3000 - 2501
Tips 3000 to 2501 for Innovators and Entrepreneurs ...
3000) Nothing beats cute animals in advertising. [Thank you, L C Bensinger]
2999) Gaining someone’s trust is an awesome feeling ... don't blow it.
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]
2997) Key questions for our venture: What is the cost of acquiring a new customer? What is the cost of retaining our current customers?
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 those who went first!
2995) Skilled innovators and entrepreneurs are loaded with energy.
2994) A little knowledge is a dangerous thing ... it's usually not the complete story.
2993) While creativity is the generation of new ideas, which we have in abundance, innovation is the successful application of them. [Thank you, George Cox]
2992) Easy to suggest solutions when we don’t know too much about the problem. [Thank you, Malcolm Forbes]
2991) Make sure that our printed message is typo free.
2990) Laughter is an instant vacation. [Thank you, Bob Hope]
2989) Green flag: GO!
2988) Types of risks: competition, market, technology, product, execution, opportunity costs, timing, resources.
2987) Life is short: break a few rules, forgive quickly, kiss slowly, love truly, laugh uncontrollably, and never regret anything that made us smile! [Thank you, Anna Robinson]
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]
2985) Key question for our venture: Does our venture possess a uniqueness that easily separates it from my competitors? What, specifically, is that?
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.
2983) Just because someone says they are a something doesn't make them a something.
2982) Key question for our venture: How do we plan to scale our venture in the next 12 months?
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?
2980) Listen as if we are wrong. [Thank you, K Weick]
2979) The internal combustion engine is a hard act to follow.
2978) Employees tend to rise to their level of incompetence.
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]
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.
2975) Beware: big talkers.
2974) Time is our most precious possession ... it cannot be replaced.
2973) She who has a why can endure any how. [Thank you, Friedrich Nietzsche]
2972) We are always representing our venture to the public ... careful we're not caught with our pants down.
2971) Everyone has a purpose ... we are not here by mistake. [Thank you, Ben Morrow]
2970) Use humor but not at someone else's expense.
2969) Timing sets the tone.
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]
2967) Will existing investors participate in future investments?
2966) Window of Opportunity: the length of time in which a problem exists without a viable solution.
2965) Many great thoughts come while walking ... go take a hike!
2964) Be worthy of people's trust. [Thank you, Google]
2963) The only limits are those of vision. [Thank you, James Broughton]
2962) High expectations are the key to everything. [Thank you, Sam Walton]
2961) If a million people say a foolish thing, it is still a foolish thing. [Thank you, Anatole France]
2960) Problems cannot be solved by thinking within the framework in which the problems were created. [Thank you, Albert Einstein]
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]
2958) What is written without effort is generally read without pleasure. [Thank you, Samuel Johnson]
2957) Be aware of our situations.
2956) I don’t know anything about a Chevy, but I can tell you all about a Ford. [Thank you, Jim Chalikian]
2955) Key question for our venture: Do our promotional efforts and messages provide a clear path to action by the viewer/reader/listener?
2954) Share, share alike, and share differences.
2953) Past, present, or future ... the only sure thing is now.
2952) We remember giving longer than we remember getting.
2951) If we dare to fail, we won't fail to dare .
2950) EBITDA is what counts the most.
2949) Innovators find new possibilities in old situations. [Thank you, John Godfrey Saxe]
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 ..."
2947) Beware: there are lots of fake "investors" out there.
2946) Striving for excellence puts wind in our sails, but striving for perfection takes it out! [Thank you, Harriet Braiker]
2945) Compare similar data from multiple sources to see the data converges, or not.
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.
2943) A race horse that can run a mile a few seconds faster is worth twice as much. [Thank you, John Hess]
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]
2941) Common cause of venture death: lack of customers.
2940) Focus only on the present ... stop regretting the past; stop worrying about the future! [Thank you, Nelson Wang]
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.
2938) We must take risks when experimenting. [Thank you, Tove Marika Jansson]
2937) It always takes more time and money.
2936) Innovate ... we have no choice.
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]
2934) A river begins with a drop of water ... a fortune with the first dollar.
2933) Equity: common and preferred stocks, which represent a share in the ownership of a company.
2932) Opportunity comes, sooner or later ... so that it doesn't get lost in the forest, we often have to go find it.
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.
2930) Leadership: hold by the hand, show how it is done.
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.
2928) Just because the monkey is off our back doesn't mean the circus has left town.
2927) Keep moving forward! [Thank you, Walt Disney]
2926) Gross margin is the most important number on the income statement. [Thank you, Norm Brodsky]
2925) Make the best of a bad situation.
2924) Tact is the knack of making a point without making an enemy. [Thank you, Isaac Newton]
2923) Key question for our venture: Do we know the myths and realities of entrepreneurship?
2922) Key question for our venture: Does our advertising grab viewer/reader/listener attention?
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]
2920) It takes two to tango.
2919) Angel investors and venture capitalists would (ideally) like a 5 to 20 times return on their money in five years.
2918) Scientific Method: a method or procedure consisting of systematic observation, measurement, and experiment, and the formulation, testing, and modification of an hypotheses ...
2917) If we really believe in what we're doing, we should put our name on it. [Thank you, James Dyson]
2916) Charm is the ability to create extraordinary rapport that makes others feel exceptional. [Thank you, Brian Tracy]
2915) Plan: detailed proposal for doing or achieving something.
2914) Skilled innovators and entrepreneurs are willing to take calculated risks ... carefully evaluated risks, not wild-ass jumps into space.
2913) To know, we must do.
2912) We can have everything in life we want, if we will just help other people get what they want. [Thank you, Zig Ziglar]
2911) Choose business partners who are strong where we are weak.
2910) Promote our venture with two-for-one offers?
2909) Strike while the iron is hot ... the opportunity may quickly turn cold.
2908) Just getting going is a great first step. More will follow.
2907) We can resist an invading army ... we cannot resist an idea whose time has come. [Thank you, Victor Marie Hugo]
2906) Tip for creating a good venture plan: Establish the market opportunity.
2905) It too shall pass.
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]
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]
2902) Mission: something important carried out for a particular purpose.
2901) How to fail: be overconfident.
2900) List our core competencies. Anything missing? Something not needed?
2899) Set priorities, then carry them out in order.
2898) Ideas are like rabbits ... we get a couple, learn how to handle them, and pretty soon we have a dozen! [Thank you, John Ernst Steinbeck Jr]
2897) Tell them a story ... our prospective customers will listen to a friendly story longer than a hard-sell pitch.
2896) Pleasure in the job puts perfection in the work. [Thank you, Aristotle]
2895) Learn by doing ... eventually we'll get it right, hopefully sooner than later.
2894) Look for ways to profit from the changes and disruptions around us.
2893) Key question for our venture: What is our social media strategy?
2892) Cheshmâtun ghashang mibine. [Thank you, Pouria Valley]
2891) How to improve our financial bottom line: lower our expenses.
2890) Create new products.
2889) When we lose, learn a lesson.
2888) Promote our venture with letterhead paper.
2887) Successful teams have a collective sense of humor.
2886) Common Mistake: top-down projections rather than bottom-up objectives. [Thank you, Andrew Zacharakis]
2885) R – E – S – P – E – C – T ... earn it, give it. [Thank you, Otis Ray Redding Jr]
2884) Key question for our venture: Are we confident that our intellectual property does not violate the rights of a third party?
2883) How we spend our days is how we spend our lives. [Thank you, Annie Dillard]
2882) Changing momentum takes power.
2881) Change the way someone does something ... for the better!
2880) Continuous innovation is our most important competitive advantage.
2879) Go with the odds ... nothing is for certain, go where the getting is good.
2878) Don't worry about winning awards.
2877) Free Cash: the cash generated beyond what is needed to purchase assets and keep the company growing.
2876) C Corporation: a common legal form of organization for a company.
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.
2874) Spend only when it's necessary.
2873) Spend less money than we have.
2872) Innovate or die ... if we don't keep creating something new and better, how will we survive when our competition does?
2871) Website for small business help and information: www.sba.gov ... Small Business Administration
2870) Stock options make employees think like owners.
2869) Series A: the first round of financing given to a new business once seed capital has already been provided.
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]
2867) There are three parts to every good solution: the product, the service, and the process.
2866) There is no happiness without action!
2865) Don't let words get in the way of action.
2864) Tell it like it is.
2863) Focus on an industry that is economically healthy.
2862) Be true and truthful.
2861)How to fail: be overconfident.
2860) Genius is the ability to reduce the complicated to the simple. [Thank you, Kurt Wilhelm Marek]
2859) Things can always get better ... or not. It's up to us.
2858) Key question for our venture: Why do we need to develop financial objectives and budgets?
2857) Use the most reliable sources to get the most reliable information.
2856) It's amazing what we can do when we put our mind to it. [Thank you, R Buckminster Fuller]
2855) Embrace our naysayers ... use their doubt as a source of motivation. [Thank you, Nelson Wang]
2854) How to attract new customers: offer them something free.
2853) Logic will get us from A to B ... imagination will take us everywhere. [Thank you, Albert Einstein]
2852) A new venture may be feasible if it is competitively unique.
2851) Common Mistake: not understanding our key revenue drivers.
2850) Chart our own course ... but that doesn't mean we can't look at how those that went before us got there.
2849) Competitor, or potential collaborator, or potential customer?
2848) Make them feel really special because they are.
2847) Fanatic: someone filled with obsessive and single-minded zeal ... do what we can to create our own fanatic customers.
2846) Be careful what we show ... keep the dirty laundry hidden away.
2845) Learning from from the past helps eliminate mistakes in the future.
2844) Small things make perfection, but perfection is no small thing. [Thank you, Henry Royce]
2843) People find fault with things they don't understand.
2842) Never outgrow fun, because that's no fun.
2841) We must not rust. [Thank you, Clarissa Harlowe Barton]
2840) Finance: monetary support for an enterprise.
2839) Imitate other successful ventures ... do what they do right, don't do what they do wrong.
2838) Have passion, build our skills, and luck will find us.
2837) Describe the buying process by customers in this industry ... How strong is buyer power? . [Thank you, Patty Sias]
2836) Entrepreneurs are motivated by the five C’s: challenge, creativity, control, celebrity, and cash.
2835) School: taught a lesson, given a test ... Life: given a test, taught a lesson.
2834) Don't be content being average ... average is as close to the bottom as it is to the top! [Thank you, David Smith]
2833) Forecasting is very difficult, especially it it’s about the future. [Thank you, Niels Bohr]
2832) One adventure will lead to another
2831) Trust is something earned ... and that is usually hard work to do.
2830) Negotiation: Discuss issues on which we're pretty sure we'll agree first. [Thank you, William N Yeomans]
2829) Give a positive push ... a smile, a kind word, appreciation.
2828) What we read, see, and hear ain't necessarily so. Take a closer look.
2827) Low-hanging fruit: a thing or person that can be won, obtained, or persuaded with little effort.
2826) It takes an army to win a war. [Thank you, Dan Janes]
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!
2824) Garbage to one, treasure to another.
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]
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.
2821) Tell powerful stories that reinforce the principles and practices of innovation in our venture. [Thank you, S A Buckler]
2820) Two steps forward, one step back ... we'll still make it home.
2819) Characteristics of successful business ventures: compelling, executable venture plan; significant market potential; growth markets and industry; scalable concept; capable team; incrementally innovative ideas.
2818) Promote our venture with event sponsorship? Will that work?
2817) Not every new start-up venture is going to be a home run. Unfortunately, the vast majority are not.
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!
2815) Wish or Work ... what should we focus on today?
2814) Praise a job well done. [Thanks, mom]
2813) Might we promote our venture with city/regional magazine advertising?
2812) Should we promote our venture with gifts and premiums for our customers?
2811) How to kill creativity, just say: "Well, maybe tomorrow ..."
2810) It takes twenty years to build a good reputation but five minutes to ruin it. [Thank you, Warren Buffett]
2809) Spring forward, fall back.
2808) Product, place, price, promotion ... the "P's of Marketing"
2807) Good wares make good markets. [Thank you, Nicholas Breton]
2806) Sometimes we become so enchanted with new customers we forget our old friends. [Thank you, Dorothy Gaiter]
2805) Respect the rules ... break them when and if needed.
2804) Always smile ... smiles are contagious. [Thank you, Jared Erman]
2803) Beware the charming narcissist. [Thank you, Nina W Brown]
2802) Don't go over someone's head without talking to them first ... don't be a jerk, it's not becoming.
2801) Buzz marketing: using high-profile entertainment or news to get people to recognize a brand. [Thank you, Andrew Corbett]
2800) Ants make a big hill one grain at a time. [Thank you, Vera Shury]
2799) The only people who find what they are looking for in life are the fault finders. [Thank you, Robert Foster]
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]
2797) Successful entrepreneurs have an ability to develop and execute a business vision and strategy. [Thank you, Lynda Applegate]
2796) Solution: products, services, or processes designed to meet particular need, wants, and desires.
2795) Ignorance is the root of misery.
2794) Go where our customers are and our competitors aren't.
2793) Focus on what we want to have happen. [Thank you, Robert Ralph Parsons]
2792) Life is not fair. [Thank you, Paris Hilton]
2791) Skilled innovators and entrepreneurs possess a vivid imagination.
2790) Entrepreneurs have a knack for looking at the usual and seeing the unusual. [Thank you, D G Mitton]
2789) There's a sucker born every minute. Hope it's not us!
2788) And you ask “What if I fall?" Oh but my darling, what if you fly?. [Thank you, Erin Hanson]
2787) Promote our venture with charitable volunteerism?
2786) Success is based on partnerships. [Thank you, Bill Gates]
2785) Successful entrepreneurs often prefer to operate in a more established and structure business environment. [Thank you, Lynda Applegate]
2784) Everything is good for something.
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.
2782) If we tell the truth we don't have to remember anything. [Thank you, Samuel Langhorne Clemens]
2781) Skilled innovators and entrepreneurs are a lively bunch.
2780) Key question for our venture: Do we take advantage of competitive opportunities? How?
2779) Promote our venture with specialty items?
2778) Show we're interested.
2777) Stay cool and calm. It'll go away, eventually.
2776) Have a plan to deal with the unexpected ... because the unexpected is going to deal with our plan!
2775) Want to get rich quick? Buy some lottery tickets.
2774) I know you, you know me, one thing I can tell you is you got to be free. [Thank you, John Winston Ono Lennon & James Paul McCartney]
2773) Seek to learn from the best practices in our industry.
2772) Research is the process of going up alleys to see if they are blind. [Thank you, Marston Bates]
2771) An alpha version of a new product is typically in the lab and just seen by venture insiders.
2770) It is the best of times to start a new business. [Thank you, Joann MacMaster]
2769) Clowns to the left of us ... jokers to the right! [Thank you, Gerry Rafferty]
2768) Be clear.
2767) Reserve ignorance for the things we know nothing about.
2766) Develop: cause to become more mature, advanced, or elaborate.
2765) When nothing is sure, everything is possible. [Thank you, Margaret Drabble]
2764) Great team members have complementary skills and collaborative styles. [Thank you, Hudson Mota de Alcantara]
2763) Balance centers us.
2762) Aim at nothing and we'll hit it every time.
2761) Give rewards for referrals.
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]
2759) I yam what's I yam and that's all what's I yam. [Thank you, Popeye]
2758) As we think, so shall we be. [Thank you, Wayne Dyer]
2757) I haven’t failed ... I just found 1,000 ways that don't work. [Thank you, Thomas Alva Edison]
2756) Improvement always pays.
2755) A source of opportunity for innovation is the unexpected success or failure of some outside event. [Thank you, Peter F Drucker]
2754) There are two things that people want more than sex and money: recognition and praise. [Thank you, Mary Kay Ash]
2753) When writing an ad, use sentences of no more than twelve words. [Thank you, David Mackenzie Ogilvy]
2752) Machines should work, people should think. [Thank you, IBM]
2751) Skilled innovators and entrepreneurs have exceptional conceptual abilities.
2750) Who, What, Where, When, Why, How? ... the six most powerful questions in the world!
2749) Do it right the first time, so we don't have to do it again.
2748) Traits of leaders who are good at strategic thinking: analytical, contextual, futuristic, idea generation, input seeking, intellectual, learner, strategic overview. [Thank you, Gallup]
2747) Actions speak louder than words.
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]
2745) Supplement our strengths with advisors and consultants.
2744) Never be idle.
2743) Luck: success or failure apparently brought by chance rather than through one's own actions. [Thank you, Google Dictionary]
2742) Nothing is so infectious as example ... Give our customers samples of our work!
2741) Lead and they will follow.
2740) Follow chance wherever it takes us! [Thank you, Amanda Congdon]
2739) We will be out of cash much sooner than we think ... never enough time or money. [Thank you, Jeffry A Timmons]
2738) People who fight fire with fire often end up with ashes.
2737) Start where we are ... it's easier than trying to start somewhere else. [Thank you, Edgar Cayce]
2736) Innovation is a life skill.
2735) Always keep a pad and pen nearby so we can capture ideas, solutions, and thoughts as they occur.
2734) Skilled innovators and entrepreneurs are not random risk takers.
2733) Always be legal, moral, and ethical.
2732) Key question for our venture: What are the barriers to future competition?
2731) String our pearls on a very strong string.
2730) Free advice ... worth every cent.
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]
2728) Adventure: daring and exciting activity calling for enterprise and enthusiasm ... innovators and entrepreneurs are constantly creating new venture adventures.
2727) The Internet allows us to find the precise point of view that matches our own biases, no matter what they may be!
2726) Hail, Mary ... the game ain't over 'til it's over! [Thank you, Aaron Charles Rodgers]
2725) Barrier: an obstacle that prevents movement or access. How can we build barriers to keep our competitors at bay?
2724) Defy time.
2723) The supreme accomplishment is to blur the line between work and play. [Thank you, Arnold J Toynbee]
2722) Meanness, hardness, and coldness are unforgivable sins. [Thank you, C Benson]
2721) The way to succeed is to double our failure rate. [Thank you, Thomas Watson]
2720) Learning keeps us young.
2719) When we're green, we're growing ... when we're ripe, we're not. [Thank you, Raymond Albert Kroc]
2718) Key question for our venture: What are we fighting for? Is it worth it?
2717) If we dream big enough, anything can come true ... (Just kidding, get back to work!). [Thank you, Drew Ellis]
2716) Management: the responsibility and process of applying and controlling resources to achieve particular objectives.
2715) Vision and mission ... what we see in the future, what we do to get there.
2714) Fit: the right shape and size ... do our solutions fit our customers?
2713) Stakeholder: a person with an interest or concern in something, especially a business venture.
2712) Friendships should never be painful to keep up ... make it easy for our customers to consider us friends.
2711) Learn: gain or acquire knowledge or skill. [Thank you, Google Dictionary]
2710) If we missed the boat today, there will be another one tomorrow so let's get packing and ready to go!
2709) Mistakes will teach us lessons, but maybe not the right ones.
2708) Can we lease our products?
2707) Formal or Loose ... what should we focus on today?
2706) It is simple to make something complex, complex to make something simple. [Thank you, Thomas Alva Edison]
2705) Continuously solicit feedback from our customers ... their needs, wants, and desires will change over time.
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]
2703) Improve our skills ... now and forever!
2702) Illuminate the fog that surrounds us. [Thank you, Henri Émile Benoît Matisse]
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.
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]
2699) Dysfunctional teams will fail ... a little disagreement here and there, no big deal ... but beware if it's a regular occurance!
2698) Victory often comes only after many struggles and defeats. [Thank you, Og Mandino]
2697) Time out, Green Bay ... let's make sure we've got the right play ready to make the next first down.
2696) Not everything can be put in order ... but like leaves on a tree, it can still look beautiful.
2695) Potential venture legal issue: Disclosing inventions without a nondisclosure agreement, or before the patent application is filed. [Thank you, Connie Bagley]
2694) Skilled innovators and entrepreneurs are magical.
2693) No fair exchange takes place unless both parties benefit. [Thank you, Milton Friedman]
2692) Fantasize for fun.
2691) Customer acquisition cost should not be overwhelming or the venture will die.
2690) Skilled innovators and entrepreneurs are driven by the desire to do.
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]
2688) When talking to people smarter than us, something is bound to rub off.
2687) Successful innovators and entrepreneurs recognize the interconnectedness of all things and phenomena. [Thank you, Michael J Gelb]
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]
2685) Obliterate obfuscation! [Thank you, William Zinsser]
2684) We do not all think the same way.
2683) Our idea doesn't have to be big ... it just has to change the world. [Thank you, Spence Silver and Art Fry]
2682) The winner of the war writes the history books. [Thank you, Diego Garcia]
2680) A revenue model identifies how the venture will earn income and generate profits.
2679) The great tragedy of science: the slaying of a beautiful hypothesis by an ugly fact. [Thank you, Thomas H Huxley]
2678) Be sincere, be brief, be seated. [Thank you, F D Roosevelt]
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]
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, ourselves.
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]
2674) Prepare, and work hard.
2673) Innovation is creative destruction. [Thank you, Adam Smith]
2672) Focus our attention ... practice this critical skill everyday. [Thank you, R A Baron]
2671) The best products are those that people don't yet know they want. [Thank you, Roxanne Quimby]
2670) It’s not about the service, it’s about the experience. [Thank you, Howard Schultz]
2669) Go with our strengths, mitigate our weaknesses.
2668) Don't use words too big for the subject. [Thank you, C S Lewis]
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]
2666) Jobs fill your pocket, adventures fill your soul. [Thank you, Vinay Nenwani]
2665) Know there's always room for improvement.
2664) Can we really execute our venture concept?
2663) Be professional.
2662) Innovators and entrepreneurs are leaders in their fields.
2661) Make it simple to understand ... hard is easy, easy is hard!
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.
2659) Work never hurt anybody.
2658) Money comes and goes ... knowledge comes and grows.
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!
2656) Trust only those who stand to lose as much as us if things go wrong.
2655) Projections are passive ... objectives are active ... set objectives for our venture and responsibilities for making them happen.
2654) Wake up with determination, go to bed with satisfaction . [Thank you, Martha Vasquez]
2653) Beware: investors that only want to talk about the financials of a business.
2652) Projections: an estimate or forecast of a future situation or trend based on a study of present ones.
2651) Key question for our venture: Do we regularly track our competitors' moves?
2650) How to retain customers: refund their money if they are not completely satisfied. (Thank you, Costco)
2649) The majority of patents don’t make any money ... the inventions simply aren’t better that the alternatives. (Thank you, IEEE Spectrum)
2648) Live or Die ... what should we focus on today?
2647) Let our creative work be our inner friend.
2646) Pay commissions instead of salaries, of perhaps a mix.
2645) Seek advice and alternative perspectives.
2644) The lack of money is the root of all evil. [Thank you, George Bernard Shaw]
2643) If our actions inspire others to dream more, learn more, do more, and become more ... we are leaders! [Thank you, Dolly Parton]
2642) Accounting is an exact science ... finance is not. [Thank you, Mary Durham-Pflibsen]
2641) Set aside quiet time every day.
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]
2639) The timing has to be right ... all the parties involved in the transaction have to be ready to move together.
2638) Bad company corrupts good character.
2637) It's always worthwhile to make others aware of their worth. [Thank you, Malcolm S Forbes]
2636) Skilled innovators and entrepreneurs are creative in a particular domain.
2635) Over or Under ... what should we focus on today?
2634) These soon will be the good old days. What will our memories be of them?
2633) Common cause of venture death: team member burn-out.
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!
2631) Inventing is a combination of brains and materials ... the more brains we use, the less material we need. [Thank you, Charles Kettering]
2630) Common Mistake: top-down forecasts versus bottom-up objectives.
2629) Focus on people, their lives, their work, their dreams. [Thank you, Google]
2628) Set aside 15 minutes for community building at every meeting. [Thank you, Todd Adams]
2627) Long or Short ... what should we focus on today?
2626) Position: the state of being placed where one has an advantage over one's rivals in a competitive situation.
2625) Sit! Stay! Don't bark at anyone!
2624) Entrepreneurs are not their own boss ... they report to their customers!
2623) Promote our venture with samples of our products.
2622) The greater the risk, the greater the reward should be ... but often, it is not that way at all.
2621) Always keep our spurs on and a saddle on a horse ... get up and go when we gotta go!
2620) Passion is energy ... feel the power that comes from focusing on what excites us. [Thank you, Oprah Winfrey]
2619) A gift to yourself: respect. [Thank you, Oren Arnold]
2618) Know when our venture will achieve sustained profitability.
2617) Successful teams communicate clearly continuously.
2616) If we're not better, why bother?
2615) Suppose we promote our venture with moving billboards on trucks.
2614) If it’s easy, everyone will do it. If it's hard, someone will pay us to do it for them!
2613) Embrace failure and learn from it.
2612) Don’t worry, be happy. [Thank you, Bobby McFerrin]
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]
2610) Customer: a person or organization that pays for goods or services, and therefore our salaries to boot.
2609) Time is a great teacher ... unfortunately, it kills all its pupils. [Thank you, Louis-Hector Berlioz]
2608) Key question for our venture: Can the name of our venture, product, service, or process be legally protected?
2607) Define our market space. Know it or blow it.
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.
2605) What the eyes see can change what the mind believes. (Sometimes the eyes don't see what they think they see, and that can be a problem. -Jim)
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?
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,]
2602) Trust, not always perhaps, but the vast majority of the time.
2601) Recognition is often more important than money.
2600) Everyone is the architect of their own future.
2599) Engage beginners and attract experts. [Thank you, Google]
2598) Successful innovators and entrepreneurs are ethical.
2597) Even if you're the owner, you don't have to be the CEO. [Thank you, Andrew Corbett]
2596) Opening a new company is easy ... keeping it open is not!
2595) A source of opportunity for innovation is with process improvements. [Thank you, Peter F Drucker]
2594) Think big ... really BIG!!
2593) Analyze the data, but not while we're still collecting it.
2592) Skilled innovators and entrepreneurs have a good sense of timing and the time it takes to make it happen.
2591) Do little things well ... it's the little things that can make a big difference.
2590) Good market research is critical to our success.
2589) Drive out fear so everyone may work effectively. [Thank you, W Edwards Deming]
2588) I fear regret more than I fear failure. [Thank you, Taryn Rose]
2587) Know what hats we each going to wear in our venture together.
2586) Business is not just about deals, business is about doing great things. [Thank you, Henry Ross Perot]
2585) GizmoGadget: a small device or tool, especially an ingenious or novel one.
2584) Plan, but adapt ... don't be stubborn.
2583) Our greatness does not lie in wealth or power, but in character and goodness. [Thank you, Anne Frank]
2582) No one can be right all of the time, but it helps to be right most of the time. [Thank you, Robert Half]
2581) Respect others ... this is not negotiable.
2580) Feel or Smell or See or Hear or Taste ... try them all!
2579) Every picture tells a story ... how can we use a picture to tell our story?
2578) A venture must thrive, not just survive ... we must keep looking for new ways to grow and maximize our earnings.
2577) Traits of leaders of good leaders: activating, commanding, communicative, competitive, maximizer, self-assured, significant, able to win over others. [Thank you, Paulo Goes]
2576) Hire people smarter than us. Learn from them.
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?
2574) Promote our venture with special events.
2573) Skilled innovators and entrepreneurs are able to solve collision conflicts for which there are no readily apparent solutions.
2572) What’s done is done ... we cannot go back, we can only go forward.
2571) Beware "consultants" that can't come to a conclusion in a reasonable period of time.
2570) Skilled innovators and entrepreneurs generally are not status seekers.
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 ...
2568) List how we can take advantage of our competitors' weaknesses.
2567) People will buy anything that is "one to a customer".
2566) Accidents happen with creativity and innovation ... and sometimes we're better off when they do. [Thank you, Robert Austin]
2565) Most people follow the crowd ... that's why testimonials and case histories are so influential. [Thank you, Dean Rieck]
2564) Know the basis upon which we can we compete.
2563) The customer is a rear-view mirror, not a window to the future. [Thank you, George Colony]
2562) Say it and mean it ... if we don't mean it, don't say it.
2561) Skilled innovators and entrepreneurs are able to find order in chaos.
2560) Live by our word ... if our word is worth nothing, what are we? [Thank you, Adam Engst]
2559) The quality of an organization can never exceed the quality of the minds that make it up. [Thank you, Harold R McAlindon]
2558) Equity Funding: exchanging an ownership share of a venture for a cash or resource investment.
2557) P&L: abbreviation for a Profit and Loss statement, another name for an income statement. A P&L shows how much money we have coming in, how much we're spending, and how much we have earned.
2556) Mistakes are inevitable ... they are a necessary part of learning and skill building, a sign we are active and curious and doing something!
2555) Suppose we have a piece of information ... is that information a WAG, TWAG, SWAG, or Science? (A Wild Ass Guess, a Tempered Wild Ass Guess, a Scientific Wild Ass Guess, or Scientifically-validated fact). Give the piece of information a credibility score, from 0 to 10 (WAG to Science). (I'd suggest we only use information that scores a 7 or above! -Jim)
2554) Great things in life are achieved by passionate people.
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.
2552) A good business plan shows how and when the venture will generate sustainable earnings. [Thank you, Bill Quiroga]
2551) Slow and steady, and keep on going.
2550) Three key questions from lenders: A] How much money is needed? B] How will the money be used? C] How will the money be paid back?
2549) Strive for excellence always, perfection if possible.
2548) It takes a village to raise a venture.
2547) Build on our strengths ... eliminate our weaknesses ... recognize our opportunities ... mitigate our threats.
2546) Let's try hard to irrelevantize the competition. [Thank you, Bob Carter]
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]
2544) Skilled innovators and entrepreneurs are adept with numbers.
2543) We can never guard against chance.
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.
2541) A business plan brief (also called an expanded executive summary) is typically about 6 pages in length.
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 ..."
2539) During a conversation, use first names a bit more than most people would ... without overdoing it!
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]
2537) Key question for our venture: How can we all best work together?
2536) Smell the roses ... a rose by any other name would still smell the same!
2535) Creativity starts when we cut a zero from our budget. [Thank you, Jaime Lerner]
2534) You're a nut until you succeed.
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]
2532) Call things by their right names or we'll really confuse everyone.
2531) Say what we mean but don't say it mean.
2530) A patent is really a license to sue and be sued. [Thank you, Arthur C Clarke]
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.
2528) Good or Bad or Evil ... what should we focus on today? (I'm gonna go with Good! -Jim)
2527) Skilled innovators and entrepreneurs are sensible ... usually. Sensibility isn't always a good thing. Sometimes we gotta be wild and crazy and carefree!
2526) Nice speakers finish fast. (The audience is getting restless after the first 30 seconds ... make our stories sweet, short, and succinct. -Jim)
2525) People don't want to be managed ... they want to be led. [Thank you, Ewing M Kauffman]
2524) Beware: pseudo-scientists that sound like they know what they're talking about, but ...
2523) There is good and bad in everything ... pros and cons, highs and lows, pluses and minuses, ups and downs.
2522) Sometimes we lead, sometimes we follow, sometimes we get left behind ... then we gotta run like hell to catch up!
2521) Appearance isn't everything but it's still in first place! [Thank you, Gina Lee]
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.
2519) The reward of a thing well done is to have done it. [Thank you, Ralph Waldo Emerson]
2518) Take copious notes. [Thank you, Stacy Perryman]
2517) Fear is the path to the dark side. [Thank you, Yoda]
2516) We have goals, let's go after them ... they were put in our hearts for a reason. [Thank you, Macy Walker]
2515) "Here, hold my beer and watch this ..." [Some guy to his friends just before he was bit by a rattlesnake]
2514) Promote our venture with video commercials in stores. (Think that'll work? -Jim)
2513) Brainwriting: Similar to brainstorming, brain-writing 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.
2512) Never relinquish the initiative. [Thank you, Charles de Gaulle]
2511) Creating a great presentation slide: Make text and numbers legible and sizeable ... if we can't read from the back of the room, make it larger ... highlight areas where we want the audience to focus. [Thank you, Ian McKenzie]
2510) Strategies are the right things to do, tactics are the right way to do them. [Thank you, Clay Tatum]
2509) GAAP: abbreviation for Generally Accepted Accounting Principles ... follow the rules when it comes to keeping track of our finances and money. [Thank you, Josh Cohen]
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]
2507) If nothing went wrong, life would be great ... unfortunately, it ain't necessarily so.
2506) Add a human touch. [Thank you, Sue Factor]
2505) Fix faults first.
2504) The Six C's of Credit: Character, Capacity, Capital, Collateral, Conditions, Confidence. [Thank you, SCORE]
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 .
2502) People may justify decisions with facts, but the facts don't always justify the decision. [Thank you, Dean Rieck]
2501) Don't be discouraged by our mistakes ... unless we keep making the same ones over again.
Next: Tips 2500 to 2001