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6 Benefits of Outsourcing and Freelancing In Startups

Startup Professionals Musings

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. A solution I often recommend, as least in early growth, is the use of outsourcing for critical tasks.

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10 Disciplines Every Entrepreneur Needs To Practice

Startup Professionals Musings

Yet every business and every entrepreneur I know struggles with this challenge, focused on hiring the right people and implementing the right process. I was happy to see my own view reinforced in the classic book, “ Innovation Thinking Methods for the Modern Entrepreneur ,” by long-time entrepreneur and innovation expert Osama A.

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5 Crowdfunding Approaches To Tempt Every Entrepreneur

Startup Professionals Musings

Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today. The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return. Product pre-order model. Interest on debt model.

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Balance Your Focus Between Passion And Perspiration

Startup Professionals Musings

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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A Virtual Team is Not Another Name for Outsourcing

Startup Professionals Musings

Outsourcing is just another extension of the virtual team concept to people you don’t even know. How do entrepreneurs establish and maintain rapport with people they rarely see, and team members who have never met? Technology has made virtual teams an everyday reality for entrepreneurs.

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8 Indications Of A Real Entrepreneur Versus A Hacker

Startup Professionals Musings

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. Technologists building cool new platforms, just because they can, won’t find investor interest.

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How True Entrepreneurs Make Themselves Accountable

Startup Professionals Musings

Everyone seems to like the aspect of being an entrepreneur that goes with “being your own boss” and “able to do things my way.” People with confidence problems and fear problems should avoid the entrepreneur role, since success without accountability is rare. Every time I try outsourcing manufacturing, I get quality problems.” “If