Startup Professionals Musings

FEBRUARY 13, 2021

In my role as advisor and mentor to many new entrepreneurs, I often find myself suggesting that they think bigger. First you need to investigate industry norms and third-party statistics to understand what is possible and likely. Then you need to set goals and metrics to use as the benchmark for your own results and expectations.

Startup 162

Startup Metrics Ideas Entrepreneur 162

Startup Professionals Musings

JULY 9, 2021

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Even including repeat entrepreneurs, statistics continue to show that the overall failure rate for startups within the first five years is greater than 50 percent.

Entrepreneur 156

Entrepreneur Tips Funding Startup 156

Startup Professionals Musings

APRIL 18, 2020

In my experience as a mentor, I find that keeping creative thinking in the balance is a challenge for every startup, due to the natural employee tendency to resist change.

Metrics 157

Metrics Demand Statistics Sales 157

Startup Professionals Musings

NOVEMBER 30, 2020

Historical and current statistics still show the chances of failure on any given startup are better than even. As a mentor to aspiring entrepreneurs, I often advise them to start with another alternative, of working for an existing startup, before or while starting their own. Odds are you are going to fail before you succeed.

Startup 128

Startup Entrepreneur Satisfaction News 128

Startup Professionals Musings

APRIL 14, 2023

When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Either could improve the statistic that half of startups fail within the first five years.

Startup 135

Startup Entrepreneur Statistics Course 135

socalTECH

APRIL 11, 2013

Where we see, statistically, on what kind of instruments around the nation are doing well, we find that first, the largest metro areas are where we tend to do well. It''s been six years, and he''s still able to make a living playing music, and doing things that he''s super passionate about. Who''s your ideal customer for this?

Startup 260

Startup Education Study Ideas 260

Startup Professionals Musings

AUGUST 19, 2022

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. The best leaders use data and analytics to identify key offenders to continually reduce these problems.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Startup Professionals Musings

MAY 6, 2020

For example, Lyft and Uber were able to capitalize on the current ride-sharing trend worldwide by tracking statistics that indicated reduced interest in car ownership by millennials, lack of parking spaces, and auto ownership costs moving up rapidly. As Andy Grove famously wrote, “Only the paranoid survive.”

Startup 124

Startup Customer Custom Statistics 124

Startup Professionals Musings

JULY 13, 2014

Bureau of Labor Statistics. Be willing to listen to an advisor or mentor on how others perceive you, and be willing to correct for those weaknesses. This leads them to jump, without real consideration of the fit and opportunity, into the entrepreneurial world, where they could be even more unhappy.

Startup 108

Startup Entrepreneur Statistics Mentor 108

Startup Professionals Musings

NOVEMBER 13, 2020

Many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Statistics have shown that only three percent of the population have well-defined, clear written goals.

Ideas 121

Ideas Writing Startup Entrepreneur 121

Startup Professionals Musings

JULY 18, 2020

When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Either could improve the statistic that half of startups fail within the first five years.

Entrepreneur 121

Entrepreneur Startup Statistics Course 121

Startup Professionals Musings

JANUARY 11, 2023

In my experience as a mentor, I find that keeping creative thinking in the balance is a challenge for every startup, due to the natural employee tendency to resist change.

Marketing 119

Marketing Metrics Demand Statistics 119

Startup Professionals Musings

OCTOBER 26, 2010

In case you think that all of these are employed by big companies, listen to these statistics: According to an article in U.S. How can you beat finding someone who has been there and done that, able to mentor Gen-Y, has lots of connections to people in your industry, and is often willing to work for equity alone? Advisory Board.

Mentor 75

Mentor Statistics High Tech Demand 75

Startup Professionals Musings

FEBRUARY 29, 2012

Bureau of Labor Statistics. Be willing to listen to an advisor or mentor on how others perceive you, and be willing to correct for those weaknesses. This leads them to jump, without real consideration of the fit and opportunity, into the entrepreneurial world, where they could be even more unhappy.

Startup 98

Startup Entrepreneur Statistics Mentor 98

Startup Professionals Musings

JULY 3, 2015

For financial reasons alone, an IPO is a statistically rare phenomenon, happening just 275 times in 2014 , out of almost 500,000 startups. As an advisor and mentor to startups, I try to make sure entrepreneurs understand both the pros and cons of an IPO as an exit strategy.

Entrepreneur 98

Entrepreneur Startup Report Statistics 98

Startup Professionals Musings

OCTOBER 5, 2015

According to recent statistics , there are already over 500 website crowdfunding platforms, such as Kickstarter , available; and over $5 billion was raised this way last year. Here they are: A crowdfunding campaign. Crowdfunding is rapidly becoming the major source of funding for seed-stage startups. Startup incubator seed funding.

Funding 104

Funding Venture Capital Startup Seed Funding 104

Startup Professionals Musings

MAY 10, 2014

When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Either could improve the statistic that most startups fail within the first five years.

Startup 110

Startup Entrepreneur Statistics Course 110

Startup Professionals Musings

JUNE 5, 2014

It’s amazing how much more you can learn face-to-face, compared to an analysis of aging statistics alone. Mentoring and shared advisory board opportunities. Trade show and conference participation. Equally important to your growth will be new strategic partner relationships with resellers or white label opportunities.

Startup 100

Startup Tips Mentor Conference 100

Startup Professionals Musings

AUGUST 18, 2023

Historical and current statistics still show the chances of failure on any given startup are better than even. As a mentor to aspiring entrepreneurs, I often advise them to start with another alternative, of working for an existing startup, before or while starting their own. Odds are you are going to fail before you succeed.

Startup 102

Startup Satisfaction Entrepreneur News 102

Startup Professionals Musings

MAY 18, 2014

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Even including repeat entrepreneurs, statistics have long shown that the overall failure rate for startups within the first five years is greater than 50 percent.

Entrepreneur 108

Entrepreneur Startup Writing Slides 108

Startup Professionals Musings

DECEMBER 22, 2014

In my experience as a mentor, I find that keeping creative thinking in the balance is a challenge for every startup, due to the natural employee tendency to resist change.

Entrepreneur 113

Entrepreneur Metrics Demand Statistics 113

Startup Professionals Musings

AUGUST 5, 2023

They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. There is a good chance that business advisors and mentors also have access to investment capital, or know someone who does.

Statistics 98

Statistics Entrepreneur Funding Social Media 98

Startup Professionals Musings

JULY 15, 2015

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Even including repeat entrepreneurs, statistics have long shown that the overall failure rate for startups within the first five years is greater than 50 percent.

Startup 104

Startup Writing Entrepreneur Slides 104

Startup Professionals Musings

NOVEMBER 15, 2019

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. The best leaders use data and analytics to identify key offenders to continually reduce these problems.

Metrics 98

Metrics Tool Statistics Entrepreneur 98

Startup Professionals Musings

JULY 27, 2013

In my experience as a mentor, I find that keeping creative thinking in the balance is a challenge for every startup, due to the natural employee tendency to resist change.

Metrics 110

Metrics Entrepreneur Demand Statistics 110

Startup Professionals Musings

OCTOBER 1, 2012

Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. Statistics show that the failure rate for new startups within the first 5 years is as high as 50 percent. That’s not bad, but who wants to be average? How can you improve your odds?

Entrepreneur 109

Entrepreneur Ideas Resource Statistics 109

Startup Professionals Musings

JANUARY 20, 2011

Bureau of Labor Statistics. Be willing to listen to an advisor or mentor on how others perceive you, and be willing to correct for those weaknesses. This leads them to jump, without real consideration of the fit and opportunity, into the entrepreneurial world, where they could be even more unhappy.

Startup 90

Startup Entrepreneur Statistics Mentor 90

Startup Professionals Musings

MARCH 28, 2013

Bureau of Labor Statistics. Be willing to listen to an advisor or mentor on how others perceive you, and be willing to correct for those weaknesses. This leads them to jump, without real consideration of the fit and opportunity, into the entrepreneurial world, where they could be even more unhappy.

Entrepreneur 89

Entrepreneur Startup Statistics Mentor 89

Startup Professionals Musings

DECEMBER 14, 2016

Too many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Statistics have shown that only three percent of the population have well-defined, clear written goals.

Writing 100

Writing Ideas Startup Entrepreneur 100

Startup Professionals Musings

AUGUST 25, 2023

Based on my own experience as a mentor and angel investor, I find that as many as ninety percent of startups fail in the first five years, despite their best efforts.

Social Media 98

Social Media Metrics Media Tool 98

Tech.Co

JANUARY 10, 2018

Recent statistics show that women “ purchase over 50 percent of traditional male products, including automobiles, home improvement products, and consumer electronics,” according to GirlPowerMarketing. Mentors help fill in the gaps and can serve to give you a holistic or landscape view of your industry. Spending Power. Final Thoughts.

Tips 70

Tips Customer Custom Dollar Shave Club 70

Startup Professionals Musings

NOVEMBER 11, 2013

Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. Statistics show that the failure rate for new startups within the first 5 years is higher than 50 percent. That’s not bad, but who wants to be average? How can you improve your odds?

Startup 100

Startup Ideas Entrepreneur Resource 100

Startup Professionals Musings

JULY 31, 2023

Many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Statistics have shown that only three percent of the population have well-defined, clear written goals.

Writing 92

Writing Ideas Startup Entrepreneur 92

Startup Professionals Musings

AUGUST 6, 2023

According to more recent statistics , fewer than a third of all crowdfunding operations end up being successful, and the rest have to return anything they do collect. Board seats can’t be negotiated, and even informal mentoring in decision and governance processes is unlikely. But don’t be misled – these are just the cream of the crop.

Equity 80

Equity Platform Entrepreneur Statistics 80

Startup Professionals Musings

JUNE 3, 2016

According to recent statistics from the International Business Innovation Association ( InBIA ), there are about 7,000 business incubators and accelerators worldwide, with over 90 percent being non-profit and focused on incubator programs for community economic development. Direction, mentoring and resources required.

Incubator 58

Incubator Startup Seed Funding Equity 58

socalTECH

AUGUST 4, 2016

If you look at some of the statistics, getting a home loan is like pulling teeth, and it gets very poor customer ratings. He's my mentor, and I've known him since I was nineteen years old, when he was an Adjunct Professor at Pepperdine. Because of that, it's very antiquated, both in terms of the process and the technology used.

Startup 100

Startup Platform Pepperdine CIO 100

Startup Professionals Musings

JANUARY 20, 2018

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Even including repeat entrepreneurs, statistics continue to show that the overall failure rate for startups within the first five years is greater than 50 percent.

Startup 65

Startup Entrepreneur Slides Content 65