If you are an entrepreneur starting a business for the first time, I recommend that you find a product concept that is already accepted and improve on it, rather than tackling that ultimate disruptive technology. Notice that I’m not suggesting that you steal someone else’s idea, but simply limit yo
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Martinzwilling voted on the following stories on BizSugar
Innovation to an Existing Business Can Limit Risk
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From http://blog.startupprofessionals.com 4440 days ago
Investors Reject Plans With No Clear Business Model
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From http://blog.startupprofessionals.com 4441 days ago
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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Is Your Startup Relevant Enough to be Great?
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From http://blog.startupprofessionals.com 4442 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
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From http://blog.startupprofessionals.com 4443 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
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From http://blog.startupprofessionals.com 4444 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
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From http://blog.startupprofessionals.com 4445 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
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From http://blog.startupprofessionals.com 4446 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
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From http://blog.startupprofessionals.com 4447 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’
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From http://blog.startupprofessionals.com 4448 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
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From http://blog.startupprofessionals.com 4449 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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