Startup Professionals Musings

JULY 15, 2022

You have to be extra tough mentally to start a new business venture. He spent many years with the SEALs, but has since started and built six multimillion-dollar business ventures. To be an entrepreneur or a Navy SEAL, you must first have vision, focus, and the courage to step up to lead. Are you up to the challenge?

Startup 150

Startup Entrepreneur Mentor Training 150

Startup Professionals Musings

JULY 13, 2015

Every entrepreneur I know is short on resources, including time, money, and skills. The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. In the startup world, this is often seen as a lack of focus. That’s a deadly waste you can’t afford.

Resource 105

Resource Startup Entrepreneur Training 105

Startup Professionals Musings

JUNE 3, 2023

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. Most of these are non-profits, set up by a university to commercialize new technologies, or a municipality to foster business development for the local economy.

Organization 92

Organization Incubator Startup Resource 92

Startup Professionals Musings

MAY 30, 2020

Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. Get help with grant funding and incubator resources. Access to entrepreneurs-in-residence, business mentors.

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Class Startup Resource Mentor 124

Startup Professionals Musings

FEBRUARY 24, 2020

One of the most stressful and unanticipated challenges that comes with starting a new business is hiring and managing employees. I just finished a new book for entrepreneurs, “ Secrets to a Successful Startup ,” by Trevor Blake, which makes the same points, based on his own real-life experience with three successful startups.

Outsource 123

Outsource Startup Technical Review Training 123

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. Funding is depleted before customer sales ramp up.

Startup 131

Startup Entrepreneur Examples Customer 131

Startup Professionals Musings

JANUARY 6, 2021

Unfortunately, with limited resources, this isn’t possible, and it frustrates customers and the team. Utilize outside expertise and mentoring. No matter how much energy, experience, and passion you have, there is always more you can learn from an Advisory Board of external experts or a mentor.

Technical Review 160

Technical Review Technical Advisors Startup Mentor 160

Startup Professionals Musings

JUNE 19, 2015

To confirm the value of checking yourself, I find more and more investment organizations and startup incubators, including StartupAmerica and CoFoundersLab , already use a formal process, such as StrengthsFinder , as part of their screening process. The Builder excels at constructing a business from the ground up.

Startup 106

Startup Incubator Entrepreneur Metrics 106

Startup Professionals Musings

FEBRUARY 14, 2015

Ironically, as a startup investor and mentor, I have seen too many failures caused by just the opposite – too much money spent too soon, taking time to get product perfection, and assuming customers will wait. The result, called resourcefulness, allows entrepreneurs to create opportunities in the face of scarcity.

Resource 98

Resource Entrepreneur Competition Startup 98

Startup Professionals Musings

JUNE 17, 2022

As with most investors and advisors, I always look first at some key personal characteristics and leadership strategies that I find often make you a more likely survivor and winner in the highly competitive world of businesses, both new and mature. In my view, too many businesses fail, simply because founders give up too early.

Startup 143

Startup Competition Coach Satisfaction 143

Startup Professionals Musings

JULY 11, 2021

As an angel investor to startups, I’m still surprised to find entrepreneurs who expect investors to give them money, and assume no strings attached. If the entrepreneur wants total control of their own venture, with no one looking over their shoulder, they should work within the limits of their own resources, a process called bootstrapping.

Funding 173

Funding Startup Entrepreneur Report 173

Startup Professionals Musings

JUNE 30, 2021

By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. Yet I have learned over the years as a startup advisor that all business leaders are not the same. Create innovative change from existing resources. You generally don’t fix things by throwing them away and starting over.

Coach 162

Coach Startup Resource Competition 162

Startup Professionals Musings

AUGUST 23, 2021

Thus, in my role as mentor to young entrepreneurs, I always recommend that you first take a hard look at your own values and priorities, before jumping into any new startup, as the founder, or even as a side hustle. Timing is critical for every startup. Of course, if you wait for the perfect time, you may never start.

Startup 159

Startup Satisfaction Entrepreneur Equity 159

Startup Professionals Musings

SEPTEMBER 23, 2020

A continuing question I hear from young entrepreneurs is whether a university degree is important to startup success, or just a distraction in achieving their purpose in the world. Take advantage of free startup programs and mentors. Initiate networking to find peer partners and investors.

Entrepreneur 157

Entrepreneur Mentor Class Resource 157

Tech.Co

MAY 25, 2018

Fortunately, the Startup of the Year program aims to make it easier for founders to connect with resources. In 2006, a passion to help startups grew into Tech Cocktail , a company whose mission was to showcased burgeoning companies in bars around the country. BlackTech Week (Miami, FL).

Startup 141

Startup Technical Review Competition Software Review 141

Startup Professionals Musings

DECEMBER 13, 2021

In my role as mentor to many of you aspiring entrepreneurs, I often find you convinced that all you need to start is a unique innovation or idea , and now you are ready to jump in with both feet and enjoy the ride. Remember that being an entrepreneur is all about starting and running a business, after the initial invention.

Satisfaction 135

Satisfaction Entrepreneur Startup Mentor 135

Startup Professionals Musings

JANUARY 8, 2018

Every entrepreneur I know is short on resources, including time, money, and skills. The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. In the startup world, this is often seen as a lack of focus. That’s a deadly waste you can’t afford.

Resource 52

Resource Training Entrepreneur Activity 52

Startup Professionals Musings

AUGUST 7, 2021

Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. High-performing startups today are the ones that use every resource at their disposal. I recommend three or five members to start (an uneven number prevents tie votes).

Startup 145

Startup Entrepreneur Mentor Writing 145

Startup Professionals Musings

OCTOBER 17, 2016

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. Most of these are non-profits, set up by a university to commercialize new technologies, or a municipality to foster business development for the local economy.

Incubator 106

Incubator Startup Help Resource 106

Startup Professionals Musings

NOVEMBER 2, 2022

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. These are risks that can be mitigated with the right resources. Investors know that startups with too much money fail just as often as those with not enough.

Resource 121

Resource Metrics Entrepreneur Customer 121

Startup Professionals Musings

JULY 27, 2022

I call this linear thinking , and it’s a sure way to be ultimately overrun by your competition. Meanwhile, Apple and Google came up with real innovation through touchscreen logic and a whole new user interface controlled by finger swipes, and even voice and image recognition. Always practice thinking outside the box.

Competition 139

Competition Examples Customer Custom 139

Startup Professionals Musings

NOVEMBER 25, 2022

After many years working in business and investing in startups, I’m convinced that the primary reason for new business and career failures is NOT a lack of skill or money, but people giving up too quickly on their dreams and goals. He went on to start many successful companies, including General Electric.

Startup 122

Startup Satisfaction Summary Coach 122

Startup Professionals Musings

NOVEMBER 23, 2022

In many cases, the ideas may be small ones, such as starting a promotion to kick-start sales on a stalled item, or suggesting a huge strategy move to acquire Netflix and supplement an already healthy Blockbuster DVD rental business. Your idea has unpredictable negative side effects. The suggested change won’t create desired results.

Ideas 116

Ideas Netflix Resource Customer 116

Startup Professionals Musings

JUNE 3, 2016

The simple answer is always yes, but like any other resource, finding the right one depends on your implementation stage, your own expertise, and what’s available in your geographic area. I find that this type offers the most value to new entrepreneurs or startups in the early idea stage. Direction, mentoring and resources required.

Incubator 58

Incubator Startup Seed Funding Equity 58

Startup Professionals Musings

SEPTEMBER 1, 2014

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. Most of these are non-profits, set up by a university to commercialize new technologies, or a municipality to foster business development for the local economy.

Incubator 98

Incubator Startup Help Resource 98

SoCal CTO

JANUARY 26, 2010

In December 2007, I described how I commonly take on an Acting CTO Role in a Start-up. However, I’ve now begun questioning how and what an early-stage / startup CTO should be. What worries me a bit is how often I read that startups should hire a developer / hands-on lead developer. Gap closed, right? Probably not.

Fractional CTO 225

Fractional CTO CTO CTO Hire CTO Coach 225

Startup Professionals Musings

JULY 1, 2015

Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. High-performing startups today are the ones that use every resource at their disposal. I recommend three or five members to start (an uneven number prevents tie votes).

Startup 103

Startup Entrepreneur Mentor Writing 103

Startup Professionals Musings

NOVEMBER 16, 2015

The smart ones get some extra support early on critical decisions, and work a bit harder on issues that are common startup killers. Don’t wait for the first cash-flow crisis to start talking to investors. Resist the temptation to be defensive, and don’t assume you are somehow smarter than the competition.

Startup 96

Startup Mentor Entrepreneur Social Media 96

socalTECH

JUNE 20, 2012

There is a large menu of startup accelerators in the Los Angeles, but one of more established efforts in the area is LaunchpadLA ([link] The effort actually started as an informal mentoring program, but has grown and expanded to follow the accelerator model. For readers, LaunchpadLA is all about?

Class 261

Class Mentor Startup Santa Monica 261

InfoChachkie

OCTOBER 20, 2014

According to a recent Forbes article , UC Santa Barbara''s Technology Management Program offers students a superior startup education over the University of Pennsylvania (home of Wharton), as well Harvard, Northwestern and even its acclaimed southern neighbor, the University of Southern California. Techpreneurs.

Santa Barbara 258

Santa Barbara Technical Review Startup Venture Capital 258

Startup Professionals Musings

APRIL 8, 2022

Yet, based on my own years of experience “in the business”, mentoring many entrepreneurs, and following stalwarts like Elon Musk and Jeff Bezos, even these potentially controversial mindsets ring true to me: All risk isn’t risky. In other cases, entrepreneurs are opening up new business areas, so no one yet knows the challenges.

Entrepreneur 117

Entrepreneur Startup Customer Custom 117

Startup Professionals Musings

JULY 19, 2010

Due in large part to the current economy and an ultra-competitive job market, a Gen-Y entrepreneurial tsunami is already upon us. And today, more than 2,000 colleges and universities offer entrepreneurship courses – up from the just 70 schools that Boomers and Gen-X had to choose from in 1970. Experience vs. Escape.

Competition 96

Competition Startup Technical Review IBM 96

Startup Professionals Musings

AUGUST 3, 2022

In my role of business advisor to startups, I often recommend these to increase initial brand identity and market penetration. With the rate of market change today, and the advent of worldwide competitors, you need every strategy you can muster to keep up, and respond quickly to new threats.

Marketing 119

Marketing Social Media Mentor Conference 119

Startup Professionals Musings

SEPTEMBER 9, 2015

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. These are risks that can be mitigated with the right resources. Investors know that startups with too much money fail just as often as those with not enough.

Startup 115

Startup Resource Metrics Entrepreneur 115

Startup Professionals Musings

JANUARY 2, 2021

They are quick to claim the credit for things in their domain that work, but also quick to disclaim responsibility for problems that keep popping up. I often think of the scope of this example in my role as mentor to a struggling entrepreneur who is quick to blame his problems on employee mistakes, or even changing customer expectations.

Training 173

Training Examples Startup Social Media 173

Startup Professionals Musings

FEBRUARY 8, 2020

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. These are risks that can be mitigated with the right resources. Investors know that startups with too much money fail just as often as those with not enough.

Entrepreneur 129

Entrepreneur Resource Metrics Customer 129

Startup Professionals Musings

NOVEMBER 4, 2018

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. Most of these are non-profits, set up by a university to commercialize new technologies, or a municipality to foster business development for the local economy.

Incubator 87

Incubator Startup Resource Seed Funding 87