Remove Course Remove Entrepreneur Remove Mentor Remove Metrics
article thumbnail

Why You Need Tools And Analytics For Employee Metrics

Startup Professionals Musings

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. Data, however, removes guesswork, biases, and anecdotal reasoning that can throw decision efforts off course.

Metrics 98
article thumbnail

5 Startup Challenges That Derail Many Entrepreneurs

Startup Professionals Musings

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. Don’t hide in your office. A principal player bows out or does not deliver.

Startup 131
Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Hard Questions That Every Entrepreneur Must Answer

Startup Professionals Musings

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. Great social entrepreneurs are rare. Do you have the resources to build a business?

article thumbnail

8 Steps To A Satisfying And Successful Business Exit

Startup Professionals Musings

Once an entrepreneur, always an entrepreneur. Although many won’t admit it, true entrepreneurs can’t wait to exit their current startup, and build a new and better one with their next great idea. At minimum, you need to get an exit advisor to keep you on course. Set your startup health gauges and use them.

Startup 99
article thumbnail

8 Keys To Preparing Early For Your Next New Venture

Startup Professionals Musings

Once an entrepreneur, always an entrepreneur. Although many won’t admit it, true entrepreneurs can’t wait to exit their current startup, and build a new and better one with their next great idea. At minimum, you need to get an exit advisor to keep you on course. Set your startup health gauges and use them.

Startup 173
article thumbnail

8 Tasks To Prepare You For Starting Your Own Business

Startup Professionals Musings

In the aftermath of the recent pandemic, which caused many businesses to close, a new raft of business workers and entrepreneurs are deciding to pursue their own dreams of being a new business owner, and controlling your own destiny. Define key metrics to measure progress and success.

article thumbnail

7 Risks Of Not Leveraging Team Member Data Analytics

Startup Professionals Musings

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. Data, however, removes guesswork, biases, and anecdotal reasoning that can throw decision efforts off course.

Tool 121