Entreprenuers Archives - Modern Logic

Are Your Eyes Too Big for Your Project?

Are Your Eyes Too Big for Your Project?

With Thanksgiving behind us and the December Holiday fast approaching, it always gets me thinking about overeating. One more piece of pie won't hurt me, or constantly grazing all the treats laid out even when I am not hungry. It doesn't seem like a big deal until you are so stuffed you feel awful for a couple of hours, or even worse, you step on the scale in January, and you wonder where that 10 lbs came from. Where are you going with this? Thanks for the digestion tips, Chip, but how does this apply to the software project I am working on? Just like having one more piece of pie, adding another feature or a string of changes to your project or sprint can cause you and your team a large amount of heartburn. Making choices like this in a vacuum, without considering the impact on other features or the team, doesn’t just hurt yourself. It impacts the entire team, the project, and your budget. Suddenly everyone is sitting on the couch saying I don't feel well. Meal/Sprint [...]

By Modern Logic|2022-12-15T15:33:32-06:00December 15, 2022|Development, Strategy, Technology|Comments Off

The Business of Digital Innovation:
Get to Market Fast

The Business of Digital Innovation:
Get to Market Fast

Last month at Twin Cities startup week, we gave five presentations aimed at helping product teams build better product businesses while avoiding common pitfalls. As part of a new series on our blog called the Business of Digital Innovation, I’ll be boiling these down into key takeaways that you can use in your product business today. For the second part of our series, I’m going to be giving some tips about making the right choices to get to market quickly. But before we get into how to get to market quickly, let's talk briefly about what getting to market quickly is all about. It’s Not About Your Competition Most people I talk to about speed assume that I’m talking about getting to market faster than your competition. If you have a good idea, and you implement it properly, and get to market sooner than your competitors, you succeed, right? Not necessarily. First mover advantage is overblown. The market is littered with the corpses of first movers, and second movers, and third movers. Getting to market faster than your competition [...]

By Modern Logic|2022-11-17T11:59:10-06:00November 17, 2022|Development, Strategy|Comments Off

The Business of Digital Innovation:
Picking the Right Team

The Business of Digital Innovation:
Picking the Right Team

4 Tips for Product Teams Last month at Twin Cities startup week, we gave five presentations aimed at helping product teams build better product businesses while avoiding common pitfalls. As part of a new series on our blog called the Business of Digital Innovation, I’ll be boiling these down into key takeaways that you can use in your product business today. For the first part of our series, I’m going to be giving some tips about managing business risk by picking (and sustaining) the right team. Developing Products is Risky As entrepreneurs, inventors, and internal innovators, the endeavor you are about to engage in is a risky one, both for your company and for you personally (if they aren’t one in the same). Most people go into this business with some knowledge of the risks, but we don’t often talk about the reasons why it’s so risky. Unfortunately, a list of all the reasons wouldn’t fit in any reasonable length post. I want to focus on what I think is the biggest contributor: if you’re innovating, by definition you’re [...]

By Modern Logic|2022-10-19T15:55:24-05:00October 20, 2022|Development, Strategy|Comments Off

Growing The Business: What’s Next?

Growing The Business: What’s Next?

In the third webinar of our collaborative webinar series with Lighter Capital, we examined the ways you can build SaaS products that scale. Once you’ve brought your product to market and begin to understand your audience, how do you make money? Dustin Bruzenak, Chip Pedersen, and Jim Moar share their expert opinions. Three Metaphors to Consider Jim tells us, “Think of growing your business like a series of rocket launches. Hopefully the first rocket is successful, but naturally, it’ll reach a point of returning to earth. You need to be well prepared for your next rocket launch… “My lead VP had two good ways to think about this. One, your market growth is a set of concentric circles. Markets 2, 3, and 4 are the next rings surrounding the first market. A mentee of mine started with solo yoga entrepreneurs. He’s now moving into yoga studios and has a plan in place to move into broader areas of fitness. “Another concept is that of a Trojan Horse. With that, you can gain quick entry into a marketplace, and figure [...]

By Modern Logic|2022-10-05T14:15:36-05:00October 6, 2022|Development, Strategy|Comments Off

Ask Andy: A Common Vocabulary for Developers & Entrepreneurs

Ask Andy: A Common Vocabulary for Developers & Entrepreneurs

When startup entrepreneurs connect with developers, they often don’t speak the same language. That’s why Andy Rahn, Principle Engineer at Modern Logic, presented a crash course on developer jargon at Twin Cities Startup Week. Read on, and you’ll be conversational in Developer-Speak in no time! […]

By Modern Logic|2021-11-17T11:11:35-06:00November 18, 2021|App Development, Cool Stuff, Development, Spotlight, Technology|Comments Off