Startup Professionals Musings

MAY 30, 2020

Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. Get help with grant funding and incubator resources. Access to entrepreneurs-in-residence, business mentors.

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Class Startup Resource Mentor 124

Startup Professionals Musings

JUNE 3, 2023

A few are still trying to make a profitable business out of nurturing startups, but it’s a challenge to make money when your customer startups don’t have many resources to give. Mentoring and technical assistance from volunteer or paid experts. Direct seed funding, for a share of the equity, and introductions to investors.

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Organization Incubator Startup Resource 92

Startup Professionals Musings

JUNE 5, 2023

It’s not baked into our DNA, and there are many resources available to direct improvement. For example, quite a while back I found some great guidance to the how, why, and who of accountability in the “ QBQ Workbook ,” by John G. Provide resources and training to enable accountability. Miller and Kristin E.

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Startup Professionals Musings

MAY 22, 2023

For example, witness the current creation of the space tourism industry, vaccines to control new viruses, or simply providing a free product to the needy for every product sold. As a mentor to many business professionals, I find many who are risk-averse or not confident in their own abilities to make forward-looking decisions.

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Capital Netflix Resource Customer 142

Startup Professionals Musings

JUNE 30, 2021

For example, a couple of years ago, Starbucks' CEO Kevin R. Create innovative change from existing resources. The most effective leaders marshal existing resources and incent people to create innovative yet competitive solutions. That means accepting coaching and seeking mentoring, as well as giving it.

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Startup Professionals Musings

JANUARY 6, 2021

Unfortunately, with limited resources, this isn’t possible, and it frustrates customers and the team. For example, Mark McClain, cofounder and CEO of SailPoint Technologies , created an employee growth culture resulting in growth of forty percent a year, with more than $100 million in revenues. Utilize outside expertise and mentoring.

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Technical Review Technical Advisors Startup Mentor 160

Startup Professionals Musings

MAY 21, 2023

One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide.

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Startup Capital Equity Funding 106

Startup Professionals Musings

JUNE 3, 2020

In my experience as a business mentor, one of the biggest challenges I see is a failure to focus. Good examples of initial focus by an entrepreneur would include Jeff Bezos when he started Amazon as an online marketplace for books only, and Elon Musk starting PayPal as an online bank. Documented business objectives and a timeline.

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Entrepreneur Startup Patents Resource 126

Startup Professionals Musings

JANUARY 2, 2021

For example, a couple of years ago, Starbucks' chief executive officer, Kevin R. I often think of the scope of this example in my role as mentor to a struggling entrepreneur who is quick to blame his problems on employee mistakes, or even changing customer expectations.

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Training Examples Startup Social Media 173

Startup Professionals Musings

AUGUST 30, 2023

Listen to your team, mentors, and customers to recognize real successes and failures, and surround yourself with people who can fill in the gaps. You can't control government spending, for example, or global politics. Allocate your time and resources to customer expectations and competitor challenges.

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Mentor Startup Coach Satisfaction 104

Startup Professionals Musings

AUGUST 13, 2021

The best leaders are mentors to their team, and they are stewards of a company’s assets and vision. Your task is follow-up in support, mentoring, and setting goals. Then you need to identify the talent, skills, and resources your company will need to succeed, as well as when and where they will be needed.

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Tips Startup Mentor Press 170

Startup Professionals Musings

JUNE 25, 2021

As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. There are lots of resources available for that question, including the Internet and mentors like me. It seems like everyone wants to be an entrepreneur and get rich these days.

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Ideas Entrepreneur Mentor Resource 136

Startup Professionals Musings

SEPTEMBER 12, 2020

It’s not baked into our DNA, and there are many resources available to direct improvement. For example, quite a while back I found some great guidance to the how, why, and who of accountability in the “ QBQ Workbook ,” by John G. Provide resources and training to enable accountability. Miller and Kristin E.

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Startup Resource Training Tool 147

Startup Professionals Musings

AUGUST 29, 2021

Simply walking down the hall to human resources and telling them to fix the problem doesn’t do it. If employees don’t see their leaders stand up and lead by example, employees will feel less engaged—and be less willing to do their best work. After the hire comes mentoring and continuous training as the key to engagement.

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Mentor Startup Training Resource 155

Startup Professionals Musings

MAY 15, 2021

Examples that come to mind include satellite phones, the Segway PT vehicle, hydrogen fueled auto engines, and many more. Even the best have mentors they really use. A mentor is someone who will tell you what you need to hear, while friends and associates often tell you what you want to hear.

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Mentor Entrepreneur Ideas Networking 139

Startup Professionals Musings

JANUARY 30, 2023

Over my many years of mentoring aspiring entrepreneurs and business professionals, I often hear a desire to start a new business, with a big hesitation while waiting for that perfect idea and perfect alignment of the stars. Most aspiring entrepreneurs don’t have the resources alone to “bootstrap” or fund their new business alone.

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Technical Review Startup Entrepreneur Software Review 149

Startup Professionals Musings

DECEMBER 6, 2020

Based on my experience and a business advisor and mentor, this is the ideal time to get back to the basics of business leadership and innovation. For example, I’ve always been impressed with how improvisational comedy never loses its positive impact, no matter how controversial the subject matter.

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Mentor Ideas Competition Examples 122

Startup Professionals Musings

FEBRUARY 20, 2023

As a mentor to startups, I see more startups that are really an individual professional, marketing themselves as a consultant or freelancer in this new gig economy. Here are some examples: Marketing Professional. I’m sure you can think of a dozen more examples today. We are becoming a society of entrepreneurs.

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Startup Social Media Course Entrepreneur 106

Startup Professionals Musings

APRIL 16, 2022

Yet I find, as a mentor and outside consultant, that many of you focus only on working conditions and compensation as the key factors determining team engagement , health, and productivity. Let your team members feel that they are constantly learning new things, and allow them to share their talents through coaching and mentoring assignments.

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Technical Review Mentor Social Media Customer 141

Startup Professionals Musings

SEPTEMBER 22, 2022

For example, many investors I know tell me they look for business plans that allocate the largest portion of a requested investment to marketing, but most often see the top “ use of funds ” to be further product or service development. Allocate resources to handle bumps along the way.

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Marketing Customer Custom Outsource Development 133

Startup Professionals Musings

JULY 27, 2022

For example, BlackBerry was really the first in the smart mobile phone market, but they never thought beyond their tiny physical keyboard as they added new features. One way to do this is to nurture mentoring relationships with experts in other disciplines, as Bill Gates did with Warren Buffet. Always practice thinking outside the box.

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Competition Examples Customer Custom 139

Startup Professionals Musings

DECEMBER 16, 2022

One of the dysfunctions I often see in my coaching and mentoring work with small businesses is team member burnout. Burnout occurs for many when your job demands are too many, the hours are too long, and the resources to handle them are too few. Organization acts without fairness and respect.

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Coach Organization Demand Resource 120

Startup Professionals Musings

NOVEMBER 23, 2022

In my experience as an advisor and mentor, I have assimilated the following most frequent negative reactions from others to your ideas, with my own suggestions and feedback from other experts on how to counter them, build your credibility, and be more productive: The implementation does not fit the way we do things.

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Ideas Netflix Resource Customer 116

Startup Professionals Musings

DECEMBER 13, 2021

In my role as mentor to many of you aspiring entrepreneurs, I often find you convinced that all you need to start is a unique innovation or idea , and now you are ready to jump in with both feet and enjoy the ride. They always give credit to the many things they learned, and the resources they needed, before risking their own career.

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Satisfaction Entrepreneur Startup Mentor 135

Startup Professionals Musings

SEPTEMBER 9, 2020

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. For example, your quality problem may well have both design as well as manufacturing elements. Search for the multiple dimensions of a problem.

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Satisfaction Mentor Study Startup 152

Startup Professionals Musings

AUGUST 23, 2021

Thus, in my role as mentor to young entrepreneurs, I always recommend that you first take a hard look at your own values and priorities, before jumping into any new startup, as the founder, or even as a side hustle. For example, TOMS shoes agreed to donate a pair of shoes to the needy for every pair sold.

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Startup Satisfaction Entrepreneur Equity 159

Startup Professionals Musings

APRIL 28, 2021

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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Technical Review Case Study Mentor Software Review 131

Startup Professionals Musings

AUGUST 11, 2021

For example, most people thought Twitter was a total snoozer, when Jack Dorsey was looking for funding, especially with MySpace already owning that territory. That takes focus, resolve, resources, and problem solving to make it happen. You can learn to be an entrepreneur by working in a startup, talking to peers, and mentoring.

Entrepreneur 171

Entrepreneur Ideas Examples Satisfaction 171

Startup Professionals Musings

MAY 24, 2020

As a mentor to startups, I see more startups that are really an individual professional, marketing themselves as a consultant or freelancer in this new gig economy. Here are some examples: Marketing Professional. I’m sure you can think of a dozen more examples today. We are becoming a society of entrepreneurs.

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Startup Social Media Course Entrepreneur 164

Startup Professionals Musings

FEBRUARY 13, 2021

In my role as advisor and mentor to many new entrepreneurs, I often find myself suggesting that they think bigger. For example, I’m not sure the world needs one more social media niche site, or another dating site, or yet another flavored drink alternative. Communicate and market your solution to the max.

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Startup Metrics Ideas Entrepreneur 162

Startup Professionals Musings

FEBRUARY 24, 2020

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. In addition, you can reduce to soft costs of mentoring, relationship building, and socializing.

Outsource 123

Outsource Startup Technical Review Training 123

Startup Professionals Musings

AUGUST 29, 2020

One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide.

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Funding Startup Equity Examples 174

Startup Professionals Musings

MARCH 26, 2021

As an entrepreneur mentor, my mission is to foster the attributes in you as a startup founder that I believe will lead to success. For example, I worked with an entrepreneur a while back who was clearly intelligent, had a great idea, and communicated well. Sometimes good things are easy to see in others, but hard to see in yourself.

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Entrepreneur Ideas Examples Mentor 136

Startup Professionals Musings

OCTOBER 27, 2019

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. A good alternative is to enlist the help of a business mentor you can trust.

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Mentor Entrepreneur Technical Review Summary 85

Startup Professionals Musings

MAY 31, 2023

For example, it has long been widely accepted that one of the primary causes for entrepreneur failure in new startups is that many give up too soon. Inside the organization, it also pays to offer some of your time for coaching and mentoring to less experienced team members, as an entrée to a supportive relationship.

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Startup Satisfaction Technical Review Ideas 121

Startup Professionals Musings

NOVEMBER 29, 2019

As a mentor to many aspiring entrepreneurs, I challenge them to think beyond what I call linear extensions to a current trend, such as another “easier-to-use” app for smartphones, a new dating site for pets, or another niche social network. Examples I have seen include atomic battery technology, or how marine algae could help feed the world.

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Entrepreneur Ideas Resource Examples 126

socalTECH

NOVEMBER 15, 2011

The program is basically to take entrepreneurs, pair them with a mentor who is also an entrepreneur themselves, either a CEO or a CTO. It's structured so that they get funding, office space, all of the Internet resources, tools they need from mentors. There might be one or two mentors, one might be a CTO, another, a CEO.

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CTO Coach Startup Mentor Activision 194