About Mark Frazier Expertise Business Models
Increasing value of ideas
Business boot strapping
Software & High Tech
Entertainment business, video production
Product Development
Creating and Protecting Intellectual Property
New Media Marketing
Internet
Experience 26 years creating new technologies and bringing them to market working with organizations from start ups to multi-national corporations. Created Predictive Innovation Method that allows me to predict all future innovations for any product, service or entire industry and use that information to develop a step-by-step business strategy to create continuously increasing profit margins, decreasing risk and eliminate the threat of competition.
Organizations Product Development and Management Association (PDMA)
Question Why are some entrepreneurial ventures successful almost immediately yet others fail to even reach break even status?
Answer Hello James,
That is a short question with a very long answer. Many books have been written on what makes start-ups succeed and fail.
I highly recommend “Mind of the OutCompete Strategist Volume 1″ (there is a link on my site http://www.markproffitt.com/books/). This book describes one of the biggest threats to start-ups and how to succeed.
There are infinite ways to fail. The short answer for success is "Successful businesses do all the required tasks properly."
Businesses must perform 7 tasks:
1. Reveal emerging expectations (what people will want in the near future)
2. Generate Ideas for satisfying emerging expectations
3. Convert ideas into designs
4. Make products
5. Communicate value to customers
6. Deliver products
7. Get and use feedback
Here are two posts on my blog that cover how to create a successful entrepreneurial venture.
