What Startups Can Do To Succeed

Often startups fail due to lack of understanding on how to manage the balance between innovation, product development and customer development. A recent study found the high-tech startup rate peaked in the U.S. in 1982 when it represented 60% of all new firms. Today that rate has dropped by half. While there’s still an explosion of startups spreading across the country because it’s cheaper, faster and easier than ever before to launch a new company, it’s also harder than ever before to succeed and grow, especially in a way that creates jobs and wealth for many people. Learn what modern entrepreneurs and intrapreneurs can do to succeed. Here we share tips on how to overcome common pitfalls and how to use innovation to transform ideas and products into a great business. Thanks to John Beveridge of Rapidan Strategies and Sam Aparacio of Ringio who shared their lessons learned. Upcoming Learning Opportunity In today's business environment, innovation is a key driver. Startups succeed by not only recognizing, but capitalizing on new opportunities that emerge from the evolution of markets, customers and technology. Businesses must constantly be looking at new ways of understanding the world around them. Don’t miss an upcoming Certified Innovation Leader course in Tyson’s Corner on June 16-17. This will equip you with all the tools you need to turn ideas into products customer love. Learn more at http://bit.ly/CILCourse. About the Speaker Hector Del Castillo has over 15 years of experience transforming ideas to products, and products to wealth for technology-based companies by building and directing high performing product teams, improving core business processes and establishing strategic partnerships. He has launched several profitable technology-based products and solutions. He provides services as a consultant, contractor, coach, or trainer to companies that want to grow by strengthening their product portfolio and creating new revenue streams. Hector is a Certified Product Manager (CPM®) and Certified Product Marketing Manager (CPMM®). He earned M.S. degrees in Electrical Engineering from the University of California at Santa Barbara and the University of Texas at El Paso and a Bachelor's Degree in Electrical Engineering from the University of Texas at El Paso. Feel free to contact Hector at http://linkd.in/hdelcastillo if you have any comments or questions.Read less