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How to make a business partnership a success

Berkonomics

community in many ways, including his weekly Internet TV program on entrepreneurism, and participation in several mentoring programs. . Access to new technologies. 1. Perform preliminary due diligence: Review the business plan including marketing, sales strategies and financial needs.

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7 Scenarios Where A Business Plan Is Still An Asset

Startup Professionals Musings

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans take too much time, are inaccurate, and rarely add value. In fact, they are probably in such a hurry to give you money that they don’t want you to waste time writing anything down and passing it along to new investors.

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5 Key Steps For Launching A Successful Startup Today

Startup Professionals Musings

Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers. After some review of available resources, I’m convinced that problem solving is a learnable trait, rather than just a birthright. Listen to your customers to arrive at acceptable and marketable solutions.

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Praying to the God of Valuation

Both Sides of the Table

In those years I learned to properly build product, price products, sell products and serve customers. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC).

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7 Barriers To Understanding Your Mentor Communication

Startup Professionals Musings

Most business mentors tell me that the single biggest problem they have to deal with in small companies is the lack of open, honest, and effective communication, both from the top down and from the bottom up. Then, hopefully, come customers, distribution channels, and going public or merging with an attractive buy-out candidate.

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7 Barriers To Communication In Business Relationships

Startup Professionals Musings

Most business mentors tell me that the single biggest problem they have to deal with in small companies is the lack of open, honest, and effective communication, both from the top down and from the bottom up. Then, hopefully, come customers, distribution channels, and going public or merging with an attractive buy-out candidate.

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7 Strategies For Anticipating Future Customer Trends

Startup Professionals Musings

The market is changing so fast these days, and if you are not planning a solution today for tomorrow’s customers, you may be setting yourself up for failure and don’t even realize it. Regularly follow reviews and influencers in your industry. Ask the right questions, and listen to your customers.

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