Tips 5001 to ???? for Innovators and Entrepreneurs
5001) How much money will w burn will until our venture reaches profitability?
5002) A pessimist has no motor, an optimist has no brakes. [Thank you, Patrick Marcus]
5003) Talk doesn't cook rice ... we've got to stoke up the fire and boil some water first.
5004) Can we assure our products can be built efficiently in quantity?
5005) Our venture identity includes our name, logo, tagline, color scheme, product design, packaging, decor, and ???
5006) Recommended reading: Entrepreneurship: A Real-world Approach (Rhonda Abrams) ... an excellent book that covers the fundamental principles of entrepreneurship.
5007) Make our positives outweigh our negatives.
5008) Can we use STEAM to build a positive reputation for our venture in our community? STEAM is short for Science, Technology, Engineering, Arts, and Math ... a movement in our schools these days to promote those disciplines to students ... is there some way we can promote STEAM with our venture?
5009) Try to learn something about everything, and everything about something. [Thank you, Thomas H Huxley]
5010) A good business plan describes the manufacturing and/or service delivery processes and associated costs in appropriate detail.
5011) Knowledge is finite ... ignorance infinite. [Thank you, Ryne Handelman]
5012) A venture operations manual establishes a comprehensive source of company policies and procedures.
5013) Experience cuts costs ... the more we do something, the better we get at doing it.
5014) Creative people experiment and iterate ... yes, no, yes, no, maybe, maybe not ... wow! [Thank you, Emma L Murray]
5015) Silly things do cease to be silly if they are done by sensible people in an imprudent way. [Thank you, Jane Austen]
5016) Do everything as if our customers are standing right by our side ... we should not be embarrassed by our business practices.
5017) How to retain customers: keep them happy!
5018) Be open to suggestions.
5019) Much of what we see and hear becomes irrelevant after a week or so, so we have to keep seeing and hearing week after week after week.
5020) Users are more productive with the mouse when they have less distance to travel and a larger target to click on to do their task. [Thank you, Paul Fitts]
5021) A venture operations manual promotes continuity in management style throughout the organization.
5022) Our learning has just begun ... again!
5023) A key marketing objective is to generate leads ... and lots of them! These leads lead to new customers!
5024) Can we promote our venture with programs and yearbooks?
5025) Anger is a brief madness ... but it can do damage that lasts forever.
5026) The importance of grace; The knowledge that power is nothing without respect; Why one must have patience, positivity, perspective, manners, kindness, and humility; Always, To everyone, (No exceptions); The joy in treating people as a gift rather than a burden; How far choosing gratitude can get you ... If I know anything about any of this, It’s because I was lucky enough to have learned from the very best at the very beginning. (Thank you, Anne Hathaway)
5027) Be the best at what we do ... nobody else be better! [Thank you, Richard Branson]
5028) More than three or four people leading the venture and the communication channels start to become too complex.
5029) Get voted onto the team every day. Don't drop the ball too many times or the game is over.
5030) Skilled innovators and entrepreneurs are able to go beyond logical expectations.
5031) Art can free the soul but damage the pocketbook.
5032) See our vulnerabilities so we can guard them from attack!
5033) A venture plan serves as an alignment tool for a new business venture . [Thank you, Tom Byers]
5034) Common bootstrapping strategy: network wherever and whenever possible.
5035) Bread and water can so easily be toast and tea. [Thank you, Kathy Hatch]
5036) Define the terms of engagement.
5037) Our ability to change can change the world.
5038) Left alone, muddy water will gradually become clear ... but when?
5039) Talk is cheap ... action is valuable.
5040) People like people who compliment them, and complement them.
5041) Of all the words of mice and men, the saddest are "It might have been.". [Thank you, Kurt Vonnegut]
5042) Business: an organization focused on the work that has to be done to profitably solve customer problems better than the competition ...
5043) The old mantra was to make the brand irreplaceable ... that's not enough today ... now the brand has to be irresistible! [Thank you, Kevin Roberts]
5044) If it sounds too good to be true, it probably is.
5045) Rub them against our teeth ... a real pearl will grate. [Thank you, Tom Parker]
5046) People influence people. [Thank you, Robert F Mager]
5047) It doesn't matter if a cat is black or white so long as it catches mice. [Thank you, Deng Xiaoping]
5048) Be proactive, not reactive.
5049) Don't just talk, act.
5050) It takes twenty attaboys to make up for one oh-shit! Corollary: The attaboys are a lot harder to come by, too!
5051) Watch, listen, learn ... practice, understand.
5052) Keep our eyes on the road ahead ... the road behind is history.
5053) Search Engine Optimization (SEO): making changes or adjustments to a website with the intent of improving its search engine rankings ...
5054) Branding mistake: no focus. [Thank you, Jarad Hull]
5055) Some people see things as they are and say “Why?” ... I dream things that never were and say “Why not?!”. [Thank you, George Bernard Shaw]
5056) To invent, we need a good imagination and a pile of junk. [Thank you, Thomas Alva Edison]
5057) Types of revenue models ... unit sales, advertising, data, intermediation, licensing, franchising, subscription, professional, utility and usage.
5058) Listen before speaking.
5059) Word of mouth doesn't just happen ... it happens because 1] we are amazingly better than everyone else at what we do, or 2] we are amazingly worse than everyone else!
5060) Income Statement: a financial document that gives operating results for a specific period (typically monthly, quarterly, and annually).
5061) Not all accidents are bad.
5062) Search others for their virtues, ourself for our vices. [Thank you, R Buckminster Fuller]
5063) We can do things quicker than we think, or we can drag them out longer than anyone could imagine. Tick, tock, watch that clock, the time it could a wastin'.
5064) Pique the interest of the reader.
5065) Where there is creativity, there exists a chance of conflict. [Thank you, Thomas Quick]
5066) The vast majority of patents don't make any money ... the inventions simply aren't better than the existing alternatives! [Thank you, IEEE Spectrum]
5067) Never underestimate the power of a happy customer. [Thank you, Ian Lurie]
5068) Be the best in the world ... if not the world, our community!
5069) No one is above the law ... hard to run a business from a jail cell!
5070) Procrastination is opportunity's natural assassin. [Thank you, Victor Kiam]
5071) It takes understanding to create desire ... make it easy for our customers to understand.
5072) It is better to be first in the mind than to be first in the marketplace. [Thank you, Jack Trout]
5073) Innovator's Dilemma: if we create something new our something old may be obsolete ... what impact might that have on our venture in the short and long run?. [Thank you, Clayton M Christensen]
5074) Industry Map: a visual and/or written representation of all players in an industry.
5075) Few things are impossible to diligence and skill. [Thank you, Samuel Johnson]
5076) Have a stock of promotion items that we can use as giveaways at our trade show booth. [Thank you, Susan Ward]
5077) Common Mistake: "We don't have to talk to our customers, we already know what they want!"
5078) Catalog: a publication containing details and often photographs of items for sale. [Thank you, Google Dictionary]
5079) A person makes a name, not a name the person. [Thank you, Barbara Ann Kipfer]
5080) Drive as we would have others drive.
5081) Write a haiku for our venture.
5082) Offer incentives to stimulate ideas ... the best incentive is "thank you".
5083) Write thank-you notes ... build our network of people who have helped us in the past and hopefully in the future, too.
5084) It's important that we like who we work with, and they like us ... trust and be trusted.
5085) Focus a new venture on niche markets to start, broader markets will come with experience.
5086) Bear down!
5087) Assignments: a task given to someone as part of a job.
5088) The truth is necessary. [Thank you, New York Times]
5089) Help when it's needed is the best kind of help.
5090) Successful entrepreneurs have an ability to identify high-potential business opportunities. [Thank you, Lynda Applegate]
5091) Environment: the setting or conditions in which a particular activity is carried out.
5092) Whenever we fall, let's pick something up. [Thank you, Oswald Avery]
5093) Promote our venture with door-to-door canvassing?
5094) Successful innovators and entrepreneurs have an insatiably curious approach to life and an unrelenting quest for continuous learning. [Thank you, Michael J Gelb]
5095) To retain and gain customers, keep innovating.
5096) Don't be wasteful.
5097) Cents or sense ... if we don't have many cents, we will need a lot of sense.
5098) We don't necessarily need to make everything work ... some things just need to sit there.
5099) Think of our new idea in terms of its product/service features, the benefits to customers, the personality of our company, what key messages we'll be relaying, and the core promises we'll be making to customers. [Thank you, Guy Kawasaki]
5100) To kill creativity, just say: "The rules are ..."
5101) Every tale can be told in different ways.
5102) Apply all we've got to the project at hand.
5103) Complex scientific equations can be approximated within an order of magnitude using only calculations performed within the space available on the back of an envelope. [Thank you, Enrico Fermi]
5104) Customer problems portrayed from unpalatable pain to passionate pleasure.
5105) Types of business plans ... back of a napkin, sketches, business model canvas, business brief, feasibility study, pitch deck, formal written business plan. [Thank you, Heidi M Neck]
5106) Promote our venture with signs towed by airplanes? Hey, why not?
5107) Key question for our venture: What are our core competencies?
5108) Eighty percent of sales comes from twenty percent of the customers.
5109) If the fans don't wanna come out to the ballpark, no one can stop 'em. [Thank you, Yogi Berra]
5110) Let's get our team all psyched up and ready to go.
5111) 1.61803398875 ... the Golden Mean, the Golden Section, or the Golden Ratio ... an expression that describes what is generally considered to be the universally perfect proportions in sciences such as architecture and anatomy ... two quantities are considered to be in a perfect golden ratio if the larger quantity is approximately 1.61803398875 times the smaller one.
5112) Cream rises to the top.
5113) Be accurate and correct.
5114) When it is dark, we can see the stars. [Thank you, Ralph Waldo Emerson]
5115) There is a fortune at the end of the rainbow ... it's getting to that end that's hard.
5116) Explain things simply.
5117) Sweat Equity: ownership earned by the entrepreneur in lieu of taking a salary.
5118) Some things don’t have a particular order to follow ...
5119) The conventional view saves us from the painful job of thinking. [Thank you, John Kenneth Galbraith]
5120) Doing is more valuable than thinking about doing.
5121) Most patents do not make money ... only about 2% are "winners" ... these are the 2% of patents that are not only inventive but also innovative ... they are both new and better than what is already out there. [Thank you, IEEE Spectrum]
5122) Beware of false profits ... "cooking the books" is not a sustainable business practice not to mention illegal, immoral, and unethical!
5123) Experience the luxury of doing good.
5124) We have brains in our head, we have feet in our shoes, we can steer ourselves any direction we choose, we're on our own, and we know what we know, and we are the ones who'll decide where we go. [Thank you, Theodor Seuss Geisel]
5125) Market valuation factors ... market conditions, competition, market opportunity, value added, market comparables.
5126) Look for the critical success factors. Manage them first. [Thank you, Amar Gupta]
5127) A mind is a terrible thing to waste. [Thank you, UNCF]
5128) Continually identify new technology solutions.
5129) Nothing is impossible for the person who doesn't have to do it themself.
5130) Communications must have AIDA ... AIDA is an acronym for Attention, Interest, Desire, Action ... every ad or promotional activity should have those four elements.
5131) Got SPLUCK? ... Skills, Passion, LUCK ...
5132) See us first at the finish line.
5133) Avoid offering unsolicited advice.
5134) All our dreams can come true, if we have the courage to pursue them! [Thank you, Walt Disney]
5135) Start by copying the best-of-the-best competitor, then do it better than them.
5136) If we can dream it, we can do it. [Thank you, Walt Disney]
5137) Complete: all the parts ... not likely our venture plan will ever be complete, but don't let that stop us from going forward!
5138) Easy to see, hard to do.
5139) First things first ... set priorities, then do them top to bottom, not the other way around (quite common ... lower priority items are easier than higher priority so often get done first) ...
5140) Treat others like we want to be treated. What would we think if we were a customer of our venture?
5141) Mental Error: "We're going to make a ton of money!" ... In pennies, a ton of money is $3,632.02. That's not too bad. A ton of hundred dollar bills is $90,800,000. Now that's a bit more challenging. It's also a pretty broad spectrum and pretty vague!
5142) If we haven't found something strange during the day, it hasn't been much of a day. [Thank you, John A Wheeler]
5143) Don't rule out quitting ... if the glove don't fit, maybe we shoulda quit and find something more comfortable to wear? ... there may well come a time when we have to cut our losses and move on with life ... don't make a rash decision! [Thank you, Mike Birbiglia]
5144) Key question for our venture: What is the planned use of proceeds from this round?
5145) If they're reading, they're not listening ... that's why we should keep the number of words on our slide presentations to a minimum ...
5146) Watch our thoughts; they become words ... watch our words; they become actions ... watch our actions; they become habits ... watch our habits; they become character ... watch our character; it becomes our destiny. [Thank you, Frank Outlaw]
5147) Consistency is the last refuge of the unimaginative. [Thank you, Oscar Wilde]
5148) No great thing is created suddenly. [Thank you, Epictetus]
5149) Wisdom is knowledge in action. [Thank you, Austin Sams]
5150) Planes or Trains or Automobiles ... what should we focus on today?
5151) Growth: the process of increasing in size.
5152) When all aspects of our organization are aligned with our brand ... amazing things can happen! [Thank you, Leslie Bromberg]
5153) Simple, short, sweet, and clear ... for all our communications.
5154) Analysis: detailed examination of the elements or structure of something, typically as a basis for discussion or interpretation. [Thank you, Google Dictionary]
5155) Make the competition irrelevant. Be so much more than them!
5156) Give the credit where it is due. [Thank you, Joann MacMaster]
5157) A venture operations manual reduces the number of emotional decisions, encouraging a businesslike climate of objectivity.
5158) Can we promote our venture with placemats?
5159) Have good manners. [Thank you, Danila Margaret Rajski]
5160) Ask for help ... identify good consultants, mentors, advisors, and collaborative partners that we can lean on now and then.
5161) Generalist: a person competent in several different fields or activities.
5162) The sale is not final until the check clears the bank ... and even then, the customer could still come back for a refund!
5163) A potential business model: Aggregate, compile, or distribute information.
5164) Our e-mail address is our personal brand, so keep it professional and simple. [Thank you, Kevin Tofel]
5165) The creative instinct is an enormous super energy which no single life can consume. [Thank you, Pearl Buck]
5166) Successful innovators and entrepreneurs are committed to success.
5167) Making a great presentation: Use visuals (slides) sparingly ... a rule of thumb is one visual for every one to two minutes of presentation time ... fifteen minute presentation means fifteen slides. [Thank you, Ian McKenzie]
5168) The truth has no agenda. [Thank you, New York Times]
5169) We do not merely want to be considered just the best of the best ... we want to be the only ones who do what we do! [Thank you, Jerry Garcia]
5170) The standard angel investor folklore is that 1 investment out of 10 will "make it big", 2 or 3 will be "living dead", and the other 6 or 7 will fail ... so, in essence, angel investors are wrong 9 times out of 10!
5171) Contingency Plan: an alternative course of action to follow if our primary path to success isn't leading us there.
5172) Comme ci comme ça ... like this like that.
5173) What we anticipate seldom occurs; what we least expect usually happens. [Thank you, Benjamin Disraeli]
5174) Key question for our venture: How can we build out our business concept?
5175) Learn “best practices” from firms that operate both inside and outside our industry. [Thank you, William Bygrave]
5176) Have people stand during meetings ... tends to keep things on track, short, sweet, to the point, and with less rambling on and on! [Thank you, Todd Adams]
5177) Is it a right-brain creative meeting, or a left-brain analytical meeting, or a meeting just to convey information? ... don't mix them up or we'll all get confused ...
5178) How can we answer this question: How will our venture attract and retain talent?
5179) Key question for our venture: Who are our indirect competitors? ... what do we know about them now? What else do we need to know about them?
5180) Dreams can become realities if we put our minds to work!
5181) A real entrepreneur is somebody who has no safety net underneath them. [Thank you, Henry Kravis]
5182) Entrepreneurs are often objective thinkers.
5183) Need: something that is a necessity as opposed to a preferred want or desire ... "I need food, I want a pizza, I desire pepperoni on the pizza."
5184) There is only now ... the past is just a memory, the future is but a dream.
5185) Formula: a method, statement, or procedure for achieving something ... there are few magic formulas with business ventures, but there are benchmarks from which we can learn what does and doesn't work.
5186) Initial Public Offering (IPO): a corporation's first offer to sell stock to the public.
5187) We win more sales by energizing our current customers than by trying to capture new ones. [Thank you, John McCain]
5188) Skilled innovators and entrepreneurs are able to juxtaposition two or more incongruities.
5189) Empathy is a critical skill for innovators and entrepreneurs. [Thank you, P G Greene]
5190) Leadership is getting someone to do what they don’t want to do in order to achieve what they want to achieve.
5191) Time is the longest distance between two points. [Thank you, Tennessee Williams]
5192) Some of the world's greatest feats were accomplished by people not smart enough to know they were impossible. [Thank you, Doug Larson]
5193) Out of the mouths of babes come great truths.
5194) How to improve our financial bottom line: hone our operational model to become more efficient and effective.
5195) Prospect: short for Prospective Customer ... someone who is likely to buy from us.
5196) When we have a brilliant idea, instead of making others think it is ours, why not let them cook and stir the idea themselves?. [Thank you, Dale Carnegie]
5197) Key question for our venture: How do we define a market need, want, desire?
5198) I do not think there is any thrill that can go through the human heart like that felt by the inventor as she sees some creation of the brain unfolding to success ... such emotions make a person forget food, sleep, friends, love, everything. [Thank you, Nikola Tesla]
5199) Lost opportunities cannot be recalled ... except in our minds, and that can give us a headache!
5200) A venture plan is ready when the investors are willing to put up the money to launch ... get the investors involved early in the creation of the plan!
5201) Drive our dreams.
5202) A mistake is food for creativity, fuel for competition.
5203) Set up a realistic budget, and stick to it.
5204) If we're wrong, at least do it with style and grace.
5205) Forward or Backward ... what should we focus on today?
5206) Bill of Material (BoM): a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts and the quantities of each needed to manufacture an end product. [Thank you, Google Dictionary]
5207) Be bold enough to make stuff that's small but great. [Thank you, Mike Birbiglia]
5208) Decision: the action or process of deciding something or of resolving a question.
5209) The future is not what will happen ... the future is what is happening! [Thank you, C K Prahalad]
5210) Ask around.
5211) If the climate is cold, move somewhere warm ... if the customers just aren't heating up, let's try somewhere else.
5212) Damn the torpedoes, full speed ahead. [Thank you, David Glasgow Farragut]
5213) Potential venture legal issue: Failing to incorporate early enough. [Thank you, Connie Bagley]
5214) Take it all as it comes.
5215) Innovation and entrepreneurship are more art than science.
5216) Skilled innovators and entrepreneurs are able to think logically, clearly, sensibly.
5217) Some questions have no answers ... some answers have more questions.
5218) Every exit is an entry somewhere else. [Thank you, Tom Stoppard]
5219) What does it mean to "make it"? ... if we don't know what that means, how will we know if we're there?
5220) Eat less, exercise more. [Thank you, James Arnold]
5221) Speak when we're angry and we'll make the best speech we’ll ever regret. [Thank you, L J Peter]
5222) Can we promote our venture with print on the box/container?
5223) Miracles multiply with sharing.
5224) All marketing has a message ... what's ours?
5225) Strive for value ... better benefits, lower price.
5226) Strategic Position: the orientation of a venture in relation to the environment, in particular, the competition.
5227) It is better to bend than to break.
5228) Doing is learning ... doing it badly is still learning, but the lessons are much harder and more painful. [Thank you, Gina Trapani]
5229) Holy Cow: something that gets attention, or something that cannot be touched.
5230) If we have just one wish, make it an idea.
5231) The M’s of Operations: money, machinery, manpower, mission, messages, material, methods. [Thank you, Buck Crouch]
5232) Hook readers right away with the executive summary, otherwise it is unlikely that they will read any other part of the plan. [Thank you, Andrew Corbett]
5233) Substitute ... What can we substitute? ... what can be used instead? ... who else instead? ... what other ingredients? ... what other material? ... what other process? ... what other power? ... what other place? ... what other approach? ... what other sounds? ... what other forces? ... "Instead of ... I can ..."
5234) Can we promote our venture with drive-time radio?
5235) Identify our biggest and best opportunity.
5236) Focus first on building customer loyalty ... if we keep them happy, they'll keep us happy!
5237) Successful teams collaborate.
5238) Describe the types and strengths of complementary relationships between companies in this industry.
5239) Quality is never an accident ... it is always the result of high intention, sincere effort, intelligent direction and skillful execution; it represents the wise choice of many alternatives, the cumulative experience of many masters of craftsmanship . [Thank you, Rhoberta Shaler]
5240) Can we promote our venture with postcards?
5241) An artist does not know when she is going to paint a masterpiece ... (As for Jim, I know I'm going to paint a messterpiece!)
5242) How can we answer this question: Should we donate our products?
5243) Don't be a rubber stamp ... think!
5244) Key question for our venture: What are the key metrics that our management team focuses on?
5245) Don't tell ‘em, show ‘em!
5246) Experiment: a procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact. Life is one big experiment.
5247) The future is what we make it.
5248) Promote our venture with loudspeaker announcements?
5249) Key question for our venture: What weaknesses do we need to strengthen in our venture? ... how are we going to do that?
5250) Can we license our products?
5251) The best success comes after failure.
5252) The cure for boredom is curiosity ... there’s no cure for curiosity. [Thank you, Dorothy Parker]
5253) Distribution: the act of distributing, or moving goods (products) to market for ultimate sale to end-user customers.
5254) It’s one thing to talk of bulls, it’s another to be in the bullring.
5255) Use focus groups to gather primary research data.
5256) Stable Venture: an organization that has become financially self-sustaining and no longer requires survival investment.
5257) Plant yellow flags where needed ... this might not work out like we thought!
5258) Laggard: the last group of potential customers to adopt a new technology or innovation in the technology adoption life cycle.
5259) The rate at which angel-backed companies go public or get acquired is about 1 to 1.5 percent. [Thank you, Scott Shane]
5260) Bad news drives good news out of the media. [Thank you, Lee Loevinger]
5261) How to change our financial bottom line: change our business model. Is there a better, more efficient, more effective way of running our business?
5262) A rotting fish begins to stink at the head. [Thank you, Racine Salmon-a-Rama]
5263) We are here now ... where is it we want to be tomorrow?
5264) Character is what we have left when we've lost everything else. [Thank you, Evan Esar]
5265) There's idea creativity, material creativity, spontaneous creativity, event creativity, organizational creativity, relationship creativity, inner creativity, productivity creativity ... how can we not find somewhere to be creative some more. [Thank you, William C Miller]
5266) To kill creativity, just say: "We tried that and it didn't work ..."
5267) Do background research first.
5268) Skilled innovators and entrepreneurs are objective in their approach to interpersonal relationships.
5269) Allow time for random exploration.
5270) Use a good mind in good ways.
5271) Social Responsibility: an obligation to act in ways that benefit society at large.
5272) Accounting: the action or process of keeping financial records. [Thank you, Google Dictionary]
5273) To act is easy, to listen is hard, to understand even harder!
5274) Think of intuition as rapid cognition or condensed reasoning that takes advantage of our brain's built-in shortcuts. [Thank you, Carlin Flora]
5275) The truth is sometimes hard to accept. [Thank you, Donald Trump]
5276) I'm tryin' to think, but nothin' happens! ... there are those days, eh?
5277) Be careful not to be led astray by the needs, wants, and desires of just one customer ... some customers can be quite persuasive ... make sure their needs, wants, and desires are representative of the majority of our key customers.
5278) Identify the pros and the cons ... the ups and the downs, the rights and the lefts, the starts and the stops.
5279) We can cope with difficult situations ... we've done it before, we can do it again ... just hang in there, hard as it may be.
5280) Good communication is as stimulating as black coffee ... and just as hard to sleep after. [Thank you, Anne Morrow]
5281) The role of the Board of Advisors is to offer a source of expert guidance and feedback to the lead entrepreneur. [Thank you, Andrew Corbett]
5282) The more brains we use, the less material we need. [Thank you, Meredith Ray]
5283) Create a psychographic profile of our target market: characteristics based on attitudes, values, lifestyles, desires, business styles, and behavioral characteristics. [Thank you, Rhonda Abrams]
5284) The secret of success is doing something we love.
5285) Desire: strong feeling of wanting to have something that is not absolutely needed.
5286) Get our team all psyched up and ready to go.
5287) Venture building is far more art than science ... if it were easy, everyone would do it!
5288) The right answer to the wrong problem is very difficult to fix. [Thank you, Peter F Drucker]
5289) Make a model ... test it out ... if the model works, make some more.
5290) If it’s a good idea today, will it be a good idea tomorrow? ... odds are, yes. [Thank you, Warren Buffett]
5291) Persuade by example ... or carry a really big stick!
5292) The whole truth is seldom simple, simple is seldom the whole truth.
5293) Do not overwork a willing horse. [Thank you, Mr Ed]
5294) Typical new venture startup expenses: materials and supplies, equipment, facilities, labor, fees, people, places, things.
5295) Review the venture marketing and sales plan quarterly ... not too often but not too long between either. If everything is pretty much on track, that's great. If it's not, why not and what do we need to do to "course correct"?
5296) Listen and learn. [Thank you, Kenia Manriquez]
5297) The harder we work, the luckier we'll get. [Thank you, Gary Player]
5298) Skilled innovators and entrepreneurs are not willing to give up. They hang in there. They just know they're on to something, even though getting there takes a whole lot of work and energy.
5299) Beware of false profit prophets.
5300) Skilled innovators and entrepreneurs ask questions, and lots of them. And they take notes. And they learn from the mistakes of others rather than making them all over again themselves.
5301) Behind every great fortune lies a great crime. [Thank you, Mario Puzo]
5302) To Know or Understand ... what should we focus on today?
5303) Like an epidemic, change so often happens quickly and unexpectedly. [Thank you, Malcolm Gladwell]
5304) Entrepreneurial Mindset: the ability to recognize opportunities for innovation and enterprise.
5305) Can we promote our venture with discount premium booklets?
5306) Modify, minimize, magnify ... can we modify our product, service, or process in some way? ... change meaning, color, motion, sound, smell, form, shape? ... other changes? ... how can we 'minify': what can we remove? make smaller? condense? miniaturize? lower? shorter? lighter? omit? streamline? split up? understate? ... how can we magnify: what can we add? more time? greater frequency? stronger? higher? longer? thicker? extra value? plus ingredient? duplicate? multiply? exaggerate? ... "I can modify/minimize/magnify.. in this way ... to ..."
5307) Write the venture executive summary after we have gained a good understanding of the business by working through all the other sections of a business plan. [Thank you, Andrew Zacharakis] ... Write the venture hypothesis (same format as the executive summary) first so we can gain a good understanding of the business by working through all the sections of a business plan.
5308) Focus on making an impact, a big bang, a loud gong, a bright and wonderful and splashy entrance on the big stage! [Thank you, Liberace]
5309) Form: the visible shape or configuration of something. Products and services have a form, fit, functions, features, and feel. Great products have a blend of F's that customers need, want, and desire.
5310) Branding mistake: trying too hard ... we want our customer to notice us but not be intimidated! [Thank you, Jarad Hull]
5311) Accident: an incident that happens unexpectedly and unintentionally ... accidents aren't always bad things ... many great discoveries were made by accident. (The core element of the common household smoke detector was discovered by accident!)
5312) Beware: "investors" that want money to introduce us to other "investors".
5313) Investor: an individual or organization that commits capital to a venture in order to gain financial returns over a period of time.
5314) Company culture is incredibly difficult to change ... do it right from the start and right from the heart.
5315) Customer Funding: a business arrangement between a venture and its customer wherein the customer agrees to provide the venture with some level of up-front funding in advance of delivery of the product or service ... many successful businesses are begun by making a sale first, they finding ways to deliver the goods.
5316) So many people, so many opinions ... there is nobody else like us and it is a mistake to think they are like us because they are not like us nor we like them.
5317) It’s hard to take an interest in work we don’t like. [Thank you, Francis Bacon]
5318) Denial is not a river in Egypt. [Thank you, Al Franken]
5319) Skilled innovators and entrepreneurs are mentally and physically healthy.
5320) KISS: Keep it simple, stupid. [Thank you, Seymour Cray]
5321) Write with the reader in mind. [Thank you, William N Yeoman]
5322) If it looks right, it's right ... if it don't, it ain't! [Thank you, David Rogers]
5323) Team time together ... take a little break and get to know each other better.
5324) To kill creativity, just say: "It's never been done before ..." ... To encourage creativity, just say: "WOW! It's never been done before ..."
5325) I cannot say whether things will get better if we change ... what I can say is they must change if they are to get better. [Thank you, Georg C Lichtenberg]
5326) Assume risk in exchange for reward. Make sure the two are in balance.
5327) How to attract new customers: use a famous and respected spokesperson to tell our story.
5328) When we succeed, be further inspired . [Thank you, Reid Wilson]
5329) Starting to do something is the hardest part of starting to doing something.
5330) Always be better ... better is better than best ... someone else may think they are the best, but we're better ... best is stationary, better is moving ahead
5331) Stay hungry, stay foolish. [Thank you, Steve Jobs]
5332) How to kill creativity, just say: "We don't have money ..."
5333) Task and assignments: who is going to do what, when, where, why and how?
5334) Reinvent ourselves, or risk becoming obsolete. It is an innovator's dilemma ... if we make something new and better, it may well obsolete what we already do, but if we don't make something new and better, what will happen to us if someone else does?
5335) Experience is that marvelous thing that enables us to recognize a mistake when we make it again. [Thank you, Franklin P Jones]
5336) Corporate entrepreneur credo: Be thoroughly engaged, take ownership, and persevere. [Thank you, Gifford Pinchot III]
5337) Don't burn the bridges behind us ... we might need them to get out later.
5338) It’s never a shame when we admit we don't know something, and often a shame when we assume that we do. [Thank you, Eric Zom]
5339) Can we promote our venture with envelope stuffers?
5340) Be prudent and careful for the future because that's the only place in time we can go. Time keeps on tickin'.
5341) People think in terms of people ... the primary function of the brain is to deal with social interactions ... feature people through names, personal pronouns, quotes, testimonials, stories, photos of satisfied customers, et al in our advertising. [Thank you, Dean Rieck]
5342) Wise people learn when they can ... fools when they must. [Thank you, Arthur Wellesley]
5343) A good business plan provides a rational explanation of why the investor should trust the management team to do what they say they are going to do. [Thank you, University of Wisconsin colleagues]
5344) Put as much money as we can into the marketing budget to get the ball rolling for our new venture. Once we're stable, we can likely trim it back, percentage-wise.
5345) Beware of multiple-meaning words ... when someone says "Wow!", it's not necessarily a good thing.
5346) The is no great success without great commitment,
5347) There are two kinds of people in this world: those who finish what they start,
5348) Th-th-th-that's all folks! [Thank you, Porky Pig] ... On the other hand, we're having so much fun, why stop now?
5349) Law firm NOT recommended: Dewey, Cheatem, and Howe, LLP
5350) Productivity tends to come in bursts.
5351) Better is better than best. If you are the best but I am better, aren't I better than best?
5352) Make friends with a really good librarian! [Thank you, Jason Dewland ... one of the very best librarians who's helped me many a times!]
5353) Save Swing Jazz, Pelicans, and Oxford Commas. [Jim's Favorite Saying!]
5354) Everything is easy for someone who doesn't have to do it!
5355) The difference between a million and a billion: a million seconds is 11.574 DAYS; a billion seconds is 31.662 YEARS!
5356) Organic: home grown, the things that we do ourselves in our venture.
5357) Be good, do good. [Thank you, Erin Mary Hughes]
5358) Mary, Mary, quite contrary, how does your venture grow? Probably not too well if you're a contrarian to your customer's needs, wants, and desires. Just sayin'.
5359) Be kind. It doesn't cost anything.
5360) Do your homework. [I wrote a book called 5280 Tips for Innovators and Entrepreneurs. I used "5280" because I thought that number had some built-in memorability (the number of feet in a mile). I didn't do my homework! Turns out, it's not all that memorable after all ... number of feet in a mile is deep trivia! Rather, far more people recognize 5K than 5280. So, a little re-branding here ... this is 5K Tips for Innovators and Entrepreneurs. And now, I'm also promising less (5K < 5280) but delivering more! --Jim]
5361) We can never truly know the daily struggles of others, so let us not be so quick to judge.
5362) Oh, the places we'll go with our venture! [Thank you, Dr Seuss]
5363) Now that there are cameras most everywhere, what ever happened to all those UFOs?
5364) If we do not go after what we want, we can never get it.
5365) If we do not ask, the answer will always be "No!".
5366) If we do not step forward, we'll always be in the same place.
5367) Measure it with a micrometer, mark it in chalk, cut it with an ax. [Thank you, Paul Efron]
5368) Ambiguity is the standard.
5369) Don't just let things happen to us, let us happen to things.
5370) The greater danger for most of us lies not in setting our aim too high and falling short, but in setting our aim too low, and achieving our mark. [Thank you, Michelangelo]
5371) Change is the law of life, and those who look only to the past or present are certain to miss the future. [Thank you, John F Kennedy]
5372) Success is not final, failure is not fatal: it is the courage to continue that counts. [Thank you, Winston S Churchill]
5373) Excellence is not an act but a habit. [Thank you, Aristotle]
5374) Don’t ever wrestle with a pig ... you’ll both get dirty, but the pig will enjoy it. [Thank you, Cale Yarborough]
5375) Those who believe in telekinetics, raise my hand. [Thank you, Kurt Vonnegut]
5376) Never ascribe to malice that which can be explained by incompetence. [Thank you, Napoleon]
5377) Let's try a thing we haven’t done three times. Once, to get over the fear of doing it. Twice, to learn how to do it. And a third time, to figure out whether we like it or not. [Thank you, Virgil Garnett Thomson]
5378) We can do something, but not everything.
5379) Make what we think, say, and do in harmony.
5380) When one door closes, another opens ... but often we look so long at the closed door that we do not see the one which has been opened for us. [Thank you, Helen Keller]
5381) Life is 10 percent what we make it, and 90 percent how we take it. [Thank you, Irving Berlin]
5382) Yesterday is history, tomorrow is a mystery, today is a gift which is why we call it the present. [Thank you, Bill Keane]
5383) Success demands singleness of purpose.
5384) Elements of Successful Innovations >>> 1] Relative advantage: the perceived superiority of an innovation over the current product or solution it would replace. This advantage can take the form of economic benefits to the adopter or better performance ... 2] Compatibility: the perceived fit of an innovation with a potential adopter’s exiting value, know-how, experiences, and practices ... 3] Complexity: the extent to which an innovation is perceived to be difficult to understand or use The higher the degree of perceived complexity, the slower the rate of adoption ... 4] Trialability: the extent to which a potential adopter can experience or experiment with the innovation before adopting it The greater the trialability, the higher the rate of adoption ... 5] Observability: the extent to which the adoption and benefits of an innovation are visible to others within the population adopters. The greater the visibility, the higher the rate of adoption by those who follow ... 6] Functional performance: an evaluation of the performance of the basic function ... 7] Acquisition cost: initial total cost ... 8] Ease of use: use factors ... 9] Operating cost: cost per unit of service provided ... 10] Reliability service needs and useful lifetime ... 11] Serviceability: time and cost to restore a failed device to service ... 12] Compatibility: fit with other devices within the system.
5385) Excuse me but there's no excuse for this! I'm not content with this content! [Thank you, Sandra DeCesaro]
5386) The quieter we become the more we can hear.
5387) Show the children birds and bees and butterflies ... creatures that inspire them to defy gravity.
5388) It's OK to cry.
5389) We can do hard things.
5390) Please use kind words.
5391) Soon, customers will say to us, "Oh, thank you so very much for [what?]"
5392) Dig deeper.
5393) Start now.
5394) Read a lot! [Thank you, Marie Wesselhoft]
5395) Change starts from within, and highly effective people make the decision to improve their lives through the things that they can influence rather than by simply reacting to external forces. [Thank you, Stephen R Covey]
5396) Explain, Demonstrate, Identify, Illustrate, Translate, Show, Label
5397) Keep it neat and clean.
5398) Never patronize.
5399) Scammers abound, beware and be aware!
5400) Follow the yellow path roadmap! [Give it a click!]
5401) Communicate and collaborate! (Thank you, Jeff Sales)
5402) Let us all, every day, act with integrity, think entrepreneurially, embrace change, and transform our challenges into opportunities. [Thank you, Karl Eller]
5403) We do not inherit the earth from our ancestors, we borrow it from our children. [Native American Proverb]
5405) Be consistently consistent with customer care and caring.
5406) Not every passenger seat on an airplane is equal. [Thank you, Alex Roehrig]
5407) Always do good in the world. [Thank you, Austin Sams]
5408) Give back. [Thank you, Bill Quiroga]
5409) Make the best peach pie ever, and they'll remember it forever! [Thank you, Candy Hughes Yugo]
5410) Pain point: something that needs fixing.
5411) Capture the chemistry within. [Thank you, Elyse Dobkin Wexler]
5412) Give it your all, and then some. [Thank you, Frank DeCesaro]
5413) When creating a new product or service, try: something old, something new, something borrowed, something blue.
5414) Remember that for every little thing that we do know, there are a million little things that we don't ... it's in this vast realm of the unknown where the greatest ideas and innovations are born. [Thank you, Victoria Ogino]
5415) If we get tired, let's rest not quit.
5416) They who stop being better stop being good. [Thank you, Oliver Cromwell]
5417) Parking lot: a holding pen for ideas that those in charge plan to address, but never will.
5418) Avoid custom components.
5419) Problems worthy of attack prove their worth by hitting back. [Thank you, Piet Hein]
5420) Bandwidth: geeky, pretentious shorthand for available manpower. [Thank you, Forbes magazine]
5421) Spread the word! [Thank you, Ken Crowell]
5422) Well, here's another nice mess you've gotten me into. [Thank you, Stanley and Oliver]
5423) Treat others the way they want to be treated. [Thank you, Roy Peter Clark]
5424) Don't celebrate closing a sale, celebrate opening a relationship. [Thank you, Patricia Fripp]
5425) Every accomplishment starts with the decision to try. [Thank you, Gail Devers]
5426) Oingo boingo. Think. Dance. Enjoy life.
5427) The next door cannot be opened until we have closed the one behind or the beautiful butterflies might escape before we've had a chance to enjoy them. [Thank you, Tucson Botanical Gardens Butterfly Magic]
5428) Journalism quotes facts, urinalism quotes quacks.
5429) Promptly pay vendors and they'll be prompt when we need them. Vice versa, pay special attention to customers that promptly pay us.
5430) I know someone who knows they are the only someone with a good idea. Sad and too bad.
5431) Where's the beef? [Thank you, Wendy's]
????) Coming Soon!