Startup Professionals Musings

6 Success Mistakes Often Made By Serial Entrepreneurs

Startup Professionals Musings

As you know, growing a business is hard, especially the first time. Unfortunately, every new initiative is different, so don’t get too smug if you have had some success, and can’t wait to repeat it again.

5 Ways To Expand Your Thinking For Your Next Startup

Startup Professionals Musings

With all the upheaval and uncertainty these days, I find many entrepreneurs and business owners are reluctant to pursue new dreams , waiting for the world to stabilize and risks to go away. As a long-time business advisor, I see things just the opposite.

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5 Phases Of Every Startup That Regulate Your Success

Startup Professionals Musings

Successful startups seem to follow similar paths to greatness, and unfortunately all too often that path leads them back down the hill much faster than they went up.

Insights For Business Leaders Who Manage By Autocracy

Startup Professionals Musings

Trying to be a business leader by instilling fear in your employees and partners is never a good approach, but it is particularly devastating in a startup.

Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in their own ecosystem. He'll also go over metrics we can use to measure the health of our ecosystems as we build more resources for innovators.

5 Keys To Enhancing Your Business Negotiation Ability

Startup Professionals Musings

In my experience, the most successful business leaders and entrepreneurs are the best persuaders , not necessarily the ones with the best solutions. They know how to communicate what they have to the best advantage, and generate more results and satisfaction for all parties.

Balance Your Marketing Spending Between Free and Fee

Startup Professionals Musings

The power and influence of paid media advertising, including print ads, TV commercials, radio, and even online digital campaigns is waning, in favor of unpaid earned and owned messaging from your website, social media, key market influencers, and existing customer word-of-mouth.

7 Barriers To Communication In Business Relationships

Startup Professionals Musings

Most business mentors tell me that the single biggest problem they have to deal with in small companies is the lack of open, honest, and effective communication, both from the top down and from the bottom up. Some entrepreneurs forget that talking is not communicating.

10 Startup Founder Decisions That Have No Good Answer

Startup Professionals Musings

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle.

10 Attributes Of The Perfect Partner For Your Startup

Startup Professionals Musings

As a long-time business advisor and angel investor, I’m a believer that “two heads are better than one” in building a new business. 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.

8 Ways To Increase Worker Buy-In And Customer Service

Startup Professionals Musings

Most businesses spend big money testing their brand logo, catchy marketing phrases, and demographics, but spend little time training and validating that their employees can and do deliver exceptional experiences to their customers.

6 Qualities Of The Best People To Nurture Innovation

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.

7 New Venture Leader Attributes That Excite Investors

Startup Professionals Musings

In the beginning all businesses are just people playing out an idea. It’s never the other way around – there is no idea so big that it doesn’t need people to make it succeed. Investors know this, hence the saying “Bet on the jockey (founder), not the horse (idea).”

8 Aspects Of Team Well-Being Drive Business Results

Startup Professionals Musings

Every entrepreneur and business leader I know realizes that it takes a dedicated team to build and run a successful business, and nurturing that team is one of your most important priorities.

6 Marketing Specifics That Apply To Every New Venture

Startup Professionals Musings

Marketing is everything these days. You can have the best technology, but if customers don’t know you exist, or they don’t know how your technology solves a real problem for them, your startup will fail.

7 Challenges To Overcome When Building A Startup Team

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.

7 Traits Advised For Adoption By Every Business Owner

Startup Professionals Musings

In my experience as a business advisor and angel investor these days, I seem to more frequently hear from entrepreneurs and business owners with “can’t-fail” or “get-rich-quick” ideas.

7 Ways To Keep Your Business Working Like A Startup

Startup Professionals Musings

For all of you whose business has survived for a few years, have you noticed how your thinking has changed ? Instead of sizing up new opportunities and actively courting every new customer, you start worrying about cutting costs, repeatable processes , and overtaking known competitors.

10 Ways To Be An Entrepreneur Who Endures And Thrives

Startup Professionals Musings

As the economy rebuilds after some tough economic times, more and more people seem to be turning to entrepreneurship and their dream lifestyle as an alternative to traditional employment.

10 Reality Checks On How To Get From Idea To Delivery

Startup Professionals Musings

Most people think innovation is all about ideas, when in fact it is more about delivery, people, and process.

4 Key Traits Of Radical And Profound Business Leaders

Startup Professionals Musings

By definition, most entrepreneurs are thought leaders. They have the ability to recognize a market need, the skills to design and implement a solution, and the drive to start a business from that solution. It all comes from within themselves.

7 Metaphors That Every Aspiring Leader Should Emulate

Startup Professionals Musings

In building successful businesses, I find that creating a new and innovative product or service is usually the easy part. The hard part is providing the leadership required to align and motivate all the constituents and players – from engineers, to investors, vendors, and ultimately customers.

9 Business Model Components For New Business Funding

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.

7 Goodwill Factors Will Raise Your Business Valuation

Startup Professionals Musings

When it’s time to sell your company, or get new investors, valuation is the key parameter to success or disappointment.

8 Keys To Getting Team Decisions You Can Learn From

Startup Professionals Musings

Starting and running a company is a team effort. Yes, it takes a leader (entrepreneur), but you can’t do it alone, without a team. Maybe only you and a co-founder comprise the team at first, to provide key skills, back you up, and test your ideas.

10 Strategies For Staying Cool Under Pressure At Work

Startup Professionals Musings

Every business professional needs to stay cool under pressure, to be a top performer, and for the sake of their own health. Yet everyone has a melting point – a critical threshold where pressure causes them to respond irrationally.

7 Keys To Keeping Your Business Agile And Competitive

Startup Professionals Musings

With the current pandemic appearing to scale down, many of you running businesses are looking forward to things getting back to the way they used to be.

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7 Insights From Founders Who Have Been There Before

Startup Professionals Musings

When you have been on the startup firing line, you quickly learn that any insight from experts and entrepreneurs who have been there before you can make the difference between failure and success. Yet, many new entrepreneurs brazenly assume they are bulletproof, and march blindly into the fray.

5 Characteristics of A Startup Destined For Success

Startup Professionals Musings

Every startup wants to be a predictable success, yet so few ever achieve this enviable position. In reality, getting there is not a random walk, and requires an understanding of the stages that every business must navigate and the organizational characteristics necessary at each stage.

6 Essential Elements For Kickstarting Your Business

Startup Professionals Musings

Your marketing launch is the most important element of startup success these days, to get customer attention in this world of information overload. Yet it is the one element that too many entrepreneurs focus on only as an afterthought.

6 Ways To Sustain Growth In A Maturing Global Market

Startup Professionals Musings

Most of you business owners I know are looking forward to the day when your product, team and processes begin to mature, and your business growth keeps tilting upward as you scale. You expect to relax a bit, and relish in the success that you see coming.

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8 Management Mistakes Which Will Defeat Your Business

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.

Looking At Startups By The Rules Of Natural Selection

Startup Professionals Musings

The good news is that a recent Kauffman Early-Stage Entrepreneurship (KESE) Index shows the highest level of new business activity recorded in the last two decades, and the cost of entry at an all-time low.

10 Ways To Enlist Trust And Power For True Leadership

Startup Professionals Musings

One of the first harsh realities that every entrepreneur has to learn is that most of the things that are critical to startup success are outside of their direct control.

7 Keys To A Long-Term Career View As An Entrepreneur

Startup Professionals Musings

Is it possible to be successful in business and not fulfilled?

10 Key Business Domains Where ‘Big Data’ Looms Large

Startup Professionals Musings

Even though ‘big data’ has now been around for several years, the opportunities for startups seem to keep growing, just as the amount of data keeps growing. According to Forbes , over the last two years alone 90 percent of the data in the world was generated.

10 Business Practices Owners Often Learn The Hard Way

Startup Professionals Musings

I agree with those of you who tell me that you learn the most from your own mistakes, but that shouldn’t keep you from starting with some best practices , and the feedback from others who have been there and done that.

How To Prevent Gaps in An Innovative Startup Strategy

Startup Professionals Musings

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

5 Key Points Of Focus For Every Scalable New Venture

Startup Professionals Musings

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers.

7 Considerations For Setting Your Bottom Line Balance

Startup Professionals Musings

It’s always been tough to start a new business, even when the bottom line was just making a profit to stay alive. A few years ago, a second focus of sustainability (“green”) was added as a requirement for respectability. Now I almost always hear a third mandate - social responsibility.

8 Values-Based Initiatives Lead To Business Success

Startup Professionals Musings

True business success and leadership starts with real personal values, extends to building a team, and finally to inspiring customers and your community. That’s a huge leap from an entrepreneurial idea, to a product, to making money. Is it any wonder that the majority of startups fail?

Customer Trust Is An Opportunity With A Huge Payback

Startup Professionals Musings

With the ITRC 2021 End-of-Year Data Breach Report revealing a 68 percent increase in stolen sensitive personal information, there is a growing population out there worried about all the people intent on hurting them.

5 Flocks Of Investors Looking For An Enticing Startup

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.