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, 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...
by Lea Strickland | Jul 31, 2014 | Business Articles, Business Growth, C.O.R.E. Business System, Capability, Commercialization, Entity, Small Business, Start-up, Viability
Commercialization always involves two components – the technology or product AND the business model. The road to commercialization, however, differs for each business due to many factors: Type or nature of the product/technology/service (the “product”) Experience of...
by Lea Strickland | Jul 30, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Business Management, Business Plans, Capability, Credibility, Entity, Small Business, Start-up, Viability
Funding Early-Stage Companies in Tough Economic Times The Reality of Tight Funding Under the current economic conditions, saying that funding is tight for early-stage companies is the epitome of understatement. The budget is tight, but it is available for sound ideas...
by Lea Strickland | Jul 29, 2014 | Business Articles, Business Growth, Business Plans, C.O.R.E. Business System, Capability, Commercialization, Entrepreneur, Small Business, Start-up, Strategy
Building on last month’s discussion of business plans, we now focus on an understanding of the key elements and the process. The business plan process involves capturing “every” aspect of business operations and the financial implications. If you are...
by Lea Strickland | Jul 29, 2014 | 12-Steps to Start, Business Articles, Business Growth, Business Management, Business Plans, C.O.R.E. Business System, Capability, Entity, Small Business, Small Business, Start-up
In a previous article, “Planning Your Business,” the introduction included the basic elements to consider when starting your own business. This article delves into differences between “planning your business” and a “business plan.” Business plans presents...
