Startup Professionals Musings

AVIXA’s Heidi A. Voorhees on Thinking Differently

Startup Professionals Musings

Heidi A. Voorhees, CAE. EDUCATION Bachelor of arts, majoring in commercial recreation/business, Central Michigan University; master of business administration, Northwestern University’s Kellogg School of Management. MY FIRST INDUSTRY JOB Straight out of college — convention assistant, SmithBucklin.

7 Steps To Finding Investors Aligned With Your Values

Startup Professionals Musings

One of the most common complaints I hear from new business owners and startups is about the pain and difficulty raising capital. The “venture capital” model is the only option they know, where they feel they get no mercy, giving up equity and control.

Trending Sources

10 Steps To Develop Your Ability To Think Differently

Startup Professionals Musings

Every culture and community puts pressure on its members to follow the norms. Even young people who start out wanting to be different are called “freaks,” and most are slowly bent back into the norm by the time they “grow up.”

10 Guidelines For Storytelling To Hype Your Startup

Startup Professionals Musings

The entrepreneur’s challenge is to effectively communicate their value proposition, not only to customers, but also to vendors, partners, investors, and their own team. Especially for technical founders, this is normally all about presenting impressive facts. But in reality facts only go so far.

Chad 71

Startups Need Employees Who React Like Entrepreneurs

Startup Professionals Musings

Every startup lucky enough to get some traction gets to the point where they decide to hire some “regular employees” for sales, marketing, and administrative tasks. Then they are surprised to see productivity and creativity take a big dip.

4 Chasms And 5 Customer Types That Kill Entrepreneurs

Startup Professionals Musings

Everyone in the business world has heard of the old bestseller by Geoffrey A. Moore titled “ Crossing the Chasm ,” but most entrepreneurs have no idea how it relates to them.

The Business Model Canvas Can Get Your Startup Funded

Startup Professionals Musings

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need.

10 Top Revenue Models Drive Viable Businesses Today

Startup Professionals Musings

I was mentoring some graduate students at a local university recently, and I sensed again that profit seems to be a dirty word these days to many aspiring entrepreneurs.

6 Key Attributes That Investors Look For In A CEO

Startup Professionals Musings

Every business needs that ultimate leader and decision maker at the top, commonly given the title of Chief Executive Officer (CEO). Sometimes it’s the business founder, and in other cases the CEO is recruited by the founder or investors to complement the skills of the technical team.

6 Situations Where A Business Plan Does Not Add Value

Startup Professionals Musings

Writing a business plan is hard work, so I get lots of pushback from prospective new venture founders that it’s just a waste of their valuable time in this rapidly changing environment. They all claim to have the plan in their head, and writing it down will only slow down their success.

10 Controversial Lessons From Serious Entrepreneurs

Startup Professionals Musings

Most people agree that entrepreneurs have to think differently and take risks to have much chance of building a successful business.

6 Key Leadership Habits Required For Entrepreneurs

Startup Professionals Musings

Starting and building a company is all about leadership – formulating an idea, building a unique plan based on vision and experience, and forging a path over and through all obstacles.

6 Ways To Spot Innovative Thinkers For Your Startup

Startup Professionals Musings

Entrepreneurs are usually highly creative and innovative, but many innovative people are not entrepreneurs. Since it takes a team of people to build a great company, the challenge is to find that small percentage of innovative people, and then nurture the tendency, rather than stifle it.

8 Leadership Lapses Every Business Owner Must Avoid

Startup Professionals Musings

Even entrepreneurs who have built many startups, or sold their last one for millions of dollars, know they make occasional people leadership mistakes. They know leadership is all about managing their own complicated, illogical, and fallible human foibles, as well as the people they depend on.

If You Can’t Find An Angel Investor, Look Again, Here

Startup Professionals Musings

If your startup is looking for an angel investor, it makes sense to present your plan to flocks of angels, and assume that at least one will swoop down and scoop you up. Or does it? Actually numbers and locations are just the beginning.

10 Actions That Will Transform You From Good To Great

Startup Professionals Musings

Everyone recognizes a great leader when they work with one, but most leaders don’t know what to look for in themselves that will drive that perception by others.

Smart Entrepreneurs Build Startups Without Investors

Startup Professionals Musings

In my experience as an advisor to aspiring entrepreneurs, I often encounter the myth that an initial startup requires investors.

10 Personality Types That Shouldn’t Be Entrepreneurs

Startup Professionals Musings

People who get stressed managing their own lives don’t make good entrepreneurs. Small businesses require multi-tasking, work prioritization, and decision-making, with no assistants or help from specialists. That’s why Fortune 500 executives usually don’t survive as startup CEOs.

7 Strategies For A Low Entry-Cost Sustainable Startup

Startup Professionals Musings

If your dream has long been to start and manage your own business, there is no time like the present to get started. The cost of entry is at an all-time low, working from home through an Internet website seen globally, turning a hobby or an invention into an online business.

Cost 67

8 Entrepreneur Challenges Founders Don’t Anticipate

Startup Professionals Musings

Every new entrepreneur who has not spent years in corporate life has the advantage of an unbiased look at business opportunities, but at the same time has the disadvantage of missing critical business experiences that can cost them dearly in their first startup venture.

6 Growth Barriers Most Startups Don’t See Coming

Startup Professionals Musings

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve.

6 Startup Strategies That Turn Off Most Investors

Startup Professionals Musings

Don’t bash the competition. Every investor knows how vulnerable a new startup is to competitors, so investors always ask about your sustainable competitive advantage in the marketplace.

7 Leadership Principles To Get You From Smart To Wise

Startup Professionals Musings

Most of the entrepreneurs I have met are smart, but many are not always wise.

7 Writing Rules Eliminate Any Failure To Communicate

Startup Professionals Musings

Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing.

Email 93

6 Tools To Assess Your Potential As An Entrepreneur

Startup Professionals Musings

Too many people, young and older, let their career and their lifestyle happen to them, rather than proactively making things happen based on their personal passions, skills, and interests.

6 Ways Startups Are Fooled By Prior Business Models

Startup Professionals Musings

As an entrepreneur mentor and startup investor, I see with sadness the 50 to 90 percent that fail. If you ask them for a reason, most will insist that they couldn’t get funding, or they ran out of money too early. But I’m not convinced that it’s as simple as that.

How Entrepreneurs Select And Nurture Top Performers

Startup Professionals Musings

Isn’t it amazing that some people you know always seem to be working hard, but never seem to get anything done? As an entrepreneur, you need to avoid partnering with these people, or hiring them into your startup. The challenge is to find people who get things done, as well as work hard.

Don't Fall for These 6 Deadly Myths of Startups

Startup Professionals Musings

Image via Flickr by Side Wages Some entrepreneurs forget that they need an innovative business model along with an innovative solution to have a successful startup. Inventors alone, or business gurus alone, generally fail. It really takes a complementary pair of founders to improve the odds.

10 Proactive Ways to Build Engagement From Your Team

Startup Professionals Musings

Every business wishes that all their employees were star performers, but wishing doesn’t make it happen. Some coaches and leaders seem to have the magic for bringing out the best in everyone.

Every Startup Needs Intellectual Property To Thrive

Startup Professionals Musings

A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. When someone says Intellectual Property (IP), most entrepreneurs think only of patents.

8 Keys To Getting Real Value From Business Networking

Startup Professionals Musings

There is no skill more vital to an entrepreneur than effective networking. You can’t build your business alone, and networking is the best way to open doors, professionally and personally.

These 8 Disciplines Define A Fundable Entrepreneur

Startup Professionals Musings

Aspiring entrepreneurs often ask me what to do first when starting a business.

Startups Need Great Execution More Than Great Ideas

Startup Professionals Musings

A popular approach for aspiring entrepreneurs these days seems to be to corner anyone who will listen, with a pitch on their current “million dollar idea.” The initial monologue usually ends with the question “How much money do you think this is worth?”

10 Startup Mistakes You Can't Afford To Make Again

Startup Professionals Musings

The good news is that everyone expects entrepreneurs to make mistakes, since founders explore uncharted territory. 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.

Leadership Is From Experience, Mentoring and Failure

Startup Professionals Musings

Committees don’t create successful startups. A single visionary entrepreneur almost always is the initial implementer of an innovative new venture, but that lone entrepreneur doesn’t have the bandwidth to grow the business alone.

7 Key Steps From a Million Dollar Idea To a Business

Startup Professionals Musings

Based on my own experience as a startup investor, and feedback from like-minded friends, we all get pitches for at least ten startup ideas for every one new business plan. New business founders need to remember that investors fund business implementations, not ideas.

10 Steps To Investing Successfully In New Ventures

Startup Professionals Musings

Investing in entrepreneurs and startups is a fun but different world from investing in conventional stocks, bonds, and commodities. First of all, it’s more of an investment in people than in a business, since the startup is usually an idea barely half-baked when they need your money.

9 Entrepreneur Habits That Lead To Long-Term Success

Startup Professionals Musings

Being an entrepreneur is a lifestyle that requires staying power, because starting a new business is a long-term process with many tough challenges. As an angel investor, I look diligently for signs that an aspiring startup founder has what it takes to thrive and prosper for the long haul ahead.

5 Reasons Entrepreneurs Need To Highlight Small Wins

Startup Professionals Musings

Managing and motivating a team in a startup is more than just using the right interpersonal skills. It’s more than providing recognition, tangible incentives, and clear work goals.

7 Accepted Startup Principles Violated By Steve Jobs

Startup Professionals Musings

Steve Jobs was a one-in-a-million entrepreneur who seemed to violate many conventional rules of starting a business and dealing with people, yet undeniably achieved great success.