One of the most common failures I see in startups is lack of focus. Unfocused entrepreneurs boast that their new technology will generate multiple disruptive products for consumers as well as enterprises around the world. Investors hear this as trying to do too many things with limited resources, m
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These stories submitted by Martinzwilling became hot on BizSugar
Entrepreneurs Need To Keep Their Business Focused
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3542 days ago
Made Hot by: sophia2 on August 28, 2014 8:37 pm
Investors Love A Credible Entrepreneur Market Sizing
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3544 days ago
Made Hot by: ObjectOriented on August 28, 2014 11:43 am
Many entrepreneurs are so enamored with their product vision that they believe their own hype, and are convinced that the market for their solution is so huge that no one will ask them for independent market-research data. They don’t realize that business projections with no third-party validation
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Startups Who Hide Early Work Only Fool Themselves
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3545 days ago
Made Hot by: kingofcontent92 on August 26, 2014 9:51 am
It’s popular these days for startup founders to operate in stealth mode, meaning no details about the idea or progress are shared with anyone until the big reveal and rollout. The common reason given is that this prevents any competitor from stealing their idea and beating them to market. In my vie
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Street-Smart Entrepreneurs Need High-Tech Partners
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3550 days ago
Made Hot by: ObjectOriented on August 24, 2014 2:30 pm
Technology is so key to every business these days that experienced business-smart but non-tech entrepreneurs are falling deeper and deeper in the hole. Even if they realize that they need real technical strength at the top, they are not sure how to attract and select the talent and expertise they r
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Savvy Entrepreneurs Plan Both Business And Product
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3548 days ago
Made Hot by: bizyolk on August 23, 2014 6:54 pm
Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.
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Investor Secrets For Smart Competitive Positioning
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3552 days ago
Made Hot by: NolanGreen on August 20, 2014 9:37 am
In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. This raises a big red flag with potential investors, who conclude that no competitors means no market, or you h
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Every Small Business Founder Needs An Advisor
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3554 days ago
Made Hot by: bizyolk on August 19, 2014 12:06 pm
Friends tell you what you want to hear. Advisors tell you what you need to hear. When the message is the same from both, you don’t need the advisor anymore. In that sense, you should think of an advisor more like your mentor who has done all he can. You always need the friend
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Inventor Entrepreneurs May Be The Rare Exception
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3555 days ago
Made Hot by: blogexpert on August 16, 2014 6:04 pm
In my experience, inventors and technologists aren’t interested or aren’t very good at building a business, and entrepreneurs aren’t usually good scientists. These people need to find each other, and can jointly make a great team for a new startup. Without the synergy, companies like Apple might ne
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Should Entrepreneurs Grow Revenue Or User Count?
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3556 days ago
Made Hot by: Digitaladvert on August 16, 2014 2:21 pm
Some analysts argue that revenue drives growth, while others say user growth drives revenue. Both have worked.Google reached $1 billion in revenue within five years of incorporation, and now has a market capitalization of over $400 billion. Twitter showed no focus on revenue in the first five years
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Are You Properly Managing Your Core Competency?
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 3558 days ago
Made Hot by: PMVirtual on August 15, 2014 12:37 pm
If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. The same applies to manufacturing and almost any process these days. Outsourcing is defined as contracting the work to another company, usually l
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