Startup Professionals Musings

8 Types of Aspiring Entrepreneurs Who Will Not Start

Startup Professionals Musings

Every entrepreneur I know is dismayed by the number of friends who approach them with a line such as “I have an even better idea that will change the world, and one of these days I’m going to get around to starting my own business.”

5 Tactics To Minimize Meeting Time And Get More Done

Startup Professionals Musings

If you are like most entrepreneurs I know, there just aren’t enough hours in a day to get all your own work done, as well as run the many one-hour meetings each team member seems to demand for decisions and mentoring.

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6 Ways To Learn The Realities For Starting A Business

Startup Professionals Musings

Despite the rush in every academic institution to offer more courses on entrepreneurship, I still haven’t found it to be something you can learn in school.

8 Sure Signs That Your Leadership Style Needs Tuning

Startup Professionals Musings

Most entrepreneurs assume that success is dependent on their product expertise, coupled with some knowledge of how to run a business. In fact, I have found from personal experience and mentoring that both of these are necessary, but not sufficient, for building a business.

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.

8 Reasons That Startups Need To Think Like An Invader

Startup Professionals Musings

Winning customers as an entrepreneur in a startup has many parallels to a young army trying to penetrate some formidable new and unfamiliar territory. You need a strategy as well as a goal, and you need to pick your battles well.

8 Keys For Transforming An Innovation Into A Business

Startup Professionals Musings

As a mentor to many business professionals and owners, and aspiring entrepreneurs, I find a wealth of innovative ideas, but often less insight on what it really takes to transform ideas into an income stream that can excite new customers into long-term business success.

8 Tactics For Leading Your Business Through Adversity

Startup Professionals Musings

As a business owner in this age of rapid technological change, with the surge of worldwide competitors, setbacks and adversity are virtually guaranteed.

7 First Impression Negatives Every Founder Must Avoid

Startup Professionals Musings

Relationships are the key to survival and success for entrepreneurs, and first impressions usually turn into lasting impressions.

6 Marketing Accelerators For Boosting Business Growth

Startup Professionals Musings

The days of “ if we build it, they will come ” are gone. Great marketing is required to generate revenue and grow every business, especially new businesses which have no brand recognition nor loyal customer base.

10 Remote Staffing Blunders That Will Cost You Dearly

Startup Professionals Musings

These days, it is almost impossible to find a small business where everything is done by full-time employees, in the office or at home. We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants.

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6 Mistakes Often Made Positioning Against Competition

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.

5 Ways The Right Leadership Culture Benefits Business

Startup Professionals Musings

Many entrepreneurs still don’t understand that building a business culture today of doing good, like helping people (society) and planet (sustainability), is also a key to maximizing profit. Employees and customers alike are looking for meaning, not simply employment and commodity prices.

5 Ways To Separate Advisor Relationships From Critics

Startup Professionals Musings

Every startup needs a couple of advisors with deep experience and connections in your business domain or financial skills to complement your technical focus. Advisors need to be mentors, looking ahead and directing you on key actions to take or avoid.

10 Keys To Surviving Startup Cash Flow Requirements

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers.

5 Strategies To Thrive Despite Information Overload

Startup Professionals Musings

Every business leader I know is overloaded with data these days, with a wealth of new business tools, social media channels, and countless emails and text messages. Yet, ironically, they still feel they are always behind in recognizing the impact and need for change.

10 Ways To Move From “Thinking Different” To Success

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.”

6 Steps To Showing The Business Value Of What You Do

Startup Professionals Musings

As a mentor to business professionals, I find that many are frustrated that peers and managers don’t recognize the true value of their contributions. These people expect their results have self-evident value, without requiring any effort on their part.

5 Keys To Achieving Memorable Competitive Distinction

Startup Professionals Musings

Every entrepreneur believes that their product or service is memorable, and that every customer will quickly see the advantage over competitors. Yet true product differentiation in the eye of the customer is rarely achieved.

7 Strategies To Cultivate Next Generation Leadership

Startup Professionals Musings

Millennials have come a long way in business since I started writing about them over ten years ago. They started out as that spoiled generation of kids, born between about 1982 and 2004, who had everything, and could care less about business.

5 Key Steps For Launching A Successful Startup Today

Startup Professionals Musings

Perhaps sparked by the recent pandemic, I’m seeing a new era of the entrepreneur, with startups springing up all around. Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers.

8 Ways To Create Balance Between Logic And Creativity

Startup Professionals Musings

Traditionally, the majority of entrepreneurs have been logical thinkers, problem solvers, with full attention to details. These are the stereotypical left-brain engineers.

7 Personal Priorities Reveal Your Business Readiness

Startup Professionals Musings

As a mentor to aspiring entrepreneurs, the most common question I get is, “I want to be an entrepreneur -- how do I start?” The obvious answer is that you need an idea first, but I’ve come to realize that the process is really much more complex than that.

7 Strategies To Prepare For Tough Business Challenges

Startup Professionals Musings

Providing business leadership is a challenge under the best of circumstances, but it is especially difficult in times of market and customer crises.

6 Keys To Selecting The Right Business Future For You

Startup Professionals Musings

Most of you business professionals that I know have at least thought about or talked about starting their own business, to get more control, make more money, or to get more satisfaction out of their life. The challenge is when and how to make the switch to the entrepreneur lifestyle.

7 Business Leadership Traits Persuade Customers Today

Startup Professionals Musings

We are living in a new generation of business, where customers drive the experience, and highly engaged employees are required to keep up with customer expectations. Traditional business leadership practices, including autocratic, reactive, and narcissistic, aren’t good enough.

10 New Venture Myths To Avoid Despite The Temptations

Startup Professionals Musings

Starting a new business is a serious undertaking. Yet many aspiring entrepreneurs I know approach it as a fun project, get-rich quick scheme, or perhaps an expensive hobby.

All New Venture Opportunities Come With Unknown Risks

Startup Professionals Musings

Outside of dreams, there is no real business opportunity without risk. Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk.

10 Tactics For Driving Disruptive Startup Innovations

Startup Professionals Musings

How is it that only a few business leaders and entrepreneurs seem to drive exceptional results and disruptive innovation in this rapidly changing market economy (marketquake)? These few seem more adept at executing market and technology turns, not just incremental evolution.

6 Lessons Startups Can Learn From Military Principles

Startup Professionals Musings

You have to be extra tough mentally to start a new business venture.

5 Keys To Building A Positive Culture In Your Startup

Startup Professionals Musings

Throughout my career in small companies and large, I’ve always been appalled by the number of people who have a negative attitude or complain all the time.

8 Initiatives For Disruptive Change In Your Business

Startup Professionals Musings

Does your business always seem to be trying to catch up with new competitors and changes in the marketplace? One of the things I learned from my years in Silicon Valley is that you must always focus on three steps ahead, as well as on what exists today.

8 Organizational Cultures Boost Output And Cut Costs

Startup Professionals Musings

The new era of highly connected and interactive technology is changing not only how business employees interact with customers, but also how they interact with each other, and with their company.

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10 Leadership Actions To Drive Effective Team Results

Startup Professionals Musings

Getting things done effectively in a startup requires total individual and team accountability. You can’t afford excuses and multiple people doing the same job. In my view, “taking responsibility” is the core element behind accountability.

Almost Always Any Decision Is Better Than No Decision

Startup Professionals Musings

Every so often a promising entrepreneur seems to freeze in the oncoming headlights and gets run over by his competition. Why is it that his idea which seemed so fundable only months ago fails to attract investors today? The team is the same. The company's market is the same.

7 Risks Of Not Leveraging Team Member Data Analytics

Startup Professionals Musings

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people.

5 Ways To Make Innovation A Priority In Your Business

Startup Professionals Musings

In my experience with business leaders, real innovation thinking is rare, compared to the urge to add just one more feature to an existing product, or make a small tweak to an existing business model. I call this linear thinking , and it’s a sure way to be ultimately overrun by your competition.

5 Business Growth Drivers Facilitated By A Co-Founder

Startup Professionals Musings

In my experience, some of the best businesses have multiple partners, with complementary strengths. Starting and running a business requires many different skills and interests, and not many of us have all of them.

4 Entrepreneur Categories Hunt For Market Innovations

Startup Professionals Musings

Most entrepreneurs believe they are “different,” but they can’t quite understand how. They usually explain it by insisting that they are driven to follow their passion, need to be their own boss, want to get rich quick, or want to change the world.

5 Keys To Taking An Idea From A Vision To A Solution

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?”

6 Risks For Taking A Side Door Into A Public Exchange

Startup Professionals Musings

With the current volatile economy, as an active startup mentor, I’m seeing a new surge of entrepreneurs and startups, with the commensurate scramble for funding. There just aren’t enough angel investors and VCs to go around.

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10 Keys To Building A Business Image To Be Remembered

Startup Professionals Musings

Every entrepreneur and business leader waits too long before really working on the legacy that he wants to leave to society and his family.

For Many New Ventures, Location Is The Key To Success

Startup Professionals Musings

Even in this age of globalization and virtualization, the geographic area where you choose to live and work can still make or break your startup business.