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So, I tell personal stories to show that we all should look for lessons learned by others. Here’s one that is “on me.” As my enterprise computer software company which produced innovative lodging systems for hotels and resorts grew quickly, we found ourselves straining to keep up with the hiring and training of good customer support representatives, a critical part of the equation then and still so today in the 24-hour environment of hotel front desk operations.
Most experts agree that the pace of business change is increasing , and all the business owners I know are struggling to keep up, much less surpass the wealth of global competitors now entering the market. Based on my own experience as a business executive, I believe it’s time to be more proactive in preparing for change, rather than just reacting to the latest growth crisis.
After weeks of deliberation and 100+ applications, our San Diego Startup Week judging committee has determined the 18 startups that will compete in the Lightweight Intercollegiate Pitch Competition and Founders Fight Club Tournament. These local startups will compete for $15,000 in cash prizes and bragging rights! Give a warm welcome to this year’s Lightweight Intercollegiate […] The post Lightweight Intercollegiate & Founders Fight Club Competitors and Judges Official Announcement ap
Tuesday, October 24, 2023 -- Generative AI and technology networking. PMI-LA collaborates with AITP-LA for an in-person, informative, and engaging Industry Networking Meeting with a panel discussion of Chief Technology/Information Officers (CTOs/CIOs) to discuss the implications of emerging technologies and practices. Since 2010, we.
Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.
Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Thus, financial projections for up to five years are a necessary element in every business plan.
If you sold your last startup for $800 million, you probably already know how to build a business, and even conservative investors won’t worry about the quality of your next business plan. But, for the rest of us, don’t believe the Silicon Valley myth that all you have to do is sketch your million-dollar idea on the back of a napkin, and investors will line up to give you money.
Most entrepreneurs I meet are reluctant to disclose anything about their idea to investors before getting a signed confidential disclosure agreement (CDA). Professional investors and advisors, on the other hand, usually refuse to sign these agreements today due to the risk of litigation and administrative workload, and will walk away. How can you make this a win-win opportunity?
Most entrepreneurs I meet are reluctant to disclose anything about their idea to investors before getting a signed confidential disclosure agreement (CDA). Professional investors and advisors, on the other hand, usually refuse to sign these agreements today due to the risk of litigation and administrative workload, and will walk away. How can you make this a win-win opportunity?
Once an entrepreneur, always an entrepreneur. Although many won’t admit it, true entrepreneurs can’t wait to exit their current startup, and build a new and better one with their next great idea. In addition, current investors want to see every startup go public or be acquired, as an exit event, so they can get their due return for that investment which has been tied up for the last few years.
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