article thumbnail

10 Creativity Mistakes Jeopardize Long-Term Survival

Startup Professionals Musings

Here is my summary of the ten top creativity mistakes we both still see too often: Criticize any new idea or employee suggestion. There is nothing wrong with a focus on making the current business model work better. An even better alternative could be stock options, linked to the long-term success of the company.

article thumbnail

10 Ways To Trample And Smother Business Innovation

Startup Professionals Musings

Here is my summary of the ten top creativity mistakes we both still see too often: Criticize any new idea or employee suggestion. There is nothing wrong with a focus on making the current business model work better. An even better alternative could be stock options, linked to the long-term success of the company.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Great Ways To Crush Creativity In Your Business

Startup Professionals Musings

Here is my summary of the ten top creativity mistakes we both still see too often: Criticize any new idea or employee suggestion. There is nothing wrong with a focus on making the current business model work better. An even better alternative could be stock options, linked to the long-term success of the company.

article thumbnail

What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

Steve Blank

As the company goes from searching for a business model to growth , only then will they bring in a new “professional” management team to scale the company (along with a business development executive to search for an acquirer) or prepare for an IPO. Above all, don’t panic or demoralize your employees. FDA approvals?

article thumbnail

How Early-Stage Startups Can Utilize the SVB Collapse as a Wake-Up Call

The Startup Magazine

You should only attempt to extend the runway if you have a growing business, are confident you can reaccelerate growth quickly, or have passion behind a potential pivot. There are startups out there that are valued at a billion dollars, but because of employee salaries, assets, etc. they still aren’t profitable.

article thumbnail

How To Start A Business The Right Way

The Startup Magazine

Develop a Business Model. The great managerial guru, Peter Drucker, liked to say that the purpose of a business is to keep and create a customer. Achieving that in profitable ways is the purpose of your business model. New businesses often do not have the capital to attract top talent.

article thumbnail

Five Ways Higher Education Influences The Way We Do Business

The Startup Magazine

The business sector is a dynamic field that strongly focuses on consumer satisfaction, better marketing, and the latest tech trends. However, this is only possible when an organization has educated employees at its core. Your education plays a vital role in shaping up a business. Image Source. 4. Help You Mitigate Risks.

Framework 158