November, 2017

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What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. An alternate outcome that I also unfortunately observe in some cases are companies who had extreme early success with an initial product adoption but failed in key areas that limited the growth and therefore the ultimate financial outcomes.

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Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

This article first appeared on the Harvard Business Review blog. Jeff Immelt ran GE for 16 years. He radically transformed the company from a classic conglomerate that did everything to one that focused on its core industrial businesses. He sold off slower-growth, low-tech, and nonindustrial businesses — financial services, media, entertainment, plastics, and appliances.

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[INTERVIEW] North Aware Founder And Creator Of The Smart Parka, Jamil Khan

YoungUpstarts

Trust a techie to reinvent how we do winter. That’s what former software engineer Jamil Khan has done with his new company, North Aware , in manufacturing its Smart Parka. North Aware’s Smart Parka is a high-tech coat that has everything covered: Your hands and neck, with built in gloves and scarf. Your hips and legs, thanks to an extendable hemline so you can adjust how much of your body gets protected from the cold.

Founder 189
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10 Strategies To Kick Up How You Will Be Remembered

Startup Professionals Musings

Every entrepreneur and business leader waits too long before really working on the legacy that he wants to leave to society and his family. They realize too late that they don’t really want to be remembered for how many hours they spent on airplanes, how many emails they produced, or even how much money they made for the business. If you disappeared today, what would your legacy show?

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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SWOT Analysis Examples

Up and Running

Editor’s note: This article was updated in November of 2017. One of the best ways to prepare to conduct a SWOT analysis is to use examples for help and inspiration. Even if you already know what a SWOT analysis is and what it’s used for, it can be tough to translate that information and examine your own business with a critical eye. Reading an example SWOT analysis for a business that is either in your industry or based on a comparable business model can help get you started.

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How to Segment A/B Test Results to Find Gold

ConversionXL

You run an A/B test , and it’s a winner. Or maybe it’s flat (no difference in performance between variations). Does it mean that the treatments that you tested didn’t resonate with anyone? Probably not. If you target all visitors with the A/B test, it merely reports overall results – and ignores what happens in a portion of your traffic, in segments.

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Who will be the Stripe for insurance?

Version One Ventures

A few years ago, we began to see SaaS companies integrate payment processing into their software. This push to integrate payments was due to a couple of factors. First, it offers a better user experience – why send somebody off-platform to pay for a product or settle an invoice? Next, adding payments to a platform is very profitable, since the SaaS company gets a cut of the payment revenue.

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Why Your Next Startup Should Be In Insurance

YoungUpstarts

by Celina Kirchner, full-stack attorney at Michelman & Robinson, LLP. Yep, you read that title right. Insurance is the next big industry due for a disruption. And with that I know just what your thinking: insurance = SNORE. But wait, before letting your eyes glaze over or clicking out of here entirely, give me just two minutes of your time to explain – because the opportunity is big and the technology is really cool.

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6 Strategies To Optimize Self-Leadership For Business

Startup Professionals Musings

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. You can’t lead a business to success, if you can’t lead yourself. I define self-leadership as the capacity to set direction and make decisions, to positively drive your own performance. Leadership in business starts with making good personal choices.

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How to Create a Financial Contingency Plan for Your Business

Up and Running

Financial contingency planning is a must—not just for established small businesses, but also for businesses in the earliest stages of formation. If you’re pre-launch or have only recently gone to market, a contingency plan is likely to be the last thing on your mind; after all, your efforts are focused on making your business a success, and not necessarily thinking about what could go wrong.

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How to Disrupt a Target Market Through Innovation

The Startup Magazine

Technology has the ability to disrupt the marketplace, which is the Holy Grail for any entrepreneur. It means offering a completely different way of doing something and capturing the interest of millions of people who may or may not have anticipated the idea, but were anxiously awaiting the reality. Keep in mind that investors are motivated by only two different types of businesses: a market disrupter, or a business with an already established audience.

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How to Kickstart Your Growth Process

ConversionXL

At TelTech , it took our product-marketing organization more than a year to get to something that resembled a true growth team, running high tempo testing. So, if you are struggling to implement the growth hacking methodology, I get it. We assembled a team, achieved product-market fit, and identified our growth levers, but got stuck when we tried to put process behind our testing.

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27 Entrepreneurs Explain What They Love About Being An Entrepreneur

Hearpreneur

Being in love is great. Being in love with your business, when you’re an entrepreneur, is even better. Waking up each morning knowing you are getting to do exactly what you love is more than most people could ever say about any “job” they have had. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality.

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4 Tips To Help Startups Grow Your SEO Client Base  

YoungUpstarts

by Itamar Gero, founder and CEO of SEOReseller.com . Each day is an opportunity for SEO agencies and experts to peddle their services to businesses who aim for online marketing success and have the money for it. If you’re about to embark on growing your SEO agency, you’ll quickly find yourself in the thick of this competition. First, let me point out that there are many ways to get ahead.

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10 Great Ways To Crush Creativity In Your Business

Startup Professionals Musings

Success in any business these days requires a constant flow of new and innovative solutions, to keep up with changes in the market, competition, and to attract new customers. Yet in my role as a small business advisor, I still see a singular focus on achieving repeatable processes and “cookie-cutter” manufacturing. I don’t believe these two objectives have to be mutually exclusive.

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How to Avoid Killing Your Startup

Up and Running

Whether the widely reported statistic that eight out of ten businesses fail in the first 18 months is accurate or not, few will disagree with the fact that most startups fail. However, it’s rarely from a lack of owner passion, interest, hard work, or desire for success. In many cases, businesses are started by people with years of corporate experience.

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One All-Female Engineering Team: Observations From the Inside

Austin Startup

I was recently a member of a really great engineering team which also happened to be made up of all women. For a stretch of around six months, there were between four and five engineers on the team, all of us women. Our program manager was also a woman and for part of the time our manager was a woman. Anyone in tech will easily understand how unusual this is.

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Beyond “One Size Fits All” A/B Tests

ConversionXL

If you’re invested in improving your A/B testing game, you’ve probably read dozens of articles and discussions on how to plan and run A/B tests. In reading advice about how long to run a test or what statistical significance threshold to use, you probably saw claims like “Always aim for XX% significance” or “Don’t stop a test until it reaches YYY conversions” – where XX% is usually a number higher than 95%, and YYY is usually a number higher than 100.

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8 Business Management Tips for Retailers This Holiday Season

The Startup Magazine

The success of any business begins and ends with people. Finding the right team at any time of the year can be a challenge, but it can be particularly trying during the holiday season, when demand is high and time is short. Keeping up with the season can test anyone’s management mettle, but if you put these time-honored people skills to work, you can ring in record profits for the new year. 1.

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5 Reasons Your Product Isn’t Selling — Yet

YoungUpstarts

by Jessica Thiefels, owner of Honest Body Fitness. Whether you’ve been selling your product for years or just a few months, seeing a slow stream of sales, or no sales at all, is disheartening. You start questioning yourself and your product: What did I do wrong? Should I change it? Should I start over? Believe it or not, many entrepreneurs experience this.

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The Dawn of ConstrucTech

The Equity Kicker

You might have seen that the week before last Balfour Beatty ( here ) and Mace ( here ) weighed in on the future of construction. Both are quite radical in the breadth and depth of impact they predict, whilst the technologies they choose are perhaps unsurprising to anyone immersed in the startup ecosystem. The Balfour Beatty piece is more detailed and they predict humanless construction sites by 2050 (which is admittedly a long way off – broadband is less than twenty years old) saying that

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Top 5 Traits That Make Veterans Great Entrepreneurs­­

Up and Running

For many years, veterans of the U.S. Armed Forces were successful at starting and growing small businesses. In fact, almost 50 percent of veterans owned a business after World War II. But today, veteran entrepreneurship is on the decline. The most recent Kauffman Foundation research found that veterans accounted for 12.6 percent of new entrepreneurs in 1996 and that by 2014, this number had fallen to just 5.6 percent.

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They Wanted To Eliminate Gender Bias In Technical Hiring But Ended Up Losing All Their Female Candidates.

Hunter Walker

One of our most recent seed investments recently posed a question to me. They had designed a technical hiring process to try and eliminate gender bias but were losing all the women midway through their funnel when a take-home project was introduced. What was going wrong? I reviewed their current approaches alongside Homebrew’s Head of Talent Beth Scheer and we made a few recommendations, but there was nothing glaringly broken.

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How to Get Better Results with Online Learning

ConversionXL

Learning stuff online is the new standard for learning. It’s not just “how to tie a tie” how-to videos, it’s also learning hard skills. In fact, according to a recent report 59% of employed data scientists learned skills on their own or via a MOOC. But how can we take better advantage of online learning? What’s the most efficient way to learn as much info as quickly as you can?

Retention 106
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Plex evolves the Analyst Summit

deal architect

I get invited to a number of user conferences. I must admit I often feel I am intruding there on customer time with vendor executives. I much prefer smaller analyst summits and Plex has honed such summits to an art.

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5 Things Every Startup Should Know

YoungUpstarts

If you are looking towards the end of 2017 and you plan on jumping out of your comfort zone for 2018, you may be an entrepreneur in the making. Entrepreneurial flair and tendencies are something which many people may have, a lot will act upon, but only a few will succeed. If you are looking to build a business from scratch in the new year there are a few things you will need to know and consider. 1.

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Why Nobody is Finding Your Content

Duct Tape Marketing

Why Nobody is Finding Your Content written by John Jantsch read more at Duct Tape Marketing. Marketing Podcast with Brian Dean. I believe that elements of SEO are now elevated to the strategic level. In other words, as you plan your message, website structure, and content for your marketing, you better include some research commonly seen as a technical aspect of SEO.

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Resilience in Business: What I Learned From Failing My Way Into a Six-Figure Freelance Startup

Up and Running

I’ve learned a lot in my twelve years in business. Practically 90 percent of that time was spent starting and closing one startup or another. I had to fail for 10 straight years to be prepared to scale a six-figure freelance business. Entrepreneurship looked bleak to me and failure unavoidable. But I didn’t pull the plug on myself. I learned resiliency in business through multiple failures, and I matured quickly.

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6 Lessons From Navy SEALs For New Venture Founders

Startup Professionals Musings

You have to be extra tough mentally to start a new business venture. While thinking about it, I realized that it’s really not that different from the toughness required and trained into America’s elite military force of Navy SEALs, who are known to be cool under fire, able to sense danger before it’s too late, and never give up on achieving their objective.

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5 questions I asked my team to help them figure out what really makes them happy

Jeff Hilimire

I took the Dragon Army team offsite last week for a 4-hour retreat to roll out our new Purpose, Vision, Tenets & Values. We had the retreat at the new co-working space downtown, Post Office (which also hosted 48in48 Atlanta a few weeks back!). One of the exercises I took the team through was focused on helping them identify what truly makes each of them happy.

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Dont write off SAP yet

deal architect

It would be easy to be pessimistic about SAP when you read Dennis Howlett’s recent blog “It’s a hot mess and everyone, whether that is SAP, customers, partners or User Group people want it to go away. The issue comes.

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10 Ways To Promote Your Small Business For Free

YoungUpstarts

by Brian Sutter, Director of Marketing, Wasp Barcode Technologies. There are plenty of ways to promote your small business for free. The tactics listed here are tried and true winners. They’re proven to work by tens of thousands of small businesses. Oh yeah – and they’re all free. 1. Partner with a company that complements your products or services.

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Weekend Favs November 4

Duct Tape Marketing

Weekend Favs November 4 written by John Jantsch read more at Duct Tape Marketing. My weekend blog post routine includes posting links to a handful of tools or great content I ran across during the week. I don’t go into depth about the finds, but encourage you to check them out if they sound interesting. The photo in the post is a favorite for the week from an online source or one that I took out there on the road.

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6 Signs That Your Culture May Be Stifling Your Small Business Success

Small Business Force

Over the last 30+ years as a startup entrepreneur, turnaround specialist, and business advisor/mentor, I’ve found that creating and sustaining a culture that drives business success is one of the greatest challenges an entrepreneur or small business owner faces. A company’s culture is built on the business values upon which the company operates, usually, based on the owner’s own values.

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6 Key Tenets Of A Winning Marketing Story In Business

Startup Professionals Musings

In my role as a mentor to entrepreneurs and an angel investor, I find that too many are stuck in this myth that a good pitch, and good marketing content, should consist of more product features, and more hype on customer benefits. Naturally, these are important, but real winning content has to start with a story that excites people’s imagination, and pulls them in emotionally.

Marketing 173
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Building a Repeatable, Scalable & Profitable Growth Process

For Entrepreneurs

I gave a talk this year at the 2017 SaaS North conference in Ottawa, where I discuss the fundamentals of building a repeatable, scalable, & profitable growth process for a startup. Building a Repeatable, Scalable & Profitable Growth Process [View on Slideshare].

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