Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. These days, the technical sid
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Martinzwilling voted on the following stories on BizSugar
Some Startups Forget to Validate a Business Model
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4764 days ago
If You Need Angel Investors, Avoid These Startups
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4765 days ago
We are talking about angel investors here, meaning people who invest their own money in early-stage startups for a share of the equity. These people are highly focused on investment areas they know, which have a large opportunity for growth, revenue projection of $20M or more in five years, and a h
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Five Ways a Business Mentor is More Than a Friend
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4766 days ago
Friends tell you what you want to hear. Mentors tell you what you need to hear. When the message is the same from both, you don’t need the mentor anymore. In that sense, you should think of a mentor more like your advisor who has done all he can. You always need the friend.
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Some Startup Opportunities Are Losers Today
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4767 days ago
People are always asking me for an inside tip on Internet sites that will be “the next big thing.” Those are hard, since someone has to invent something innovative, but I do have some views on other ideas whose time has come and gone.
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Follow Seven Rules for a Creative Startup Culture
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4768 days ago
Within the startup realm, there is a big difference between having an innovative product versus an innovative business. Some startups have a new technology, but stick to a tried-and-true business model. Others take an existing product, and give it new life with a creative business model. The most c
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Many Startups Stumble on International Cultures
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4769 days ago
Most of us have travelled abroad and experienced the challenges and frustrations of getting what we want without being laughed at or insulting our hosts. Similar issues prevail when doing business in other countries, cultures and languages. Even if you think your business is all local, multi-ethnic
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Ten Steps to Build Real Startup Team Engagement
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4770 days ago
Success in a startup is not possible as a “one-man show.” An entrepreneur has to engage with team members, partners, investors, vendors, and customers. In my experience, the joy of positive engagement is sometimes the only pay you get in an early startup. Amazingly, many successful startups are bui
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Five Techniques To Rebound from Startup Failure
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4771 days ago
If your first startup fails, you are about average. Most entrepreneurs fail on at least one attempt. Investors agree that an entrepreneur who has never failed probably hasn’t pushed the limits. What investors look for is not that you never fail, but that you learn from the failure, maintain a posit
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Some Entrepreneurs Think They’re Celebrity Chefs
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4772 days ago
I realized a while back that creating a new company for the first time is a lot like whipping up a great dinner entree for the first time – you need a recipe, even though it may look simple. You know the basic ingredients, and you can visualize the results you want. Yet you may not be so sure where
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When to Pay a Premium for Your Company Domain Name
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4773 days ago
I’m sure you have all been frustrated at least once at not being able to get the Internet domain name you want for your company. Who owns all of these names, and should you ever buy one for a premium? The simple answer is that if you want to be found and remembered on the Web, the perfect domain na
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