Remove Mentor Remove Metrics Remove Pricing Remove Satisfaction
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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. It’s an amazing ride, and there is no satisfaction like creating something out of nothing.

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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. Incorporate AI-powered data and metrics systems. Your future satisfaction and success likely depends on your answer.

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8 Career Advancement Principles Of Ownership Thinking

Startup Professionals Musings

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. Help your owner get beyond the misleading metrics of employee overtime and salary increases. Recommend ways to improve team engagement and culture.

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5 Unpleasant Startup Surprises and How To Recover

Startup Professionals Musings

Bring in expert advisors and mentors to set initial goals, and build recovery plans. Smart entrepreneurs have metrics for assessing their progress against milestones and regularly communicate new insights to the team. Even though invention can’t be scheduled, detailed planning does work, both on the product side and the business side.

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8 Steps To A Positive Mindset And Business Success

Startup Professionals Musings

Many business executives and entrepreneurs I know are convinced that business success is all about having the right solution for the right price. Takers can never get satisfaction, and they antagonize those around them. Some things need to be done whether we like them or not; for example, daily cash-flow analysis and business metrics.

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8 Strategies For Sustaining Momentum In Your Startup

Startup Professionals Musings

It’s important to define your growth strategy, document it, communicate it to your team, and align metrics and employee rewards to target goals. In most companies, maintaining momentum requires the right strategic partners and acquisitions, in lieu of short-term price adjustments and special sales.