5000 - 4501
Tips 5000 to 4501 for Innovators and Entrepreneurs ...
5000) Give more than expected. \
4999) We're still in our prime.
4998) It would be easier if this really was rocket science. Rocket science has finite variables ... the variables in innovation and entrepreneurship are infinite and changing. (The Laws of Physics don't change, only our understanding of them. -Jim)
4997) We aren't gonna do what we don’t like to do, so we better be doing something we do like to do! (Yaba, daba, do! -Jim)
4996) If a wine says “Serve well chilled” on the label, it’s a crummy wine ... what do we have on our label that our customers might not be interpreting quite the way we wanted? [Thank you, Mari Stull]
4995) Be purposeful, passionate, and persistent.
4994) Change can be cruel ... sometimes kind, but usually cruel. Even change for the better.
4993) Use credit cards wisely.
4992) Wear hats in our venture ... we'll each have multiple hats when our venture is young ... as our venture matures, we'll pass some hats to new colleagues. Perhaps we can even have a "pass the hat" ceremony to celebrate, like passing the "Technical Writer" hat moving from Dennis (who also had 3 other hats) to Denise (the new Technical Write par excellence)? [Thank you, Dennis Page]
4991) Storyboarding is an easy form of prototyping ... a high level view of high-level thinking.
4990) Launch: introduce a new venture, product, or service to the public or target market for the first time.
4989) Work expands to fill the available time ... We need to set time limits or the work may never be completed. [Thank you, C Northcote Parkinson]
4988) Entrepreneurs are often good at symbolism.
4987) Character: distinctive nature of something or someone. [Thank you, Google Dictionary]
4986) Those who cannot remember the past are condemned to repeat it. [Thank you, George Santayana]
4985) To get rich quick, buy a lottery ticket or rob a bank. Otherwise, it is going to take a bit of time to make the big bucks.
4984) Them or Us ... what should we focus on today?
4983) Somethings borrowed ... somethings new!
4982) Simple: easily understood or done. Let us keep things simple whenever and wherever we can!
4981) Competition or collaboration ... can current competitors change into competent collaborators?
4980) Sleep on it ... the brain works in mysterious ways at night!
4979) There is only today ... yesterday is gone, tomorrow may not come.
4978) Dollars or Cents ... sometimes it's better to make a lot of cents than just a few dollars.
4977) Income: money received for work or through investments!
4976) Work hard ... work smart and it's not hard work.
4975) Should we promote our venture with blog marketing?
4974) Do not be mice or the cat will eat us.
4973) How to ruin a business plan: Make mistakes; Underestimate the competition; Overestimate sales objectives; Try to do too much at once; Use erroneous data; Make up numbers without supporting data; Lie, cheat, and steal.
4972) Listening is the sincerest form of flattery.
4971) Promote our venture with tie-ins with other products.
4970) Common cause of venture death: wrong team.
4969) Learning is not compulsory ... neither is survival. [Thank you, W Edwards Deming]
4968) Life is filled with compromise.
4967) Create customer profiles.
4966) Seed financing: money invested to fund an early-stage company.
4965) The best way to understand business is to start one. [Thank you, Kathryn McGlamery]
4964) Never invest in anything that eats or needs repainting. [Thank you, Billy Rose]
4963) Be good at accepting compliments ... be better at giving them!
4962) It is nice to be important, but it's more important to be nice. [Thank you, Oleg Vishnepolsky]
4961) Key question for our venture: What characteristics are we looking to bring into our venture?
4960) Beware of analysis paralysis. [Thank you, Rick Daniel]
4959) Hot or Cold ... what should we focus on today?
4958) Unicorn: an early-stage company that has grown significantly in perceived market value, generally over $1 billion.
4957) There's usually some process by which a potentially great idea gets prostituted into something lacklustre, or by which the wrong idea gets put forward. [Thank you, Clayton Christensen]
4956) A/B Testing ... compare two versions of a single variable typically by testing a subject's response to variable A against variable B, and determining which of the two variables is more effective.
4955) We don't know what we don’t know ... we gotta get out there and learn!
4954) Common cause of venture death: bad location, particularly for consumer-focused enterprises.
4953) Never interrupt our competitor when they're making a mistake. [Thank you, Napoleon Bonaparte]
4952) There are three different competitor groups we'll need to keep in mind when we develop a new idea ... primary, secondary and tertiary ... the placement of a new product within each group is based on how often our business would compete with them and how we would tailor our messages when competing with each of these groups. [Thank you, Guy Kawasaki]
4951) We'll be nothing if we're not excited by what we're doing! [Thank you, Daniel Dicochea]
4950) Common cause of venture death: lack of skills.
4949) Corporate entrepreneur credo: Work underground as long as possible ... publicity triggers the corporate immune mechanism. [Thank you, Gifford Pinchot III]
4948) Buy some lottery tickets ... seriously! We know we're going to lose, right? But still, we could win, someone is going to win, why not us?! Similar thought process investors go through when reading our business plan.
4947) The crew will be productive if they feel empowered. [Thank you, D Michael Abrashoff]
4946) A good read: Four Steps to the Epiphany (Steven Gary Blank)
4945) There is nothing worse than a sharp image of a fuzzy concept. [Thank you, Ansel Adams]
4944) Memory feeds imagination ... imagination feeds inspiration ... inspiration feeds creativity ... creativity feeds invention ... invention feeds innovation. [Thank you, Amy Tan]
4943) Never stop exploring.
4942) Be persistent.
4941) Key question for our venture: What are the risks and the rewards for our venture? ... is it worth doing it, or is it more risky not to do it?
4940) Key question for our venture: Does our name convey the proper image?
4939) Save a little good for later ... we may need it.
4938) That which blossoms will also decay.
4937) Key question for our venture: What hats do we need to fill in our venture?
4936) Innovating: creating something new and better than what already exists ... innovating is competitive creativity!
4935) Continually review new products and services and processes from our competitors.
4934) The problem is never how to get new innovative thoughts into our mind, but how to get old ones out. [Thank you, Dee Hock]
4933) Deliver the right product at the right price to the right customers at the right time and right place.
4932) Success breeds success, and envy.
4931) Can we promote our venture with exterior building signs?
4930) Come to our senses ... what do we see, hear, smell, feel, and taste?
4929) Don't overreact ... but don't underestimate.
4928) Common bootstrapping strategy: take as little salary as possible.
4927) Common cause of venture death: lack of access to customers.
4926) Experience is a comb nature gives us when we are bald.
4925) Borrow instead of buying things.
4924) Identify our biggest weakness ... what can we do about them?
4923) Business plan competitions: be wary when the prize donor is on the judging panel.
4922) If we think we can or can't, either way we're right. [Thank you, Henry Ford]
4921) I didn't wanna say yes, but I couldn't say no.
4920) Understand that when we're wrong, we're wrong. Get over it.
4919) Understand what we really need to do to survive and thrive.
4918) Try, and try again. [Thank you, Avi Tal]
4917) A good business plan presents a clear explanation of why the venture concept is a significant opportunity.
4916) Don't throw anything away ... keep it safe until we need it!
4915) Keep expenses variable wherever possible. Don't pay for what we don't need until we need it.
4914) Our education is not complete just because we're not in school.
4913) Concentrate on what we do best, then do it better.
4912) Two of ten venture capital deals will fail, six will continue to go along, and the remaining two are where the money is made. [Thank you, Stephen Lund]
4911) Every new invention is eventually replaced by a newer invention.
4910) Can we promote our venture with advertorials?
4909) We tend to get what we expect. [Thank you, Norman Vincent Peale]
4908) The devil is in the details.
4907) Continuous feedback.
4906) Use product sampling to gather primary research data.
4905) How to kill creativity, just say: "It's impossible ..."
4904) IT (Information Technology) is not marketing ... don't make them run the web site, it's not fair to anyone. [Thank you, Ian Lurie]
4903) Reduce production costs by improving product quality. [Thank you, W Edwards Deming]
4902) There are two ways of exerting one's strength: one is pushing down, the other is pulling up. [Thank you, Booker T Washington]
4901) Companies are not creative, people are.
4900) There are two sides to every story ... one side is usually better than the other.
4899) Key question for our venture: How do we market or plan to market our products or services?
4898) Be succinct.
4897) Emerging markets are characterized by “stealth” competitors. [Thank you, Andrew Corbett]
4896) Everyone meets the future ... if they don't, they're dead.
4895) Word-of-Mouth marketing: Giving people a reason to talk about our services, and making it easier for that conversation to take place. [Thank you, William Bygrave]
4894) Most people won't buy something until they've been exposed to the seller 5 or 6 times. [Thank you, Terry Wygal]
4893) Priority: regarded as more important.
4892) New things become used things the very next day ... don't buy new if a good used is half the price.
4891) Company: a commercial business enterprise.
4890) Gross Income: Revenue minus the Cost of Goods Sold (COGS).
4889) If we don't like what we're hearing, respond with a question, even if it's just "Why are you saying that?" ... this is a pretty good "trick" ... don't get mad, make the other person work ... keep those questions coming ... we might even learn a thing or two! [Thank you, Mark McCormack]
4888) Challenge ourselves.
4887) Companies must move away from a "command and control" structure and cultivate a true spirit of teamwork at all levels ... everyone in the company must adopt a managerial outlook and take responsibility for the quality of what they produce ... the enterprise must be steered by a clear set of objectives while giving everyone the autonomy to decide how to reach those results. [Thank you, Peter F Drucker]
4886) Post-Money Valuation: the value or nominal worth of an entire company immediately after a financing round.
4885) Minimal Viable Product (mvp): version of a new product which allows a team to collect validated learning about customers with the relatively low effort. An mvp is often an alpha or beta version of the final product offered for sale.
4884) Let the quality of our work speak for itself.
4883) Help our customers remember us ... what can we do that they won't forget?
4882) Talent is a key to success, but not as important as putting talent to work.
4881) Market market market, and then market some more.
4880) Don't wait for inspiration to start something ... action always generates inspiration, inspiration seldom generates action. [Thank you, Frank Tibolt]
4879) All work and no play makes Jack a dull boy and Jill a rich widow. [Thank you, Evan Esar]
4878) State the facts fully and accurately. [Thank you, Joel Raphaelson]
4877) Learn from our mistakes.
4876) Have patience with all things.
4875) Commit to innovation.
4874) Goals should be specific, realistic, and measurable. [Thank you, William G Dyer]
4873) Break down barriers.
4872) Types of primary research: discussions, brainstorming, interviews, focus groups, surveys, surveillance, participating.
4871) I am guided by the vision of what I believe this show can be. [Thank you, Oprah Winfrey]
4870) Key question for our venture: What does the future have in store for our venture? ... How do we know?
4869) If our plan depends on us suddenly being “discovered” by the world, our plan will probably fail.
4868) First discuss issues on which we're pretty sure we'll agree. [Thank you, William N Yeomans]
4867) Climb a ladder step by step ... and our venture is one big ladder.
4866) The shortest distance between two points is a line, not a lie.
4865) Mind our image.
4864) Stay true to our contracts.
4863) Concept: a well-defined form, including both a written and visual description, that includes its primary features and customer benefits combined with a broad understanding of the technology needed. [Thank you, G M Ajamian]
4862) Promote our venture with personal sales.
4861) Mistake: an action or judgment that is misguided or wrong. (When we make a mistake, and we will, admit it and fix it. -Jim)
4860) Inputs - Transformation - Outputs. (That's what an enterprise does. -Jim)
4859) A committee is a group of people who individually can do nothing but as a group decide that nothing can be done. [Thank you, Fred Allen]
4858) Entrepreneuring is hard work ... if it were easy, everyone would do it!
4857) Customer NWD Profile: an outline that defines the Needs, Wants, and Desires a customer would like to receive from a product, service, or process ...
4856) Life is a great big canvas ... let's throw all the paint on it we can. [Thank you, Danny Kaye]
4855) Strategies or Tactics ... what should we focus on today?
4854) Greatness is in our heart and mind. Bring it out.
4853) Find a strategy that offers a high probability for success ... repeat it over and over.
4852) Innovators are usually good at instinctive thinking.
4851) Be direct with our communication ... beating around the bush only frustrates people.
4850) People, places, things, time, money ... need 'em all in our venture.
4849) It takes 9 months to have a baby ... 9 women can't do it in one!
4848) Ban the word "projections" ... we're making "objectives" for our venture, objectives that we need to meet and make happen ... projections have no responsibility attached to them ... objectives are our responsibility to make them happen.
4847) Charm is the quality in others that makes us more satisfied with ourselves. [Thank you, Henri-Frederic Amiel]
4846) A potential business model: Manufacture products and sell them.
4845) Recognize the importance of transparency. [Thank you, Nelson Wang]
4844) Three PhDs do not make an MBA.
4843) How to retain customers: give them special treatment, make them feel really good!
4842) Progress is our most important product. [Thank you, General Electric]
4841) Happiness is when what we think, what we say, and what we do are in harmony. [Thank you, Mahatma Gandhi]
4840) Happiness is a state of mind, not a destination.
4839) Key question for our venture: What legal risks do we have?
4838) Market Niche: a subset of the market on which a specific product, service, or venture is focused. [Thank you, Google Dictionary]
4837) People are egocentric.
4836) We can succeed at almost anything, if we have unlimited enthusiasm. [Thank you, Charles M Schwab]
4835) Life is what happens when we were making other plans. [Thank you, John Lennon]
4834) Skilled innovators and entrepreneurs are inventive.
4833) Nothing is worth doing unless the consequences may be serious. [Thank you, George Bernard Shaw]
4832) No surprises. [Thank you, Tom Larkin]
4831) Four key revenue drivers ... customers, frequency, selling process, price.
4830) Don't push unreasonable deadlines ... work smart and hard.
4829) What I hear, I forget ... what I hear and see, I remember a little ... what I hear, see, and ask questions about or discuss with someone else, I begin to understand ... what I hear, see, discuss, and do, I acquire knowledge and skill ... what I teach to another, I master. [Thank you, Mel Silberman]
4828) Don't worry about people stealing our ideas ... if our ideas are any good, we'll have to ram them down people's throats (figuratively speaking, of course). [Thank you, Howard Aiken]
4827) People remember images.
4826) Short circuit opinions with facts.
4825) Don't take personal offense at criticisms from customers ... listen and learn.
4824) Successful Innovators and entrepreneurs know how to best use the means at hand. [Thank you, Patricia G Greene]
4823) Knowledge is not the same as understanding.
4822) Key question for our venture: How do we compare to our competitors?
4821) Sometimes we're the dog, sometimes we're the hydrant.
4820) Make good eye contact.
4819) Look around ... do we like what we see? If not, how do we change the scenery?
4818) When it is not necessary to make a decision, it is necessary not to make a decision. [Thank you, Lord Falkland]
4817) Spend our time solving problems, not worrying about them.
4816) Key question for our venture: Why should users care about our products or services?
4815) Build a demographic profile of our target customers ... age range, income levels, educational backgrounds, household characteristics, occupation, ethnicity.
4814) Key question for our venture: How do we brand our business?
4813) The main ingredient of stardom success is the rest of the team. [Thank you, John Wooden]
4812) Should we promote our venture with thank-you letters?
4811) Specialist: a person who concentrates primarily on a particular subject or activity; a person highly skilled in a specific and restricted field.
4810) Make big things happen by paying attention to the small details.
4809) Victory belongs to the most persevering. [Thank you, Napoleon Bonaparte]
4808) The first mover advantage ends when the second mover steps in. The first mover has the first competitive advantage, the second mover must be better.
4807) Successful innovators and entrepreneurs are forever curious.
4806) TVM: (abbreviation for Time Value of Money) the principle that a certain currency amount of money today has a different buying power than the same currency amount of money in the future.
4805) Trust but verify ... trust what they say, but verify it is true.
4804) How much wood would a woodchuck chuck if a woodchuck could chuck wood? About 700 pounds, give or take.
4803) Watch for good deals.
4802) Education plus experience and a bit of exercise equals expertise.
4801) 20% of the products generate 80% of the revenue ... not atypical for many companies ... what is our ratio?
4800) Always deliver our criticisms in private to minimize emotional fallout. [Thank you, Kohn-O'Connell]
4799) Skilled innovators and entrepreneurs are action-oriented.
4798) A diamond was once a chunk of coal under pressure.
4797) No expectations, no failure ... isn't that a nice way to eliminate failure? Just eliminate any expectations and failure goes away, as does success!
4796) We can automate the production of cars, but we can't automate the production of customers. [Thank you, Walter Reuther]
4795) Feedback is the breakfast of champions! [Thank you, Robert Lorber]
4794) Innovator and Entrepreneur: the two most important hats when creating a new business venture.
4793) Key question for our venture: What are the principal risks to our venture?
4792) Nature works 24 hours a day, 7 days a week, 365 days a year ... tirelessly finding ways to change our lives and loves.
4791) Do what we love ... easier then to love what we do!
4790) Never get into fights with ugly people ... they have nothing to lose. [Thank you, Robert M Gates]
4789) Focus on our customer’s needs, wants, and desires. [Thank you, Paul Graham]
4788) Prototyping, both products and services alike, is one strategy to test key assumptions about what a customer will value and be willing to buy ... we can use product brochures and product data sheet to solicit inputs from customers. [Thank you, William Bygrave]
4787) If all work is grunt work, go work somewhere else.
4786) Everyone is selling something ... who's buying what?
4785) Even when we have pains, we don't have to be a pain.
4784) Once a decision is reached, stop worrying ... go make it happen!
4783) To grow innovation, create a creative climate.
4782) Know when and how to cut our losses.
4781) Rome wasn't built in a day, and not likely our new venture will be either.
4780) Don't kill the messenger pigeon who brings us bad news ... if the bird dies, so does the information that we may sorely need in the future.
4779) When we all think alike, no one thinks very much. [Thank you, Walter Lippmann]
4778) Knowing isn't the same as doing. [Thank you, Alan Webber]
4777) Key question for our venture: Are we sensitive to our customers' needs and requests?
4776) Successful entrepreneurs are collaborative. [Thank you, Janet Kraus]
4775) Design: plan something with a specific purpose in mind.
4774) Entrepreneurship is not reserved for startups ... Entrepreneurship is a lifelong skill that can be applied in most any and every environment. [Thank you, Heidi M Neck]
4773) Charge for our work ... otherwise we will not be taken seriously. [Thank you, E Aston]
4772) Secondary research: the summary, collation and/or synthesis of existing research, data, and information.
4771) Seek quality in all we do.
4770) Successful teams provide mutual inspiration.
4769) Build an ecosystem of ideas. [Thank you, 3M]
4768) Make a difference ... even if it is little.
4767) Think of organizations and people who may have an interest in our success but aren't directly paid or rewarded for any success our business might realize, such as associations, the media and other organizations that sell to our customers. [Thank you, Guy Kawasaki]
4766) Be something to someone.
4765) We can learn a lot from customer complaints.
4764) Buy a bunch of cheap baseball hats ... Put a label on one hat for each of the work areas in our venture. Then, assign a hat (or likely, multiple hats!) to the individual that is responsible for each particular area, no area left without someone responsible. As we grow our venture, we hire new people to take on one of the multiple hats someone else has been wearing. Have a hat passing party to celebrate the growth of our venture
4763) Attributes of successful new venture founding team members ... Determination, resilience, tenacity, commitment, curiosity, work ethic, humanity. [Thank you, Atish Davda]
4762) All’s well that ends well. [Thank you, Bard of Avon]
4761) There is nothing so useless as doing efficiently that which should not be done at all. [Thank you, Peter F Drucker]
4760) It pays to be obvious. [Thank you, Isaac Asimov]
4759) No one can serve two masters ... not even a two-headed snake!
4758) It could be a good opportunity if our team has or can learn the skills needed.
4757) You can't always tell a book by its cover. (You might actually have to read it! -Jim)
4756) If we have to choose between paying customers and a fleshed-out business plan, choose the paying customers.
4755) Customer needs are the basis of our business. [Thank you, Mike Dell]
4754) Better to keep peace than have to make it.
4753) Better, faster, smaller, cheaper. [Thank you, Intel]
4752) Learners inherit the earth. [Thank you, Eric Hoffer]
4751) An expert is someone who knows some of the worst mistakes that can be made is her field and how to avoid them. [Thank you, Werner Karl Heisenberg]
4750) Little things can mean a lot to our customers. A simple "thank you" can make a world of difference in a world full of indifference.
4749) Types of pricing strategies ... competition-led, customer-led, loss-leader, introductory offer, skimming, psychological, fair pricing, bundled pricing, value-based.
4748) Change happens ... sometimes it's good, sometimes it's not.
4747) Hook: something that catches the attention of prospective customers, journalists, listeners, and viewers.
4746) Never judge people by appearance ... judge them by performance.
4745) Value Proposition: a promise of value (benefits versus price) to be delivered and a belief from the customer that value will be experienced.
4744) Key question for our venture: How many employees do we have? ... How many do we really need?
4743) Even if we do not see it, we can still have faith that it is there.
4742) Key question for our venture: How can we be a $50 million revenue venture in 5 years? ... Or, if we already are, how about $500 million in 5 years?
4741) Successful innovators and entrepreneurs know how to take small actions. [Thank you, Candida G Brush]
4740) Change happens ... with us or without us!
4739) Let's promote our venture with brochures and pamphlets ... we can distribute them like snow on a winter's day!
4738) Let's make sure we make it easy for prospective customers to get information about our venture, our products, and our services.
4737) What we see depends on what we look for. [Thank you, John Lubbock]
4736) If we fail at humor, at least no one is laughing at us. [Thank you, A Whitney Brown]
4735) Focus on doing things that give us an unfair competitive advantage.
4734) Grant: a type of funding typically provided by government agencies or non-profit foundations ... and typically for early-stage technology ventures, although not always.
4733) The more things we plan to do, the more energy we will have to do them ... weird how that works.
4732) Facts are stubborn things, but statistics are pliable. [Thank you, Mark Twain]
4731) Easy or Hard ... which one describes what we should be doing today?
4730) Some things seem easy at first, but. [you know the rest!]
4729) Praise in public, complain in private.
4728) The longer a decision is left unmade, the greater the costs of implementing it.
4727) Define our own meaning of success.
4726) Successful entrepreneurs have an ability to build networks. [Thank you, Timothy Butler]
4725) Positive or Negative ... what should we focus on today?
4724) Beware: experts from afar.
4723) Focus first on a specific niche market ... after we capture the beachhead, we can move further ashore.
4722) Common bootstrapping strategy: borrow from friends.
4721) The early bird gets the worm ... and maybe more!
4720) Once we say something it's out of our control.
4719) Promote our venture with business cards.
4718) Synthesis: arrange, assemble, collect, compose, construct, create, design, develop, formulate, manage, organize, plan, prepare, propose, set up, write.
4717) How can we answer this question: How much funding is being raised for our venture right now? ... for how long will that hold us over?
4716) Key question for our venture: Is our name easily confused with other names?
4715) A new venture may be feasible if there are customers willing to pay for the end results!
4714) Think different! [Thank you, Apple ]
4713) Do not boast of a thing until it is done.
4712) List the attributes, the pros, the cons, the pluses, the minuses.
4711) Shark Tank is a "reality" TV show, not necessarily "reality" entrepreneurship ... TV shows need drama, conflict, heroes and villains and victims to attract an audience ... real life is a bit more mundane ...
4710) Skilled innovators and entrepreneurs are rational. Well, maybe not always.
4709) If we can’t beat ‘em, join ‘em ... sometimes the competition is on to something good!
4708) What say we promote our venture with per-order/per-inquiry ads?
4707) Walk the dog ... don't have dog? ... borrow one ... good exercise and good conversations.
4706) Quality: the degree of excellence of something.
4705) Key question for our venture: How is our venture organization structured? ... is it optimal?
4704) The way to become boring is to say everything. Yibbity, yibbity, yibbity. Yak, yak, yak.
4703) Timing: the choice, judgment, or control of when something should be done.
4702) If we don't have a sense of unity, it will be very hard for us to succeed together. [Thank you, Barack Obama]
4701) The one most responsive to change is the one that survives. [Thank you, Charles Darwin]
4700) Entrepreneurial Myth: Banks don't lend money to start-ups ... actually, bank loans are the most common source of funding for new ventures in the US. [Thank you, Scott Shane]
4699) Use PowerPoint (or Google Slides, or similar) as the homebase for a business plan ... create a slide for each of the major topics in the business plan ... that slide deck is the master for any business plan presentation we may need to make ... then use the "Speaker Notes" feature of PowerPoint to write supporting sentences and paragraphs for each of the slides ... when printing the slides, print them one to a page with speaker notes shown ... voila, an instant business plan complete with graphics (the slides themselves) ... further, the "written" business plan and the "slide presentation" will be "synced"!
4698) Nothing is more effective than sincere, accurate praise. [Thank you, Bill Walsh]
4697) Earnings from sales to customers is our best source of funding for our venture.
4696) Successful brands connect with the hearts and minds of the customer ... they create an emotional connection! [Thank you, Leslie Bromberg]
4695) Any fool can criticize, condemn, and complain ... and most fools do! [Thank you, Benjamin Franklin]
4694) Innovators are often emotional.
4693) Manpower, material, machinery, money, methods ... the M's of manufacturing.
4692) Boil matters down to the simplest terms.
4691) Every rule of thumb can be broken except this one. [Thank you, Roger von Oech]
4690) It is okay to cry.
4689) Anyone who stops learning is old, whether at twenty or eighty; anyone who keeps learning stays young ... the greatest thing in life is to keep our minds young. [Thank you, Henry Ford]
4688) The value of money lies in what we do with it.
4687) Skilled innovators and entrepreneurs expect success, even if it doesn't happen overnight.
4686) The Internet is like a drug needle that goes right into the bloodstream ... people download the precise point of view that speaks to their own biases. [Thank you, Thomas Friedman]
4685) Most of our audience uses a search engine to find us ... all the banners and viral marketing on earth won't come close to results produced by a top 5 ranking for a relevant phrase. [Thank you, Ian Lurie]
4684) Innovators have good imaginations.
4683) The best way to gather competitive information is through network and trade shows. [Thank you, William Bygrave]
4682) Should we promote our venture with direct mail?
4681) We need to work together ... there is no way to work apart.
4680) The danger of being a first mover: we may get it wrong. [Thank you, William Bygrave,]
4679) Educate and train.
4678) Successful teams perform well in a chaotic environments!
4677) Ideation: the process of forming ideas or concepts.
4676) Capital efficiency ... watch thy money!
4675) Visionary leadership style ... most appropriate when an organization needs a new direction; where we need to go but not necessarily how. [Thank you, Daniel Goleman]
4674) A venture operations manual facilitates even-handed, consistent administration of personnel policies.
4673) Our most important competitive advantage is (or will be) our brand!
4672) How can we answer this question: How many people do we need in our venture, the critical mass, in order to achieve our immediate goals and objectives? ...
4671) Change is not made without inconvenience ... even from better to worse. [Thank you, Richard Hooker]
4670) Key question for our venture: What are the people that join our venture going to do?
4669) First deserve, then desire.
4668) The tragedy of life doesn't lie in not reaching our goal ... the tragedy lies in having no goals to reach. [Thank you, Benjamin Mays]
4667) Key team members must have successful experience in our key industry.
4666) Be prepared for the unexpected.
4665) Work with what we have. (Thank you, Bruce Rianda)
4664) Entrepreneurs are usually good at setting goals and objectives, then meeting or exceeding them.
4663) Benefits, baby, benefits! maybe we can have too many babies, but we can't ever have too many benefits!
4662) Key question for our venture: Who are the founders and key team members of our venture?
4661) Link new technologies to old market needs.
4660) No such thing as bad press. (Thank you, Donald Trump)
4659) For better or worse ... hopefully better, if we put our hearts and minds to making that happen!
4658) Clear, concise, precise ... a guide for all we do.
4657) Skilled innovators and entrepreneurs are ambitious.
4656) Conventionality is the mother of dreariness. [Thank you, C Benson]
4655) Word choice matters ... think before you speak or write!
4654) When we're down, everything falls on us.
4653) Take charge of our own destiny.
4652) Always add unique value. [Thank you, Bill Blade]
4651) Winning isn't everything ... wanting to win is! [Thank you, Vince Lombardi]
4650) 1.0: the first version.revision numbering for a new product ... (one point oh) ... "1" is the version number, "0" is the revision number ... if nothing major has changed but some small revision was made, only the revision number changes ... some customers are hesitant to buy the very first version of anything, so some companies start their version.revision number with something other than 1.0 (ie, 3.2). [Thank you, Gene Olson]
4649) Success in business comes from a willingness to grind it out. [Thank you, Guy Kawasaki]
4648) Proactive, reactive, inactive ... What are we today?
4647) We'll never run out of great ideas.
4646) We're number one! (Thank you, Hertz) ... We try harder! (Thank you, Avis).
4645) A healthy business is worth about 5 times its EBITDA (a 5x price/earnings ratio) ... a growth company, an even higher price/earnings ratio ... perhaps 10, 15, 20 or more. [Thank you, Bob Morrison]
4644) Our minds can make things impossible ... or not!
4643) A chicken doesn't stop scratching just because the worms are scarce ... we gotta keep looking for new worms ... er, customers! [Thank you, Sophie Novy]
4642) Rocket science is 80% science and 20% judgment, entrepreneurship is 80% judgment and 20% science.
4641) Brevity is the soul of wit. [Thank you, Henny Youngman]
4640) Key question for our venture: Do we have any regulatory risks? Like what? How are we going to deal with it?
4639) It is better to suffer injustice than to do it.
4638) Make a list ... a list is a really good and simple tool for getting and keeping organized.
4637) Humor is to life what shock absorbers are to automobiles!
4636) Rocket science follows rules of physics, entrepreneurship follows rules of thumb.
4635) Traits of leaders who are good at relationship building: adaptability, connectedness, empathy, harmony, inclusion, individualization, positivity, relating. [Thank you, Gallup]
4634) Value: the benefits received relative to the price of something ... the best value comes from something that offers the best benefits at the lowest price ... is that coming from our venture, or the competition? If it is them today, it better be us tomorrow.
4633) Be adaptable if we are to be adoptable ... we need to fit ever-changing customer needs, wants, and desires!
4632) Paint masterpieces ... even if they don't start or necessarily turn out that way.
4631) Should we promote our venture at trade fairs?
4630) Pleasure: the satisfaction and enjoyment benefits we deliver to our customers.
4629) We miss 100 percent of the shots we never take. [Thank you, Wayne Gretzky]
4628) Value innovation is a new way of thinking about executing strategy that results in the creation of a blue ocean and a break from the competition. [Thank you, W Chan Kim]
4627) Time is a state of mind ... the faster the mind moves, the faster the time goes by!
4626) There is no such thing as instant experience, except when we accidentally burn our hand on a hot stove. [Thank you, J Robert Oppenheimer]
4625) Play has value ... if nothing else, it takes some of the stress off work.
4624) Promote our venture with local TV advertising and see what happens.
4623) Sometimes the truth is not so simple, sometimes the simple is not the truth.
4622) Help ourselves by helping others. The role of our venture is to continually solve our customer's problems better than the alternatives and at a profit.
4621) Find the emergency exits before the lights dim.
4620) The more, the merrier ... the more people in a poll, the more accurate the results.
4619) Make sure our customers can easily, quickly, and readily buy and use our products
4618) Hang in there ... there's nowhere else to go right now!
4617) To kill creativity, just say: "That's not really needed right now ..."
4616) Common cause of venture death: ignored customers.
4615) Creativity is intelligence having fun. [Thank you, Albert Einstein]
4614) Beware: pseudo-science can have a mesmerizing effect.
4613) This time, like all times, is a very good one, if we know what to do with it. [Thank you, Ralph Waldo Emerson]
4612) Don't blindly follow our competition ... some of them are idiots!
4611) Key question for our venture: How big can our venture become? When? Why? Where? How?
4610) Nothing succeeds like success ... hard to get that taste out of our mouth, and that is good.
4609) There just might be a point when it's time for new executive leadership, with different skills and strengths ... ventures evolve and may need a new crew for a new ocean. [Thank you, Terry Semel]
4608) Learn as much as we possibly can from our competition ... what works for them, what doesn't. Just because they suffered finding the answers doesn't mean we have to, too.
4607) At my lemonade stand I used to give the first glass away free but charge five dollars for a second ... the refill contained the antidote. [Thank you, Emo Philips]
4606) Key question for our venture: Can we readily demonstrate our products or services to our prospective customers in a way that will entice them to buy?
4605) Write our own personal script for success. [Thank you, Bill Strickland]
4604) The past was once the future ... now is, at once, the past.
4603) Hypothesis: a proposed explanation that is used as a starting point for further investigation, often made on the basis of limited evidence ... start a new project with a hypothesis, an educated guesstimate of the outcome, then go prove it to be right or wrong. If it's wrong, start all over again!
4602) We can't explain everything.
4601) The more we reason, the less we create. [Thank you, Raymond Chandler]
4600) Come darkness, we'll appreciate the light. [Thank you, Bob Norwood]
4599) Develop minimal, nominal, and optimal lists of what is needed to get this new venture up and running, and how much money is required for each category.
4598) Output: something produced by a venture.
4597) Some people think the same thought a thousand times ... others think a thousand thoughts at the same time.
4596) Thought: an idea or opinion produced by thinking or occurring suddenly in the mind. [Thank you, Google Dictionary]
4595) We've got to know where we're going to see if we've arrived.
4594) Time or Money ... what should we focus on today?
4593) Everyone has to win ... win, win, win. If someone loses, it'll hurt us all.
4592) Venture Capitalist: an organization or individual speculator who makes money available for innovative projects (especially in high technology).
4591) There's always room for improvement. [Thank you, Oscar De La Hoya]
4590) Take advantage of fortuitous circumstances.
4589) Stay calm and eat a donut.
4588) Key question for our venture: How are we different and better than the competition?
4587) Don't fake it ... be authentic and credible with our marketing. [Thank you, Richard Pachter]
4586) If it's wrong, make it right ... if it's right, make it better!
4585) People say nothing is impossible ... but I do nothing every day! [Thank you, Theodor Rosyfelt]
4584) List 10 things we do that our customers really don't like ... what are we going to do about it?
4583) If you had to choose between drinking wine every day or being skinny, would you choose red, white, or rosé?
4582) When our work speaks for itself, don’t interrupt. [Thank you, Henry Kaiser]
4581) A good read: Eats, Shoots and Leaves (Lynne Truss) ... How could someone possibly write an innovative and humorous book about grammar? Lynne did!
4580) Key question for our venture: Who are our major competitors? What do we know about them? What else do we need to know about them?
4579) Avoid jargon, slang, and abbrvs.
4578) Pause and think ... feeling better now?
4577) A spreadsheet program can double as a flat-file database to store data we collect from our field research.
4576) Our worst humiliation is someone else’s entertainment. [Thank you, Karen Crockett]
4575) Reality leaves a lot to the imagination. [Thank you, John Lennon]
4574) A good business plan provides evidence of customer acceptance of the venture's products and services. [Thank you, Anita Bell]
4573) A good attorney knows the law ... a great attorney knows the judge! [Thank you, Paul Efron]
4572) How can we answer this question: Is the lifetime value of a customer significantly greater than the cost of customer acquisition?
4571) There's no such thing as being totally wrong ... or totally right.
4570) Maintain a personal collection of potential opportunities and ideas.
4569) The closed mouth gathers no feet.
4568) Oh, a wise guy, eh? [Thank you, Moe Howard]
4567) We already have some very valuable assets: our capabilities, experiences, education, talents, and passion. [Thank you, Shuree Enkhbold]
4566) Skilled innovators and entrepreneurs are willing and able to solve puzzles.
4565) Collaboration: the action of working together to produce or create something, or make something happen.
4564) Our brand must make us immediately and positively distinguished from our competitors.
4563) Alpha, beta, 1.0 (one point oh) ... terminology that is used to classify the stages of new product development.
4562) Parent approval is a powerful force.
4561) To accomplish the impossible, we must attempt the absurd. [Thank you, Miguel de Unamuno]
4560) Competitive Creativity: the innovation process. Is our new concept competitively creative?
4559) Weird or Wonderful ... what should we focus on today? Perhaps weirdly wonderful, or wonderfully weird?
4558) Where there's money, there's mischief.
4557) Skilled innovators and entrepreneurs are original thinkers.
4556) Customer Value Proposition positioning ... (1) Target group and need (2) Brand (3) Concept (4) Point of differentiation. [Thank you, William Bygrave]
4555) Knowledge can be memorized ... wisdom must think things through.
4554) Define, gather, form, test, analyze, interpret, modify.
4553) Big picture or small details ... we need both.
4552) Be fearless.
4551) Junk accumulates to fill the space available for its storage. [Thank you, Bruce O Boston]
4550) Financial Objectives: monetary targets for a venture.
4549) Keep an Opportunity Journal. [Evernote.com is a very good tool to capture ideas and information, and to find it again when it's needed. - Jim]
4548) There's no formula for success in business ... but there is a recipe: earn a profit solving customer problems better than the competition! Like any recipe, the results depend on the quality of the ingredients and the skills of the cook.
4547) Can we promote our venture with rebates? How would that work?
4546) There is no maybe.
4545) We are not meant to fly solo ... we're not meant fly at all, which is why we need an airplane and a good crew to go along!
4544) Go where our customers are and our competitors aren't.
4543) There is no garden without weeds.
4542) Maintain a good credit history.
4541) If it didn't work the first time, why do we think it will work the second? If we do the same thing over and over the same way why should we expect different results?
4540) The only safe ship in a storm is leadership. [Thank you, Faye Wattleton]
4539) Reduce marketing costs by improving marketing quality.
4538) See excellence wherever it is.
4537) Rapid Prototyping: a group of techniques used to quickly fabricate a scale model of a component or assembly.
4536) We forget what we hear, we remember what we see, we know what we do!
4535) Beware of cheaters ... unfortunately, there are a lot of them out there.
4534) If we don't have any competition, maybe there's no need for what we do!
4533) Everything is more difficult than it appears.
4532) Key question for our venture: What motivates the venture founders? If they not all on the same page, are they at least reading the same book?
4531) HOTI: abbreviation for Holistic Outputs-Transformation-Inputs, the concept of transforming one set of elements (the inputs) into another (the outputs) with a set of processes and resources. ["Thank you, IBM for the initial concept," says Jim. "I added to it to make it more useful for product, service, process, and venture design.]
4530) Pick a pertinent price point.
4529) Find something else to do with it. (Thank you, Katie Schwertz)
4528) Key question for our venture: How can we use financial statements in our venture to make it better and stronger?
4527) There is no disgrace in falling down ... the disgrace is not getting up.
4526) Find the right partnerships.
4525) Kiss of Death: Something absolutely insurmountable that will stop us from reaching our goals and objectives.
4524) Due Diligence: the process employed by potential investors or their agents of investigating a business deal or the target of an investment or acquisition.
4523) Nobody likes a grump ... take it easy!
4522) The truth can't be manufactured. [Thank you, New York Times]
4521) To be extraordinary, either be the very best in one thing or really good in two. [Thank you, Scott Adams]
4520) Learn or Teach ... what should we focus on today?
4519) Celebrate little victories.
4518) Creative people embrace and leverage failures ... if it didn't work, why not and what if we try it another way instead. [Thank you, Emma L Murray]
4517) Promote our ideas ... if we don't, who will?
4516) Don't buy a cow if we just want a steak dinner. [Thank you, Frank Novy]
4515) Passion is perfect.
4514) Key question for our venture: What other new ventures have recently entered our industry, and why? How are they doing? What can we learn from them?
4513) Some "friends" will flip-flop fast when we're facing failure ... cherish those that stick with us through thick and thin.
4512) Successful innovators and entrepreneurs have high levels of tenacity and courage. [Thank you, Greg Vogt]
4511) Do not condemn the judgment of another because it differs from our own ... we may both be wrong.
4510) We can't steal second base and keep a foot on first. [Thank you, Kenny Lofton]
4509) Don't just do the easy stuff ... everyone does the easy, it's the hard that builds true value.
4508) Can we promote our venture with sales tools? Like what?
4507) Idea: The most embryonic form of a new product or service ... it often consists of a high-level view of the solution envisioned for the problem identified by the opportunity. [Thank you, E Fisher]
4506) Empower everyone who is part of our venture to do what is right.
4505) Know thy customers ... do for them like we'd like them to do for us.
4504) Love creates love ... creators love creators.
4503) Batch our routine tasks and do them all at once.
4502) 80% of success is showing up, the other 20% is knowing what to do once we get there. [Thank you, Woody Allen]
4501) The absence of alternatives clears the mind marvelously. [Thank you, Henry Kissinger]