article thumbnail

7 Steps To Greater Satisfaction As A New Entrepreneur

Startup Professionals Musings

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. Enlist a mentor and advisor who is not a ‘yes’ person. Find your level of passion early.

article thumbnail

6 Keys To Competitive Advantage By Memorable Service

Startup Professionals Musings

In this context, even “satisfied” is only a “meets-minimum,” and does not put you ahead of your competition. With pervasive access to social media, customers no longer differentiate poor product repair and replacement from a poor shopping experience or customer usage satisfaction. This results in more profits and growth for you.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Keep Your Mature Company Young And Competitive

Startup Professionals Musings

In her classic book, “ Rookie Smarts ,” Liz Wiseman, one of the top thought leaders in business, amplifies this point as it relates to hiring and cultivating the curious, flexible, youthful mindset in keeping a mature company young and competitive, as well as keeping experienced employees more productive.

article thumbnail

8 Keys To Attracting More Talent Than The Competition

Startup Professionals Musings

Freelancers and consultants have to demonstrate results, without training and mentoring, so they can help you more quickly and probably at a lower total cost. Higher worker engagement and satisfaction. Prioritize demonstrated execution versus potential. Career hiring has traditionally focused on potential, but you need results now.

article thumbnail

Maintain Your Startup Motivation While Working Harder

Startup Professionals Musings

Similarly, it will be very satisfying to see the productivity increases from your leadership and mentoring. New business models that provide an ongoing revenue stream, or a secondary stream from advertising, raise your margins and can give you some additional satisfaction. Watch that patent provide a real barrier to competitive entry.

Startup 118
article thumbnail

Balance Your Focus Between Passion And Perspiration

Startup Professionals Musings

Similarly, it will be very satisfying to see the productivity increases from your leadership and mentoring. New business models that provide an ongoing revenue stream, or a secondary stream from advertising, raise your margins and can give you some additional satisfaction. Watch that patent provide a real barrier to competitive entry.

article thumbnail

6 Ideas To Recover From Business Resource Challenges

Startup Professionals Musings

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. How entrepreneurs respond to these will become a larger and larger determinant of startup growth, competitive position, and success.

Resource 112