Startup Professionals Musings
FEBRUARY 21, 2020
Many of the entrepreneurs I advise or invest with spend considerable time on the Internet, keeping up with technology, customers, and competitors, but very few feel the need for an early personal presence. Remember the classic “ United Breaks Guitars ” experience, which reportedly United cost over a billion dollars in lost business.
The Startup Magazine
MARCH 15, 2018
To reduce the likelihood of this happening, most entrepreneurs turn to money-saving measures to manage startup costs. These can reduce the cost of running a startup in the long run too. Then start hiring staff so the costs are less tedious from the beginning. Smart hiring decisions help reduce startup costs.
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Startup Professionals Musings
AUGUST 1, 2022
In my experience as an advisor and mentor to entrepreneurs in business, one of the biggest failures I see is a lack of self-leadership. For example, I often hear from aspiring entrepreneurs that “I had that idea first, and he stole it, and is now making money on my idea.” Build your character and reputation with personal values.
ConversionXL
SEPTEMBER 17, 2020
a brand we’ve heard of is more credible, unknown brand less) Reputed credibility—third party reference (e.g. Do spelling errors cost companies…millions? According to BBC , one entrepreneur has said that poor spelling is costing the UK millions of pounds in lost revenue for internet businesses. It’s OK.
Startup Professionals Musings
FEBRUARY 8, 2021
In my experience as an angel investor for new startups, I’m always surprised by how many entrepreneurs are looking for funding without outside advisors. Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost. The cost of a co-founder is usually fifty percent of your equity.
ConversionXL
NOVEMBER 10, 2021
Use content advertising to fight rising costs. Here’s Proquo’s lead generation landing page: By doing this, they’re able to progress prospects through the funnel more quickly, reducing cost per acquisition. It works by getting your site links featured on reputable publications or in influencer content that is typically hard to obtain.
Startup Professionals Musings
MARCH 21, 2021
Great entrepreneurs, like Bill Gates, are great at both. For entrepreneurs, effective networking is required to find investors, partners, and customers. Too many entrepreneurs try to talk their way through all of these. Some struggling entrepreneurs are totally event driven. Here are a few: Business networking.
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