Startup Professionals Musings

SEPTEMBER 22, 2022

For example, many investors I know tell me they look for business plans that allocate the largest portion of a requested investment to marketing, but most often see the top “ use of funds ” to be further product or service development. Seek out people who are already known in your space. Allocate resources to handle bumps along the way.

Marketing 133

Marketing Customer Custom Outsource Development 133

Startup Professionals Musings

DECEMBER 9, 2022

One of the attributes that I often recommend to the business professionals and entrepreneurs I mentor is to always be totally accountable for your actions and ideas. Setting your own metrics, and measuring yourself , will facilitate accountability. Be available for mentoring and coaching to others.

Activity 109

Activity Organization Mentor Training 109

Startup Professionals Musings

SEPTEMBER 9, 2020

In my own business career, many years as a business advisor, and mentor to aspiring entrepreneurs, I have validated the following strategies to practice and guide you. For example, your quality problem may well have both design as well as manufacturing elements. Search for the multiple dimensions of a problem.

Satisfaction 152

Satisfaction Mentor Study Startup 152

Startup Professionals Musings

SEPTEMBER 23, 2023

In fact, in my experience as an executive and a mentor to entrepreneurs, sustainable results require a balance between hard work and learning , for you and your team members. No matter how hard you work as a business leader or entrepreneur, you can’t sustain consistent results without an equally hardworking team, each with a learning mindset.

Case Study 94

Case Study Organization Study Examples 94

Startup Professionals Musings

APRIL 28, 2021

Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. For example, I believe Bill Gates would have failed without his partners Steve Ballmer and Paul Allen.

Technical Review 131

Technical Review Case Study Mentor Software Review 131

Startup Professionals Musings

OCTOBER 5, 2022

As a mentor to business professionals, I find that many are frustrated that peers and managers don’t recognize the true value of their contributions. It is important to set the expectations for success early, as well as the appropriate metrics. Communicate the criteria for success early and often.

Examples 133

Examples Metrics Startup Customer 133

Startup Professionals Musings

MARCH 15, 2020

For example, entrepreneur Sir Richard Branson has started or grown over 400 companies, from record labels to space travel, so for him the joy is clearly in the startup. Implement metrics and set objectives for every organization. Practice leadership by example beyond your business entity. You can’t manage what you don’t measure.

Startup 125

Startup Training Entrepreneur Organization 125

Startup Professionals Musings

NOVEMBER 30, 2022

For example, even though Mark Zuckerberg built Facebook as an innovative product, most experts believe it was successful due to his relationship with Peter Thiel and other top VCs that he convinced to invest early. They mentor each other, and seek out experts in domains outside their current expertise and experience.

Startup 113

Startup Customer Custom Technical Review 113

Startup Professionals Musings

MARCH 2, 2020

For example, I have a friend with a Ph.D. For example, I often cite the case of Bill Gates and Steve Ballmer , who grew Microsoft together. Create a written plan, with target milestones and metrics. That’s why I caution my aspiring entrepreneur clients against proclaiming to investors that they are a great “idea” person.

Ideas 126

Ideas Writing Examples Outsource 126

Startup Professionals Musings

JULY 15, 2020

Implement the key business metrices you will live by. Identify the three most important metrics your business must hit every week to achieve growth goals. Increase you focus on coaching, training, and mentoring. These are the timeless principles that must guide all hiring, marketing, and execution decisions.

Metrics 140

Metrics Entrepreneur Coach Satisfaction 140

Startup Professionals Musings

MARCH 19, 2021

As a mentor, my mission is to recommend actions that can strengthen your image with investors and peers, as well as help you get the startup job done. An example of a good balance is clearly Whole Foods , whose focus on healthy foods and a sustainable environment is legendary. Define and use real metrics to measure progress.

Customer 157

Customer Custom Metrics Ideas 157

Startup Professionals Musings

SEPTEMBER 30, 2023

For example , when Yvon Chouinard founded Patagonia , a successful outdoor products company, his real goal was building safe products to help the environment. Assess who you can get for value and mentoring. You may be comfortable driving your future based on vision and emotion, or have long been a stickler for details and metrics.

Startup 94

Startup Ideas Metrics Entrepreneur 94

Startup Professionals Musings

MAY 14, 2023

Cash flow is a basic survival metric for every startup. 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 cash flow personally every day. Desperate entrepreneurs lose their leverage and die young.

Search Engine Optimization 103

Search Engine Optimization Outsource Development Social Media Equity 103

Startup Professionals Musings

OCTOBER 11, 2019

Unfortunately, many aspiring leaders I mentor are not aware of the signals people are looking for, or are not attuned to the subtleties of their own actions. Define metrics to measure what you want to achieve. For example, measuring marketing team members on sales leads may not get you the revenue growth or trust you expected.

Mentor 98

Mentor News Summary Coach 98

Startup Professionals Musings

FEBRUARY 5, 2020

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. Keep your plan updated, and don’t be caught off guard.

Startup 131

Startup Entrepreneur Examples Customer 131

Startup Professionals Musings

MAY 13, 2020

As a mentor to entrepreneurs over the years, I see many of you who don’t communicate enough, others who seem to do all the talking, and some that are hesitant to be direct and open. For example, every business team needs focus and direction to be productive. I find that having the right mindset is key to getting all these right.

Startup 124

Startup Ideas Examples Metrics 124

Startup Professionals Musings

MAY 1, 2019

Image via Pixabay As a mentor to many small business owners, I always caution them that you can never relax completely, just because your initial solution or product set appears to be getting traction, and the market buzz is positive. Document processes and metrics for economies of scale.

Metrics 86

Metrics Startup Training Customer 86

Startup Professionals Musings

NOVEMBER 29, 2019

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. Examples I have seen include atomic battery technology, or how marine algae could help feed the world.

Entrepreneur 126

Entrepreneur Ideas Resource Examples 126

SoCal CTO

JULY 23, 2012

For example it includes the following kinds of things that a CTO should be addressing, but that may not be part of the expectation, time allocation, etc. What metrics are going to be the key startup metrics and how do we get those metrics without too much cost? What specific technical innovations might make sense?

CTO Coach 231

CTO Coach CTO Hire Outsource Development Develop 231

Berkonomics

JANUARY 16, 2014

community in many ways, including his weekly Internet TV program on entrepreneurism, and participation in several mentoring programs. . Are each set of goals consistent with the other’s including for example personal wealth, business success, and autonomy? Example: salary, equity, joint venture, etc… Can the business afford it?

Technical Review 204

Technical Review Startup Examples Metrics 204

Startup Professionals Musings

DECEMBER 27, 2019

As a mentor to entrepreneurs, I often get asked for the magic that has made Amazon the world's most valuable brand , from a total unknown only twenty years ago. For example, when delivery costs and delays were still a major online sales hurdle, Amazon Prime membership was invented to offer free next day shipping.

Marketing 123

Marketing Technical Review Customer Custom 123

Both Sides of the Table

NOVEMBER 8, 2011

To give visibility to these companies to: Sources of funding (angels / VCs), business development partners, mentors who have themselves built successful companies, the press and potential employees to hire. One senior mentor to Launchpad LA recently said, “I got more out of Launchpad LA than I even put in.

Venture Capital 287

Venture Capital Funding Startup GRP Partners 287

Startup Professionals Musings

AUGUST 19, 2020

Cash flow is a basic survival metric for every startup. 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 cash flow personally every day. Desperate entrepreneurs lose their leverage and die young.

Search Engine Optimization 124

Search Engine Optimization Outsource Development Social Media Equity 124

Startup Professionals Musings

AUGUST 14, 2015

One preparation example is the value of building a business plan before you start. In my perspective as an advisor and mentor to many entrepreneurs, there are a set of basic strategies that can be applied to every startup to dramatically improve the odds of success, no matter what the business domain.

Startup 101

Startup Metrics Resource Mentor 101

Startup Professionals Musings

JULY 25, 2018

It’s easy to see how cultures go astray, for example, when you pay only for sales volume, but expect a high focus on customer satisfaction. Establish metrics on the culture, as well as the product. These metrics need the same top management attention as customer retention and sales metrics. Place shapes culture.

Metrics 57

Metrics Startup Netflix Customer 57

socalTECH

JUNE 1, 2012

We will be opening up a a round of funding soon, as soon as we have some metrics and have been live in the market, and hope to raise some money and capital in the next thirty days. The big thing for us has been those connections to investors and mentors. The feedback, mentors, and connections are amazing.

CTO Coach 223

CTO Coach Startup Mobile Artificial Inteligence 223

Jason Nazar

MAY 1, 2016

I’ve been a part of dozens (maybe hundreds) of product launches And in each of these cases I ask my team to put together a simple dashboard of a small set of metrics for our paid and free products that let me know the success of our efforts. For startup entrepreneurs, you can also track these metrics with Google analytics.

Marketing 40

Marketing CPC Metrics .Net 40

Jason Nazar

NOVEMBER 1, 2015

I’ve been a part of dozens (maybe hundreds) of product launches And in each of these cases I ask my team to put together a simple dashboard of a small set of metrics for our paid and free products that let me know the success of our efforts. For startup entrepreneurs, you can also track these metrics with Google analytics.

Marketing 40

Marketing CPC Metrics .Net 40

Both Sides of the Table

JANUARY 16, 2014

He’s an incredibly smart investor and somebody that I actually consider to be a mentor to myself. I always ask when somebody sends me a deal, for example, are you already a shareholder in the company? He called me 15 months later excited to show me his metrics and wanted to talk about his A round. Fair enough. My response?

Venture Capital 333

Venture Capital Startup Technical Review Email 333

Startup Professionals Musings

OCTOBER 8, 2018

For example, I still find businesses asking you to print, sign, and return documents by mail in lieu of digital signatures or email. You need to communicate quantified and updates goals quarterly, including the metrics to assess progress and success. In my mind, these are killing their businesses.

Technical Review 84

Technical Review Customer Custom Startup 84

Startup Professionals Musings

SEPTEMBER 29, 2018

Cash flow is a basic survival metric for every startup. 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 cash flow personally every day. Desperate entrepreneurs lose their leverage and die young.

Startup 89

Startup Search Engine Optimization Outsource Development Social Media 89

Startup Professionals Musings

APRIL 1, 2019

For example, Howard Schultz was not the founder of Starbucks, but started his career in one of their first 60 shops. Help your owner get beyond the misleading metrics of employee overtime and salary increases. Conversely, the best owners are those who relate to the positions of their employees.

Technical Advisors 75

Technical Advisors Startup Satisfaction Customer 75

Startup Professionals Musings

JANUARY 25, 2016

Promote by example a superior customer experience mindset. It must be written down, with measurable team objectives, validated by metrics and compared against competition. Provide coaching and mentoring as well as training. Lost customers provide the best input. Most importantly, your actions speak louder than words.

Customer 55

Customer Custom Startup Coach 55

Startup Professionals Musings

SEPTEMBER 14, 2016

Cash flow is a basic survival metric for every startup. 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 cash flow personally every day. Desperate entrepreneurs lose their leverage and die young.

Startup 108

Startup Search Engine Optimization Outsource Development Social Media 108

Startup Professionals Musings

AUGUST 12, 2016

For example, entrepreneur Sir Richard Branson has started over 400 companies, from record labels to space travel, so for him the joy is clearly in the startup. Implement metrics and set objectives for every organization. Practice leadership by example beyond your business entity. You can’t manage what you don’t measure.

Entrepreneur 55

Entrepreneur Training Organization Examples 55

Startup Professionals Musings

AUGUST 16, 2017

In the same way, you may think that people assessment is all about skills and experience, but as a mentor to business owners, I have learned to look more for the right attitude, persistence, and determination, as success factors. Thus most investors I know claim to invest in the person, rather than the product.

Software Review 57

Software Review Technical Review Startup Press 57

Startup Professionals Musings

OCTOBER 5, 2014

Cashflow is a basic survival metric for every startup. 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. Desperate entrepreneurs lose their leverage and die young.

Entrepreneur 105

Entrepreneur Search Engine Optimization Outsource Development Social Media 105