After you have heard a few startup success stories, like Google, Facebook, and Microsoft, you may be tempted to invest some money yourself, maybe by pooling your funds with other investors who claim to have a great track record. My advice is to leave the investing in startups to the professionals (
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Martinzwilling voted on the following stories on BizSugar
Don’t Be Fooled by Investment Scams For Startups


From http://blog.startupprofessionals.com 4687 days ago
Ten Questions to Ensure a Viable Business Model


From http://blog.startupprofessionals.com 4688 days ago
You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. There are no “overrides” – for example, businesses don’t thrive just because they offer the latest technology, or because ever
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High Burn Rates Result in Short Startup Runways


From http://blog.startupprofessionals.com 4689 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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Startups are Media Companies Building a New Brand


From http://blog.startupprofessionals.com 4690 days ago
The days are gone when a techie or a genius could build things in his garage and customers would find and buy the product, based purely on the “wow factor” of the technology. New technologies are everywhere today. People have seen so much that they aren’t impressed anymore, and fully expect the imp
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Entrepreneurs and Inventors Need Each Other


From http://blog.startupprofessionals.com 4691 days ago
In my experience, inventors 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.
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Startup Goals Have Value Only if You Achieve Them


From http://blog.startupprofessionals.com 4692 days ago
Before you as an entrepreneur can hope to successfully start a new business, you need to set some goals and milestones to lead the way. It’s easy to talk in the abstract about all the possible applications for a new technology, but you don’t have a viable business plan, until you have specific targ
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Ten Quotes That Indicate Your Arrogance is Showing


From http://blog.startupprofessionals.com 4693 days ago
Lack of confidence in your self, your product, and your startup is a surefire recipe for disaster. At the other extreme, too much confidence or arrogance can kill you just as fast. It’s always painful when a startup fails, but as a mentor to founders, I would hope that you can learn from these fail
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Learn What Customer Focus Really Means in Sales


From http://blog.startupprofessionals.com 4694 days ago
All the experts these days are talking about the increasing need for customer focus and maximizing sales. Typically entrepreneurs and even professional sales people think this means more emphasis on the customer selling process, when in fact it means spending more time understanding the customer bu
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Startups Get No Help From an Investment Bank


From http://blog.startupprofessionals.com 4695 days ago
The name “investment bank” somehow always sounded like a place where I could somehow deposit my investments, and maybe even earn a little interest. Then I learned that these banks really negotiate investments and collect fees on the transactions, sort of like commercial banks do with loans to busin
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Ten Golden Insights From Successful Entrepreneurs


From http://blog.startupprofessionals.com 4696 days ago
Entrepreneurs are a notoriously stubborn (some say confident) group of people, so I see many of them making the same mistakes that predecessors have made. Thus I’m convinced that it’s useful for all of you to step back from time to time, and listen to some sage advice from people who have been ther
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