Startup Professionals Musings

8 Entrepreneur Attributes Proven To Attract Investors

Startup Professionals Musings

As an angel investor in early-stage startups, I’ve long noticed my peers apparent bias toward the strength and character of the founding entrepreneurs, often overriding a strong solution to a painful problem with a big opportunity.

5 Strategies For Recognizing Early The Need To Change

Startup Professionals Musings

Every entrepreneur realizes that change is now the norm, and they have to adapt their business quickly to survive and prosper. In fact, the best entrepreneurs seem to see breakthrough changes coming even before they really happen, and are able to turn them into huge new opportunities.

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6 Management Strategies To Maintain Brand Leadership

Startup Professionals Musings

Every one of you business owners I know has worked hard to build your brand, and recognizes the critical value of instant brand recognition and leadership. You have done everything to register your brand legally , including domains, copyrights, patents, and trademarks.

6 Keys To Positioning Your Disruptive Solution Today

Startup Professionals Musings

Every entrepreneur with a new technology tells me that his innovation will be industry-disrupting, meaning that it will render the existing technology obsolete, and create a new market.

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.

10 Startup Execution Steps Highlight The Finish Line

Startup Professionals Musings

Businesses always seem to take longer to succeed than an entrepreneur expects. Seth Godin once said that overnight success in startups takes about six years, and Seth is an optimist. Thus we all look for shortcuts.

6 Strategies To Maintain A Spotlight In Your Business

Startup Professionals Musings

Intuitively, many entrepreneurs and businesses believe that the key to faster growth and success is more products, features, and markets.

8 Principles For Better Delegation And Work Control

Startup Professionals Musings

In my role as a business advisor, a complaint I often hear from owners and professionals alike is that there is just not enough time to get everything done.

5 Keys To Spending Your Time On The Right Work Items

Startup Professionals Musings

If you define your self-worth as an entrepreneur by how busy you are, it’s time to find another lifestyle. We all know people who are extraordinarily busy, but never seem to accomplish anything.

7 Strategies To Prepare For The Next Customer Change

Startup Professionals Musings

If you think your business has weathered the storm, think again. In addition to obvious economic challenges, the emerging generation of customers is determined to radically change the rules for customer engagement.

8 Keys To Being A First Responder To Market Changes

Startup Professionals Musings

The recent pandemic was a strong signal for change, and I see most of you entrepreneurs and business owners responding to the business changes required and new opportunities presented.

6 Obligations That Come With Startup External Funding

Startup Professionals Musings

As an angel investor to startups, I’m still surprised to find entrepreneurs who expect investors to give them money, and assume no strings attached. Would you do that if it was your money?

6 Steps To Personal Satisfaction As Well As Success

Startup Professionals Musings

It’s sad when the startup is “successful,” but the founder still feels totally unsatisfied. I see it happening all the time. The business is a winner, but the family or other relationships are broken by the stress.

6 Keys To Getting Beyond Basic Incremental Innovation

Startup Professionals Musings

One of the business ironies that many entrepreneurs have learned the hard way in the past is that ideas which are truly disruptive carry the highest risk of failure, take the longest to gain traction, and thus are the least likely to get external funding.

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7 Ways To Raise Your Visibility As A Business Leader

Startup Professionals Musings

By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. Yet I have learned over the years as a startup advisor that all business leaders are not the same.

5 Ways Creative Startups Can Sustain The Environment

Startup Professionals Musings

As I have said many times, the cost of entry for an aspiring entrepreneur has never been lower, and the total wealth of opportunities has never been larger.

8 Ways Entrepreneurs Keep Ahead Of Business Change

Startup Professionals Musings

Sometimes entrepreneurs are so focused on making change happen for customers that they forget that continually changing themselves and their company is equally important.

8 Personal Attributes Mitigate Startup Funding Risks

Startup Professionals Musings

In the eyes of investors like me, to be an entrepreneur, it’s not enough to create an innovative solution – you need to convince me that you can build a profitable business.

8 Startup Excesses Which Will Jeopardize The Business

Startup Professionals Musings

Every entrepreneur I know is short on resources, including time, money, and skills. The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often.

6 Keys To Finding The Right People For A Winning Team

Startup Professionals Musings

If you are a new business owner or entrepreneur, you are likely to be creative and willing to take a risk , and you probably assume that most potential team members have the same mindset.

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7 Accelerated Growth Strategies For Disruptive Change

Startup Professionals Musings

To build a startup, entrepreneurs need a laser focus on providing an innovative solution to a real problem. Once they achieve that initial traction, the focus needs to change for quicker growth.

5 Tips For New Entrepreneurs Needing Investor Funding

Startup Professionals Musings

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway.

10 Ways Leaders Must Change As The Business Matures

Startup Professionals Musings

Entrepreneurs often have formidable technical expertise, key to developing a new product or service, but a great naïveté in management skills. They run into difficulty when their business reaches the $1-2 million annual sales range, or their employee count exceeds 5-10.

7 Keys To Asking The Right Questions To Be A Leader

Startup Professionals Musings

Every entrepreneur has blind spots which limit their effectiveness and success, but due to ego, over-confidence, or deferential subordinates, many live totally in the dark.

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6 New Venture Realities To Target Your Funding Effort

Startup Professionals Musings

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”).

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8 Ways To Ensure Customer Interactions Are Memorable

Startup Professionals Musings

As a consumer, I rarely pay attention to your marketing pitch, but I certainly always remember a exceptionally positive total experience with your team, based on a memorable set of interactions from first contact to discussions with friends.

7 Ways Of Using An Immigrant Culture In Your Business

Startup Professionals Musings

As a long-time advisor to new entrepreneurs here in the USA, I’ve long been impressed with the number that come here from other countries, and the positive traits that most of these seem to bring with them.

10 Keys For Responding To A Reputation Crisis Online

Startup Professionals Musings

In my role as an advisor to small businesses, I still find that many of you still claim to have a negligible online presence , and don’t feel it necessary to monitor your reputation there.

10 Tips For Entering The Startup Community This Year

Startup Professionals Musings

These days I see a surge of new startups as businesses seem to be recovering from the pandemic. If you are not starting one yourself, the next best thing is joining one as a partner, or as an early employee.

8 Reasons To Initiate A Startup While Career Probing

Startup Professionals Musings

If you are one of the many professionals still trapped between jobs by circumstances outside your control, or are about to dump the loser job you have now, you should be actively defining and starting your own business, in parallel with looking for that ideal job.

10 Tactics To Shorten Your Race To Cash-Flow Positive

Startup Professionals Musings

As I’m sure you are aware, surviving that first couple of years as a new business is a huge challenge, waiting for cash flow to turn positive.

7 Essential Steps From A Lone Entrepreneur To Success

Startup Professionals Musings

You can’t win as an entrepreneur working alone. You need to have business relationships with team members, investors, customers, and a myriad of other support people. That doesn’t mean you have to be a social butterfly to succeed, or introverts need not apply.

5 Ways To Turn Business Connections Into New Ventures

Startup Professionals Musings

I often hear the popular notion that successful entrepreneurs are built from a single heroic insight or a single innovation. This is just plain wrong. The business world is a symphony of players and elements that only works when everything interconnects harmoniously.

7 Ways Fun At Work Leads To Innovation And Creativity

Startup Professionals Musings

I’m convinced that people who have fun at work are more innovative, as well as happier. I don’t have any big scientific studies to prove this, but in my considerable business experience, I haven’t seen many successes come out of a group of fearful pessimists or unhappy people.

How To Know It’s Time To Exit Your Company Gracefully

Startup Professionals Musings

For most entrepreneurs, their current business is not where they intend to stay until they die. At the right time, they all intend to make a graceful exit, and leave while still perceived to be on top of their game.

10 Ways To Build The Trust You Need To Lead A Company

Startup Professionals Musings

Based on my experience with startups, trust is the most valuable asset you can have, especially when asking people to step into the unknown by funding your innovation, by joining your team, or just buying your new product as an early customer.

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7 Strategies For Making A Mentoring Relationship Work

Startup Professionals Musings

I’m a big fan of mentoring in business, and have been at different times on both the contributing and receiving end of the process. These days, I seem to often hear from entrepreneurs who are struggling to find a mentor, or complaining about their lack of effectiveness.

8 Ways An Incubator Can Accelerate Your New Venture

Startup Professionals Musings

More and more entrepreneurs are hearing about the successful graduates and investors queued behind a few well-known startup incubators, including Y Combinator, TechStars, and the Founder Institute.

6 Techniques For Kickstarting Time Management At Work

Startup Professionals Musings

One of the toughest challenges of an entrepreneur in building a startup is the fact that there are so many things that you don’t know how to do, or don’t like to do. Things like raising money, building a business plan, or hiring and firing people. These aren’t fun, especially for a visionary.

How To Make The Most Of Your DNA As An Entrepreneur

Startup Professionals Musings

Anyone who works with entrepreneurs will tell you that all are different. Some are really inventors, who view the challenges of building a business as a necessary evil. Others are really marketers out to make money fast, and believe that they can entice customers to any offering.

Entrepreneurs Are Needed To Make Web Searches Smarter

Startup Professionals Musings

Soon you should be able to ask your browser or smart phone context-specific questions like "Where should I take my wife for a good movie and dinner?"

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In Your Business, You Can’t Learn If You Don’t Listen

Startup Professionals Musings

When you are not presenting to investors or your team, try to spend more time listening than talking. You can’t learn anything new while you’re talking, yet many entrepreneurs seem to never stop.

6 Keys to Attracting Customers Based On Social Needs

Startup Professionals Musings

As a logical and data-driven business advisor, I have long focused on facts, technology, and quantifiable pain in guiding entrepreneurs.