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We’re all guilty of it: sometimes, even when we’re not looking to move, it’s fun to look at home listings on Zillow just to see what’s out there. If that sounds weird to you… I don’t blame you, but I also recommend watching more HGTV. However, if this sounds like a fun way to procrastinate after you’re done playing the Wordle, Quordle, Globle and Heardle for the day, you’re not alone.
How I didn’t follow my own advice. Years ago, I led a deal and invested in a company that looked like it had lots of promise to disrupt the women’s clothing industry with special algorithms and an online store. But something had bothered me from the very start – unsalable inventory. An entrepreneur makes a claim that stretches comfort. You see, women’s clothing is subject to fashion changes so frequently that inventory becomes obsolete quickly.
Many entrepreneurs think that adapting to the new technologies, like smart phones and Internet commerce, are the key to attracting new customers. In fact, businesses need to adapt even more completely to the changes in the buying and social behavior of consumers. High-technology product startups, without customers, don’t make a business. Today’s customer buying dynamics are all about “user experience,” according to Brian Solis, in his classic book “ What’s the Future of Business?
Most people agree that entrepreneurs have to think differently and take risks to have much chance of building a successful business. Yet I have found that serious entrepreneurs usually go way beyond these platitudes in their actions and thinking, and often won’t volunteer their real views, for fear of alienating “regular” people, and being branded a fanatic.
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.
The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. I often get asked about the real alternatives to bridge this valley, and there are some good ones I will outline here.
Whether you are trying to motivate your team, close a deal with a customer, or get funding from an investor, a casual conversation is usually a waste of your valuable time. These result is a founder who is always “too busy,” but never seems to get the business done and the team moving. All real business is conversations focused on creating results. Shawn Kent Hayashi, in her classic book “ Conversations That Get Results and Inspire Collaboration ” makes my point very well as she outlines the top
It seems like every entrepreneur and business owner I meet is highly focused on fast growth to a large business, and becoming the next unicorn. They don’t realize the running a large business brings a whole new set of problems, and may not be all that much fun, compared to their small business role. If you enjoy your role today, I believe it makes more sense just to keep it that way.
It seems like every entrepreneur and business owner I meet is highly focused on fast growth to a large business, and becoming the next unicorn. They don’t realize the running a large business brings a whole new set of problems, and may not be all that much fun, compared to their small business role. If you enjoy your role today, I believe it makes more sense just to keep it that way.
Following a successful launch into Walmart stores last year, sexual wellness startup Cake is expanding its mainstream presence into Target. The move is buoyed by a $2.5 million bridge round to bring its total funding to date to $8.3 million. Los Angeles-based Cake raised $4 million in funding last year when it made its national retail launch into Walmart.
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