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Startup Professionals Musings
SEPTEMBER 13, 2022
My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. Leave the world of new computer chips and new drugs to the big companies, and people with deep pockets. It always reduces risk to plan your business first.
Startup Professionals Musings
SEPTEMBER 16, 2023
The rate of new entrepreneurs increased between 2013 and 2021, from 280 to 360 out of 100,000 of the adult population. They helped create over 5 million new businesses in 2022, a forty percent increase over the previous year. The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us.
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Startup Professionals Musings
APRIL 4, 2022
My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. Leave the world of new computer chips and new drugs to the big companies, and people with deep pockets. It always reduces risk to plan your business first.
Startup Professionals Musings
NOVEMBER 28, 2020
The rate of new entrepreneurs increased between 2013 and 2019, from 280 out of 100,000 to 310 out of 100,000 of the adult population. Over 600,000 new businesses were created in the last year, or over one per minute of every day. The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us.
YoungUpstarts
SEPTEMBER 14, 2020
Six months later, the pandemic is still with us. But it’s also hard on leaders who struggle to deliver the news kindly to employees who may be increasingly fragile. When we do have to deliver bad news, it’s even more critical to do so with love. Get the bad news up front. So are the layoffs.
Startup Professionals Musings
OCTOBER 10, 2021
The good news is that early adopters are never reluctant to sign up as beta customers and will provide you early feedback on product quality. The bad news is that they are not a good test of basic usability and ease of operation, which are always a key to the much larger market of regular customers. I call it failing by early adopters.
Startup Professionals Musings
FEBRUARY 27, 2021
The good news is that a few of these do have an envious success record. All the rest of us might be the real beneficiaries, with a lot more to learn. The bad news is that the odds of getting in are still hugely stacked against even the most dedicated entrepreneurs.
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