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73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Fortunately I was mostly a technology consultant, which meant that I coded computers, designed databases and planned system integration projects. People throw them around at cocktail parties. I say it deadpanned. It’s irony.

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10 Metrics To Drive Your Annual Business Review

Startup Professionals Musings

Entrepreneurs have no trouble focusing on how to build a product, and the good ones know how to find and nurture those first critical customers. As the end of the year approaches, it’s a good time for every startup to assess the metrics, technology, and platforms they’re using to manage the business. Customer loyalty and retention.

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6 New Venture Ending Alternatives You May Contemplate

Startup Professionals Musings

The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event. Equity investments are not loans, so there is no loan payback period or interest payments.

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10 Quotes You Should Never Use Around A Business Plan

Startup Professionals Musings

“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” If you haven’t yet finalized the business model, cost projections, and customer segments, you aren’t ready for investors. Investors invest in the jockey, more than the horse.

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6 Strategies For Startup Exit That Investors Accept

Startup Professionals Musings

The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event. Equity investments are not loans, so there is no loan payback period or interest payments.

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10 Strategies For Attracting Investors That Will Fail

Startup Professionals Musings

“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” If you haven’t yet finalized the business model, cost projections, and customer segments, you aren’t ready for investors. Investors invest in the jockey, more than the horse.

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Going Green with Smart Home Technology

Tech Zulu Event

That statistic alone shows that the U.S. For those unfamiliar with the term, home automation essentially means using technology to connect, control, and automate normal home processes, turning a regular home into a “smart” home. Plus, as with indoor solutions, many outdoor systems can be customized and monitored through a mobile app.