
2238) Nothing changes if nothing changes. [Thank you, Kristi Tedesco]
2237) Self-trust is the first secret of success. [Thank you, Ralph Waldo Emerson]
2236) Earnings: the excess of revenues over outlays in a given period of time.
2235) It can take many words to describe a simple thing ... the real trick is to use simple words to describe many things.
2234) Static or Dynamic ... what should we focus on today?
2233) Failure is just another chance to start over. [Thank you, Bob Morrison]
2232) Emphasize the convenience and exclusivity of what we want to sell. [Thank you, Dean Rieck]
2231) Beauty is only skin deep ... but it does attract some attention.
2230) Work with the right people.
2229) A marketing and sales plan addresses these elements: 1] Market research and analysis ... customers, problem, solutions, competition, risk and reward, resources, feasibility ... 2] Opportunity ... 3] Mission ... 4] Business model ... 5] Marketing objectives ... 6] Sales goals ... 7] Competitive advantage strategies ... 8] Positioning strategies ... 9] Target market and customer segments ... 10] Product and service offerings ... 11] Value proposition ... 12] Pricing strategies ... 13] Sales strategies and tactics ... 14] Distribution strategies ... 15] Promotional strategies ... 16] Customer relationship management
2228) Happy, happy, happy ... happy customers, happy employees, and happy suppliers.
2227) Entrepreneurship is a habit ... a good one at that ... make it a habit every day of our lives.
2226) Mental Error: "We don't have any competition!" ... Yes, we do! If we think we don't, we haven't done all of our homework!
2225) Investors will seek anywhere from a 40% to 60% annual rate of return.
2224) Focus on what values our product can bring to its target customers. [Thank you, Ching Lee]
2223) Things that matter most must never be at the mercy of things that matter least ... unfortunately, so many priorities in life are set by what is easier rather than what is best. [Thank you, Johann Wolfgang Goethe]
2222) Anything is possible if we've got the time and money.
2221) Anyone can say they are an entrepreneur ... not everyone can can deliver on that promise.
2220) We should want little ideas as much as big ones.
2219) Business has two basic functions: innovation and marketing. [Thank you, Peter F Drucker]
2218) Our achievements will live longer than us ... let's make sure they're worth that kind of longevity.
2217) Quality is everyone’s responsibility. [Thank you, W Edwards Deming]
2216) Those who won't fill our pockets will fill our ears ... yibidee, yibidee, yibidee. [Thank you, Warren Buffett]
2215) Buy land: they've stopped making it! [Thank you, Mark Twain]
2214) A sale isn't a sale until the check clears the bank ... even then, the customer could still come back for a refund.
2213) Brainstorming: It's a team sport; support our team members! No criticism; no "devil's advocates" allowed! Anything goes; wild, crazy, impractical, ingenious ideas encouraged! Go for quantity, not quality, of ideas! All ideas encouraged! Piggyback, improve, combine ideas ... be an "angel advocate" for our colleagues! Record all ideas so nothing gets lost! Filter ideas later, not during the brainstorming session! et a time limit for the session, then stick to it!
2212) Use it or lose it.
2211) Know what to remember as well as what to forget.
2210) Focus on an industry that is not dominated by just a few players.
2209) Skilled innovators and entrepreneurs are able to imagine.
2208) Improve constantly, and forever. [Thank you, W Edwards Deming]
2207) If we don't give people information, they'll make up something to fill the void. [Thank you, Carla O'Dell]
2206) Someone who is appreciated will always do more than expected ... if you appreciate someone, try saying thank you.
2205) The eraser disappears before the pencil ... is that an opportunity to make bigger erasers or shorter pencils or fewer mistakes?
2204) No matter where we are, we are there, not somewhere else, so make the best of it we are no matter where. [Thank you, Buckaroo Banzai]
2203) If we run out of wood, the fire goes out. [Thank you, Proverbs 26]
2202) A good business plan has facts rather than opinions. [Thank you, ChangeOver]
2201) We can't expect to hit the jackpot if we don’t put a few nickels in the machine. [Thank you, Flip Wilson]
2200) Industry averages can be used to calibrate our numbers, be they good or be they bad ... it is highly unlikely that our venture is going to be an exception to the rule.
2199) Be consistent ... it's the foundation of trust.
2198) Never rely on one or two clients/customers. [Thank you, Ryan Ginstrom]
2197) Demand: customer needs, wants, and desires for particular products and services.
2196) Don't be a macro-boss ... let your people go!
2195) There are moments when everything goes well ... don't be frightened, it won’t last! [Thank you, Jules Renard]
2194) Successful teams are competent in their individual fields.
2193) A potential business model: Consult or provide expertise.
2192) Parent or Adult or Child ... what one should we focus on today?
2191) Judgment: the ability to make considered decisions or come to sensible conclusions ... there is no other single skill we can have as important as good judgment.
2190) The only time we don't fail is the last time we try something and it works. [Thank you, William Strong]
2189) There are 5280 feet in a mile ... the first step is the longest!
2188) Don't bite the hand that feeds us ... treat our customers with the utmost respect.
2187) Have an exit strategy ... for investors, for the venture, for the future.
2186) Don't drift at sea ... if the sharks don't get us, the pirates will.
2185) Employers don't pay the wages, customers do. [Thank you, Henry Ford]
2184) To solve a big problem, break it into pieces, then solve for each of the smaller pieces.
2183) Stand tall.
2182) Beware of myths that sound good but might not be so true ... and there are lots and lots of myths in the worlds of innovation, entrepreneurship, and venture startups!
2181) Promote our venture with share costs with event sponsors.
2180) Incremental change is not the same as incremental improvement.
2179) Deliver: provide something promised ... if we don't deliver the goods, we won't reap the rewards.
2178) A business venture plan must establish an opportunity worth exploiting ... and detail how to accomplish it. [Thank you, Andrew Corbett]
2177) Make something special our specialty.
2176) A new venture may be feasible if it solves a big problem.
2175) Get it in writing. Spoken words are soon forgotten.
2174) Understand our role ... play our part well.
2173) A flow will have an ebb ... a high tide will have a low ... don't get stuck in the mud in the middle.
2172) To learn we must pay attention.
2171) Let people know the topic to be explored before the meeting. [Thank you, Todd Adams]
2170) Promote our venture with symbols.
2169) Silent gratitude isn't much use to anyone. [Thank you, Gertrude Stein]
2168) Maximum Value Product (MVP): a product, service, process, or method designed and developed to deliver a high level of benefits, features, and functionality to customers.
2167) Meet more people.
2166) Beware: far-out projections.
2165) Make our own heaven and enjoy it.
2164) Skilled innovators and entrepreneurs have good judgment.
2163) Key question for our venture: What is our serviceable addressable market?
2162) How can we answer this question: Can we sell subscriptions?
2161) A strong conviction that something must be done is the parent of many bad measures ... but doing something for the right conviction can lead to many good treasures! [Thank you, Daniel Webster]
2160) Time is the most valuable and the most perishable of all our resources. [Thank you, John Randolph]
2159) Every morning, make a list of things that need to be done that day ... then do them! [Thank you, J P Morgan]
2158) Test our assumptions: Ask!
2157) Our get up and go got up and went ... so get up and go make another pot of coffee.
2156) If at first we don’t succeed ... try something else! But before we do, let's make sure we understand why what we just tried didn't work. [Thank you, Laurence J Peter]
2155) There’s many a good tune played on an old fiddle. Many old fiddles have played some pretty good tunes.
2154) Failure is the opportunity to begin again more intelligently ... the key point here is to learn from our mistakes, not repeat them. [Thank you, Henry Ford]
2153) Always be curious ... keep asking, "Why?!" ... if that doesn't work, ask, "Why not?!"
2152) Whatever the mind of a person can conceive and believe, it can achieve ... (within the laws of physics ... but it is fun to push them to the limits). [Thank you, Napoleon Hill]
2151) What’s in it for me? ... crass as that may be, it's often the top motivating force for many decisions, particularly by customers! [Thank you, Chuck Bolotin]
2150) Arrange things differently ... a little change here and there can make for a big difference in perspective.
2149) The end of one thing is the beginning of something else ... exit the old as gracefully as we can. [Thank you, Anne Stringfellow]
2148) Information is easy to come by, inspiration is not.
2147) Treat the name of our venture as if it was our own ... because it is our own!
2146) Dream a little dream ... of me, customers, the future, et al ... and just maybe it should be a big dream, too.
2145) Skilled innovators and entrepreneurs need to be in good health ... if the body starts to go, the mind may go with it.
2144) Elements of a marketing mix ... product, place, position, price, and promotion.
2143) Should we promote our venture with ads in local business magazines.
2142) Any press can be good press, even if it isn't ... but if it isn't, address it quickly and honestly ... win points with the public by taking responsibility, fixing mistakes, and doing what's right.
2141) Give them something unexpected ... (a sandwich shop I like always gives a chocolate chip cookie as an added bonus to every order).
2140) Don't try to change what cannot be changed ... make what's good and already there even better.
2139) Buy used ... when we can get a better deal, but don't cut corners on quality.
2138) Stay in direct contact with our customers ... they are a very important part of our family. [Thank you, Mike Dell]
2137) When writing a business plan, avoid superlatives and strong adjectives ... words like major, incredible, amazing, outstanding, unbelievable, terrific, great, most, best, and fabulous don't have a place in a business plan ... avoid "unique" unless we can demonstrate with facts that the product or service is truly "one of a kind" ... our opportunity is probably not unique. [Thank you, Kaye Vivian]
2136) Thank people who refer prospects to us ... if the referral results in business, send a small, business-related thank-you gift, too.
2135) Train extensively and constantly reinforce the venture culture. [Thank you, Walt Disney]
2134) Good logos are simple, memorable, positive, reproducible, useable, clear, and broad enough to use as our venture grows.
2133) Share ideas.
2132) Ignorance can be educated and crazy can be medicated, but there's no cure for stupid. [Thank you, Steven Stralser]
2131) Strive for excellence ... not perfection. [Thank you, H Jackson Brown]
2130) Any road will do if we don't know where we're going. If we know where we want to go, we can choose the right road to get there.
2129) Ask questions and learn.
2128) Entrepreneurship is a continually iterative process, continuously making something new and better.
2127) Freeze or Boil ... which one describes what we should be doing today?
2126) If we can't measure it, we can't management it.
2125) Keep questioning ... what else?
2124) We make a living by what we get, we make a life by what we give. [Thank you, Winston Churchill]
2123) Beware: liars, cheaters, and stealers ... they are out there!
2122) In the middle of difficulty lies opportunity. [Thank you, Albert Einstein]
2121) Common Mistake: underestimating the time it takes to make a sale.
2120) Do what we like and it’s not work. [Thank you, Holly Joubert]
2119) The future belongs to creative right-brain thinkers. [Thank you, Daniel H Pink]
2118) Can we promote our venture with tape or ribbon?
2117) Get the right people on the bus and in the right seat. [Thank you, Jim Collins]
2116) Get the facts first.
2115) Stop, look, listen ... what do you see and hear?
2114) Common cause of venture death: inferior solutions.
2113) The more choices, the longer the decision ... why the idiot in front of us in the drive-through lane takes so long to place an order.
2112) Beware: stealers ... and they are out there!
2111) Quantity: the amount or number of a material or immaterial thing not usually estimated by spatial measurement.
2110) Everybody who gives us money for our venture wants something in return. [Thank you, Rhonda Abrams]
2109) Simple or Complex ... what should we focus on today?
2108) Don't give up our goals. Yeah, so they're tough. Stop your griping and get back to work!
2107) There is always competition ... always. Please, don't ever say, "We don't have any competition." What you're really saying is that you haven't done enough research to uncover the competition, that you were lazy and sloppy. There is always competition ... your job is to find those little buggers, and find out all there is to find out about them.
2106) Ideas are cheap and plentiful ... it’s that hard work of putting ideas into action that makes the difference.
2105) Embrace our champions ... along the way, we'll find people that genuinely believe in us and our mission; they will cheer us on, root for us, stand by us when things are tough ... we need to embrace them, thank them, keep them close ... they may be all we have at times. [Thank you, Nelson Wang]
2104) Promote our venture by sending a thank you note after a new purchase.
2103) How we say something is as important as what we say.
2102) Skilled innovators and entrepreneurs are emotionally appealing.
2101) Go with the flow ... or swim upstream?
2100) Today or Tomorrow ... what should we focus on today?
2099) Light tomorrow with today. [Thank you, Elizabeth Barrett Browning]
2098) Love will find a way ... like will not.
2097) Successful teams have experience in the industry.
2096) It’s the law of demand and supply, not the other way around. [Thank you, Rick Kash]
2095) People will find a complicated means to perform a simple task. [Thank you, Rube Goldberg]
2094) Try to see things from a different angle. [Thank you, Gloria Gaynor]
2093) When eating an elephant, take one bite at a time. [Thank you, Creighton W Abrams]
2092) When innovation stops, the end is near.
2091) Takeaway: important point you meant to deliver or remember. [Thank you, Forbes]
2090) In God we trust, all others bring cash or a valid credit card!
2089) When we make a mistake, don't look back at it long ... take the reason of the thing into our mind and then look forward ... mistakes are lessons of wisdom ... the past cannot be changed ... the future is yet in our power. [Thank you, Hugh White]
2088) Creativity is a fragile creature, easily wounded, quickly destroyed. A few of the weapons, simple phrases or actions, that can kill creativity include the following ... We don't take any risks around here ... We don't have time ... It would take too long ... We don't have resources ... Well, maybe tomorrow ... It's not my job ... It's not your job ... That's a dumb question ... That's a dumb answer ... The rules are ... You're going to fail ... It would cost too much ... It's impossible ... Why don't you write a report ... It's not your job ... That's been done before ... That's not how we do things around here ... Their ideas don't count ... Your ideas don't count ... Well, maybe next week ... That's a stupid idea ... Yes, but ... Well, maybe next year ... If it ain't broke, don't fix it ... It's good enough already ... We don't have money ... It's never been done before ... We tried that and it didn't work ... I don't like it ... Our customers wouldn't like it ... That's not really creative ... That's crazy ... (Yawn)
2087) Input: a contribution of work, information, money, or material.
2086) Everybody thinks differently ... variety is the spice of life! [Thank you, Justin Archer]
2085) Skilled innovators and entrepreneurs are able to elaborate and explain and envelop.
2084) Grey hairs: slang term for experienced individuals (how they got their grey hairs!) Successful ventures often have a mix of "grey hairs" (experience) and "young 'uns" (new smarts and energy to spare!)
2083) Bait the hook well and the fish will bite.
2082) Right-brain thinking traits ... instinct, art, emotion, imagination, memory, creative, music, qualitative.
2081) Lead by example ... the best way to get a point across is to be the model to emulate. [Thank you, Austin Sams]
2080) Scale it up ... scope it out.
2079) Don't talk about people behind their backs ... if we wouldn't say it when they're standing in front of us, why would we say when they're not?
2078) Get to the point quickly. Shut up. Sit down.
2077) Have a philosophy for our venture ... share it with all, inside and outside!
2076) Marketing: the action or business of identifying, promoting and selling products or services to selected markets.
2075) We have to know what our personal core competencies are ... then go with them! [Thank you, Louise Francesconi]
2074) Brand: a type of product manufactured by a particular company under a particular name; an identifying name and/or mark.
2073) Set a target date to reach break-even. Make it happen.
2072) The fatal law of gravity: when we are down, everything falls down on us. [Thank you, Sylvia T Warner]
2071) Amplify our strengths ... attenuate our weaknesses.
2070) Be the best that we can be. [Thank you, US Army]
2069) Assume rapport until proven otherwise.
2068) Think neatness and visibility when putting a trade show display together. [Thank you, Susan Ward]
2067) Be an Angel Advocate ... build on new ideas, not tear them down. [Thank you, Tom Kelly]
2066) Keep our writing simple.
2065) 1N73LL1G3NC3 15 7H3 4B1L17Y 70 4D4P7 70 CH4NG3. [Thank you, Nathan Christensen]
2064) Give it our best shot.
2063) Credible or Incredible or Uncredible ... which do we need to be?
2062) The future is made in the present. [Thank you, Kelly Andrews]
2061) An average McDonald's generates about $2.5 million revenue per year ... how many McD's is our venture? Or what fraction of one McD?
2060) Actions make history ... the winners of the war get to write the history books.
2059) The trouble with being an optimist is that people think we don't know what's going on. [Thank you, Johnny Carson]
2058) Cap Table: abbreviation for Capitalization Table ... a capitalization table lists who owns what in a startup ... it calculates how the option pool shuffle and seed debt lower the Series A share price.
2057) As we learn this from that, we learn that from this. [Thank you, Joe Driear]
2056) Keep your inner open.
2055) Potential opportunities have potential novelty or newness. [Thank you, IDEO]
2054) GDP measures everything except that which makes life worthwhile. [Thank you, Robert Kennedy]
2053) When it comes to policies, the fewer the better. [Thank you, Dale Dauten]
2052) Praise loudly, blame softly.
2051) Trademark: identifying name or graphical mark that is uniquely identified with a specific product, service or company.
2050) The Pixar Pitch: "Once upon a time ... Every day ... Then, one day ... Because of that ... Because of that ... Until finally ... " The outline for our venture story.
2049) Average Selling Price: the average price at which a particular product or commodity is sold across channels or markets.
2048) Learn a little, learn a lot.
2047) Promote our venture with billboards.
2046) Sometimes it takes a long time to get somewhere.
2045) Skilled innovators and entrepreneurs are resistant to closure.
2044) Ideas are a dime a dozen ... value comes from working the idea to become something useful.
2043) Maybe give them a little sample of our goods? ... if they like them, they'll buy more?
2042) We're only getting older ... and hopefully wiser with the years!
2041) Our gift to a customer: exceptional service. [Thank you, Martin Reed]
2040) Match function to form. form to fit, fit to features, features to feel.
2039) Less is more ... more or less.
2038) Every stumble is not a fall, and every fall does not mean failure. [Thank you, Oprah Winfrey]
2037) Sometimes we move so fast or without much thought that we miss the little things that make a big difference for someone else. [Thank you, Brad Cook]
2036) Tomorrow is another day. [Thank you, Scarlett O'Hara]
2035) You break it, you bought it ... take it home, fix it and make it better, then sell it on eBay for twice what you paid!
2034) Creativity is allowing ourselves to make mistakes ... art is knowing which ones to keep. [Thank you, Scott Adams]
2033) Monitor our environments ... see the rain coming before it gets here!
2032) New ideas hurt some minds like new shoes hurt some feet. [Thank you, Marv Dobkin]
2031) Be sure to taste our words before we spit them out.
2030) Skilled innovators and entrepreneurs are aware and empathetic of the needs of others.
2029) Use personal observations to gather primary research data.
2028) Write a song, a little jingle for our company. [Thank you, N E S T L E S - Nestles makes the very best ... CHOOOOOClate!]
2027) Should we promote our venture with point-of-purchase signs?
2026) Can we promote our venture with attention getters (like novelty handouts, or pens, or ???)
2025) Rock star: abused term of endearment for talented employees. [Thank you, Forbes magazine]
2024) An idea cannot be jailed ... it will escape through the cracks and crevices.
2023) Education is not the filling of a pail ... it's the lighting of a fire. [Thank you, William Butler Yeats]
2022) Innovating is hard work ... and seldom is heard an encouraging word along the way!
2021) Put the surprise where you want the attention. [Thank you, Marty Neumeier]
2020) Our vision will become clear only when we look into our hearts. Who looks outside, dreams. Who looks inside, awakens. [Thank you, Carl Jung]
2019) So here we are ... now what?
2018) A little bait can catch a large fish ... what can we do to hook prospective customers? Give them a sample of what's to come?
2017) Skilled innovators and entrepreneurs are open-minded and accepting of new ideas and perspectives.
2016) Clearly identify our primary competition ... learn all we can from what they do right and what they do wrong.
2015) Time flies like an arrow, fruit flies like a banana. [Thank you, J H Marx]
2014) Follow the yellow brick rubric ... what are the standards we need to meet or beat?
2013) Keep the motor running. [Thank you, Jerry Lee Lewis]
2012) We don't meet the competition, we crush them! [Thank you, Charles Revson]
2011) Look for ways to be more respectful of our customers. Sometimes it's the little things that really count: "Thanks for shopping with us today. We appreciate your business and referrals."
2010) Common Mistake: underestimating the length of time to secure financing ... and underestimating the level of financing needed to become a self-sustaining venture. [Thank you, Andrew Corbett]
2009) When promoting our game, promote our game ... don't compare it to another. [Thank you, Robert Bowling]
2008) To start a new venture, start with TRIM: Team, Resources, Idea, Mission.
2007) Always be nice to bankers ... yes, be nice to everyone, of course ... but especially bankers!
2006) It’s more important to do big things well than to do the small things perfectly. [Thank you, Ray Dalio]
2005) We can't tell how deep a puddle is until we step into it. [Thank you, Gene Kelly]
2004) Adversity reveals genius ... prosperity conceals it. [Thank you, Q H Flaccus]
2003) We can, should, and must add value to everything we do.
2002) Great leaders earn their money when times are tough, not when life is easy. [Thank you, Steve Reichling]
2001) Mind Map: a diagram used to visually outline and organize information. (Mind maps are one of my personal favorite tools for capturing and organizing my thoughts, for taking notes, for outlining, for doodling thoughts, for making connections, for having a little fun brainstorming ... if you'd like to give it a try, try: MindMup.com -Jim)
Next: Tips 2000 - 1501