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” It’s the most common refrain I hear from investors and even entrepreneurs these days. The patents Overture held became known in small circles as Google’s ’361 problem as outlined here. LA in fact has more entrepreneurs as a percentage of its population than anywhere else in the country.
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. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies.
A continuing question I hear from young entrepreneurs is whether a university degree is important to startup success, or just a distraction in achieving their purpose in the world. Take advantage of free startup programs and mentors. School mentors, professors, and peers will give you the critical feedback without passing judgment.
Anyone who works with entrepreneurs will tell you that all are different. I’ve always wondered if there was some way that I could quickly deduce a new entrepreneur’s “sweet spot,” and optimize my mentoring to those strengths and weaknesses, maybe similar to the Myers-Briggs type indicator for business professionals. Specialist.
In my experience as a business mentor, one of the biggest challenges I see is a failure to focus. 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. Highlight results and urgency, rather than variety of activities.
It seems like everyone wants to be an entrepreneur and get rich these days. As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. There are lots of resources available for that question, including the Internet and mentors like me. Keep thieves away (protect it).
As a mentor to aspiring entrepreneurs, I’m always surprised by the fact that some never seem to be able to that first startup going, while many others never seem to stop, starting their second or third initiative before the first one is fully hatched. Real entrepreneurs start experiments. Real entrepreneurs start experiments.
Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. Access to entrepreneurs-in-residence, business mentors. Access to intellectual property and current research.
Every startup mentor has his favorite list of basic strategies to avoid pitfalls, and I’m no exception. The patent process is far from perfect, but it’s a huge step ahead of no proprietary content. Unfortunately, for every success story you see, there is an even longer list of failure stories with mistakes that you don’t see.
As a mentor to many aspiring entrepreneurs, I challenge them to think beyond what I call linear extensions to a current trend, such as another “easier-to-use” app for smartphones, a new dating site for pets, or another niche social network. Great social entrepreneurs are rare. Why doesn’t this product or service already exist?
When I started mentoringentrepreneurs and startups a few years ago, I anticipated that I would get mostly tough technical questions, but instead I more often hear things like “Where do I start?” Successful entrepreneurs know they have to fight not only to win market share, but to retain it as well. Marty Zwilling.
In my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. He makes a convincing argument that the best leaders and entrepreneurs follow their intrinsic rather than extrinsic motivations. Find personal meaning from building a business.
As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. Some entrepreneurs love to talk and produce videos, but hate to write anything down. Registered patents and other intellectual property.
Entrepreneurs often have formidable technical expertise, key to developing a new product or service, but a great naïveté in management skills. It’s here that entrepreneurs must shift their thinking from tactical and operational, to strategic and managerial. No entrepreneur is born with these skills. Focus on high productivity.
Everyone recognizes a great entrepreneur when they work with one, but most entrepreneurs don’t know what to look for in themselves that will drive that perception by others. The points are great, but can be made even simpler and more actionable by adapting then to the world of the entrepreneur: Demonstrate character.
Aspiring entrepreneurs ask me why their great idea hasn’t sold; they talk about it endlessly, and they expect others to do the development, finance, and marketing work for them. There is nothing more inspiring than seeing the results of your mentoring and leadership. Success is the right balance of both for fun and profit.
Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. Every young entrepreneur knows implicitly that startup success is a long hard road. Of course, a real entrepreneur always takes a failure as a milestone on the road to success. How can you improve your odds?
Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cashflow personally every day. burn rate business cashflow entrepreneur investor startup'
In my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. He makes a convincing argument that the best leaders and entrepreneurs follow their intrinsic rather than extrinsic motivations. Find personal meaning from building a business.
Helping entrepreneurs succeed. An on-line community for entrepreneurs. Cadence, Intel, IBM, Freescale, Mentor Graphics, Synopsys, LSI, X-Fab, and many other leading-edge. and international patent and trademark procurement - IP. Thanks in particular to: Sponsors. Redpoint Ventures (www.redpoint.com). Startups Made Simple.
Aspiring entrepreneurs ask me why their great idea hasn’t sold; they talk about it endlessly, and they expect others to do the development, finance, and marketing work for them. There is nothing more inspiring than seeing the results of your mentoring and leadership. Success is the right balance of both for fun and profit.
Many experts are certain that successful entrepreneurs are the ones with the most inspiration (passion and dream), while others will assert that it’s about more perspiration (working harder). Overcoming obstacles and learning is one of the biggest inspiration for most entrepreneurs. Note the growth of your team and your own leadership.
Entrepreneurs often have formidable technical expertise, key to developing a new product or service, but a great naïveté in management skills. It’s here that entrepreneurs must shift their thinking from tactical and operational, to strategic and managerial. No entrepreneur is born with these skills. Focus on high productivity.
Entrepreneurs often have formidable technical expertise, key to developing a new product or service, but a great naïveté in management skills. It’s here that entrepreneurs must shift their thinking from tactical and operational, to strategic and managerial. No entrepreneur is born with these skills. Focus on high productivity.
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. He makes a convincing argument that the best leaders and entrepreneurs follow their intrinsic rather than extrinsic motivations. Find personal meaning from building a business.
In my role as advisor and mentor to many new entrepreneurs, I often find myself suggesting that they think bigger. We all are excited to hear real innovation, and struggle daily to increase every potential entrepreneur’s scope of thinking. For example, smart entrepreneurs look for recognizable patterns in disconnected domains.
Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. Access to entrepreneurs-in-residence, business mentors. Access to intellectual property and current research.
Every startup mentor has his favorite list of basic strategies to avoid pitfalls, and I’m no exception. The patent process is far from perfect, but it’s a huge step ahead of no proprietary content. Unfortunately, for every success story you see, there is an even longer list of failure stories with mistakes that you don’t see.
As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. Some entrepreneurs love to talk and produce videos, but hate to write anything down. Registered patents and other intellectual property.
Helping entrepreneurs succeed. An on-line community for entrepreneurs. Cadence, Intel, IBM, Freescale, Mentor Graphics, Synopsys, LSI, X-Fab, and many other leading-edge companies, universities, and organizations will be sharing their latest technologies, products, and services in this unique Southern California event.
When I started mentoringentrepreneurs and startups a few years ago, I anticipated that I would get mostly tough technical questions, but instead I more often hear things like “Where do I start?” Successful entrepreneurs know they have to fight not only to win market share, but to retain it as well. Marty Zwilling.
Had you thought you'd be an entrepreneur when you were in college? Jonathan Simkin: I was actually in high school when I decided I'd either start a company when I graduated, or go into patent law. They act as mentors and help companies grow. I chose Harvey Mudd because they have a general engineering degree.
For some reason, too many aspiring entrepreneurs I know seem to focus on “actions” rather than “results.” These are not the entrepreneurs that I want to support, since I’m well aware that running a startup is far more complex, albeit more satisfying, than most conventional roles in established enterprises.
It’s a new age for aspiring entrepreneurs, where anyone with a dream or a hobby should be turning it into a business. Too many entrepreneurs still think plans are for investors, and investors are required to build a startup. Trademarks, copyrights and even patents can be completed online by anyone through the U.S.
Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. Access to entrepreneurs-in-residence, business mentors. Access to intellectual property and current research.
Aspiring entrepreneurs ask me why their great idea hasn’t sold; they talk about it endlessly, and they expect others to do the development, finance, and marketing work for them. There is nothing more inspiring than seeing the results of your mentoring and leadership. entrepreneur startup perspiration inspiration business'
As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. Some entrepreneurs love to talk and produce videos, but hate to write anything down. Registered patents and other intellectual property.
It seems like everyone wants to be an entrepreneur and get rich these days. As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. There are lots of resources available for that question, including the Internet and mentors like me. Keep thieves away (protect it).
Many experts are certain that successful entrepreneurs are the ones with the most inspiration (passion and dream), while others will assert that it’s about more perspiration (working harder). Overcoming obstacles and learning is one of the biggest inspiration for most entrepreneurs. Note the growth of your team and your own leadership.
In my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. He makes a convincing argument that the best leaders and entrepreneurs follow their intrinsic rather than extrinsic motivations. Find personal meaning from building a business.
When I started mentoringentrepreneurs and startups a few years ago, I anticipated that I would get mostly tough technical questions, but instead I more often hear things like “Where do I start?” Successful entrepreneurs know they have to fight not only to win market share, but to retain it as well. Marty Zwilling.
It seems like everyone wants to be an entrepreneur and get rich these days. As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. There are lots of resources available for that question, including the Internet and mentors like me. Keep thieves away (protect it).
Everyone recognizes a great entrepreneur when they work with one, but most entrepreneurs don’t know what to look for in themselves that will drive that perception by others. The points are great, but can be made even simpler and more actionable by adapting then to the world of the entrepreneur: Demonstrate character.
Many experts are certain that successful entrepreneurs are the ones with the most inspiration (passion and dream), while others will assert that it’s about more perspiration (working harder). Overcoming obstacles and learning is one of the biggest inspiration for most entrepreneurs. Note the growth of your team and your own leadership.
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