by Lea Strickland | Jul 31, 2014 | Business Articles, Business Growth, Entrepreneur, Small Business, Start-up
“How can you do that?” It is a frequent question. “You do so much; aren’t you afraid to fail?” Yes, everyone is afraid to fail to some degree, but it gets less as time goes on and you get use to it. Everyone fails at something, usually every day. You fail to...
by Lea Strickland | Jul 31, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Business Management, Capability, Entrepreneur, Leadership, Small Business, Start-up
Businesses are usually started because of the founder’s belief in the “product”. The founders are innovators in a technology, a physical product, a service, or a process. These entrepreneurs know their “product”. They may or may not know how to do business. Some of...
by Lea Strickland | Jul 31, 2014 | Business Articles, Competitiveness, Entrepreneur, Leadership
As a child you may have played “Follow the Leader,” which is a fun game—for children. In business, playing follow the leader into new products and markets can be an effective strategy that can also be profitable——in the short term. However when you have a product or...
by Lea Strickland | Jul 31, 2014 | Business Articles, Entrepreneur
All too often, when companies are created there is little thought about what the legal structure of the organization should be. Even when there is extensive counsel with legal advisors, the true consequences and impact of the choice are rarely understood, because the...
by Lea Strickland | Jul 31, 2014 | Business Articles, Business Growth, Commercialization, Entrepreneur, Government Funding Compliance, Perspectives, Small Business, Start-up
If you’ve ever spent the day working on compliance with government grant and contract awards from the recipient side, you will understand the following statement: The biggest cost reductions opportunities are in reducing the complexity and variation of requirements on...
by Lea Strickland | Jul 31, 2014 | Business Articles, Business Growth, Business Management, C.O.R.E. Business System, Capability, Commercialization, Credibility, Entrepreneur, Government Funding Compliance, Start-up, Viability, Visibility
To begin a discussion of commercialization, we must begin with a few definitions. First, for convenience, the term “product” will be all inclusive of the following: technology, software, protein, textile, device, system, component, etc. Second, “commercialization” is...
