June, 2015

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Do Less. More.

Both Sides of the Table

We are experiencing a frenetic time. I rarely talk to any startup entrepreneur or VC who doesn’t feel it and somehow long for simpler times despite the benefits we all enjoy from increased enthusiasm for our sector. For entrepreneurs there’s too much money sloshing around. One would think entrepreneurs would never want less available cash – until such time as their competitors ridiculously and unnecessarily all raise $50 million in the name of a “land grab” thus mak

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7 Tips On Building Better Connections With Your Team

Startup Professionals Musings

Entrepreneurs need to be effective team leaders, since no one can transform an idea into a product and a business without some help. Unfortunately many founders I work with as a mentor are experts on the technical side, but have no insight into leading a team. But fortunately, team building is a skill that can be learned and practiced, for those willing to put in some effort.

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Why A Big Ego Could Be Your Downfall (And Seven Tips To Help You Hone Your Humility)

YoungUpstarts

by Edward D. Hess, author of “ Learn or Die: Using Science to Build a Leading-Edge Learning Organization “. Not so long ago, our culture really (really) admired people with big egos. We called them rugged individualists, fearless leaders, MVPs, visionaries, and go-getters. We respected these confident and successful folks for (seemingly) having all the answers.

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Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

I’ve been working with large companies and the U.S. government to help them innovate faster– not just kind of fast, but 10x the number of initiatives in 1/5 the time. A 50x speedup kind of fast. Here’s how. —– Lean Innovation Management. In the last five years “ Lean Startup ” methodologies have enabled entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly trying to execute.

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. 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

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Your 2015 guide to summer reading for startups

The Next Web

Summer has unofficially begun here in the U.S. And I don’t know about you, but there’s nothing I love more than relaxing with a great book on the beach or laying in the grass at a park. And if I can get better at my job in the process? That, my friends, is a win-win. Or double win, as I like to call it. Since our previous reading lists ( here and here ) were so helpful for me personally as a reader, I want to pay it forward.

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How to Use Your Business Plan to Track Your Progress and Exceed Your Goals

Up and Running

My favorite quote on business planning is when former president Dwight D. Eisenhower said: “The plan is useless; but planning is essential.”. What I’ve always taken from that is the importance of keeping a plan live; reviewing it, and revising it. The core concept of my work on lean business planning is that cycle: plan-run-review-revise. One of my favorite quotes from what I’ve written previously is “The value of a plan is the decisions it causes.” All of which brings me to the sub

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7 Keys To A Compelling Investor Executive Summary

Startup Professionals Musings

Few investors these days have the time or patience to read a full business plan, so a better way to catch their eye is with a tightly written and well formatted two-page executive summary. As a model, think high-quality marketing collateral, with text and graphics in columns and sidebars, but focused on the value of your business, rather than selling your product.

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Sluggish Summer: 3 Tips To Rejuvenate Employees And Keep Your Business At Top Performance

YoungUpstarts

by Richard Milam , the Founder and CEO of EnableSoft Incorporated. The summer brings humidity, heat, vacations and the well-known fact that employee productivity decreases this time of year. Workers become distracted and sluggish when wanting to be out-of-the-office. A Captive Network study of 600 white collar North American workers says that workplace productivity drops 20 percent during the summer months, worker attendance decreases by 19 percent, projects take 13 percent more time to complet

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Twitter Link Roundup #275 – Fascinating Stuff for Small Business, Startups, and Design!

crowdSPRING Blog

We love dreams. We love childhood memories. We love stop motion animation. Vera Van Wolferen ‘s How to Catch a Bird pulls it all together in a wonderfully creative and evocative way. Now wake up! Once again, it’s time for our weekly Roundup! Take a little trip through this week’s set of links and articles that we shared with you over the past week on our crowdSPRING Twitter account (as well as my own Twitter account ) is keyboard perfection!

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Leadership vs. Management

SVPG

I would argue that two of the most importance competencies in building great product organizations, indeed nearly any significant organizational undertaking, are leadership and management. Yet so few people actually consider what each of these really means. Many people just lump the two together. Some think this is what’s taught in MBA programs (it’s not).

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How to Find a Business Partner

Up and Running

You don’t have to do everything yourself—a partner can be an asset to your business. Entrepreneurs have a reputation for trying to do it all singlehandedly. In the early days of starting your business, you may feel like you’re wearing several hats—too many, in fact. For this reason, you might consider working with a business partner. Not only does having a business partner distribute some of the work, it gives you someone to bounce ideas off of, the benefit of an additional skill set, and

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Why Successful People Focus on the Bottom End of the Funnel

Both Sides of the Table

Business leaders have many tasks to accomplish and prioritizing stuff can be hard. Yesterday I wrote about the need to “ do fewer things, more often ” in which I described that frenzied world we live in and why the shiny objects and distractions stop us from living up to our true potential. Today I’d like to give that advice in more tangible terms and with a framework to think about your tasks – the funnel.

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5 Shortcomings Of A Visionary And How To Compensate

Startup Professionals Musings

It seems like every entrepreneur I meet these days is quick to proclaim themselves a visionary, expecting that will give more credibility to their startup idea, and improve their odds with investors. In reality, I’m one of the majority of investors who believe that startup success is more about the execution than the idea. Thus, unless the visionary highlights a cofounder who can take the vision and execute, I assume the worst.

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5 Privacy Tips For Startups

YoungUpstarts

By Janis Kestenbaum , a partner in Perkins Coie. Startups have bigger concerns than privacy, or so they think. Many startups have learned that being young and small does not keep them off the radar screens of privacy regulators, and they can be vulnerable to costly investigations. Privacy issues that come to light in the course of the due diligence process for an acquisition can also threaten their valuation.

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How To Find, Vet And Hire A Software Consultant

YFS Magazine

If you are running a business, chances are you will need the services of a software consultant at some point.

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A Victory for Artists Everywhere – Thank You Taylor Swift!

crowdSPRING Blog

Thank You Taylor Swift! Wow. Words I never once imagined being typed by my own fingers. But, credit where credit is due, Miss Swift went up against Goliath, carefully aimed and swung her sling and, Pow! The monster was vanquished! If you don’t know what I am talking about here, a little background: about a year ago, Apple acquired Beats Music, the music streaming service and manufacturer of a popular line of fashion-forward headphones.

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Maternova and the Business of Saving Lives: A Secret to Success Story

Up and Running

Meg Wirth and Allyson Cote, founders of Maternova. Maternal health is a concern the world over, especially in developing nations. Childbirth can be a precarious process; for some women and their infants it can be life-threatening. According to the World Health Organization, 800 women die every day during childbirth, with 99 percent of those deaths taking place in the developing world.

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5 Ways Writing A Book Will Supercharge Your Online Presence

Duct Tape Marketing

5 Ways Writing A Book Will Supercharge Your Online Presence written by Guest Post read more at Small Business Marketing Blog from Duct Tape Marketing. Let me tell you right off the bat, writing and publishing a book is a lot easier than you think. In September of 2014, when I became a Duct Tape Marketing Certified Consultant, I provided a list of ten reasons why joining the Duct Tape Marketing Consultant network is a no-brainer for digital agencies.

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Diligence

Rob Go

When an investor “does work” on a potential investment, it usually means engaging in some form of due diligence. One of my favorite VC sayings is from an investor that has said that “due diligence is something VC’s do very studiously when they want to kill a deal” I’ve often quoted this, half joking, half in truth.

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Tips For Improving Your Customer Service

YoungUpstarts

Providing great customer service is one of the most important parts of the business equation. If you want to ensure that your customers keep coming back to you with their business, you need to make sure that they can find help when they need it, that they are left alone when they want to be, and that your sales team is able to anticipate their needs so that they will feel exceedingly well attended to.

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Playing Startup

Agile VC

I’ve observed what may be an emerging trend, at least in some startups, that I find somewhat unsettling. It has an impact at an individual level, a company level, and an ecosystem level. This is not an easy topic to discuss without coming off like a jerk or a crusty old dude, so I wanted to share two quick stories about my own career below. But I think it’s important to discuss, particularly given today’s heady environment for startups.

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Small Business and Startups: Teams and Transparency

crowdSPRING Blog

How transparent is too transparent? At crowdSPRING we have worked hard since we first launched to share information openly and honestly with our users, our investors, and our team. We communicate regularly with customers about site issues, new features, and our policies and procedures. We ask for feedback and suggestions and, when users choose to share their ideas with us, we consider these carefully and seriously.

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5 Ways Small Business Owners Can Save on Healthcare Finances

Up and Running

Personal and financial freedoms are two selling points that may have convinced you to become a small business owner. Each day you have the freedom to work as hard as you want to grow your company. You don’t have to answer to anyone but yourself about day-to-day decisions. However, with that freedom comes obligation to employees (and possibly family members) who look to you to provide them with financial security.

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Products I Love to Use

Both Sides of the Table

Every year around the holidays journalists and bloggers around the world publish “top ten” lists or “annual buyer’s guides” or similar. And every year I think about doing the same. But it’s the holidays and I usually can’t be bothered. Plus, after reading everybody else’s list it feels pedestrian to publish mine.

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Diligence

Rob Go

When an investor “does work” on a potential investment, it usually means engaging in some form of due diligence. One of my favorite VC sayings is from an investor that has said that “due diligence is something VC’s do very studiously when they want to kill a deal” I’ve often quoted this, half joking, half in truth.

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[Infographic] Mobile App Backlog Affecting The Enterprise: Outsystems

YoungUpstarts

Here’s a shocking statistic – according to a survey by London-based insights agency Opinion Matters last year revealed that a shocking 85% of enterprises have a backlog of between one and 20 mobile applications. That’s right, mobile app development is lagging far behind the operational needs and burgeoning mobile use in the enterprise, highlighting the dire challenges faced by enterprises when it comes to mobile application development.

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An epic time for enterprise technology

deal architect

Like most, I have watched many a “One more thing” announcement by Steve Jobs. While it made many run out and line up for blocks when Apple introduced that shiny new thing, it inspired the author in me to write.

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How Entrepreneurship And Angel Investing Remove Barriers For Women

Early Growth Financial Services

This guest post by Geri Stengel was originally published on Forbes. Opportunities are growing for women to sidestep the glass ceiling and steer clear of the glass cliff, that corporate “opportunity” for leadership given to women and minorities when there is high risk of failure due to a crisis created by former leaders or because needed resources aren’t given.

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How to Use Email Tracking to Dramatically Ramp Up Sales

Duct Tape Marketing

How to Use Email Tracking to Dramatically Ramp Up Sales written by Guest Post read more at Small Business Marketing Blog from Duct Tape Marketing. It’s no secret that email marketing metrics offer great insights. They let you learn from your customers’ behavior and steer your marketing ship accordingly. But how do you find the best strategy for connecting with customers and prospects directly?

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How Do You Know if You Have the Right CEO to Run Your Business Until the End?

Both Sides of the Table

Many people don’t know that I actually became Chairman of my first company and relinquishing the CEO role before the company was sold. It’s a topic I’m well versed in personally and I understand the difficult emotional decision of whether to hand the reigns to someone else of the baby you’ve struggled so hard to launch into the world.

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“Seed Is the New Series A” – Making Sense of the Confusion

View from Seed

A few weeks ago, Manu Kumar wrote an excellent post detailing the current state of the seed financing landscape. Read it – it’s excellent. I agree with most of the things that Manu wrote, and I’ve been thinking about the topic quite a bit over the last several days. One very common meme these days is that “seed is the new A.” I kind of agree, but I also kind of think that the whole phrase is confusing people.

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[Review] Jabra Evolve 80

YoungUpstarts

The modern workplace – and especially those incorporating the open concept office design that’s supposed to combat the evils of cubicles – can be an exceedingly bustling and noisy environment. Between team conversations, people movement and that annoying colleague who keeps stopping by for a chat, there is a decidedly lack of privacy that can keep you from concentrating on your work.

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How about something for what we have already invested in?

deal architect

Both sides like to tweak each other. Both like to harangue customers for new revenue. Customers however fume that stuff they have paying maintenance for years cannot seem to get much attention. So I was pleased when reader Tan Ah.

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7 Ways To Turn Team Conflict Into Positive Results

Startup Professionals Musings

The best startup teams don’t shy away from some healthy friction and heated debates between team members or founders. That’s the way smart people with innovative insights make real change happen. Yet we all know that there is a fine line here, beyond which heated debates generate so much emotion and drama that the entire team becomes dysfunctional. The obvious challenge is to channel these interactions in a way that maximizes their value to the startup as positive results, without letting them s

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10 Things You Should Never Ever Do On Twitter

Brandanew

One of the best things about social media is that there are no hard and fast rules set by the snooty experts of the field. But just like every other thing that comes with no restrictions, the platform is often misused for purposes that leave us at our wit’s end. Whether it is a business account or a personal one, it isn’t everyone’s cup of tea to stick to keeping tweets attractive and followable – it requires a little attention to detail.

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Don’t Have a Content Marketing Strategy? You’re Losing Money!

Rembrandt Communications

Writing copy that sells is not a passing trend. While there is a lot of hype now about BtoC and BtoB Content Marketing and Content Strategy, these processes have been around for a long time… just with different names. And there is no need for confusion. Let’s keep it simple… What is content marketing? It’s […]. The post Don’t Have a Content Marketing Strategy?

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