article thumbnail

5 Reasons To Enlist Outside Advisors For Your Startup

Startup Professionals Musings

Here are some key reasons why I believe every entrepreneur should create a formal Advisory Board or Board of Directors before they ask for funding, or even build their business plan: We all need a bit of reality to balance our passion. Board members provide inexpensive expertise. Bandwidth is a constraint we all feel.

article thumbnail

How Baby Boomers Fit In The Realm Of Entrepreneurship

Startup Professionals Musings

They couldn’t possibly understand the new social media culture, new technologies, or have the determination to beat their younger counterparts in the market. Pew says the Boomer demographic is the largest mainstream pool of experienced talent in the market today, and will be for the foreseeable future. Member of the Advisory Board.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do you need an advisory board?

Berkonomics

Have you ever thought of creating an advisory board? Usually, you would want to create an advisory board to fill in the critical areas of need not evidenced in the board of directors or within the company itself. How about using the names for marketing, fundraising? How about the size of the group?

article thumbnail

A real Customer Advisory Board

Startup Lessons Learned

Lessons Learned by Eric Ries Monday, October 26, 2009 A real Customer Advisory Board A reader recently asked on a previous post about the technique of having customers periodically produce a “state of the company&# progress report. One example is having a real Customer Advisory Board. It was absolutely worth it.

article thumbnail

6 Key Leaders Every Technical Startup Needs To Thrive

Startup Professionals Musings

The combination of technical insight, founder authority, and sales experience is a hard-to-beat advantage in a competitive market. Outside professionals are always available, but they may have their own agenda, such as building a career, making money quickly, or managing up the stock price for a quick exit. The financial suit.

article thumbnail

Startups Are Not Just The Realm Of Young Generations

Startup Professionals Musings

They couldn’t possibly understand the new social media culture, new technologies, or have the determination to beat their younger counterparts in the market. Pew says the Boomer demographic is the largest mainstream pool of experienced talent in the market today, and will be for the foreseeable future. Member of the Advisory Board.

article thumbnail

6 Ways To Turn Business Adversity Into a Step Forward

Startup Professionals Musings

Stay cool and calm, and manage by objective facts. Rather than get angry and upset, fall back to your initial process for evaluating markets, customer needs, and financial implications. Don’t be afraid to ask for advice from peers, your advisory board, and outside experts and mentors.