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6 Mindset Factors Turn Constraints Into Opportunities

Startup Professionals Musings

I believe it all starts with you as a leadership role model, and the mindset and expectations you broadcast to your team. Another way of encouraging change is to give team members more autonomy to make their own decisions, without micromanagement by you or other managers. Solicit partners with complementary strengths.

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5 Pitfalls to Avoid When Transforming Your Business

Startup Professionals Musings

No matter how well your business seems to have worked for you up to this point, you can be certain that it will need to be heavily transformed for tomorrow’s new world-wide economy and no industry sector boundaries. Transforming your organization for the new global economy requires perseverance and long-term thinking.

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10 Lessons On The Value Of Self-Promotion In Business

Startup Professionals Musings

That means that selling yourself is more important than selling your idea. In the corporate world, experts have recognized for a long time that how people perceive you at work is vital to your career success. Your startup idea only scratches the surface of what is required to build a successful business.

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6 Due Diligence Goals When Vetting Business Partners

Startup Professionals Musings

Business partners can be co-founders in a startup, multiple owners of an existing business, or a joint venture. In every case, a partner can be an asset, bringing new skills and perspectives to the business; or a burden, making every decision more difficult, and taxing your lifestyle satisfaction.

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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. He always had a plausible excuse, such as an unexpected problem, or family conflict, but the frequency left me with low confidence in his ultimate success. Paul Allen was the idea visionary.

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5 Equity Distribution Parameters For Key Contributors

Startup Professionals Musings

The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. Just because it was your idea doesn’t mean you “deserve” 90% of the equity. Experience and connections in your business area. Now comes the reality check.

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10 Leadership Traits To Inspire Every Startup Founder

Startup Professionals Musings

Every new entrepreneur has to initiate the right actions to be perceived as a leader in their chosen business domain by their team and by their customers, or the road to success and satisfaction will be lost along the way. Feels a passion and commitment to the cause behind your business. Make an honest effort to help others.