Products Designed Specifically for Stage 2
INCORPORATE A BUSINESS
The STARTUP Stage begins the transition of the company into a legal entity with product development, patent filing and/or, as soon as possible thereafter, a real customer.
A different management style and focus must be implemented. This first
shift in style is needed to begin following a plan, and dealing with other complexities that start to build with your product development
efforts. It is not likely that you really have your "secret sauce" down yet, as you are still experimenting with what the market
and customers want, how much they will pay for it and how to get to the customer for an efficient sales and marketing plan and process
that can generate a profit.
Time can become the enemy at this stage as a real burn rate is established, which might grow. Typically
the senior executives still not paid and are wearing many hats at this stage. There is much leverage in a quality, experienced management
team to shorten this part of the corporate life cycle and to limit the burn of capital by taking every opportunity to save costs.
The key to success is being adaptable to the real world cost realities and quickly identifying what customers will pay for what you can deliver as quickly as possible. There is trial and error happening daily, and yet keeping up the front that you know what you are doing can be a challenge. Follow an iterative process that will hone in on the minimum product required, market niche, target customers and value proposition that will support the business with real revenue quickly.
PATENT SEARCH SERVICE
If you have a new idea for a product you will need to protect your idea with a patent. Patent protection
will only be available if your idea is unique and innovative.
Startup Professionals will search all available patent online
databases to see if your idea has already appeared in a patent application.
Results and recommendations will be documented
with up to 5 references to support the conclusion. (Call us for a quote on full Patent Filing Service...)
$500.00