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I’d like to talk about Crocodile Salesmen in 3 scenarios: 1) when YOU are selling (or someone on your team), 2) when you are trying to recruit a sales person. But how to apply “listening&# in a sales meeting? Beware of Crocodile Sales. It is my natural style to want to “tell.&# I’m an ENTP.
To be a great entrepreneur you really do need talent. You need to be great at something: technology back-end, front-end design, usability, sales, marketing, quantitative analysis, leadership –> whatever. The media eats it up as they always need something to write about. And they have done hundreds of them.
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. You have to be able to communicate effectively in all the common forms, including business writing, as well as talking, presenting, and producing videos.
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. Thinking out loud – I’m sure that’s important for entrepreneurs as well. If you haven’t spent time over there you should.
This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Entrepreneurs are inherently risk takers.
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. There’s one attribute (coming soon) that I need to have in order to write a check but I don’t believe is vital for success. That’s OK.
Consistent with the statistics cited in Why Entrepreneurs Hate (Most) MBAs , the large majority of John and Kyle''s classmates accepted positions at investment banks and consulting firms upon graduation. The popularity of the company''s newsletter soon began to grow at a pace that outstripped the MouseDriver''s relatively meager sales.
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. You have to be able to communicate effectively in all the common forms, including business writing, as well as talking, presenting, and producing videos.
I use George Bush vs. Al Gore as allegory and I’ve been using it with entrepreneurs for years to sink in a simple point about how to communicate with the market. This does not mean you shouldn’t solve big, complex problems or write complex code. Most Silicon Valley tech entrepreneurs I know are more like Al Gore.
As an entrepreneur, I helped create companies which achieved two IPOs and two trade sales totaling $385 million. Public relations at a startup is a sales process. Your commitments to investors must be significant enough to compel them to write you a check. You can’t live long enough to make them all yourself.”.
TechCrunch Europe ran an article in November of last year that European startups need to work as hard as those in Silicon Valley and I echoed the sentiment in my post about the need for entrepreneurs to be maniacal about their businesses if one wants to work in the hyper competitive tech world. We were based in London.
My advice to entrepreneurs was and is “ when the hors d’oeuvres tray is being passed take two ” (e.g. So I agreed to offer my current thinking on the economy and what it portends for the VC industry & fund raising for entrepreneurs. The housing market is not recovered : Sales in existing homes in the US fell 27.2%
John Greathouse , Entrepreneur, Investor, Professor and Freshman In The School Of Life. I write a bit more about how entrepreneurs can protect their ideas here: Spilling The Beans. When writing anything that you want people to effortlessly internalize, use simple words and avoid industry jargon. How about this one?
But should you actually write one if you’re a startup, an industry figure (lawyer, banker) or VC? This is a post to help you figure out why you should write and what you should talk about. Or “I’m a new entrepreneur, why would I offer advice on how to run a startup?&#. Do you have sales productivity software?
It’s the entrepreneur’s equivalent of “ 10,000 hours.&#. Talented brand sales people? If you wait until you need to fill somebody in a roll you’re losing valuable time as an entrepreneur. Help them write other stories. One day they’ll write yours. Recruiting. 50 coffee meetings.
Multiple surveys confirm that honesty is one of the most common traits of serial entrepreneurs. In his book, The Entrepreneur’s Manual , Richard White cites a survey of venture capitalists which ranks honesty as the single most important characteristic for serial success. Honesty Matters - Honest. Image : Wikipedia. Share and Enjoy.
After college Joanne worked for 4 years in retail apparel at Macy’s where she initially managed sales reps on the floor and then worked as a buyer of clothing. This is where she first developed sales skills. She doubled her salary by going into sales. to $12m in sales. “A lot of sales is innate.
Preparing for the game… If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.
I actually like finding entrepreneurs who are more circumspect, less braggadocios and generally more planned about their actions. Where Stealth is Bad – I do meet entrepreneurs who clearly fall on the other side of spectrum and are totally closed. That’s fine if entrepreneurs are your target market.
As a result I didn’t write my first venture capital check until March 2009 – exactly 5 years ago. I divided success into the phases of venture capital and 18 months into writing my first check here was my view (details on each in the link above). “I think the best VCs help drive exits alongside their entrepreneurs.
One of the hardest things for most entrepreneurs to know is how hard to push in situations where people tell you “no.” ” But then again most entrepreneurs fail. I’d say less than 20% of of entrepreneurs fit into that bucket. ’ “ In fact, NO is the one word that no entrepreneur should accept.
I’m writing this post as part of my series with Advice on Raising Venture Capital but will file it under Sales Tips as well since it applies equally to both scenarios. This is true whether your at a sales meeting or at a VC firm. This happens often is sales meetings or VC meetings. Congratulations.
But as I like to tell entrepreneurs, great PR could add $10 million to your valuation or increase your chances of closing a round 2x and either case is a reason to make sure you have good press. Enterprise Sales – The very first thing a potential customer does when you email or call to set up a meeting is Google you.
I guess let’s file this under sales & marketing advice. I was an entrepreneur. Don’t just write a carbon copy of what somebody else is doing. OK, well, actually the first thing I did is come up with a list of 50 posts that I wanted to write. Every time I write a post I send it out on Twitter.
If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.
I write about sales often both because it’s the lifeblood of any organization and because in my experience it is the area in which more startups are least experienced or inclined. I also write and talk about it frequently because raising capital is a part of sales and this is important for entrepreneurs to understand.
Now, I’m pretty on the record that being an entrepreneur is about being great at The Do. I have written about the need for entrepreneurs to take inventory in themselves before deciding whom to hire as the rest of the team. I’ve written about these sales mavericks before. I get sucked up in “Do” mode.
I get paid (well) for interesting people to come in and tell me how they want to change the world – Being an entrepreneur is like having blinders on. At least for the best entrepreneurs. Some people do the conference circuit too much, get involved in lots of side projects and attend every entrepreneur dinner. I love it.
You’ll get sales information from your VP of Sales, marketing information from your VP Marketing, tech information from your CTO and so on. An obvious example would be in sales. By going on sales calls you pick up directly the feedback of what customers want and also what they’re telling you about competition.
I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” The most obvious way to explain this is with sales people. I have had this discussion with many a first-time entrepreneur.
So I thought I’d write about out with what I would look for in a VC knowing what I know now and why. Of course it is super helpful if a VC can drop you in to important people for business development, recruiting, PR, sales and eventually M&A. and I realized that without years of experience it is tough to answer this question.
I hope to offer experiences from being an entrepreneur and being a VC.&#. I started by writing 3-4 times / week. I didn’t have any grand ambitions other than to write, share ideas and try to build awareness of who I am through my thoughts. Just like a sales person at the end of a quarter. I did that? Back to zero.
Although many are entertaining, most fail to provide entrepreneurs with a sufficient return on their time investment. Unfortunately, most business books do not offer entrepreneurs an adequate payoff. At the beginning of the index, Guy writes, “I hope Robert Cialdini checks this index.” I was not disapointed. Tricking The Jedi.
November 23, 2010 Entrepreneurs, Using Outsourcing to Obtain Capital Efficiency Needs to be Thought Through to be Effective - Robert Ochtel , June 7, 2010 Teen Entrepreneur, Brian Wong, Youngest Founder to Receive Angel Funding - teenentrepreneurblog.com , October 28, 2010 Build Your Own Silicon Valley?
Many first-time entrepreneurs have grown up digital natives so have a really good intuitive feel for technology & design but don’t yet have the business basics down. . I’m not talking only about a sales call, getting past the assistant or anything like that. Write your set of bullet points on paper before the call.
Consistent with the statistics cited in Why Entrepreneurs Hate (Most) MBAs , the large majority of John and Kyle''s classmates accepted positions at investment banks and consulting firms upon graduation. The popularity of the company''s newsletter soon began to grow at a pace that outstripped the MouseDriver''s relatively meager sales.
As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer , I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. Too many entrepreneurs think that expert external advisors are suspect, or will slow them down.
I had been thinking a lot about this recently because I’m often asked the question of “what I look for in an entrepreneur when I want to invest?” But at the end of the year you write your own ticket if you’re talented because now you have experience and it cost you less than your law school loans!
I recently read a post over on VentureHacks titled, “ Top Ten Reasons Entrepreneurs Hate Lawyers &# written by Scott Walker (who blogs on legal issues for entrepreneurs ). I write about some of the lessons in my post on Startup Mistakes. Shame about not getting it in legal writing that you owned the original IP.
For many entrepreneurs, college has little appeal. Academia’s arbitrary, bureaucratic structure, combined with its predominant focus on theoretical issues, causes many entrepreneurs to depart college early. Entrepreneurs are misfits. Others, such as Walt Disney and Richard Branson never even enroll.
My starting line with every entrepreneur is that everything I learned about being an entrepreneur I learned from F’ing it up on my first business. I plan to write a whole separate blog post about this quote because it’s always stuck with me. In every sales campaign of any substance (e.g.
An additional way the government could juice the auto industry — and specifically electric vehicles — is by providing point of sale rebates for all vehicles that could be issued through car dealerships, according to the proposal. Light-duty charging infrastructure occupies another $10 billion of the suggested stimulus measures.
Esther was talking about problems and entrepreneurs as far away as Russia. Even from a young age, my experiences as president of my college fraternity were more formative in my experiences as an entrepreneur than my economics classes were. It was an “enterprise 2.0” panel at the dawn of what people began calling “web 2.0.”.
If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. No entrepreneur can survive as an island. These include financial management, marketing and sales, and the appropriate production ability.
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