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6 Due Diligence Goals When Vetting Business Partners

Startup Professionals Musings

You need to do the due diligence to make that decision before you sign away your equity. As a former startup investor, I was often involved with due diligence on founders, and I felt that founders should do the same on co-founders, as well as investors. Obviously a partner maximizing profits would not be happy.

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19 Entrepreneurs List Their Favorite Technology Innovation

Hearpreneur

Technology innovation is driving advancements in various industries, shaping our world today. From AI and machine learning to biotechnology, technology is revolutionizing our lives. Entrepreneurs embrace these innovations to unlock possibilities, making them a cornerstone of modern entrepreneurship.

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8 Ways Entrepreneurs Keep Ahead Of Business Change

Startup Professionals Musings

Sometimes entrepreneurs are so focused on making change happen for customers that they forget that continually changing themselves and their company is equally important. In his classic book “ Invent, Reinvent, Thrive ,” Lloyd E. Negative advice on an unknown is easy and safe to give, so every entrepreneur hears it over and over.

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30 Entrepreneurs Say What Changes They Expect in Their Business Due to Technology

Hearpreneur

Technology disruption is happening at a rapid pace all around us. We asked our entrepreneurs what changes do they expect due to technology shortly, and this is what they have to say. #1- I also expect to see more technology to assist with personalized experiences at trade shows, both in person and virtually, shortly.

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6 Reasons Technical Expertise Does Not Make A Startup

Startup Professionals Musings

Gerber wrote a best-selling business book called The E-Myth: Why Most Businesses Don’t Work and What to Do About It. Some pundits argue that the E-Myth principle is now outdated, due to the instant access to information via the Internet, pervasive networking via social media, and courses on entrepreneurship at all levels of education.

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7 Ways To Elevate Your Team Connection And Leadership

Startup Professionals Musings

Entrepreneurs need to be effective team leaders, since no one can transform an idea into a product and a business without some help. Unfortunately many founders I work with as a mentor are experts on the technical side, but have no insight into leading a team. Have monthly reviews with each team member.

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7 Startup Laws Of Finance That You Dare Not Shortcut

Startup Professionals Musings

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. I found a good summary of the most common mistakes in a classic book by Kelly Clifford, “ Profit Rocket ,” written primarily to help you on the other side of the equation – skyrocket your profits. Wasting money unnecessarily.