For survival, the objective of every business should be to bring in revenues which exceed their costs. Even non-profits have to do this to cover overhead costs, unless they rely totally on donations. Yet I continue to see business plans, or even talk to founders, and can’t find the specifics of the
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Martinzwilling submitted the following stories to BizSugar
Investors Reject Plans With No Clear Business Model
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4369 days ago
Is Your Startup Relevant Enough to be Great?
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4370 days ago
Some investors seem to focus wholly on the strengths of your management team, or your sustainable competitive advantage, and in reality these are the core attributes for every funding equation. While these may be necessary for funding, they may not be sufficient to make your startup the great succe
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5 Ways to Hire People Who May be Smarter Than You
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4371 days ago
Helpers do what you say, while good help does what you need, without you saying anything. People who can help you the most are actually smarter than you, at least in their domain. Top entrepreneurs spend more time putting the right team in place to accomplish their objectives than they spend on any
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Don’t be Too Busy to Do Some Reflective Thinking
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4372 days ago
Startups and entrepreneurs are drowning in the information overload, where the volume of data created is like a new Library of Congress every 15 minutes. That creates a huge gap between data and meaning, and makes quick decisions and action ever more difficult. We all need to take a little more tim
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The Wrong Advisory Board Will Hurt Your Startup
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4373 days ago
If you are an entrepreneur for the first time, or entering a new business area, it’s usually worth your time to assemble an Advisory Board of two or three executives who have travelled that road before. But if you select the wrong people, or use them incorrectly, the impact will not be positive for
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8 Clues that Your Business Honeymoon May be Over
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4374 days ago
Starting a business is a lot like starting a marriage. At first, all parties are in dreamland, with a vision of changing the world, having lots of fun, and raking in the profits. But all too soon, reality sets in. Product development is stuck at that 90% mark, a key person leaves, and customers are
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10 Concrete Steps to Assure Business Innovation
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4375 days ago
Continuous innovation is required to survive in all businesses, beginning with a startup, and increasing in importance as your business matures. Technologists often insist that new things can’t be invented on a schedule, but successful companies seem to be able to do it on a regular basis.
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7 Reasons for Entrepreneurs to ‘First Know Thyself’
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4376 days ago
If you are going to be a real entrepreneur, it’s important that you know yourself well. After all, you won’t have a direct manager charged with giving you feedback, and your team probably will be afraid to tell you what they really think. Entrepreneurs need to recognize their own strengths and limi
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Startups Are All About the Execution, So Tell Me How
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4377 days ago
When entrepreneurs come to me with that “million dollar idea,” I have to tell them that an idea alone is really worth nothing. It’s all about the execution, and investors invest in the people who can execute, or even better, have a history of successful execution. Execution is making things happen,
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6 Key Attributes of a Winning Business Culture
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4378 days ago
I’m seeing a renewed appreciation of culture and values in business these days. Maybe it’s just another example of nature abhorring a vacuum, but I prefer to think it’s a natural evolution of the pervasive social networking communities, where people relate to and expect to interact with businesses
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