Startup Professionals Musings

AUGUST 1, 2021

In his classic book on building a business, “ Traction: Get a Grip on Your Business ,” Gino Wickman, a similar experienced business consultant and developer of the Entrepreneurial Operating System (EOS), outlines five common frustrations that we both hear from entrepreneurs, as follows: You are the boss, but you don’t have control.

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Startup Professionals Musings

JUNE 25, 2022

You shouldn’t be making this decision just because you are mad at your boss, or you would like to be rich, or someone else thinks you have a good idea. In these changing times, if you already have a startup, with no plan, maybe it’s time to think ahead for a change. Take inventory of what you have.

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Berkonomics

SEPTEMBER 30, 2021

Here’s a question to help you decide if you’re guilty. How many times have you heard someone say, “Let’s do it now and ask permission later?” Have you done it in front of your cohort? The worst thing about this is that the people most likely to do this are those most entrepreneurial and creative in doing their jobs.

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Startup Professionals Musings

JULY 2, 2023

I’m sure you all know someone who is the perennial victim. According to a classic article by Karl Perera, called “ Victim Mentality - You Don't Have to Suffer! Here are some key ones he mentioned, applied to the entrepreneurial environment: “When things don’t work, I secretly believe I’m the cause.”

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Berkonomics

SEPTEMBER 24, 2020

My entrepreneurial start. We tell the story that dad was offered the general store franchise in the brand-new park in Anaheim soon to be built by – you guessed it – Walt Disney. Now, how about you? Are you a DNA-based entrepreneur? Have you found the cure for cancer and need to bring it to the world?

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Startup Professionals Musings

DECEMBER 19, 2022

Let me assure you, from personal experience, and from helping many successful as well as struggling entrepreneurs, that starting a business is hard work, and doesn’t come with any of the benefits mentioned. So what are the right motivations, and how do you candidly assess your own? You are driven to compete and win in the marketplace.

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Startup Professionals Musings

OCTOBER 25, 2021

Contrary to what you might guess, the highest rate of small business and entrepreneurial growth over the last few years is not Gen-Y upstarts, but Boomers over the age of 50, now called encore entrepreneurs. Here are some indicative business ownership facts from recent trend data and other projections. In the U.S.,

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Startup Professionals Musings

DECEMBER 5, 2020

For best results, my advice is to think like an entrepreneur, even if you are a corporate employee. Entrepreneurial thinking in a corporate environment brings many positive career opportunities to the table, and many advantages to your company. Entrepreneurial thinking is focused on dominating a segment of a competitive market.

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Startup Professionals Musings

JULY 14, 2021

One of the business ironies that many entrepreneurs have learned the hard way in the past is that ideas which are truly disruptive carry the highest risk of failure, take the longest to gain traction, and thus are the least likely to get external funding. John Sculley, in his classic book “ Moonshot!: Unpack your best ideas. He kept raising the bar.

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Startup Professionals Musings

FEBRUARY 7, 2021

The E-Myth (“Entrepreneurial Myth”) is the mistaken belief that most businesses are started by people with tangible business skills, when in fact most are started by “technicians” who know nothing about running a business. Let me assure you that based on my experience, I’m not convinced. Hence most fail.

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Startup Professionals Musings

SEPTEMBER 29, 2023

Here are six considerations to get you started on the right startup: Invented a solution to a painful existing problem. You have proven that you can create an innovative product, but creating a business is a whole new challenge. You won’t be a successful and happy entrepreneur if you aren’t motivated to build a business.

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Startup Professionals Musings

NOVEMBER 30, 2020

Some argue the only way to start is to drop everything and jump in with both feet, while others recommend an overlapped approach to the lifestyle, including not quitting your day job until you have revenue and a proven business model. Not all friends and family will see your entrepreneurial efforts as visionary and prestigious.

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Startup Professionals Musings

MARCH 11, 2023

In fact, you don’t need a third-party public relations agency at this stage. You want people to see you as an evangelist for hydrogen fuel, for example, so your later auto engine will have credibility by default. People tend to forgive controversial views if you aren’t perceived as pushing a product.

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Startup Professionals Musings

MAY 31, 2023

These should come as no surprise to you, since they haven’t changed in many decades, and I expect will serve you well in the current turbulent times we all face: Spend time nurturing productive work relationships. Find what works for you. Loners need not apply. Hone your project management skills above all others.

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Startup Professionals Musings

FEBRUARY 17, 2021

Now you can do it for free, or a few hundred dollars, with one of the many web building tools available, like Shopify or Weebly. You can now skip the mandatory office space rental, with secretary and bookkeeping staff, or outsourcing. With Google, you get all the storage you need in the cloud for free.

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Startup Professionals Musings

MARCH 18, 2022

For all of you whose business has survived for a few years, have you noticed how your thinking has changed ? Instead of sizing up new opportunities and actively courting every new customer, you start worrying about cutting costs, repeatable processes , and overtaking known competitors.

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Startup Professionals Musings

DECEMBER 18, 2019

Fortunately, basic leadership and entrepreneurial skills can be acquired from experience and training. If you don’t have the entrepreneur leadership attribute or interest, but want to be an “idea person” or inventor, then I recommend that you find a partner with the requisite skills to implement and run the business from your idea.

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Startup Professionals Musings

DECEMBER 4, 2022

As a startup advisor and investor, I’ve met many aspiring entrepreneurs, and I often get asked the question, “I have a great idea for a startup – do you agree that it real potential?” You tend to ask for forgiveness rather than ask for permission. Making big money excites you, but is not your major driver.

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Berkonomics

OCTOBER 26, 2017

You can just reject the components, especially if coming from an outside supplier, or you can get to the root of the problem by examining the cause and re-engineering the process or product quickly, saving you and perhaps your supplier time and cost.

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Startup Professionals Musings

FEBRUARY 27, 2023

Even if you are no longer a student, or not enrolled now, it can pay big dividends to get to know people there and explore the possibilities, including the following: Potential to get technical work done as a class project. They have equipment and smart students that would otherwise cost you a fortune through an outside contract.

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Startup Professionals Musings

MAY 29, 2021

Here is a short list of the areas where you should be able to find help, whether you are a student or an independent entrepreneur: Exploring hot ideas. The professors know how to get grants to fund development for you in strategic focus areas, like biotech, that would otherwise cost you many thousands of dollars.

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SoCal Tech Calendar

JULY 8, 2020

Whether you are an entrepreneur, corporate entrepreneur or aspire to make a difference in the world by creating something new out of nothing, we will revisit the fundamentals of an entrepreneurial journey, including: Why entrepreneurship? What is the value of an idea? What is an innovation? What is a business model? See [link] (more)

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Berkonomics

APRIL 6, 2017

Of course, you have a vision for what you will do to change the world. First, if your vision is limited and you will be happy with a successful local dry cleaning enterprise or small restaurant around the corner, you are not the target for this effort to help entrepreneurs build great businesses that change the world.

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Startup Professionals Musings

OCTOBER 31, 2021

Then what you perceive as isolated exceptions, might indeed appear as a clear majority. Optimism, for example, is a typical entrepreneurial trait that improves performance, but only up to a point. This refers to the human tendency to select and interpret available information in a way that confirms pre-existing hopes and beliefs.

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Startup Professionals Musings

FEBRUARY 10, 2020

One of the realities of being an entrepreneur is that you have to keep learning and changing to survive. Everyone on the startup team knows there is no buffer, and no personal isolation from impact based on your job description that can save you. Inspiring people around you with a clear vision and target. Keeping things simple.

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Startup Professionals Musings

MAY 23, 2021

Anyone who works with entrepreneurs will tell you that all are different. A few years ago, I first saw an interesting step in that direction via the classic book “ Entrepreneurial DNA ,” by Joe Abraham , with his assessment web site. Some are really inventors, who view the challenges of building a business as a necessary evil.

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Startup Professionals Musings

JANUARY 29, 2022

If your product is highly innovative, and speed to market is critical, you won’t get it right the first time anyway, no matter how cautiously you plan. These are the environments where you really need extended planning to ensure proper positioning before launching the product. But Lonnie L.

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Startup Professionals Musings

AUGUST 11, 2021

Most of you aspiring entrepreneurs probably have long searched for that special idea that will catapult you and your startup to success. Yet, my experience as a business advisor and investor has convinced me that the magic is not the idea, but you and the execution. Don’t get over-confident that you now know the magic.

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Startup Professionals Musings

NOVEMBER 7, 2022

Even with advantages that independent startups can never hope to match, including brand recognition, customers, financial capital, and distribution, I don’t often see the entrepreneurial passion for innovation, agility, and team perseverance exhibited by new startups. Make sure everyone comes with an entrepreneur mindset for real innovation.

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Startup Professionals Musings

JULY 11, 2022

So what about you? How do you know if you should be running your own company, or concentrating on that queue of work that someone else has built for you? Now is the time to put aside your fantasies, and take a hard look at who you really are, before you commit to the entrepreneurial lifestyle.

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socalTECH

DECEMBER 27, 2019

What was the biggest news for you/your company this year? Whats happening in regions in our counties with startup and entrepreneurial activity, especially in the Conejo Valley (Calabasas to Thousand Oaks) is exciting. What new technology area, startup, service, or app did you find most interesting or useful this year, and why?

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Startup Professionals Musings

JUNE 7, 2023

When was the last time you set a challenge for your team that pushed all of you to deliver more than you thought was humanly possible? Leadership on ideas is a start, but entrepreneurial leadership requires the ability to deliver on the new reality as well. Do you have the leader’s mindset required to compete and win?

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Startup Professionals Musings

DECEMBER 12, 2022

In fact, I believe the majority of true entrepreneurs are not interested in this new role, and jump ship quickly by hiring an experienced CEO or merging with another company, to start their next entrepreneurial effort. You can’t manage what you don’t measure. Just decide where you want to fit, and go for it.

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Startup Professionals Musings

SEPTEMBER 23, 2020

I certainly agree that you won’t learn all you need in school to run an innovative and successful startup, but I don’t believe that universities and entrepreneurial efforts have to be mutually exclusive or serial paths. Every school recognizes the power of “hands-on” work to help you develop your own ideas into a business.

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Startup Professionals Musings

JANUARY 1, 2023

But whether you choose the entrepreneurial route, or any other approach, I suggest you try the following top ten recommendations from experts around the world on how to stay happier at work: Do what you love and love what you do. So if reality matches expectations you will feel neutral about it.

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Startup Professionals Musings

JUNE 5, 2023

If you are an entrepreneur building a new business, there are many things along these lines that you can and must do to be seen as accountable, including the following: It’s up to you to be the model of accountability. Maybe it’s just me, but I sometimes feel that accountability is a rare talent in business today.

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Startup Professionals Musings

OCTOBER 12, 2022

Driving these actions are some basic principles that entrepreneurial leaders, such as Airbnb CEO Brain Chesky and LinkedIn CEO Jeff Weiner, seem to have learned early. Driving these actions are some basic principles that entrepreneurial leaders, such as Airbnb CEO Brain Chesky and LinkedIn CEO Jeff Weiner, seem to have learned early.

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