Startup Professionals Musings

AUGUST 3, 2020

For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. If you can’t quantify or document your service for repeatability and new employee training, you will kill yourself trying to grow the business. The customer experience is more than the service.

Startup 174

Startup Training Services Writing 174

Both Sides of the Table

SEPTEMBER 10, 2021

I’m over-paying for every check I write into the VC ecosystem and valuations are being pushed up to absurd levels and many of these valuations and companies won’t hold in the long term. And the truth is that several entrepreneurs prefer it this way. Are we in a bubble?” By definition?—?I’m Seed has become an option factory for many.

Venture Capital 471

Venture Capital Writing Invest Pricing 471

Startup Professionals Musings

JULY 31, 2023

Many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Writing something down is the first step toward moving forward and making it real. The best entrepreneurs finish something every day.

Writing 92

Writing Ideas Startup Entrepreneur 92

Startup Professionals Musings

SEPTEMBER 12, 2021

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. The size of the document should be based on your style, but 10-20 pages or slides are usually more than adequate to outline even a complex business.

Technical Review 126

Technical Review Writing Entrepreneur Slides 126

Startup Professionals Musings

OCTOBER 1, 2023

A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Investors worry about a single entrepreneur getting overloaded, disabled or led astray, with no balancing and supporting partner.

Startup 99

Startup High Tech Entrepreneur Writing 99

Startup Professionals Musings

JANUARY 29, 2012

The stakes are high – you are asking an investor for money, a customer for an order, or another executive for a partnership. No one is born with business writing skills, and everyone can learn them. Before you start writing, it’s important to ask yourself what you intend the document to accomplish. Make it look good.

Writing 89

Writing Email Tips Startup 89

Both Sides of the Table

DECEMBER 14, 2009

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I wanted to also post the series here to have it as a resource on my blog for future entrepreneurs who stop by. If you haven’t spent time over there you should.

Entrepreneur 338

Entrepreneur Startup Venture Capital Google 338

Both Sides of the Table

FEBRUARY 7, 2010

I originally conceived it as the Top 11 things that I believe “all entrepreneurs need to succeed.&# If it stuck to this theme then I would stand by my top 11. There’s one attribute (coming soon) that I need to have in order to write a check but I don’t believe is vital for success. I know this stuff cold now.

Entrepreneur 267

Entrepreneur Startup SaaS San Diego 267

Startup Professionals Musings

MAY 18, 2014

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you. Executive summary glossy.

Entrepreneur 108

Entrepreneur Startup Writing Slides 108

Startup Professionals Musings

SEPTEMBER 11, 2023

As an advisor to many entrepreneurs, I still hear frequently the irrational exuberance that crowdfunding is the quick alternative for startups that are passed over by overly demanding angels or venture capital investors. Thus crowdfunding is clearly not the panacea for funding and success that many entrepreneurs envision.

Startup 100

Startup Equity Entrepreneur Demand 100

Startup Professionals Musings

MAY 27, 2015

Aspiring entrepreneurs who rely only on traditional learning vehicles (teachers, classrooms, and risk-free practice) are doomed to failure in founding a startup today. The Internet is the problem, by facilitating constant change, and it’s the solution, by providing an absolutely current view of customers, trends, and best practices.

Entrepreneur 102

Entrepreneur Social Media Startup Education 102

Startup Professionals Musings

JUNE 26, 2020

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. What you don’t realize is these famous investors only deal with entrepreneurs who sold their last company for a $100M dollars or more.

Product 169

Product Summary Startup Examples 169

Startup Professionals Musings

FEBRUARY 16, 2018

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. I often hear entrepreneurs who seem to rely wholly on their own passion, and the view of a few friends.

Customer 57

Customer Custom Technical Review Software Review 57

Startup Professionals Musings

JUNE 6, 2020

Aspiring entrepreneurs who rely only on traditional learning vehicles (teachers, classrooms, and risk-free practice) are doomed to failure in anticipating change today. The Internet is the problem, by facilitating constant change, and it’s the solution, by providing an absolutely current view of customers, trends, and best practices.

Social Media 127

Social Media Startup Education Entrepreneur 127

Startup Professionals Musings

JUNE 14, 2013

On a regular basis, I am approached by entrepreneurs who assert that business plans are a waste of time. They cite sources like a recent BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this NY Times article. You need an investor, and want a document to mass-mail to everyone.

Entrepreneur 100

Entrepreneur Technical Review Writing Slides 100

Startup Professionals Musings

NOVEMBER 13, 2020

Many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Writing something down is the first step toward moving forward and making it real. The best entrepreneurs finish something every day.

Ideas 121

Ideas Writing Startup Entrepreneur 121

Startup Professionals Musings

SEPTEMBER 15, 2013

You don’t need to invent an innovative product to be a real entrepreneur. Many of these new entrepreneurs were regular employees a few years ago, focused on a skill specialty. Writing specialists. Tomorrow, a similar change is likely to happen to sales personnel, customer service, even manufacturing and construction jobs.

Entrepreneur 106

Entrepreneur Services Search Engine Optimization Startup 106

Startup Professionals Musings

DECEMBER 30, 2019

In my work with new and aspiring entrepreneurs, I find that most struggle with putting together a written business plan, often pointing out that someone they know started a business without anything written down. You really need at least a prototype product or customer to make the video come alive. Make it light, but factual.

Ideas 126

Ideas Slides Sample Examples 126

Startup Professionals Musings

JUNE 1, 2013

If you can’t solve problems and enjoy it, you won’t make it as an entrepreneur. By definition, an entrepreneur is the first to undertake a given business, and firsts never happen without problems and people frustrations. It’s a key skill for success in every business role, from accountant to customer support. Marty Zwilling.

Entrepreneur 107

Entrepreneur Satisfaction Training Customer 107

Startup Professionals Musings

JANUARY 17, 2021

A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Investors worry about a single entrepreneur getting overloaded, disabled or led astray, with no balancing and supporting partner.

Startup 126

Startup High Tech Entrepreneur Writing 126

Both Sides of the Table

MAY 19, 2018

Your historical trading information including financials and a “customer file” which shows the history of your transactions so that investors can run “cohort” analyses Customer reference, personal references, key team members, compensation, cap table, stock option plan, etc. Some people find this elitist?—?I It doesn’t.

Funding 336

Funding Venture Capital Startup Email 336

Startup Professionals Musings

MAY 29, 2016

Aspiring entrepreneurs who rely only on traditional learning vehicles (teachers, classrooms, and risk-free practice) are doomed to failure in anticipating change today. The Internet is the problem, by facilitating constant change, and it’s the solution, by providing an absolutely current view of customers, trends, and best practices.

Entrepreneur 61

Entrepreneur Social Media Startup Education 61

Startup Professionals Musings

DECEMBER 26, 2020

As an advisor to many entrepreneurs, I still hear frequently the irrational exuberance that crowdfunding is the quick alternative for startups that are passed over by overly demanding angels or venture capital investors. Thus crowdfunding is clearly not the panacea for funding and success that many entrepreneurs envision.

Startup 151

Startup Equity Funding Demand 151

Startup Professionals Musings

SEPTEMBER 30, 2013

I hear a lot of entrepreneurs contemplating their great “idea” for several years with little discernable progress, and looking for money to start. Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. Get a real customer and real revenue.

Funding 112

Funding Entrepreneur Startup CTO Hire 112

InfoChachkie

APRIL 16, 2012

Steve is also a Stanford Professor and noted marketing entrepreneur. The Lean Startup approach dictates that successful customer development is an iterative process. Eric (Ries) was a student in one of the very earliest customer development classes at Berkley. If you haven't already subscribed yet, subscribe now for.

Startup 229

Startup Class Press Custom Development 229

Startup Professionals Musings

MARCH 14, 2015

The instigators are all well-intentioned – executives talk to potential customers who “must have” a few more things; or the technical team edicts some “technically elegant” options that they can’t resist adding before release. Here are five basic rules to live by: Document the requirements. Lock down the sign-off authority.

Technical Review 104

Technical Review Product Software Review High Tech 104

Startup Professionals Musings

OCTOBER 16, 2020

Too many of you business owners think success only means being the next Amazon, or you stress yourself out trying to be everything to every customer. Understand and write down every expense, and budget for required costs, especially initial inventory and accounts receivable delays. Meticulously manage cash inflow and outflow.

Customer 125

Customer Custom Tool Writing 125

Startup Professionals Musings

FEBRUARY 21, 2011

You don’t need to invent an innovative product to be a real entrepreneur. Self-employed services specialists are just as important, and are a growing part of this new “ age of the entrepreneur ” that I discussed last week. Many of these new entrepreneurs were regular employees a few years ago, focused on a skill specialty.

Entrepreneur 89

Entrepreneur Services Product Search Engine Optimization 89

Startup Professionals Musings

NOVEMBER 7, 2014

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans are a waste of time. They cite sources like the BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this Forbes article. You need an investor, and want a document to mass-mail to everyone.

Technical Review 109

Technical Review Writing Entrepreneur Slides 109

Startup Professionals Musings

OCTOBER 19, 2013

The instigators are all well-intentioned – executives talk to potential customers who “must have” a few more things; or the technical team edicts some “technically elegant” options that they can’t resist adding before release. Here are five basic rules to live by: Document the requirements. Lock down the sign-off authority.

Technical Review 110

Technical Review Startup Software Review High Tech 110

Startup Professionals Musings

SEPTEMBER 17, 2010

If you can’t solve problems and enjoy it, you won’t make it as an entrepreneur. By definition, an entrepreneur is the first to undertake a given business, and firsts never happen without problems and people frustrations. It’s a key skill for success in every business role, from accountant to customer support. Marty Zwilling.

Entrepreneur 92

Entrepreneur Satisfaction Training Customer 92

Startup Professionals Musings

MAY 29, 2011

A business plan is an “outward facing” document for external investors, or for C-level executives within your own company. Because this document is “outward facing” the tone and level has to change to be understandable by customers and investors. It’s definitely positive to have a product plan.

Product 93

Product Entrepreneur Outsource Development Competition 93

Startup Professionals Musings

SEPTEMBER 2, 2018

For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. If you can’t quantify or document your service for repeatability and new employee training, you will kill yourself trying to grow the business. The customer experience is more than the service.

Services 72

Services Startup Training Writing 72

Startup Professionals Musings

JULY 15, 2015

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you, and demonstrating your readiness.

Startup 104

Startup Writing Entrepreneur Slides 104

Startup Professionals Musings

DECEMBER 8, 2017

Unless you are a serial entrepreneur with a string of successes behind you, you need a business plan to convince investors that you can build a business out of the dream that has been driving your passion to change the world. Marketing, sales, and customer experience. The details can be added later. Skip the acronyms and jargon.

Startup 65

Startup Writing Patents Competition 65

Startup Professionals Musings

JUNE 27, 2014

For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. If you can’t quantify or document your service for repeatability and new employee training, you will kill yourself trying to grow the business. The customer experience is more than the service.

Services 105

Services Startup Training Writing 105

Startup Professionals Musings

DECEMBER 14, 2016

Too many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Writing something down is the first step toward moving forward and making it real. The best entrepreneurs finish something every day.

Writing 100

Writing Ideas Startup Entrepreneur 100