Tips 2501 to 3000 for Innovators and Entrepreneurs
2501) Don't be discouraged by our mistakes ... unless we keep making the same ones over again.
2502) People may justify decisions with facts, but the facts don't always justify the decision. [Thank you, Dean Rieck]
2503) Innovating and entrepreneuring is an iterating, sometimes irritating, jumping from here to there and back again, activity ... it's rarely as simple as going from A to B .
2504) The Six C's of Credit: Character, Capacity, Capital, Collateral, Conditions, Confidence. [Thank you, SCORE]
2505) Fix faults first.
2506) Add a human touch. [Thank you, Sue Factor]
2507) If nothing went wrong, life would be great ... unfortunately, it ain't necessarily so.
2508) Don’t acquire the next resource until there is an equivalent amount of recurring, bankable revenue to support the associated costs. [Thank you, Scott Miller]
2509) GAAP: abbreviation for Generally Accepted Accounting Principles ... follow the rules when it comes to keep track of our finances and money.
2510) Strategies are the right things to do ... tactics are the right way of doing them. [Thank you, Clay Tatum]
2511) Making a great presentation: Make text and numbers legible ... if we can't read everything, make it larger ... highlight areas where we want the audience to focus. [Thank you, Ian McKenzie]
2512) Successful teams challenge each other.
2513) Brainwriting ... Similar to brainstorming, brainwriting is a where ideas are recorded on paper by each individual who thought of them; they are then passed on to the next person who uses them as a trigger for their own ideas.
2514) Promote our venture with video commercials in stores. Think that'll work?
2515) Listen exceptionally well.
2516) This or That ... what should we focus on today?
2517) Put others first.
2518) Take copious notes. [Thank you, Stacy Perryman]
2519) The reward of a thing well done is to have done it. [Thank you, Ralph Waldo Emerson]
2520) Do something unexpected ... something unexpected good .. surprise our customers in good ways when they least expect it. Give them something special to remember us.
2521) Appearance isn't everything but it's still in first place! [Thank you, Gina Lee]
2522) Sometimes we lead, sometimes we follow, sometimes we get left behind ... then we gotta run like hell to catch up!
2523) There is good and bad in everything ... pros and cons, highs and lows, pluses and minuses, ups and downs.
2524) Beware: pseudo-scientists that sound like they know what they're talking about, but ...
2525) People don't want to be managed ... they want to be led. [Thank you, Ewing M Kauffman]
2526) Nice guys finish fast ... and nice gals, too ... the audience is getting bored after the first 30 seconds ... make your stories short.
2527) Skilled innovators and entrepreneurs are sensible ... usually. Sensibility isn't always a good thing. Sometimes we gotta be wild and crazy and carefree!
2528) Good or Bad or Evil ... what should we focus on today? [I'm gonna go with Good!]
2529) Skilled innovators and entrepreneurs are willing to accept responsibility ... they don't blame others because that would mean they were never running the show in the first place.
2530) A patent is really a license to sue and be sued. [Thank you, Arthur C Clarke]
2531) Say what we mean but don't say it mean.
2532) Call things by their right names ... or we'll really confuse everyone.
2533) Opportunity comes often ... it knocks as often as we have an ear trained to hear it, an eye trained to see it, a hand trained to grasp it, and a head trained to use it. [Thank you, Charles Kemmons Wilson]
2534) You're a nut until you succeed.
2535) Creativity starts when we cut a zero from our budget. [Thank you, Jaime Lerner]
2536) Smell the roses ... a rose by any other name would still smell the same!
2537) Key question for our venture: How can we all best work together?
2538) The SLATE mentoring process ... Suspend judgment; Listen and Learn; Assess and Analyze; Test ideas and Teach with Tools; set Expectations and Encourage the team to build their dream. [Thank you, SCORE]
2539) During a conversation, use first names a bit more than most people would ... without overdoing it!
2540) Rearrange, reverse ... what can be rearranged in some way? ... interchange components? ... another pattern? ... another layout? ... another sequence? ... transpose cause and effect? ... change the pace? ... change the schedule? ... "I can rearrange ... like this ... such that ..."
2541) A business plan brief (also called an expanded executive summary) is typically about 6 pages in length.
2542) Promote our venture with free trials and samples, the "freemium model" to get them hooked, then the "premium model" to get them to pay.
2543) We can never guard against chance. Stuff happens ... sometimes it's actually good, sometimes not.
2544) Skilled innovators and entrepreneurs are adept with numbers.
2545) A designer know she has achieved perfection not when there is nothing left to add, but when there is nothing left to take away. [Thank you, Antoine de Saint-Exupéry]
2546) Let's try hard to irrelevantize the competition. [Thank you, Bob Carter]
2547) Build on our strengths ... mitigate our weaknesses ... recognize our opportunities ... eliminate our threats.
2548) It takes a village to raise a venture.
2549) Strive for excellence always, perfection if we possibly can.
2550) Three key questions from lenders: 1] how much money is needed? 2] how will the money be used? 3] how will the money be paid back?
2551) Slow and steady ... and keep on going.
2552) A good business plan shows how and when the venture will generate sustainable profit. [Thank you, Bill Quiroga]
2553) Realize that there are other points of view ... our customer may not necessarily see things the same way as us. It's crucial that we see things the same way as them.
2554) Great things in life are achieved by passionate people.
2555) That piece of information we have ... is it a WAG, TWAG, SWAG, or Science? (A Wild Ass Guess, a Tempered Wild Ass Guess, a Scientific Wild Ass Guess, or a scientifically-validated fact.) Give the information a credibility score from 0 to 10.
2556) Mistakes are inevitable ... they are a necessary part of learning and skill building, a sign we are active and curious and doing something!
2557) P&L: abbreviation for a Profit and Loss statement, another name for an income statement.
2558) Equity Funding: exchanging an ownership share of a venture for a cash or resource investment.
2559) The quality of an organization can never exceed the quality of the minds that make it up. [Thank you, Harold R McAlindon]
2560) Live by our word ... if our word is worth nothing, what are we? [Thank you, Adam Engst]
2561) Skilled innovators and entrepreneurs are able to find order in chaos.
2562) Say it and mean it ... if we don't mean it, don't say it.
2563) The customer is a rear-view mirror, not a window to the future. [Thank you, George Colony]
2564) Key question for our venture: On what basis can we compete? On what basis should we compete?
2565) Most people follow the crowd ... that's why testimonials and case histories are so influential. [Thank you, Dean Rieck]
2566) Accidents happen with creativity and innovation ... and sometimes we're better off when they do. [Thank you, Robert Austin]
2567) People will buy anything that is "one to a customer"!
2568) Key question for our venture: How do we take advantage of our competitors' weaknesses?
2569) Distribution Channel: the mechanism or method by which a business brings its products to market, or distributes its products to its target customers and generates sales ...
2570) Skilled innovators and entrepreneurs generally are not status seekers.
2571) Beware "consultants" that can't come to a conclusion is a reasonable period of time.
2572) What’s done is done ... we cannot go back, we can only go forward.
2573) Skilled innovators and entrepreneurs are able to solve collision conflicts for which there are no readily apparent solutions.
2574) Promote our venture with special events?
2575) How much equity and debt has our venture raised? ... is it enough to carry us through until we are a stable (consistently breaking even) venture?
2576) Hire people smarter than us. Learn from them.
2577) Traits of leaders who are good at influencing: activation, commanding, communications, competitive, maximizer, self-assured, significance, ability to win over others. [Thank you, Gallup]
2578) A venture must thrive, not just survive ... we must keep looking for new ways to grow.
2579) Every picture tells a story. Use a picture to tell our story.
2580) Feel or Smell or See or Hear or Taste ... try them all!
2581) Respect others ... this is not negotiable.
2582) No one can be right all of the time ... but it helps to be right most of the time. [Thank you, Robert Half]
2583) Mind over matter ...
2584) Plan, but adapt ... don't be stubborn. Listen to what our customers tell us in their response.
2585) GizmoGadget: a small device or tool, especially an ingenious or novel one.
2586) Business in not just about deals, business is about doing great things. [Thank you, Ross Perot]
2587) Key question for our venture: What hats are we all going to wear in our venture?
2588) I fear regret more than I fear failure. [Thank you, Taryn Rose]
2589) Drive out fear so everyone may work effectively. [Thank you, W Edwards Deming]
2590) Good market research is critical to our success.
2591) Do little things well ... it's the little things that can make a big difference.
2592) Skilled innovators and entrepreneurs have a good sense of timing and the time it takes.
2593) Analyze the data, but not while we're still collecting it.
2594) Think big ... really BIG!!
2595) A source of opportunity for innovation is process need. [Thank you, Peter F Drucker]
2596) Opening a new business is easy ... keeping it open is not!
2597) Even if you're the owner, you don't have to be the CEO. [Thank you, Andrew Corbett]
2598) Skilled innovators and entrepreneurs are ethical.
2599) Engage beginners and attract experts. [Thank you, Google]
2600) Everyone is the architect of their own future.
2601) Recognition is often more important than money.
2602) Trust, not always perhaps, but when you must.
2603) The great benefit of the business planning process is that it allows the entrepreneur to articulate the business opportunity to various stakeholders in the most effective manner. [Thank you, William Bygrave,]
2604) Lager or Ale? ... what should we focus on today? What process did we use to make our decision? What process will our customers use to make their decision?
2605) What the eyes see can change what the mind believes ... but sometimes the eyes don't see what they think they see, and that can be a problem.
2606) Spell their name correctly ... get their name wrong and they will naturally assume everything else you have to say or write is wrong, too.
2607) Define our marketspace. Know it or blow it.
2608) Key question for our venture: Can the name of our venture, product, service, or process be legally protected?
2609) Time is a great teacher ... unfortunately, it kills all its pupils. [Thank you, Hector Berlioz]
2610) Customer: a person or organization that pays for goods or services, and therefore our salaries to boot.
2611) We win more votes by energizing our base than by trying to persuade undecided voters ... so be it with current customers versus prospective customers! Repeat orders are typically easier to capture than new orders. [Thank you, John McCain]
2612) Don’t worry, be happy. [Thank you, Bobby McFerrin]
2613) Embrace failure and learn from it.
2614) If it’s easy, everyone will do it. If it's hard, someone will pay us to do it for them!
2615) What if we promote our venture with moving billboards on trucks?
2616) If we're not better, why bother?
2617) Successful teams communicate clearly continuously.
2618) When will our venture achieve profitability?
2619) A gift to yourself: respect. [Thank you, Oren Arnold]
2620) Passion is energy ... feel the power that comes from focusing on what excites us. [Thank you, Oprah Winfrey]
2621) Always keep our spurs on ... get up and go when we gotta go!
2622) The greater the risk, the greater the reward should be ... but often, it is not that way at all.
2623) Promote our venture with samples of our products.
2624) Entrepreneurs are not their own boss ... they report to their customers!
2625) Sit! Stay! Don't bark at anyone!
2626) Position: the state of being placed where one has an advantage over one's rivals in a competitive situation.
2627) Long or Short ... what should we focus on today?
2628) Set aside 15 minutes for community building at every meeting. [Thank you, Todd Adams]
2629) Focus on people, their lives, their work, their dreams. [Thank you, Google]
2630) Common Mistake: top-down forecasting versus setting bottom-up objectives.
2631) Inventing is a combination of brains and materials ... the more brains we use, the less material we need. [Thank you, Charles Kettering]
2632) Let's ask our customers: "Would you recommend our products to your friends and acquaintances?" ... it the answer isn't a fast and automatic "YES", we've got work to do!
2633) Common cause of venture death: burn-out.
2634) These soon will be the good old days. What will our memories be of them?
2635) Over or Under ... what should we focus on today?
2636) Skilled innovators and entrepreneurs are creative in a particular domain.
2637) It's always worthwhile to make others aware of their worth. [Thank you, Malcolm S Forbes]
2638) Bad company corrupts good character.
2639) The timing has to be right ... all the parties involved in the transaction have to be ready to move together.
2640) Good corporate governance should provide incentives for the board and management to pursue objectives that are in the interest of the company and its shareholders. [Thank you, Organisation for Economic Co-operation and Development]
2641) Set aside quiet time every day.
2642) Accounting is an exact science ... finance is not. [Thank you, Mary Durham-Pflibsen]
2643) If our actions inspire others to dream more, learn more, do more, and become more ... we are leaders! [Thank you, Dolly Parton]
2644) The lack of money is the root of all evil. [Thank you, George Bernard Shaw]
2645) Seek advice and alternative perspectives.
2646) Pay commissions instead of salaries, of perhaps a mix.
2647) Let our creative work be our inner friend.
2648) Live or Die ... what should we focus on today?
2649) The majority of patents don’t make any money ... the inventions simply aren’t better that the alternatives.
2650) How to retain customers: refund their money if they are not completely satisfied.
2651) Key question for our venture: Do we regularly track our competitors' moves?
2652) Projections: an estimate or forecast of a future situation or trend based on a study of present ones.
2653) Beware: investors that only want to talk about the financials of a business.
2654) Wake up with determination, go to bed with satisfaction . [Thank you, Martha Vasquez]
2655) Projections are passive ... objectives are active ... set objectives for our venture and responsibilities for making them happen.
2656) Trust only those who stand to lose as much as us if things go wrong.
2657) If it’s to be, it’s up to me ... or us, as is much more likely the case, but us doesn't rhyme so nicely with be as me!
2658) Money comes and goes ... knowledge comes and grows.
2659) Work never hurt anybody.
2660) Sometimes we just can't worry about what someone else thinks about us ... as long as we're doing the right things for the right reasons, we'll be ok.
2661) Make it simple to understand ... hard is easy, easy is hard!
2662) Innovators and entrepreneurs are leaders in their fields.
2663) Be professional.
2664) Can we really execute our venture concept?
2665) Know there's always room for improvement.
2666) Jobs fill your pocket, adventures fill your soul. [Thank you, Vinay Nenwani]
2667) We learn 10% of what we read; 20% of what we hear; 30% of what we see; 50% of what we see and hear; 70% of what we discuss with others; 80%of what we experience personally; and 95% of what we teach to someone else. [Thank you, William Glasser]
2668) Don't use words too big for the subject. [Thank you, C S Lewis]
2669) Go with our strengths, mitigate the weaknesses.
2670) It’s not about the service, it’s about the experience. [Thank you, Howard Schultz]
2671) The best products are those that people don't yet know they want. [Thank you, Roxanne Quimby]
2672) Focus our attention ... practice this critical skill everyday. [Thank you, R A Baron]
2673) Innovation is creative destruction. [Thank you, Adam Smith]
2674) Prepare, and work hard.
2675) Explain things as we would to a close friend or relative who's perfectly intelligent but isn't familiar with our business ... would we tell this person we were, for example, trying to 'incentivise' our staff? . [Thank you, Giulia De Cesare]
2676) Give it a good SWOTT: Strengths, Weaknesses, Opportunities, Threats, and Trends ... a great tool for analyzing the competition, our venture, our new products, our customers ...
2677) Do unto others as we would have them do onto us ... do for others as we would like them to do for us. [Thank you, Luke]
2678) Be sincere, be brief, be seated. [Thank you, F D Roosevelt]
2679) The great tragedy of science: the slaying of a beautiful hypothesis by an ugly fact. [Thank you, Thomas H Huxley]
2680) A revenue model identifies how the venture will earn income and generate profits.
2682) The winner of the war writes the history books. [Thank you, Diego Garcia]
2683) Our idea doesn't have to be big ... it just has to change the world. [Thank you, Spence Silver]
2684) We do not all think the same way.
2685) Obliterate obfuscation! [Thank you, William Zinsser]
2686) A disruptive innovation is a technologically simple innovation in the form of a product, service, or business model that takes root in a market segment that is not attractive to the established leaders in an industry. [Thank you, Clayton M Christensen]
2687) Successful innovators and entrepreneurs recognize the interconnectedness of all things and phenomena. [Thank you, Michael J Gelb]
2688) When talking to people smarter than us, something is bound to rub off.
2689) There is nothing more difficult to carry out, nor more doubtful of success, nor more dangerous to handle than to initiate a new order of things ... the innovator has enemies in all who profit by the old order, and only luke warm defenders in all those who profit by the new order ... this lukewarmness arises partly from the incredulity of mankind, who do not truly believe in anything new until they actually experience it! [Thank you, Niccolò Machiavelli]
2690) Skilled innovators and entrepreneurs are driven by the desire to do.
2691) Customer acquisition cost should not be overwhelming or the venture will die.
2692) Fantasize for fun.
2693) No fair exchange takes place unless both parties benefit. [Thank you, Milton Friedman]
2694) Skilled innovators and entrepreneurs are magical.
2695) Potential venture legal issue: Disclosing inventions without a nondisclosure agreement, or before the patent application is filed. [Thank you, Connie Bagley]
2696) Not everything can be put in order ... but like leaves on a tree, it can still look beautiful.
2697) Time out, Green Bay ... let's make sure we've got the right play ready to make the next first down.
2698) Victory often comes only after many struggles and defeats. [Thank you, Og Mandino]
2699) Dysfunctional teams will fail ... a little disagreement here and there, no big deal ... but beware if it's a regular occurance!
2700) If people are offered something which gives them a reason to act according to their beliefs, they will accept it even on the slightest evidence. [Thank you, Bertrand Russell]
2701) The customer is always right ... even when they're not. If they think they are right, they are right. Either we change or we find new customers.
2702) Illuminate the fog that surrounds us. [Thank you, Henri Matisse]
2703) Improve our skills ... now and forever!
2704) Break down the revenue model by many categories in order to understand how the firm can increase each source of revenue. [Thank you, Andrew Zacharakis]
2705) Continuously solicit feedback from our customers ... their needs, wants, and desires will change over time.
2706) It is simple to make something complex, and complex to make it simple. [Thank you, Thomas A Edison]
2707) Formal or Loose ... what should we focus on today?
2708) Can we lease our products?
2709) Mistakes will teach us a lesson ... but maybe not the right one.
2710) Ready or not, here comes change ... if we missed the boat today, there will be another one tomorrow so let's get packing and ready to go!
2711) Learn: gain or acquire knowledge or skill. [Thank you, Google Dictionary]
2712) Friendships should never be painful to keep up ... make it easy for our customers to consider us friends.
2713) Stakeholder: a person with an interest or concern in something, especially a business venture.
2714) Fit: the right shape and size ... do our solutions fit our customers?
2715) Vision and mission ... what we see in the future, what we do to get there.
2716) Management: the responsibility and process of applying and controlling resources to achieve particular objectives.
2717) If we dream big enough, anything can come true ... (Just kidding, get back to work!). [Thank you, Drew Ellis]
2718) Key question for our venture: What are we fighting for? Is it worth it?
2719) When we're green, we're growing ... when we're ripe, we're not . [Thank you, Ray Kroc]
2720) Learning keeps us young.
2721) The way to succeed is to double our failure rate. [Thank you, Thomas Watson]
2722) Meanness, hardness, and coldness are unforgivable sins. [Thank you, C Benson]
2723) The supreme accomplishment is to blur the line between work and play. [Thank you, Arnold J Toynbee]
2724) Defy time.
2725) Barrier: an obstacle that prevents movement or access. How can we build barriers to keep our competitors at bay?
2726) Hail, Mary ... the game ain't over 'til it's over! [Thank you, Aaron Rodgers]
2727) The Internet allows us to find the precise point of view that matches our own biases, no matter what they may be!
2728) Adventure: daring and exciting activity calling for enterprise and enthusiasm ... innovators and entrepreneurs are constantly creating new venture adventures.
2729) Accredited investor: a term defined by securities laws that delineates investors permitted to invest in certain types of higher risk investments including seed money, limited partnerships, hedge funds, private placements, and angel investor networks. [Thank you, Google Dictionary]
2730) Free advice is worth every cent.
2731) String our pearls on a very strong string.
2732) Key question for our venture: What are the barriers to future competition?
2733) Always be legal, moral, and ethical.
2734) Skilled innovators and entrepreneurs are not random risk takers.
2735) Always keep a pad and pen nearby so we can capture ideas, solutions, and thoughts as they occur.
2736) Entrepreneurship is a life skill.
2737) Start where we are ... it's easier than trying to move somewhere else. [Thank you, Edgar Cayce]
2738) People who fight fire with fire often end up with ashes.
2739) We will be out of cash much sooner than we think ... never enough time or money. [Thank you, Jeffry A Timmons]
2740) Follow chance wherever it takes us! [Thank you, Amanda Congdon]
2741) Lead and they will follow.
2742) Nothing is so infectious as example ... Give our customers samples of our work!
2743) Luck: success or failure apparently brought by chance rather than through one's own actions. [Thank you, Google Dictionary]
2744) Never be idle ...
2745) Supplement our strengths with advisors and consultants.
2746) Entrepreneurship can be taught and learned ... critical is the desire to learn ... the teacher cannot force the student to learn. [Thank you, Heidi M Neck]
2747) Actions speak louder than words.
2748) Traits of leaders who are good at strategic thinking: analytical, contextual, futuristic, idea generation, input seeking, intellectual, learner, strategic overview. [Thank you, Gallup]
2749) Do it right the first time, so we don't have to do it again.
2750) Who, What, Where, When, Why, How? ... the six most powerful questions in the world! Keep asking around.
2751) Skilled innovators and entrepreneurs have exceptional conceptual abilities.
2752) Machines should work, people should think. [Thank you, IBM]
2753) When writing an ad, use sentences of no more than twelve words. [Thank you, David Ogilby]
2754) There are two things that people want more than sex and money: recognition and praise. [Thank you, Mary Kay Ash]
2755) A source of opportunity for innovation is the unexpected success or failure of some outside event. [Thank you, Peter F Drucker]
2756) Improvement always pays.
2757) I haven’t failed ... I just found 1,000 ways that don't work. [Thank you, Thomas Alva Edison]
2758) As we think, so shall we be. [Thank you, Wayne Dyer]
2759) I yam what's I yam and that's all what's I yam. [Thank you, Popeye]
2760) Entrepreneurial Myth: the growth of a start-up depends more on an entrepreneur’s talent than on the type of business ... both are important, but we'll be less likely to succeed if we're in the wrong business. [Thank you, Scott Shane]
2761) Give rewards for referrals.
2762) Aim at nothing and we'll hit it every time.
2763) Balance centers us.
2764) Great team members have complementary skills and collaborative styles. [Thank you, Hudson Mota de Alcantara]
2765) When nothing is sure, everything is possible. [Thank you, Margaret Drabble]
2766) Develop: cause to become more mature, advanced, or elaborate.
2767) Reserve ignorance for the things we know nothing about.
2768) Be clear.
2769) Clowns to the left of us ... jokers to the right! [Thank you, Gerry Rafferty]
2770) It is the best of times to start a new business. [Thank you, Joann MacMaster]
2771) An alpha version of a new product is typically in the lab and just seen by venture insiders.
2772) Research is the process of going up alleys to see if they are blind. [Thank you, Marston Bates]
2773) Seek to learn from the best practices in our industry.
2774) It ain’t work if we like it.
2775) Want to get rich quick? Buy some lottery tickets.
2776) Have a plan to deal with the unexpected ... because the unexpected is going to deal with our plan!
2777) Stay cool and calm. It'll go away, eventually.
2778) Show we're interested.
2779) Promote our venture with specialty items?
2780) Key question for our venture: Do we take advantage of competitive opportunities? How?
2781) Skilled innovators and entrepreneurs are a lively bunch.
2782) If we tell the truth we don't have to remember anything. [Thank you, Mark Twain]
2783) Put everything we've got in a catalog ... let our customers pick what they want ... next catalog, take out the stuff that doesn't sell and replace it with new stuff.
2784) Everything is good for something.
2785) Successful entrepreneurs often prefer to operate in a more established and structure business environment. [Thank you, Lynda Applegate]
2786) Success is based on partnerships. [Thank you, Bill Gates]
2787) Promote our venture with charitable volunteerism?
2788) And you ask “What if I fall?" Oh but my darling, what if you fly?. [Thank you, Erin Hanson]
2789) There's a sucker born every minute. Hope it's not us!
2790) Entrepreneurs have a knack for looking at the usual and seeing the unusual. [Thank you, D G Mitton]
2791) Skilled innovators and entrepreneurs possess a vivid imagination.
2792) Life is not fair. [Thank you, Paris Hilton]
2793) Focus on what we want to have happen. [Thank you, Bob Parsons]
2794) Go where our customers are and our competitors aren't.
2795) Ignorance is the root of misery.
2796) Solution: products, services, or processes designed to meet particular need, wants, and desires.
2797) Successful entrepreneurs have an ability to develop and execute a business vision and strategy. [Thank you, Lynda Applegate]
2798) An effective brand provides a shortcut for our customers ... it helps customers quickly understand who we are, what we do, and our place in the marketspace. [Thank you, Leslie Bromberg]
2799) The only people who find what they are looking for in life are the fault finders. [Thank you, Robert Foster]
2800) Ants make a big hill one grain at a time. [Thank you, Vera Shury]
2801) Buzz marketing: using high-profile entertainment or news to get people to recognize a brand. [Thank you, Andrew Corbett]
2802) Don't go over someone's head without talking to them first ... don't be a jerk, it's not becoming.
2803) Beware the charming narcissist. [Thank you, Nina W Brown]
2804) Always smile ... smiles are contagious. [Thank you, Jared Erman]
2805) Respect the rules ... break them when and if needed.
2806) Sometimes we become so enchanted with new customers we forget our old friends. [Thank you, Dorothy Gaiter]
2807) Good wares make good markets. [Thank you, Nicholas Breton]
2808) Product, place, price, promotion ... the "P's of Marketing"
2809) Spring forward, fall back.
2810) It takes twenty years to build a good reputation and five minutes to ruin it.
2811) How to kill creativity, just say: "Well, maybe tomorrow ..."
2812) Should we promote our venture with gifts and premiums for our customers?
2813) Might we promote our venture with city/regional magazine advertising?
2814) Praise a job well done. [Thanks, mom]
2815) Wish or Work ... what should we focus on today?
2816) Skilled innovators and entrepreneurs are intense little buggers, always running around looking for something to break and fix, some opportunity to do good in the world. Little buggers, they are!
2817) Not every new start-up venture is going to be a home run. Unfortunately, the vast majority are not.
2818) Promote our venture with event sponsorship? Will that work?
2819) Characteristics of successful business ventures: compelling, executable venture plan; significant market potential; growth markets and industry; scalable concept; capable team; incrementally innovative ideas.
2820) Two steps forward, one step back ... we'll still make it home.
2821) Tell powerful stories that reinforce the principles and practices of innovation in our venture. [Thank you, S A Buckler]
2822) Science: the intellectual and practical activity encompassing the systematic study of the structure and behavior of the physical and natural world through observation and experiment.
2823) Beware of all enterprises that require new clothes ... let's go where we are comfortable going dressed as we are. [Thank you, Henry David Thoreau]
2824) Garbage to one, treasure to another.
2825) If we think we're going beat the established competition with a lower price, think again ... the competition has been around for a while. If they feel threatened, they'll just lower their price and squish us like a bug. But if we do something new and better, something innovative, they'll have a much harder time keeping up with us!
2826) It takes an army to win a war. [Thank you, Dan Janes]
2827) Low-hanging fruit: a thing or person that can be won, obtained, or persuaded with little effort.
2828) What we read, see, and hear ain't necessarily so. Take a closer look.
2829) Give a positive push ... a smile, a kind word, appreciation.
2830) Negotiation: Discuss issues on which we're pretty sure we'll agree first. [Thank you, William N Yeomans]
2831) Trust is something earned ... and that is usually hard work to do.
2832) One adventure will lead to another
2833) Forecasting is very difficult, especially it it’s about the future. [Thank you, Niels Bohr]
2834) Don't be content being average ... average is as close to the bottom as it is to the top! [Thank you, David Smith]
2835) School: taught a lesson, given a test ... Life: given a test, taught a lesson.
2836) Entrepreneurs are motivated by the five C’s: challenge, creativity, control, celebrity, and cash.
2837) Describe the buying process by customers in this industry ... How strong is buyer power? . [Thank you, Patty Sias]
2838) Have passion, build our skills, and luck will find us.
2839) Imitate other successful ventures ... do what they do right, don't do what they do wrong.
2840) Finance: monetary support for an enterprise.
2841) We must not rust. [Thank you, Clara Barton]
2842) Never outgrow fun, because that's no fun.
2843) People find fault with things they don't understand.
2844) Small things make perfection, but perfection is no small thing. [Thank you, Henry Royce]
2845) Learning from from the past helps eliminate mistakes in the future.
2846) Be careful what we show ... keep the dirty laundry hidden away.
2847) Fanatic: someone filled with obsessive and single-minded zeal ... do what we can to create our own fanatic customers.
2848) Make them feel really special because they are.
2849) Competitor, or potential collaborator, or potential customer?
2850) Chart our own course ... but that doesn't mean we can't look at how those that went before us got there.
2851) Common Mistake: not understanding our key revenue drivers.
2852) A new venture may be feasible if it is competitively unique.
2853) Logic will get us from A to B ... imagination will take us everywhere. [Thank you, Albert Einstein]
2854) How to attract new customers: offer them something free.
2855) Embrace our naysayers ... use their doubt as a source of motivation. [Thank you, Nelson Wang]
2856) It's amazing what we can do when we put our mind to it. [Thank you, R Buckminster Fuller]
2857) Use the most reliable sources to get the most reliable information.
2858) Key question for our venture: Why do we need to develop financial objectives and budgets?
2859) Things can always get better ... or not. It's up to us.
2860) Genius is the ability to reduce the complicated to the simple. [Thank you, C W Cerar]
2861)How to fail: be overconfident.
2862) Be true and truthful.
2863) Focus on an industry that is economically healthy.
2864) Tell it like it is.
2865) Don't let words get in the way of action.
2866) There is no happiness without action!
2867) There are three parts to every good solution: the product, the service, and the process.
2868) Coaching leadership style ... a one-on-one style that focuses on developing individuals, showing them how to improve their performance, and helping to connect their goals to the goals of the venture. [Thank you, Daniel Goleman]
2869) Series A: the first round of financing given to a new business once seed capital has already been provided.
2870) Stock options make employees think like owners.
2871) Website for small business help and information: www.sba.gov ... Small Business Administration
2872) Innovate or die ... if we don't keep creating something new and better, how will we survive when our competition does?
2873) Spend less money than we have.
2874) Spend only when it's necessary.
2875) Have some wine and cheese ... savor the combination ... describe what you're tasting, trigger new word combinations ... suggestion: red wine, hard cheese; white wine, soft cheese.
2876) C Corporation: a common legal form of organization for a company.
2877) Free Cash: the cash generated beyond what is needed to purchase assets and keep the company growing.
2878) Don't worry about winning awards.
2879) Go with the odds ... nothing is for certain, go where the getting is good.
2880) Continuous innovation is our most important competitive advantage.
2881) Change the way someone does something ... for the better!
2882) Changing momentum takes power.
2883) How we spend our days is how we spend our lives. [Thank you, Annie Dillard]
2884) Key question for our venture: Are we confident that our intellectual property does not violate the rights of a third party?
2885) R – E – S – P – E – C – T ... earn it, give it. [Thank you, Aretha Franklin]
2886) Common Mistake: top-down rather than bottom-up objectives. [Thank you, Andrew Zacharakis]
2887) Successful teams have a collective sense of humor.
2888) Promote our venture with letterhead paper.
2889) When we lose, learn a lesson.
2890) Create new products.
2891) How to improve our financial bottom line: lower our expenses.
2892) Breadth: wide range or extent.
2893) Key question for our venture: What is our social media strategy?
2894) Look for ways to profit from the changes and disruptions around us.
2895) Learn by doing ... eventually we'll get it right, hopefully sooner than later.
2896) Pleasure in the job puts perfection in the work. [Thank you, Aristotle]
2897) Tell them a story ... our prospective customers will listen to a friendly story longer than a hard-sell pitch.
2898) Ideas are like rabbits ... we get a couple and learn how to handle them, and pretty soon we have a dozen! [Thank you, John Steinbeck]
2899) Set priorities, then carry them out in order.
2900) List our core competencies. Anything missing? Something not needed?
2901) How to fail: be overconfident.
2902) Mission: something important carried out for a particular purpose.
2903) Rather than being truly novel, most new businesses are built on a product that has improved performance, price, distribution, quality or service. [Thank you, William Bygrave]
2904) Everyone is a genius at least once a year ... the real geniuses simply have their bright ideas closer together. [Thank you, Georg C Lichtenberg]
2905) It too shall pass.
2906) Tip for creating a good venture plan: Establish the market opportunity.
2907) We can resist an invading army ... we cannot resist an idea whose time has come. [Thank you, Victor Hugo]
2908) Just getting going is a great first step. More will follow.
2909) Strike while the iron is hot ... the opportunity may quickly turn cold.
2910) Promote our venture with two-for-one offers?
2911) Choose business partners who are strong where we are weak.
2912) We can have everything in life we want, if we will just help other people get what they want. [Thank you, Zig Ziglar]
2913) To know, we must do.
2914) Skilled innovators and entrepreneurs are willing to take calculated risks ... carefully evaluated risks, not wild-ass jumps into space.
2915) Plan: detailed proposal for doing or achieving something.
2916) Charm is the ability to create extraordinary rapport that makes others feel exceptional. [Thank you, Brian Tracy]
2917) If we really believe in what we're doing, we should put our name on it. [Thank you, James Dyson]
2918) Scientific Method: a method or procedure consisting of systematic observation, measurement, and experiment, and the formulation, testing, and modification of an hypotheses ...
2919) Angel investors and venture capitalists would (ideally) like a 5 to 20 times return on their money in five years.
2920) It takes two to tango.
2921) Making a great presentation: Use visuals pictorially ... graphs, pictures of equipment, flow charts give the viewer an insight that would require many words or numbers. [Thank you, Ian McKenzie]
2922) Key question for our venture: Does our advertising grab viewer/reader/listener attention?
2923) Key question for our venture: Do we know the myths and realities of entrepreneurship?
2924) Tact is the knack of making a point without making an enemy. [Thank you, Isaac Newton]
2925) Make the best of a bad situation.
2926) Gross margin is the most important number on the income statement. [Thank you, Norm Brodsky]
2927) Keep moving forward! [Thank you, Walt Disney]
2928) Just because the monkey is off our back doesn't mean the circus has left town.
2929) What customers look for in a product or service: recognizable brand; wanted features; desired benefits; competitive price; purchase and delivery convenience; relationship with the venture; social impact of the purchase; durability; maintenance requirements; product and service quality; perceived value; delivery time; image and style; product performance.
2930) Leadership: hold by the hand, show how it is done.
2931) Key question for our venture: Who is going to wear which hats in our venture, and for how long? ... common hats in a startup venture: general manager, product development manager, marketing and sales manager, operations manager, finance manager.
2932) Opportunity comes, sooner or later ... so that it doesn't get lost in the forest, we often have to go find it.
2933) Equity: common and preferred stocks, which represent a share in the ownership of a company.
2934) A river begins with a drop of water ... a fortune with the first dollar.
2935) Business Model Canvas Checklist: The Offering: 1] Value Proposition ... The Customer: 2] Customer Segments; 3] Channels; 4] Customer Relationships ... The Infrastructure Portion: 5] Key Activities; 6] Key Resources; 7] Key Partners ... The Financial Viability Portion: 8] Cost Structure; 9; Revenue Streams. [Thank you, Alexander Osterwalder and Yves Pigneur]
2936) Innovate ... we have no choice.
2937) It always takes more time and money.
2938) We must take risks when experimenting. [Thank you, Tove Jansson]
2939) Keep improving our customer experience ... the best way to win loyal customers is to become their best friend and not screw up once we do.
2940) Focus only on the present ... stop regretting the past; stop worrying about the future! [Thank you, Nelson Wang]
2941) Common cause of venture death: lack of customers.
2942) Locate our business where there are industry-specific resources gathered together in one "cluster" that can lead to a competitive advantage ... think Silicon Valley or the Napa wine country. [Thank you, Michael Porter]
2943) A race horse that can run a mile a few seconds faster is worth twice as much. [Thank you, John Hess]
2944) Beta Test: a trial of machinery, software, or other products, in the final stages of its development, carried out by a party unconnected with its development.
2945) Compare similar data from multiple sources to see the data converges, or not.
2946) Striving for excellence puts wind in our sails ... but striving for perfection takes it out! [Thank you, Harriet Braiker]
2947) Beware: there are lots of fake "investors" out there.
2948) Put to another use ... how can we put our something to different or other uses? ... new ways to use it as is? ... other uses if it is modified? ... "I can reuse ... in this way ... by ..."
2949) Innovation is finding new possibilities in old situations. [Thank you, J G Saxe]
2950) EBITDA is what counts the most.
2951) If we dare to fail, we won't fail to dare .
2952) We remember giving longer than we remember getting.
2953) Past, present, and future. The only sure thing is now.
2954) Share, share alike, and share differences.
2955) Key question for our venture: Do our promotional efforts and messages provide a clear path to action by the viewer/reader/listener?
2956) I don’t know anything about Chevys, but I can tell you all about Fords. [Thank you, Jim Click]
2957) Be aware of our situations.
2958) Key question for our venture: What is written without effort is generally read without pleasure. [Thank you, Samuel Johnson]
2959) When trying to create something new we have to do something different to get it to happen ... don't make life too comfortable for our creative colleagues; keep them on the edge. [Thank you, Paul Robertson]
2960) Problems cannot be solved by thinking within the framework in which the problems were created. [Thank you, Albert Einstein]
2961) Readiness is it.
2962) High expectations are the key to everything. [Thank you, Sam Walton]
2963) The only limits are those of vision. [Thank you, James Broughton]
2964) Be worthy of people's trust. [Thank you, Google]
2965) Many great thoughts come while walking ... go take a hike!
2966) Window of Opportunity: the length of time in which a problem exists without a viable solution.
2967) Will existing investors participate in future investments?
2968) Take the right perspective ... Rather than telling a colleague, "You look good in that suit," tell them, "That suit looks good on you.". [Thank you, Dale Carnegie]
2969) Timing sets the tone.
2970) Use humor but not at someone else's expense.
2971) Everyone has a purpose ... we are not here by mistake. [Thank you, Ben Morrow]
2972) We are always representing our venture to the public ... careful we're not caught with our pants down.
2973) She who has a why can endure any how. [Thank you, Friedrich Nietzsche]
2974) Time is our most precious possession.
2975) Beware: big talkers.
2976) Alpha Test: a trial of machinery, software, or other products carried out by a developer before a product is made available for beta testing.
2977) To estimate the revenues of a company, multiply the number of full-time employees by $150,000 ... while this is a gross estimation, it is useful for providing a quick order-of-magnitude guess. [Thank you, Guy Hagan]
2978) Employees tend to rise to their level of incompetence.
2979) The internal combustion engine is a hard act to follow.
2980) Listen as if we are wrong. [Thank you, K Weick]
2981) How can we answer this question: Would we pay good money to use our products or services? ... If not, why would we expect anyone else to?
2982) Key question for our venture: How do we plan to scale our venture in the next 12 months?
2983) Just because someone says they are a something doesn't make them a something.
2984) Successful business ventures continually introduce new product, service, process, and positioning innovations; they keep improving internal and external transformation methodologies; and they continually monitor goal and objective achievements ... innovators and entrepreneurs are wise to closely follow these core concepts.
2985) Key question for our venture: Does our venture possess a uniqueness that easily separates it from my competitors? ... What, specifically, is it?
2986) 80% of the effects come from 20% of the causes ... let's be sure to focus on that 20% that will have the most effect on our venture. [Thank you, Vilfredo Pareto: The Famous 80/20 Rule of Thumb]
2987) Life is short: break the rules, forgive quickly, kiss slowly, love truly, laugh uncontrollably, and never regret anything that made us smile! [Thank you, Anna Robinson]
2988) Types of risks: competition, market, technology, product, execution, opportunity costs.
2989) Green flag: GO!
2990) Laughter is an instant vacation. [Thank you, Bob Hope]
2991) Make sure that our message is typo free.
2992) Easy to suggest solutions when we don’t know too much about the problem. [Thank you, Malcolm Forbes]
2993) While creativity is the generation of new ideas, which we have in abundance, innovation is the successful exploitation of them. [Thank you, George Cox]
2994) A little knowledge is a dangerous thing ... it's not the complete story.
2995) Skilled innovators and entrepreneurs are loaded with energy.
2996) Competitors help validate the market ... they can make a path through a dense jungle which we can follow with a lot less fear than they who go first!
2997) Key question for our venture: What is the cost of acquiring a new customer? ... the cost of retaining an old customer?
2998) Leadership is the art of getting others to do something we want done because they want to do it. [Thank you, Dwight D Eisenhower]
2999) Gaining someone’s trust is an awesome feeling ... don't blow it.
3000) Nothing beats cute animals. [Thank you, L C Bensinger]
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