I have a certain friend who called me a while back, all excited about his latest revelation. “What if you could go to a web site and find all the recipes you could make today, with just the ingredients you already have in your kitchen? I’m going to start a website to offer this service!”
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How to Give Your Startup Idea The Sniff Test
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From http://blog.startupprofessionals.com 4507 days ago
Startup Runway Length Depends on Your Burn Rate
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From http://blog.startupprofessionals.com 4508 days ago
Cash is the fuel of every startup. Your burn rate is the rate at which that money is being spent, and allows an estimate of how long you can go before refueling (runway). That refueling is when you will need more investment, or when you will break even and begin that steep profitable growth curve.
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Here is Why You Need a Good Startup Exit Strategy
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From http://blog.startupprofessionals.com 4510 days ago
If you startup is your dream, why would you want to think about an exit? It’s going to be so successful and so much fun that you don’t need to think about what comes after. Wrong. There are two very real and practical reasons why you need to plan an exit:
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8 Ways to Surf the Entrepreneur Information Wave
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From http://blog.startupprofessionals.com 4511 days ago
Being an entrepreneur these days requires an understanding of a thousand topics, many of which don’t even exist today in traditional learning vehicles, like schools and textbooks. The Internet and its information wave have changed everything – it’s the problem, with constant change, and it’s the so
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It’s a Big Step from Engineer to an Entrepreneur
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From http://blog.startupprofessionals.com 4512 days ago
Every engineer who has invented some new technology, or is adept at creating solutions, believes that is the hard part, and it should be a short step to take that solution to market as an entrepreneur. In reality, that short business step embodies far more risk, and a poor technology solution is no
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Presenting Your Case to Investors is Rarely Free
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From http://blog.startupprofessionals.com 4514 days ago
If you are new to the startup space and Angel investing, you probably don’t realize that some groups of Angel investors charge entrepreneurs a fee to pitch to their groups. This practice has caused a rousing debate among key players, with some calling it a scam, and others defending it as necessary
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The Startup Clock Starts When You Incorporate
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From http://blog.startupprofessionals.com 4515 days ago
The official start date for your startup is the date you incorporate the business. This is obviously important for tax purposes, but may also dramatically influence how potential investors, customers, and competitors look at you.
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7 Dumb Leadership Mistakes Smart Managers Avoid
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From http://blog.startupprofessionals.com 4517 days ago
Many professionals in business, from startups to multi-nationals, assume that team leader or executive is an appointed position, and the skills come with the title. In reality, leadership is best demonstrated while not in a position of authority, and is a skill that must be sharpened every day of y
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Entrepreneurs Due Diligence on Investors Is Smart
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From http://blog.startupprofessionals.com 4518 days ago
Due diligence should always be a two-way street. A while back, I published an article on “Startup Due Diligence Is Not a Mysterious Black Art,” describing what investors do to validate your startup before they invest. Here is the inverse, sometimes called reverse due diligence, describing what you
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Red Flags To Avoid When Talking About Competitors
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From http://blog.startupprofessionals.com 4519 days ago
One of the most important questions you will be asked by potential investors is how your solutions beats the competition, not just today, but over the three to five year life of their investment. There is no perfect answer to this question, but there are many wrong answers which will immediately je
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