Startup Professionals Musings

FEBRUARY 5, 2023

Many entrepreneurs have a passion and an idea, or even invent a new product, but are never able to execute to the point of creating a startup. Even fewer are able to grow the startup into a viable business. Here is a summary of the key stages along the way: Idea and seed stage. Startup and development stage.

Entrepreneur 108

Entrepreneur Startup Ideas Satisfaction 108

Startup Professionals Musings

OCTOBER 19, 2022

Yet as I mentor entrepreneurs around the country, crowdfunding 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. The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return.

Funding 141

Funding Startup Outsource Development Satisfaction 141

Startup Professionals Musings

FEBRUARY 11, 2023

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Similarly, it will be very satisfying to see the productivity increases from your leadership and mentoring.

Startup 118

Startup Satisfaction Customer Custom 118

Startup Professionals Musings

NOVEMBER 30, 2020

There has long been a big debate about the best approach to starting a new business. Some argue the only way to start is to drop everything and jump in with both feet, while others recommend an overlapped approach to the lifestyle, including not quitting your day job until you have revenue and a proven business model.

Startup 128

Startup Entrepreneur Satisfaction News 128

Startup Professionals Musings

AUGUST 18, 2023

There has long been a big debate about the best approach to starting a new business. Some argue the only way to start is to drop everything and jump in with both feet, while others recommend an overlapped approach to the lifestyle, including not quitting your day job until you have revenue and a proven business model.

Startup 102

Startup Satisfaction Entrepreneur News 102

Startup Professionals Musings

MAY 31, 2023

These haven’t changed much over the years, but still seem to be often overlooked by business professionals and leaders in their haste to keep up with peers, competitors, and customers in today’s volatile environment. The reality is that starting a business, as well is working an existing business, has always required perseverance.

Startup 121

Startup Satisfaction Technical Review Ideas 121

Startup Professionals Musings

OCTOBER 1, 2021

I n my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. When Bill Gates acted on his dream of putting a computer in every home and on every desk, he had no idea of the fortune it would bring to him, since he wanted only to make a difference.

Startup 144

Startup Satisfaction Entrepreneur Ideas 144

Startup Professionals Musings

AUGUST 23, 2021

Most aspiring entrepreneurs I know are just waiting for that unique idea to strike them that will kickstart their new venture, put them in control of their lifestyle, achieve financial independence, and maybe even change the world. Timing is critical for every startup. Of course, if you wait for the perfect time, you may never start.

Startup 159

Startup Satisfaction Entrepreneur Equity 159

Startup Professionals Musings

APRIL 4, 2020

If you are seriously looking to start the next billion-dollar startup, you need to get beyond the realm of enhancing a current solution. Rather than starting from a mindset of pushing the limits of technology, be determined to first find a customer need that can only be solved by the technology you know.

Startup 134

Startup Artificial Inteligence Ideas Entrepreneur 134

Startup Professionals Musings

SEPTEMBER 15, 2023

Whether you are a business professional in a big company, or an entrepreneur with a startup, innovation is a key strategy. Many people believe that new ideas are the critical element of innovation, but in my experience as a mentor and investor, long-term business success is more about implementation than ideas.

Artificial Inteligence 114

Artificial Inteligence Ideas Satisfaction Customer 114

Startup Professionals Musings

JUNE 20, 2020

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. Otherwise, in my experience, the startup will fail.

Technical Review 130

Technical Review Startup Development Team Review Activity 130

Startup Professionals Musings

AUGUST 18, 2021

But privately, as a mentor to many entrepreneurs, I see mindsets and attributes that may be equally critical to success, but are not readily admitted, for fear of being too wacky. They know there is nothing wrong with having passion for a new idea, but they don’t let it influence business decisions.

Entrepreneur 171

Entrepreneur Satisfaction Demand Customer 171

Startup Professionals Musings

AUGUST 11, 2021

Most of you aspiring entrepreneurs probably have long searched for that special idea that will catapult you and your startup to success. Yet, my experience as a business advisor and investor has convinced me that the magic is not the idea, but you and the execution. With innovative startups, every new one is a new challenge.

Entrepreneur 171

Entrepreneur Ideas Examples Satisfaction 171

Startup Professionals Musings

NOVEMBER 8, 2020

Hopefully, between the two of us, more of you with big business dreams will follow the leads and generate more successful business results: Start by getting your hands dirty. Never give up in the face of adversity. One of the biggest causes of startup failure is simply giving up too early. The time to get started is now.

Startup 117

Startup Entrepreneur Social Media Coach 117

Startup Professionals Musings

FEBRUARY 12, 2021

It seems they are both looking for more personal satisfaction and sense of purpose for their efforts. Even the simplest of new technologies, such as Zoom for remote meetings, can be a detriment to work satisfaction if workers are not trained on how to use it effectively, causing video and sound problems, as well as background distractions.

Tips 159

Tips Satisfaction Coach Mentor 159

Startup Professionals Musings

MAY 16, 2020

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Similarly, it will be very satisfying to see the productivity increases from your leadership and mentoring.

Satisfaction 174

Satisfaction Customer Custom Outsource 174

Startup Professionals Musings

MARCH 19, 2023

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. Otherwise, in my experience, the startup will fail.

Technical Review 127

Technical Review Development Team Review Startup Activity 127

Startup Professionals Musings

DECEMBER 7, 2015

According to several reliable reports , job satisfaction for employees is at an all-time low. As a mentor to many aspiring entrepreneurs, I’m often asked what it takes to switch and get real satisfaction from this lifestyle. It has to start long before that, with a mindset event that drives a real change in behavior.

Satisfaction 57

Satisfaction Entrepreneur Writing Startup 57

Startup Professionals Musings

JUNE 30, 2021

By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. Yet I have learned over the years as a startup advisor that all business leaders are not the same. You generally don’t fix things by throwing them away and starting over. The time to get started is now.

Coach 162

Coach Startup Resource Competition 162

Startup Professionals Musings

JUNE 15, 2022

In my years of mentoring entrepreneurs, a problem I have seen too often is low self-esteem, and over-compensating through arrogance and ego. As a team member, low self-esteem leads to low confidence, poor productivity, and no job satisfaction. From a rational point of view, berating ourselves for past startup failures makes no sense.

Startup 101

Startup Satisfaction Entrepreneur Competition 101

Startup Professionals Musings

NOVEMBER 1, 2021

Accept the fact that change is normal, and is probably the reason you saw an opportunity to start your business in the first place. Seek input from the team, as well as mentors. Don’t be afraid to ask for advice from peers, your advisory board, and outside experts and mentors. Don’t become the victim you fear with no control.

Mentor 127

Mentor Satisfaction Customer Custom 127

Startup Professionals Musings

OCTOBER 9, 2020

Due to the pervasive Internet, the scope of most successful startup teams today has become global. According to recent reports , these come from all the way up and down the age and experience spectrum, including up to ninety percent of the current Baby Boomers, as well as Millennials.

Competition 168

Competition Startup Demand Training 168

Startup Professionals Musings

MAY 10, 2020

Many entrepreneurs have a passion and an idea, or even invent a new product, but are never able to execute to the point of creating a startup. Even fewer are able to grow the startup into a viable business. Here is a summary of the key stages along the way: Idea and seed stage. Startup and development stage.

Ideas 127

Ideas Entrepreneur Satisfaction Summary 127

Startup Professionals Musings

DECEMBER 10, 2022

In my own experience as a startup advisor and mentor, I find that entrepreneurs who can’t attract and maintain a highly motivated team rarely even get off the ground. Thus if you want to change the world with your new business, you need to follow the example of startups like Zappos , which hires according to cultural fit first.

Examples 145

Examples Mentor Activity Product 145

Startup Professionals Musings

OCTOBER 13, 2023

Yet I find in my mentoring practice that more and more team members prefer the human-centered approach and respond with more engagement and commitment. I’ve found that you can best start by asking for another perspective, whether of yourself or a team member. You need both to create better outcomes and increase job satisfaction.

Case Study 112

Case Study Study Startup Examples 112

Startup Professionals Musings

JANUARY 20, 2020

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. The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return.

Entrepreneur 129

Entrepreneur Outsource Development Satisfaction Equity 129

Startup Professionals Musings

AUGUST 1, 2022

In my experience as an advisor and mentor to entrepreneurs in business, one of the biggest failures I see is a lack of self-leadership. Leadership in business starts with making good personal choices. In my view, business leaders are not “idea people,” but people who drive a given idea to business results.

Capital 114

Capital Coach Satisfaction Ideas 114

Startup Professionals Musings

APRIL 3, 2020

According to Gallup surveys , job satisfaction for employees is at an all-time low. As a mentor to many aspiring entrepreneurs, I’m often asked what it takes to switch and get real satisfaction from this lifestyle. Learn new skills that will make you an expert in that domain, and both satisfaction and wealth will follow.

Entrepreneur 123

Entrepreneur Satisfaction Writing Startup 123

Startup Professionals Musings

DECEMBER 23, 2022

In my experience as a mentor and advisor, I find that many of you expect these relationships will just happen , without any overt effort on your part. For example, as an entrepreneur, you need investors, so you need to start networking early, because they won’t find you. Everyone has something to admire, and it’s up to you to find it.

Product 102

Product Mentor Startup Activity 102

Startup Professionals Musings

NOVEMBER 11, 2022

After years mentoring young aspiring entrepreneurs , I am now convinced that getting along and becoming more productive with other people is a skill that any professional can learn, or accomplish via a dedicated strategy. Start by coming up with two or three ideas you want to test out on a difficult colleague.

Startup 114

Startup Examples Satisfaction Mentor 114

Startup Professionals Musings

MAY 12, 2023

As an angel investor and a mentor to aspiring entrepreneurs, I’m always disappointed to see founders who seem stressed out most of the time, and more annoyed than energized by the abundance of challenges they see in building their startup. Viewed by others as a successful problem solver.

Entrepreneur 70

Entrepreneur Startup Activity Ideas 70

Tech.Co

DECEMBER 4, 2020

It’s with profound sadness we mourn the loss of a true visionary, author, mentor, thought-leader, investor, and friend, Tony Hsieh. We also shared a passion for seeing others launch new ideas and grow them. They invest in early-stage startups through Established Ventures, as well as their involvement in NextGen Venture Partners.

Commerce 206

Commerce Statistics Customer Custom 206

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. It’s an amazing ride, and there is no satisfaction like creating something out of nothing.

Technical Review 131

Technical Review Case Study Mentor Software Review 131

Startup Professionals Musings

SEPTEMBER 14, 2019

In my years of mentoring entrepreneurs, a problem I have seen too often is low self-esteem, and over-compensating through arrogance and ego. As a team member, low self-esteem leads to low confidence, poor productivity, and no job satisfaction. From a rational point of view, berating ourselves for past startup failures makes no sense.

Entrepreneur 98

Entrepreneur Startup Satisfaction Competition 98

Startup Professionals Musings

JULY 16, 2021

As a mentor, I’m regularly frustrated by people who try to cover their lack of confidence with ego and arrogance , rather than working on the base issue. As you look at your own idea of fun and success, self-esteem and support will come from greater competence in these areas. Prioritize your passions in improving competence.

Mentor 174

Mentor Satisfaction Competition Marketing 174

Startup Professionals Musings

MARCH 20, 2016

Many entrepreneurs have a passion and an idea, or even invent a new product, but are never able to execute to the point of creating a startup. Even fewer are able to grow the startup into a viable business. Here is a summary of the key stages along the way: Idea and seed stage. Startup and development stage.

Startup 66

Startup Ideas Satisfaction Entrepreneur 66

Startup Professionals Musings

FEBRUARY 5, 2022

These challenges, with recommendations for addressing them, were detailed nicely for me in the classic book, “ The Boomerang Principle ,” by Lee Caraher, who has built several companies, and has helped many others manage Millennials, reduce turnover, and improve satisfaction and the return hire rate.

Mentor 147

Mentor Coach Satisfaction Training 147