Startup Professionals Musings

APRIL 28, 2021

Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. Bill Gates was the technical genius, but Steve Ballmer, from Procter & Gamble, ran the business side of the equation.

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Technical Review Merger Software Review Acquisition 329

Hearpreneur

APRIL 9, 2023

It’s becoming increasingly important for every business to have at least basic technology to run daily operations in the current day society. With new technology emerging, we can only imagine the changes it will bring along to the business platform. Thanks to Jamie Miller, Treadmill Review ! #4- Thanks to James Angel, DYL ! #5-

Technical Review 107

Technical Review Artificial Inteligence Technology Entrepreneur 107

Startup Professionals Musings

FEBRUARY 8, 2020

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. Investors hate technology solutions looking for a problem, due to the high risk of no customers.

Management 322

Management Entrepreneur Forecast Stock Options 322

Startup Professionals Musings

AUGUST 13, 2022

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. On the other hand, if you are into solar technologies, there is probably an advantage to being in Arizona or a similar location. Personal relationships do count.

Las Vegas 309

Las Vegas Silicon Valley Arizona Montana 309

VC Cafe

MARCH 1, 2024

In addition, founders thinking about starting a company can be overwhelmed by choice, as there are so many problems to tackle with technology, but it could be comforting to know that investors are interested in those areas in the first place.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

Startup Professionals Musings

JANUARY 15, 2020

In his classic book, “ The Leadership Capital Index ,” Dave Ulrich, a best-selling author, business consultant, and business school professor, provides some real insights and metrics on what makes up the elements of goodwill in the minds of top valuation experts. I have paraphrased his key points here as follows: Leader personal impact.

Valuation 311

Valuation Technical Review Due Diligence Leadership 311

Startup Professionals Musings

NOVEMBER 28, 2013

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. A required metric is average days to payment compared to expectations. If you fail to pay a cash obligation when it is due, the business is technically insolvent. business entrepreneur mistakes profits startup'

Technical Review 251

Technical Review Entrepreneur Salary Finance 251

Up and Running

JULY 6, 2016

Often, a business plan introduces a new technology that requires some explaining. On one hand, as a reader of business plans for investors, I see way too many business plans that ask a reader to wade neck-deep through technology to get to the business. Establish technology as a differentiator, when it is.

Technical Review 72

Technical Review Software Review Business Plan Development Team Review 72

Hearpreneur

JANUARY 25, 2023

We asked entrepreneurs and business owners about the companies they’re starting in 2023 and here are the responses. #1- This presents a great opportunity for entrepreneurs to launch their own businesses and capitalize on the latest technology. There are two methods to tackle this situation.

Software Review 118

Software Review Technical Review Artificial Inteligence Entrepreneur 118

Startup Professionals Musings

NOVEMBER 2, 2022

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. Investors hate technology solutions looking for a problem, due to the high risk of no customers.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

View from Seed

MARCH 29, 2016

This desperate need for employees often leads to an equally desperate, ad-hoc approach to recruiting without any relevant recruiting metrics being tracked. While an entrepreneur’s enthusiasm is certainly necessary for effective recruiting, inefficient hiring processes put a strain on a startup’s already limited human capital resources.

Metrics 120

Metrics Founder CTO Hire Technical Review 120

Startup Professionals Musings

OCTOBER 3, 2016

As a small business and startup advisor, I find that entrepreneurs often love to talk about their latest idea, but not their execution. For example, Elon Musk is recognized as a visionary entrepreneur, but his fortune and his impact has come from the great companies he has built, including SpaceX, Tesla Motors, and PayPal.

Entrepreneur 266

Entrepreneur Technical Review Metrics Restful 266

Hearpreneur

OCTOBER 25, 2023

We asked entrepreneurs, and business owners their tips on building an e-commerce business and here are the responses. #1- 4- Invest in content marketing Photo Credit: Alex Nigmatulin As entrepreneurs and business owners, one of our top tips for building a successful e-commerce venture is to invest in content marketing right from day one.

eCommerce 133

eCommerce Omaha Entrepreneur SEO 133

Startup Professionals Musings

DECEMBER 13, 2019

In the interests of helping you work smarter and last longer, I would like to offer my top ten list of key resource drains to avoid in early businesses and startups, based on my years of advising entrepreneurs and my own business experience: Expanding your product line too quickly for scaling. Use multiple small orders at first.

Technical Review 306

Technical Review Metrics Social Media Channel 306

Both Sides of the Table

DECEMBER 11, 2022

And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. Almost no financings, many VCs and tech startups cratered for the second time in less than a decade following the dot com bursting.

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Valuation San Francisco Ratchet Liquidation Preference 466

Startup Professionals Musings

AUGUST 7, 2020

Although his focus is naturally on bigger companies, I contend that his recommended strategies apply equally well to entrepreneurs and startups: Demand a mindset of deep thinking for the long term. In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges.

Technical Review 312

Technical Review Due Diligence Merger Social Media 312

ReadWriteStart

JULY 7, 2021

Why is an Uber for courier app a viable business idea for entrepreneurs? The entrepreneurs can reduce their operational costs significantly – by utilizing advanced technologies like autonomous vehicles, drones, and robots for courier delivery. What is the tech stack for Uber for courier app development?

Technical Review 163

Technical Review Artificial Inteligence Demand Social Media 163

Startup Professionals Musings

FEBRUARY 6, 2021

I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. Here are ten of the key questions that apply equally well to the world of startups and entrepreneurs, as they do to large organizations.

Metrics 387

Metrics Technical Review Leadership Framework 387

Both Sides of the Table

APRIL 26, 2016

There has been a lot of public debate over the past several weeks about whether it’s a good thing to be “gross margin positive” or not and commentary always reminds me that some people at startups don’t quite understand financial metrics or even how to think about which ones are healthy. So if you’re able to raise easily no problem.

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Metrics Cost Acquisition Startup 150

The Startup Magazine

SEPTEMBER 21, 2020

We interviewed Mr. Abraham Gin, an entrepreneur, business coach, and CEO of Gin Consulting Group , which provides unique leadership development and training platforms. SAAS+ focuses on integrating high touch with their high-tech subscriptions, providing their customers with a platform for coaching and consulting needs.

Leadership 166

Leadership Founder Technical Review Entrepreneur 166

Both Sides of the Table

APRIL 4, 2011

Having a set of metrics that you watch & that you feel are the key drivers of your success helps keep clarity. And the more public you can make your goals for these key metrics the better. Only one guy in the room knew – their tech lead. In our next meeting I asked them how often it crashed. lowering $1.50 per customer!

Metrics 346

Metrics Startup Acquisition SEM 346

Startup Professionals Musings

SEPTEMBER 22, 2023

Young entrepreneurs and startups, in particular, often remain naively unfocused, despite their passion, of what it takes to provide the high-quality service expected. It’s a tough job, and inexperienced entrepreneurs just don’t know where to start, and how to do it. Yet the average perception of customer experience has not improved.

Technical Review 249

Technical Review Salary Metrics Matching 249

NZ Entrepreneur

SEPTEMBER 29, 2021

If we want to maintain and support sustainable economic growth while meeting the broader needs of society, we will need an economy underpinned by innovation and new technologies. Agenda items will focus on key metrics illustrating value creation, particularly in software as a service companies. This equity will vest over 2-3 years.

Technical Review 88

Technical Review Software Review New Zealand Due Diligence 88

Duct Tape Marketing

MAY 11, 2022

Why Call Tracking Metrics Matter To Your Marketing Efforts written by John Jantsch read more at Duct Tape Marketing. Click on over and give us a review on iTunes, please! My guests today are Todd and Laure Fisher, their husband and wife co-founders of Call Tracking Metrics company. Marketing Podcast with Todd and Laure Fisher.

Metrics 83

Metrics Marketing Software Review Cofounder 83

Startup Professionals Musings

NOVEMBER 30, 2022

As an investor in startups, I most often see entrepreneurs who are technologists, or at least have a real passion for a specific product. Great business leaders, including Bill Gates and Warren Buffett , are constantly asking questions and reading books about new technologies, new cultures, and new business opportunities.

Silicon Valley 284

Silicon Valley Technical Review Leadership Metrics 284

YoungUpstarts

APRIL 21, 2013

Enter “ The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses “, a New York Times bestseller by founder of IMVU (creator of 3D avatars) Eric Ries. Validated learning should be the goal of all entrepreneurs. This reduces guesswork, time, money and effort.

Lean 193

Lean Technical Review North America Startup 193

Startup Professionals Musings

OCTOBER 20, 2012

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. A required metric is average days to payment compared to expected. If you fail to pay a cash obligation when it is due, the business is technically insolvent. This difference will kill your profit margin.

Technical Review 273

Technical Review Startup Finance Cost 273

Startup Professionals Musings

JUNE 14, 2013

On a regular basis, I am approached by entrepreneurs who assert that business plans are a waste of time. They cite sources like a recent BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this NY Times article. For the rest of you entrepreneurs, consider the value of a business plan when it is not required.

Business Plan 250

Business Plan Technical Review Entrepreneur Angel Investor 250

The Equity Kicker

JUNE 20, 2014

Both as investors and entrepreneurs. Om had this to say on why predicting cash flows has become difficult: Today we live with new realities and new technology companies, which end up with opportunities and growth curves that can’t be predicted (in either direction.) Yesterday Om Malik reminded us that predicting the future is hard.

Valuation 123

Valuation Metrics Software Review Technical Review 123

NZ Entrepreneur

AUGUST 4, 2021

Capital raising can be challenging and time-consuming, but it forces you to evaluate the real metrics and areas of your business that are often overlooked.” – Bex Rempel, ZeroJet. Again, use this as an opportunity to pique their interest – and ultimately, land follow-up meetings or enter due diligence.

Technical Review 61

Technical Review Software Review Founder Due Diligence 61

Startup Professionals Musings

NOVEMBER 9, 2019

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. On the other hand, if you are into solar technologies, there is probably an advantage to being in Arizona or a similar location. Personal relationships do count.

Las Vegas 243

Las Vegas Silicon Valley Arizona Montana 243

Hearpreneur

JANUARY 29, 2023

We asked entrepreneurs and business owners about the tough lessons they have learned in 2022. #1- Companies should invest in the necessary resources and technologies to ensure employees have a comfortable and secure work environment. Businesses must invest in the right technology.

Artificial Inteligence 122

Artificial Inteligence Entrepreneur Agile Technical Review 122

ReadWriteStart

APRIL 8, 2023

It becomes even more interesting in the world of emerging technologies and the IoT. In fact, the small brand is likely to become a rising industry star due to the established trust, convenient delivery times, and various payment options available in the marketplace. These new technologies will become an integral part of most e-shops.

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

Startup Professionals Musings

JUNE 24, 2020

As a frequent advisor to new entrepreneurs and startups, I often hear your frustration with being treated differently from other startups by investors, on expectations for valuation , traction, and market size. Established company process rules and metrics now characterize the leaders in this market stage.

Artificial Inteligence 436

Artificial Inteligence Marketing Valuation Startup 436

Startup Lessons Learned

JULY 29, 2009

Lessons Learned by Eric Ries Wednesday, July 29, 2009 Embrace technical debt Financial debt plays an important and positive role in our economy under normal conditions. Technical debt works the same way, and has the same perils. I won’t pretend that there aren’t teams that take on technical debt for bad reasons.

Technical Review 168

Technical Review Software Review San Francisco Lean 168

Startup Professionals Musings

JANUARY 8, 2021

Young entrepreneurs and startups, in particular, often remain naively unfocused, despite their passion, of what it takes to provide the high-quality service expected. It’s a tough job, and inexperienced entrepreneurs just don’t know where to start, and how to do it. Yet the average perception of customer experience has not improved.

Technical Review 385

Technical Review Salary Metrics Matching 385

Hearpreneur

FEBRUARY 13, 2022

We've also seen extensive use of technology and increased remote working. We asked entrepreneurs and business owners about the future trends they see in their industry and here are the responses. #1- 1- Seamless integration of digital technology. 9- Increased use of voice recognition technology. Photo Credit: Shad Elia.

Artificial Inteligence 112

Artificial Inteligence Software Review Technical Review Entrepreneur 112