Once you are able to achieve some real “traction” with your business (paying customers, revenue stream), it may seem the time to relax a bit, but in fact this is the point where many founders start to flounder. All the skills and instincts you needed to get to this level can actually start working
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Some Entrepreneurial Strengths Fail on Scale Up
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4214 days ago
Startup Accelerators are Entrepreneur Boot Camps
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4215 days ago
Business incubators for sharing services were all the rage back in the days of the dot-com bubble (700 for profit, many more non-profit). About that time the bubble burst, causing more than 80% of them to disappear. Now they are coming back, and the best even provide networking, technical leadershi
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Street Smart Disciplines Every Entrepreneur Needs
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4216 days ago
As a mentor and advisor to entrepreneurs, I find it’s easy to recognize “street smarts” when I see them, but it’s hard to explain the specifics to someone on the other end of the spectrum, even if they are willing to learn. Some people argue that street smarts are only a natural born skill, but I d
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Google Founders Define the Meaning of ‘Exceptional’
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4217 days ago
I tell entrepreneurs that Google was an “exception” to all the investment and startup rules, but I’ve always wondered what it takes to be an exception. Since every business is built by unique individuals, I’m totally convinced that exceptional people are the key to an exceptional company.
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Angel and VC Investors Won’t Fund Your Research
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4218 days ago
I still get business plans, looking for an investor, that say all too clearly that the primary “use of funds” will be to do research and development (R&D) on some promising new technology, like superconductivity or cancer cures. Investors are looking for commercial products to make money, rather th
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5 Key Questions to Gauge the Culture in Your Startup
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4219 days ago
Many investors will assert that company culture trumps strategy every time, in predicting the long-term success of a new startup. Obviously, both are important, so it behooves every entrepreneur to start early in setting the right tone for his own company, and every new team member should be gaugin
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Sustainable Strategies for Internet Startup Success
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4220 days ago
It seems like everyone has an Internet startup these days. The cost of entry is so low – you can create a web site for almost nothing - and you are on your way to riches with ecommerce, your latest invention, or personal services. But the low cost also means that your competition will also be there
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Entrepreneurship Is All About Taking Smart Risks
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4221 days ago
Most entrepreneurs think that risk is just an “occupational hazard” that can be minimized or eliminated by a smart businessman. That way of thinking is simplistic and wrong. In reality, some risks are good and should be embraced for growth and a competitive edge, while others are bad and should be
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10 Top Reasons For First-time Entrepreneur Failure
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4222 days ago
Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. That’s not bad, but who wants to be average? Every young entrepreneur knows implicitly that startup success is a long hard road. Statistics show that the failure rate for new startups w
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An IPO Exit Strategy Puts the Entrepreneur at Risk
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4223 days ago
Many entrepreneurs still dream of “going public,” making billions of dollars, and playing with the big boys. They don’t realize that this option would likely be their worst nightmare, since it costs millions for the road show, usually dilutes your equity to a tiny fraction, and takes away all your
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