Remove Customer Remove Ideas Remove Metrics Remove Outsource
article thumbnail

5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

One thing I have learned the hard way in business is that implementing new ideas is usually much more difficult than conceiving the idea in the first place. That’s why I caution my aspiring entrepreneur clients against proclaiming to investors that they are a great “idea” person. For example, I have a friend with a Ph.D.

Ideas 126
article thumbnail

8 Signs Of A New Business Initiative And Not A Hobby

Startup Professionals Musings

I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Indications Of A Real Entrepreneur Versus A Hacker

Startup Professionals Musings

I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

article thumbnail

How To Take Your Idea From A Hobby To A Business

Startup Professionals Musings

I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business. Typically some production and delivery is outsourced, requiring formal contracts and documentation. Solution development and delivery.

Ideas 62
article thumbnail

10 Strategies To Find That Rare Complementary Partner

Startup Professionals Musings

Of course, they can outsource part of the work or hire employees, but that approach means more time and money to manage the work, which they don’t have. These areas may have not just your co-founder, but also the robust ecosystem your startup needs for investors, programmers and customers.

Startup 99
article thumbnail

8 Business Execution Strategies That Lead To Success

Startup Professionals Musings

I’m sure you have all seen entrepreneurs and startups with great ideas that never seem to live up to their potential, while others with more mundane solutions seem to take off quickly and never slow down. Define success metrics, and measure progress regularly. Focus on communication and responsibility assignment.

Startup 123
article thumbnail

10 Keys To Building Unstoppable Startup Partnerships

Startup Professionals Musings

Of course, they can outsource part of the work or hire employees, but that approach means more time and money to manage the work, which they don’t have. These areas may have not just your co-founder, but also the robust ecosystem your startup needs for investors, programmers and customers.

Startup 126