article thumbnail

5 Key Success Attributes For An Aspiring Entrepreneur

Startup Professionals Musings

As an entrepreneur mentor, my mission is to foster the attributes in you as a startup founder that I believe will lead to success. For example, I worked with an entrepreneur a while back who was clearly intelligent, had a great idea, and communicated well. I sometimes find entrepreneurs who highlight that their strength is “ideas.”

article thumbnail

10 Attributes Of The Perfect Partner For Your Startup

Startup Professionals Musings

Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader. Most entrepreneurs work long hours and weekends to get the job done. Look at the big picture first of development, finance, and marketing/sales.

Partner 385
Insiders

Sign Up for our Newsletter

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

article thumbnail

Are You A Necessity Entrepreneur? Ask These 7 Questions

YoungUpstarts

You’ve come up with a brilliant business idea, and you’re ready to get started as a brand-new entrepreneur. Are you a Necessity Entrepreneur? Necessity Entrepreneurs Build Exceptional Businesses. Necessity Entrepreneurs are uniquely equipped to build exceptional businesses and inspire meaningful change in their industries.

article thumbnail

5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day. Getting a sales contract before manufacturing inventory.

Burn Rate 258
article thumbnail

30 Entrepreneurs Reveal the Companies They are Starting in 2023

Hearpreneur

We asked entrepreneurs and business owners about the companies they’re starting in 2023 and here are the responses. #1- This presents a great opportunity for entrepreneurs to launch their own businesses and capitalize on the latest technology. This can be used to either skyrocket a company’s sales or identify market gaps.

article thumbnail

Investors Measure Entrepreneurs By Cashflow Mileage

Startup Professionals Musings

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cashflow personally every day. Getting a sales contract before manufacturing inventory.

Burn Rate 262
article thumbnail

10 Key Traits Of An Ideal Entrepreneur Partner

Startup Professionals Musings

Most entrepreneurs work long hours and weekends to get the job done. If both of you are experts at software development, even though one loves design and the other loves coding, that still won’t get the marketing done. Look at the big picture first of development, finance, and marketing/sales. Complementary skills.

Partner 269