Remove Examples Remove Mentor Remove Metrics Remove Satisfaction
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8 Elements Of Ownership Thinking And Startup Success

Startup Professionals Musings

I have personally worked as an employee of large businesses, as well as a partner in new ventures, and found the latter to have more potential for satisfaction. Business owners whose priority is only a financial gain will struggle to find satisfaction and happiness. The return and satisfaction were greater than the cost.

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7 Strategies To Solve Your Business Problems Faster

Startup Professionals Musings

In my own business career, many years as a business advisor, and mentor to aspiring entrepreneurs, I have validated the following strategies to practice and guide you. Each of these will help you in achieving success and satisfaction while tackling your toughest business issues: Stop attacking symptoms – dig first for the root cause.

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5 Ways To Build Startup Resilience And Avoid Failure

Startup Professionals Musings

Evan Williams , for example, before cofounding Twitter, started a podcasting platform named Odeo. Their satisfaction comes from proving nay-sayers wrong. Optimism can be learned , by really looking for your successes, rewarding yourself for your progress, and using a mentor to steer you in the right direction.

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6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. For example, I believe Bill Gates would have failed without his partners Steve Ballmer and Paul Allen.

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9 Stages to Building a Robust And Rewarding Business

Startup Professionals Musings

Implement the key business metrices you will live by. Identify the three most important metrics your business must hit every week to achieve growth goals. Increase you focus on coaching, training, and mentoring. These are the timeless principles that must guide all hiring, marketing, and execution decisions.

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6 Building Blocks Make Amazon A Global Market Leader

Startup Professionals Musings

As a mentor to entrepreneurs, I often get asked for the magic that has made Amazon the world's most valuable brand , from a total unknown only twenty years ago. For example, when delivery costs and delays were still a major online sales hurdle, Amazon Prime membership was invented to offer free next day shipping.

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8 Career Advancement Principles Of Ownership Thinking

Startup Professionals Musings

For example, Howard Schultz was not the founder of Starbucks, but started his career in one of their first 60 shops. Quantify your results in terms of cost per transaction, higher customer satisfaction, lower prices, and profit per employee, rather than number of transactions or hours worked.