How The Reality That Entrepreneurs Face Is Not Fair

Startup Professionals Musings

Most of the time, I’m all about providing encouragement and inspiration to entrepreneurs. They need it and they deserve it, because entrepreneurs are the lifeblood of our economy. The question of defensibility is one of the toughest for an entrepreneur to answer.

Should An Entrepreneur Seek Out An Investment Bank?

Startup Professionals Musings

entrepreneur investment bank startup fundingThe name “investment bank” somehow always sounded like a place where I could deposit my investments, and maybe even earn a little interest.

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6 Motivations Shared By Most Satisfied Entrepreneurs

Startup Professionals Musings

Out of curiosity, I often ask aspiring entrepreneurs like you, who come to me for help, what drives them to take on the workload and risk of a new startup. The result is a higher probability of success, and the true entrepreneur lifestyle. best entrepreneurs motivations satisfaction

10 Strategies That Work Best For Serial Entrepreneurs

Startup Professionals Musings

Entrepreneurs who experience success with their first startup are often amazed to realize that the risks and fears of doing it right the second time go up, rather than down. I have pulled together here a few of our joint recommendations to every entrepreneur and startup that I advise.

Why Young Entrepreneurs Are Into Digital Marketing

YoungUpstarts

If Gen X entrepreneurs are making tremendous efforts to climb up the corporate ladder, Gen Z entrepreneurs are doing pretty good, earning a living in innovative ways. Why Every Young Entrepreneur Needs To Be Savvy in Digital Marketing.

Advice For New Entrepreneurs

YoungUpstarts

In this article we serve you some great advice to help you make it as an entrepreneur. . The post Advice For New Entrepreneurs appeared first on Young Upstarts. Advice For The Young At Heart entrepreneur advice startup adviceHave you just started a new company? That’s exciting.

Thoughts on Sourcing Black Companies and Entrepreneurs

Feld Thoughts

The entrepreneur responded with a long explanation that was a brilliant and extremely helpful perspective for me. The post Thoughts on Sourcing Black Companies and Entrepreneurs appeared first on Feld Thoughts. Diversity diversity entrepreneurs fundraising

6 Drivers For Aspiring Entrepreneurs To Finish School

Startup Professionals Musings

A continuing question I hear from young entrepreneurs is whether a university degree is important to startup success, or just a distraction in achieving their purpose in the world. college degree dropout entrepreneur

10 Traits Demonstrate Entrepreneur Character Strength

Startup Professionals Musings

As I was watching the investor show, Shark Tank , on TV the other night, I was struck by how quickly and how extensively the sharks focused on the background and character of the entrepreneurs, compared to time spent evaluating their products. For example, if you as an entrepreneur come across as arrogant or too casual, many people you need to deal with in business, including investors, suppliers, and customers, will run the other way. entrepreneur investors stregth of character

10 Ways Entrepreneurs Limit Their Creative Potential

Startup Professionals Musings

Every entrepreneur believes in their heart that their startup is more innovative and creative than their competitors. creativity David Burkas entrepreneurs innovation mythsYet none knows exactly where creativity comes from within, or how to pick and motivate the most creative people for the team. Most believe and follow one or more of the popular myths on business creativity, even though none of them have much scientific evidence.

8 People And Process Talents Every Entrepreneur Needs

Startup Professionals Musings

His focus is on sales, but I see the same skills needed for entrepreneurs. This means all business people, especially entrepreneurs, need to get beyond the presentations and the experts, to actively listen to real customers. Anthony Iannarino entrepreneur skill set talent

Support For Millennial Entrepreneurs

YoungUpstarts

Millennial entrepreneurs are brimming with activity and energy. The Atlantic Council found that the early-stage entrepreneurial activity, which measures the rate of individuals actively involved in business start-ups, is highest in most countries for young entrepreneurs than for older ones. This debt is in addition to crushing student debt that three in 10 millennial entrepreneurs are also dealing with.

Book: Celebrating Entrepreneurs

Feld Thoughts

My long-time friend and former MIT professor, Professor Edward Roberts, who founded and still chairs the MIT entrepreneurship program, recently published “Celebrating Entrepreneurs: How MIT Nurtured Pioneering Entrepreneurs Who Built Great Companies”.

5 Crowdfunding Approaches To Tempt Every Entrepreneur

Startup Professionals Musings

Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today. Yet as I mentor entrepreneurs around the country, it still seems to be one of the least understood approaches to startup funding, with more myths than accredited angels and professional venture capital investors combined. crowdfunding entrepreneur model startup

7 Personal Strategies That Define Great Entrepreneurs

Startup Professionals Musings

As an angel investor in startups, I’m a believer that smart investors invest more in you as the entrepreneur than the next billion dollar solution you are pitching. Great entrepreneurs know how to listen and learn effectively, as well as talk.

5 Keys to Moving From Entrepreneur Thinking To Action

Startup Professionals Musings

As a mentor to aspiring entrepreneurs, I’m always surprised by the fact that some never seem to be able to that first startup going, while many others never seem to stop, starting their second or third initiative before the first one is fully hatched. I’m now convinced that serious entrepreneurs relish the startup process more than success. Real entrepreneurs start experiments. entrepreneur execution ability how do I start startup dream

25 Entrepreneurs Explain What They Love About Being An Entrepreneur

Hearpreneur

Being in love with your business, when you’re an entrepreneur, is even better. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality. Being in love is great.

7 Winning Business Writing Pointers For Entrepreneurs

Startup Professionals Musings

Since we all lose when an entrepreneur with a great idea is held back by a failure to communicate, I would like to offer a quick summary of business writing basic strategies. Every entrepreneur needs to remember that they are selling themselves in every written communication, even more than they are selling their idea or funding request. business writing entrepreneurs tips for success

5 Rewards Of Independence That Excite Entrepreneurs

Startup Professionals Musings

For all entrepreneurs, starting a business is the route to “life, liberty, and the pursuit of happiness,” no matter how risky. According to a classic article and poll by Startups.co.uk , having the independence to make your own decisions is considered the key benefit of being an entrepreneur. Only 32 percent of entrepreneurs cited money a key benefit of running their own firm. Entrepreneurs love the continuous challenges of a startup, and the satisfaction of solving them.

8 Indications Of A Real Entrepreneur Versus A Hacker

Startup Professionals Musings

I recognize that entrepreneurs tend to substitute vision and passion for formal processes, but using no discipline or process in building something new is a sure way to spend money, rather than see any return and build a self-sustaining business. I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business.

5 Startup Challenges That Derail Many Entrepreneurs

Startup Professionals Musings

As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer , I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. In fact, since most entrepreneurs are eternal optimists anyway, they would never believe any negative scenarios could happen to them. Too many entrepreneurs think that expert external advisors are suspect, or will slow them down.

7 Ways Every Entrepreneur Should Evaluate A New Idea

Startup Professionals Musings

As an advisor to entrepreneurs, one of the most common requests I get is for an evaluation of a next startup idea. The most successful entrepreneurs focus on solving a problem that they personally have experienced, and are convinced they fully understand.

Entrepreneur Raef Hamaed On The Professional Impact Of Personal Growth

YoungUpstarts

As a successful entrepreneur and business owner, Raef Hamaed has steadily grown his specialty pharmacy business from scratch. Of course, this was an incredible undertaking for a fledgling entrepreneur. Advice For The Young At Heart entrepreneur advice Entrepreneurship

We Need Entrepreneurs Who Think Like Revolutionaries

Startup Professionals Musings

The realm of an entrepreneur is all about change, but in my experience as a mentor to business founders, I hear too much about incremental change, and not enough about revolutionary change. We need more people who are willing to follow the mantra of business leader David McCourt in his new book, “ Total Rethink: Why Entrepreneurs Should Act Like Revolutionaries.” Great entrepreneurs cross industry boundaries to find synergies, and are constantly in learn mode on several fronts.

8 Team Member Types Test Your Entrepreneur Leadership

Startup Professionals Musings

The most valuable assets of a new startup are the people on the team, and the most challenging task of the entrepreneur and team leaders is to spend their leadership time and energy productively. Cash isn’t always the scarcest resource startups have to invest – more often it’s the leadership capital of under-experienced and over-stretched entrepreneurs and co-founders. entrepreneur team leadership team members Victor Prince

7 Ways Investors Assess Your Focus As An Entrepreneur

Startup Professionals Musings

Most of you aspiring entrepreneurs have new ideas on a regular basis, and find it hard deciding which to pursue, or try to tackle several at the same time. Good examples of initial focus by an entrepreneur would include Jeff Bezos when he started Amazon as an online marketplace for books only, and Elon Musk starting PayPal as an online bank. entrepreneur focus investor learn from failure

5 Entrepreneur Lifestyle Drivers That Lead To Success

Startup Professionals Musings

As a startup advisor, I see many aspiring entrepreneurs whose primary motivation seems to be to work part time, or get rich quick, or avoid anyone else telling them what to do. Let me assure you, from personal experience, and from helping many successful as well as struggling entrepreneurs, that starting a business is hard work, and doesn’t come with any of the benefits mentioned. Entrepreneurs at this level will seek the minimum cost and quality to be more competitive.

10 Attributes That Make You An Entrepreneur To Follow

Startup Professionals Musings

Every new entrepreneur has to initiate the right actions to be perceived as a leader in their chosen business domain by their team and by their customers, or the road to success and satisfaction will be lost along the way. No entrepreneur can build a business alone. Smart entrepreneurs take reasonable time to consider alternatives, and then move forward, never looking back. Entrepreneur leaders don’t need excuses, like a down economy, bad timing or demonic competitors.

Why Economically-Smart Entrepreneurs Get Better Results

YoungUpstarts

There are endless reasons why some entrepreneurs get better results than others. Some entrepreneurs are better marketers, salespeople, and others just know how to delegate responsibilities to experts. There’s another important factor that distinguishes successful entrepreneurs – a firm grasp on economics. Finally, understanding risk and probability will help entrepreneurs determine potential ROI on various investments and determine if the potential return is worth the risks.

7 Questions To Test Your Potential As An Entrepreneur

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?” Many people with great ideas never make it as entrepreneurs, and true entrepreneurs can make a business out of anything. The first myth you have to get past is that having the right idea will make you an entrepreneur. In fact, even implementing the idea into a solution doesn’t make you an entrepreneur.

10 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Hearpreneur

We asked entrepreneurs and business owners on their best business or entrepreneur turnaround story and here are the responses. #1- I was an entrepreneur and I worked long hard hours to build my company. What has been your favorite business or entrepreneur turnaround story?

5 Ways To Sample The Joy Of An Entrepreneur Lifestyle

Startup Professionals Musings

Even though I’m a big proponent of becoming an entrepreneur, it is definitely not for everyone. Unfortunately the success and lavish lifestyle of some current well-known entrepreneurs, including Richard Branson and Elon Musk , lead many who are not so well prepared to jump in with both feet, only to be shocked and severely tested by the unexpected rigors and high risk. In my view, entrepreneur roles need to be planned carefully rather than made on the spur of the moment.

Franchise Business: An Option For Millennial Entrepreneurs

YoungUpstarts

Millennials are increasingly becoming sought-after and successful entrepreneurs. A study by Wells Fargo found that not only do 80 percent of millennial entrepreneurs want to pass their business on to future children, but 41 percent hope to grow the businesses as big as possible. A proven business model with room to grow and innovate is perfect for the millennial entrepreneur, who can bring their own spin to something that already has proven success.

Why Smart Entrepreneurs Build Plans For Their Startup

Startup Professionals Musings

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Is it any wonder why so few entrepreneurs ever find the professional investors they seek? In principle, there is very little overlap between these two plans, so it never makes sense for an entrepreneur to build one without the other. Yet I’m still often approached by aspiring entrepreneurs who have neither.

5 Steps To Get Ahead With The Entrepreneur Lifestyle

Startup Professionals Musings

One obvious alternative is to become an entrepreneur. As a mentor to many aspiring entrepreneurs, I’m often asked what it takes to switch and get real satisfaction from this lifestyle. It’s a collection of stories from real-life young entrepreneurs, all of whom chose to break away from the comfort and security of unfulfilling corporate careers to be entrepreneurs. In fact, Mehta focuses on a special class of entrepreneurs that he calls disruptors.

10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

Entrepreneurs see “no risk” as meaning “no reward.” There are no guarantees in business, but it pays to learn from the experiences of entrepreneurs and business experts who have gone before you. As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. business entrepreneur smart risks

18 Entrepreneurs Discuss Whether or Not There Will Be More Entrepreneurs in the Future

Hearpreneur

Some entrepreneurs will say the future is definitely bright and the number of entrepreneurs will increase but others argue these changes are meant to work against budding or would-be entrepreneurs. But the big question, will there be or less entrepreneurs in the future?

5 Pitfalls Entrepreneurs Should Avoid

The Startup Magazine

However, there are a few traps that catch those entrepreneurs who aren’t careful. We can’t name them all, but here are five of the most common and frequently overlooked entrepreneur pitfalls that you can and should avoid. Starting a new business venture is never easy.

10 Ways For Entrepreneurs To Assure Happiness In 2020

Startup Professionals Musings

As a mentor to entrepreneurs and business owners, and seeing their workload and challenges, it would be easy for me to conclude that starting a business is a big hit to health and happiness. Yet I continue to see articles with evidence that entrepreneurs are happier and healthier than their employees, or even most other professions, regardless of how much money they make. If you are sick of the corporate grind, take your favorite idea or hobby, and join other happy entrepreneurs.

Real Entrepreneurs Must Make Good Decisions Quickly

Startup Professionals Musings

Every so often a promising entrepreneur seems to freeze in the oncoming headlights and gets run over by his competition. These points may sound obvious, but the process is certainly contrary to the popular “shoot from the hip” approach that is practiced by some entrepreneurs. Some entrepreneurs seem to know instinctively that a certain product or service has great potential for success. After all, the very nature of a true entrepreneur is one that embraces risk.

10 Ways For Entrepreneurs To Enhance Their Leadership

Startup Professionals Musings

Most new entrepreneurs don’t anticipate the learning burden of being the leader, including the sense of loneliness and isolation at the top. Even in a single entrepreneur startup, the leader carries a heavy weight. This unexpected burden often results in a dysfunctional startup, as the entrepreneur reverts to micro-management, burnout, or even grandstanding to get some attention or sense of direction and feedback.

5 Reasons Why Women Excel As Entrepreneurs

YoungUpstarts

by Randy Patterson , author of “ The Matriarch Rules: How to Own Your Power, Know Your Worth, and Lead the Life You’ve Always Wanted “ Becoming an entrepreneur is no joke. But if you are a woman and an entrepreneur, you have some serious advantages. The post 5 Reasons Why Women Excel As Entrepreneurs appeared first on Young Upstarts. Thinking Aloud Entrepreneurship Randy Patterson women entrepreneurs women power

6 Ways To Make You An Entrepreneur Before The Product

Startup Professionals Musings

Many of the entrepreneurs I advise or invest with spend considerable time on the Internet, keeping up with technology, customers, and competitors, but very few feel the need for an early personal presence. Every future entrepreneur should start by networking. entrepreneur personal brand product