Berkonomics

APRIL 12, 2018

To most entrepreneurs, this often leads to an event whose resolution by a governmental agency or even a court seems unfair and illogical. Recognize the realities of the times; and do all possible to protect the company by documenting behavioral or skill related problems to the employee file.

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Berkonomics

DECEMBER 27, 2012

Changing the deal that late in the game is nearly impossible, after other investors have already completed their documents and the deal supposedly put to bed. What if it is the company attorney or entrepreneur that finds the stinky clause so very late in the game? So what does the latest tag-along investor do?

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Email Entrepreneur Invest Help 166

Startup Professionals Musings

JULY 9, 2021

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you, and demonstrating your readiness.

Entrepreneur 156

Entrepreneur Tips Funding Startup 156

Startup Professionals Musings

JUNE 7, 2020

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. Managing to specific goals, priorities, and a plan. Preparation and management of funding.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Startup Professionals Musings

MARCH 13, 2021

Many years ago, John Hamm published some definitive work on this subject in " Why Entrepreneurs Don't Scale " in the Harvard Business Review. This is generally a required quality for a successful entrepreneur, but it can turn into an unhealthy stubbornness during the scaling stage. Trusting your gut at this stage isn’t good enough.

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Startup Professionals Musings

SEPTEMBER 16, 2023

The rate of new entrepreneurs increased between 2013 and 2021, from 280 to 360 out of 100,000 of the adult population. Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever.

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Entrepreneur Startup Social Media News 104

Startup Professionals Musings

MARCH 26, 2021

As an entrepreneur mentor, my mission is to foster the attributes in you as a startup founder that I believe will lead to success. For example, I worked with an entrepreneur a while back who was clearly intelligent, had a great idea, and communicated well. I sometimes find entrepreneurs who highlight that their strength is “ideas.”

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Entrepreneur Ideas Examples Mentor 136

Startup Professionals Musings

MAY 23, 2022

New entrepreneurs tend to focus only on getting the product right, and assume that the right culture and ethics will come later simply by hiring good people. Every business has complex and diverse dilemmas which are not specifically covered in documented procedures, so employees need clear values leadership for guidance.

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Startup Professionals Musings

DECEMBER 30, 2020

In my role as a mentor to aspiring entrepreneurs, I find that most have the technical challenges well understood, but many are a bit short on some basic street smarts , or basic business realities. It starts with documenting and communicating a real purpose and mission in terms everyone can get excited about.

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Entrepreneur Patents Startup Technical Review 173

Startup Professionals Musings

APRIL 17, 2020

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. Always include the key document elements of an opening, main body, and a conclusion. Key points should be highlighted and positive. Use professional formatting.

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Writing Entrepreneur Summary Email 125

Startup Professionals Musings

DECEMBER 7, 2020

Every business wants and needs top performers, but most entrepreneurs and executives assume that if they hire and train the smartest and most experienced people, they will get exceptional performance. I saw the key ones outlined well in the classic book, “ Creating High Performers ,” by William Dann, a leading coach to experienced CEOs.

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Entrepreneur Coach Satisfaction Resource 120

Startup Professionals Musings

MAY 31, 2020

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? Yet I’m still often approached by aspiring entrepreneurs who have neither.

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Entrepreneur Startup Summary Product 124

InfoChachkie

FEBRUARY 6, 2012

As part of UC Santa Barbara’s Distinguished Lecture Series, Jason Nazar, Co-Founder and CEO of Docstoc , recently shared ten lessons that emerging entrepreneurs can learn from superheroes. To this end, Jason and his DocStoc team have created a compelling online course entitled, 21 Critical Lessons for Entrepreneurs.

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Entrepreneur Startup eBook Course 279

Startup Professionals Musings

JUNE 3, 2020

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 126

Entrepreneur Startup Patents Resource 126

Both Sides of the Table

NOVEMBER 2, 2014

” This sentiment is probably familiar to many entrepreneurs and it must certainly resonates with anybody who suspects he or she has ADD. It was called “ Delivered from Distraction ” and it outlines many successful executives with ADD and in particular some famous entrepreneurs. Often doing many things at once.

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Startup Entrepreneur Writing Help 416

Both Sides of the Table

FEBRUARY 7, 2010

I originally conceived it as the Top 11 things that I believe “all entrepreneurs need to succeed.&# If it stuck to this theme then I would stand by my top 11. It isn’t a “must&# for me but it’s certainly a huge positive when entrepreneurs have it. I’ll always point out when I am.). That’s OK.

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Startup Professionals Musings

MARCH 10, 2023

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. Managing to specific goals, priorities, and a plan. Preparation and management of funding.

Outsource Development 115

Outsource Development Startup Competition Ideas 115

Berkonomics

JANUARY 24, 2019

Entrepreneurs tend to remain in the business niche they know best. Some of these entrepreneurs starting a new company are alumni from companies that would be a competitor to the enterprise being created or joined. Further, there is no expiration date on these poisoned documents. Are you one of those? The obvious admonition.

Companies 120

Companies Company News Startup 120

Berkonomics

JANUARY 24, 2019

Entrepreneurs tend to remain in the business niche they know best. Some of these entrepreneurs starting a new company are alumni from companies that would be a competitor to the enterprise being created or joined. Further, there is no expiration date on these poisoned documents. Are you one of those? The obvious admonition.

Companies 120

Companies Company News Startup 120

Both Sides of the Table

DECEMBER 14, 2009

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I wanted to also post the series here to have it as a resource on my blog for future entrepreneurs who stop by. If you haven’t spent time over there you should.

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Entrepreneur Startup Venture Capital Google 338

Startup Professionals Musings

JUNE 1, 2019

When you have been on the startup firing line, you quickly learn that any insight from experts and entrepreneurs who have been there before you can make the difference between failure and success. Yet, many new entrepreneurs brazenly assume they are bulletproof, and march blindly into the fray. Expect the unexpected.

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Entrepreneur Summary Activity Resource 88

Berkonomics

NOVEMBER 21, 2024

There are many ways to project the value of a company for purposes of pricing an investment, but all rely upon the revenue and profit projections of the entrepreneur as a starting point. For those of us who’ve invested in early-stage companies, especially technology startups, we have confronted a universal problem.

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Invest Startup Email Competition 156

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 106

Entrepreneur Satisfaction Metrics Ideas 106

Berkonomics

NOVEMBER 5, 2020

If you’re seeking investment from anyone other than friends and family, you’re probably going to have to navigate through the exercise of careful planning, documentation and execution. And who is right here? Investors are a fickle bunch. But speed and iterations are attractive benefits. Cowboy coding in software and Internet development.

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Artificial Inteligence Metrics Ideas Email 156

Startup Professionals Musings

SEPTEMBER 24, 2014

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Don’t send investors documents and notes that would be rejected by any high-school teacher. Marty Zwilling.

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Entrepreneur Technical Review Statistics Startup 119

Startup Professionals Musings

MAY 18, 2014

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you. Financial model.

Entrepreneur 108

Entrepreneur Startup Writing Slides 108

Berkonomics

AUGUST 5, 2021

Investment documents usually call for quarterly reporting by the company to the investors. Usually, one or more of the investors is placed on the board as a requirement of the investment documentation. The entrepreneur often expects that person to keep fellow investors informed. How these investors try to solve the problem.

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Invest Study Email Activity 156

Startup Professionals Musings

SEPTEMBER 6, 2019

Investing in entrepreneurs and startups is a fun but different world from investing in conventional stocks, bonds, and commodities. Fund an entrepreneur you know and trust. Most entrepreneurs start asking for money from this tier, when they have very little more than an idea. Successful startups are all about the execution.

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Invest Entrepreneur Startup Equity 89

Startup Professionals Musings

MARCH 13, 2015

According to most definitions, an entrepreneur is one who envisions a new and different business, meaning one that is not a copy of an existing business model. 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. Startup and development stage.

Entrepreneur 109

Entrepreneur Ideas Satisfaction Summary 109

Startup Professionals Musings

OCTOBER 12, 2018

Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. Thus I often recommend that entrepreneurs keep their day job until the startup is producing revenue. But the entrepreneur lifestyle is still more fun, even part-time.

Ideas 102

Ideas Entrepreneur Tips Startup 102

Startup Professionals Musings

MARCH 25, 2019

For example, one of the first decisions that most of you entrepreneurs face is how much equity to give to early investors, co-founders, and key new hires. A key skill that many of you don’t appreciate is the ability to effectively manage the negotiations that come with every business. Passion making you overly optimistic and overconfident.

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Entrepreneur Pricing Startup Demand 96

Startup Professionals Musings

JANUARY 2, 2015

If you define your self-worth as an entrepreneur by how busy you are, it’s time to find another lifestyle. For survival, entrepreneurs need to be all about accomplishing results that matter for themselves, their team, and their customers. busy entrepreneur five choices KoryKogon productivity startup' That’s productivity.

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Product Entrepreneur Framework Social Media 111

Startup Professionals Musings

MAY 27, 2015

Aspiring entrepreneurs who rely only on traditional learning vehicles (teachers, classrooms, and risk-free practice) are doomed to failure in founding a startup today. For entrepreneurs, change is the norm, so you have to relish it before you can make it happen. The Internet and the current information wave have changed everything.

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Entrepreneur Social Media Startup Education 102

Startup Professionals Musings

SEPTEMBER 5, 2015

Most of the technologists I know inherently believe that the terms inventor and entrepreneur mean the same thing, so they are frustrated and surprised when they build their products and no business evolves. The term entrepreneur has always been defined as a person who builds a new business, which may or may not involve inventing a product.

Entrepreneur 106

Entrepreneur Pricing Customer Custom 106

Berkonomics

SEPTEMBER 12, 2024

Certainly, the buyer’s asset purchase documents included a non-compete clause, usually valid for two years from the date of the closing. About starting over or repurchasing your business Many entrepreneurs have new and better ideas for a similar product and wait out the non-compete by watching the clock.

Patents 156

Patents Sales Product Email 156

Startup Professionals Musings

JUNE 3, 2015

The best part of being an entrepreneur is having the independence to make your own decisions, the flexibility for a better work/life balance, and personal satisfaction from driving change. The road to business success is filled with challenges and frustrations that most aspiring entrepreneurs never even imagined.

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Entrepreneur Search Engine Optimization Satisfaction Social Media 111

socalTECH

JUNE 24, 2010

Los Angeles-based CapLinked , an online startup developing software to help link entrepreneurs with their investors, has raised $350,000 in an equity investment round, according to a regulatory filing by the firm today. Tags: caplinked paypal mafia venture capital investment startup entrepreneur. READ MORE>>.

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