article thumbnail

10 Common Startup Mistakes That Are Rarely Admitted

Startup Professionals Musings

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm. Viral marketing costs real money, and your support staff and hosting systems cost even more.

article thumbnail

10 Popular Business Strategies That Most Often Fail

Startup Professionals Musings

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm. Viral marketing costs real money, and your support staff and hosting systems cost even more.

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

Thus I often recommend that before you kick off your own business, you join another startup or existing business to see how things really work. Intellectual property is required for a competitive edge. That first burst of customers via word-of-mouth or a viral video won’t sustain your growth.

article thumbnail

10 Startup Mistakes You Can't Afford To Make Again

Startup Professionals Musings

In fact, investors recognize that founders usually learn more from mistakes than from success, so a well-explained startup failure can improve their odds of funding the next time around. As an active angel investor and startup advisor, I’ve seen many of the same stumbling blocks repeated all too many times.

article thumbnail

8 Key Startup Drivers Bring Pleasure As Well As Sweat

Startup Professionals Musings

I’m fully convinced that both inspiration and perspiration are always required in a startup. Of course, never forget those ongoing perspiration items that seem to haunt you every day: Create intellectual property. Word of mouth advertising and viral marketing cost big bucks these days so budget for it.

article thumbnail

10 Shortcuts To Startup Success I Don’t Recommend

Startup Professionals Musings

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many shortcuts leading to failure that are inside the entrepreneur decision realm. Viral marketing costs real money, and your support staff and hosting systems cost even more.

article thumbnail

6 Mistakes Often Made By Entrepreneurs Due To Passion

Startup Professionals Musings

As an entrepreneur mentor and startup investor, I see with sadness the 50 to 90 percent that fail. With the success of Facebook and Twitter, I still see new social media startups almost every day, with most destined to fail. The fallacy of formulas that “can’t fail,” and holding on to troubled ventures, is alive and well in startups.