Startup Professionals Musings

DECEMBER 29, 2019

If you are like most entrepreneurs I know, there just aren’t enough hours in a day to get all your own work done, as well as run the many one-hour meetings each team member seems to demand for decisions and mentoring. For one-on-one coaching from the startup founder, I call this approach five-minute mentoring.

Mentor 124

Mentor Technical Review Coach Slides 124

Startup Professionals Musings

NOVEMBER 27, 2016

Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. The challenge is finding and using qualified affordable support organizations for each stage. Usually these will not give you money, but will provide inexpensive expert mentoring and office services.

Organization 93

Organization Startup Incubator Ideas 93

Startup Professionals Musings

OCTOBER 12, 2020

Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. The challenge is finding and using qualified affordable support organizations for each stage. Usually these will not give you money, but will provide inexpensive expert mentoring and office services.

Resource 171

Resource Startup Organization Incubator 171

Startup Professionals Musings

JUNE 21, 2021

If you are one of the many professionals still trapped between jobs by circumstances outside your control, or are about to dump the loser job you have now, you should be actively defining and starting your own business, in parallel with looking for that ideal job. Have startup efforts to highlight in job interviews.

Startup 156

Startup Social Network Activity Ideas 156

Startup Professionals Musings

SEPTEMBER 30, 2023

As a business advisor, I meet many business professionals and aspiring entrepreneurs who are anxious to be their own boss , or have an innovative idea to start or acquire a new business. Also, initiating a startup is quite different from taking over a thriving business, where the focus is on repeatable processes and quarterly profits.

Startup 94

Startup Ideas Metrics Entrepreneur 94

Startup Professionals Musings

SEPTEMBER 11, 2020

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. Most of these are non-profits, set up by a university to commercialize new technologies, or a municipality to foster business development for the local economy.

Resource 159

Resource Startup Incubator Seed Funding 159

InfoChachkie

DECEMBER 30, 2013

Mentor relationships are not immune to the laws of human interactions. Without active management on the part of the protégé, the meetings with their mentor will become less frequent and less impactful, ultimately accelerating the end of the relationship. Stages Of A Typical Mentor Relationship. Access part I HERE.

CTO Coach 241

CTO Coach Mentor Activity Satisfaction 241

Startup Professionals Musings

OCTOBER 14, 2023

If you sold your last startup for $800 million, you probably already know how to build a business, and even conservative investors won’t worry about the quality of your next business plan. In fact, the process of organizing and documenting these elements is the best way to make sure you understand the answers yourself. I hope not.

Startup 102

Startup Writing Mentor Sample 102

Startup Professionals Musings

DECEMBER 12, 2022

In fact, I believe the majority of true entrepreneurs are not interested in this new role, and jump ship quickly by hiring an experienced CEO or merging with another company, to start their next entrepreneurial effort. With a startup, everything is an experiment. Implement metrics and set objectives for every organization.

Startup 137

Startup Training Entrepreneur Organization 137

Startup Professionals Musings

FEBRUARY 21, 2022

In my consulting work, when I ask team members in startups and small businesses how they know whether they are doing a good job, the typical response I get is “Nobody has yelled at me today,” or “No news is good news.” One mistake to avoid in all cases is to dress up praise as a comparison to others , such as “You were the best speaker today.”

Startup 133

Startup Mentor News Coach 133

Startup Professionals Musings

JULY 22, 2020

Luckily, not all investors are looking for the same thing, so it pays to know what type of investors are most interested in what your startup brings to the table. The key is understanding how potential investors see you, and especially how they view the maturity stage of your startup. Congratulations!

Startup 148

Startup Ideas Equity Invest 148

Both Sides of the Table

AUGUST 30, 2014

Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. There are bootcamps, startup classes, video interviews – the sources are now endless. Because I’ve asked more than 100 VCs similar questions I start to notice patterns in thinking.

Startup 407

Startup Framework CTO Coach Sales 407

Startup Professionals Musings

SEPTEMBER 26, 2022

Of course, you can pick up the basic principles this way, but the problem is that the practical rules for success are changing so fast that no academic can keep up. From a practical standpoint, there are many ways to learn about business change, and the opportunities that may spring up at any moment.

Startup 142

Startup Case Study Course Entrepreneur 142

Startup Professionals Musings

OCTOBER 19, 2022

Yet as I mentor entrepreneurs around the country, crowdfunding still seems to be one of the least understood approaches to startup funding, with more myths than accredited angels and professional venture capital investors combined. With this model, a startup pre-sells their product early, at a cheaper price, in exchange for a pledge.

Funding 141

Funding Startup Outsource Development Satisfaction 141

Startup Professionals Musings

FEBRUARY 10, 2023

Even though the color of their money is always green, all startup investors are not the same. Investor due diligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. It’s no fun for either side.

Technical Review 138

Technical Review Startup Innocal Offshore 138

Startup Professionals Musings

JULY 17, 2013

Mentors tell you what you need to hear. When the message is the same from both, you don’t need the mentor anymore. In that sense, you should think of a mentor more like your advisor who has done all he can. Also don’t confuse a business mentor with a business coach. Friends tell you what you want to hear.

Mentor 101

Mentor Coach Startup Entrepreneur 101

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?” On the other hand, there are many additional creative options available for starting a business that you might not find for buying a car, home, or other major consumer item. Solicit venture capital investors.

Funding 174

Funding Startup Equity Examples 174

Both Sides of the Table

APRIL 10, 2014

In a VC business when you raise additional capital you need to “level up” and act the round you are. I’d say 20% of startups I see level-up early after their A round. These are important leveling-up activities but the CEO is often still up at 10pm f **g around with QuickBooks entries.

Startup 381

Startup Resource Venture Capital Activity 381

Startup Professionals Musings

OCTOBER 4, 2020

One of the biggest impediments to starting a new venture is the “ terror barrier ,” as popularized by Bob Proctor, a 85-year-old millionaire and world renowned entrepreneur. If you want to be an entrepreneur and start a new business, you must be willing and able to break through your terror barrier. Work on one step at a time.

Startup 173

Startup Satisfaction Entrepreneur Mentor 173

Startup Professionals Musings

OCTOBER 2, 2022

If you are like most entrepreneurs I know, there just aren’t enough hours in a day to get all your own work done, as well as run the many one-hour meetings each team member seems to demand for decisions and mentoring. For one-on-one coaching from the startup founder, I call this approach five-minute mentoring.

Mentor 154

Mentor Technical Review Coach Slides 154

Startup Professionals Musings

FEBRUARY 27, 2023

As a startup advisor and investor, living in an area with several local universities, I’m continually surprised by how little many entrepreneurs know about the resources available from these institutions. Other project and research reports in their library are a rich source of new ideas, if you are still looking for a place to start.

Entrepreneur 110

Entrepreneur Class Startup Resource 110

Startup Professionals Musings

DECEMBER 20, 2021

In my many years of experience in business, and recent work as a mentor to entrepreneurs, I have seen the business world change, and can relate well to his five success practices paraphrased here: Build the team from people with a shared obsession. Teams must openly deal with their own weaknesses and take action on underperformers.

Class 155

Class Develop Development Startup 155

socalTECH

JANUARY 7, 2019

My biggest takeaway this year was truly understanding the strength and cohesion of the Los Angeles startup community. There was no monetary reward for those who participated (and Startup Boost does not take fees or equity from the companies that we help). What was the biggest news for your organization in 2018?

Technical Review 157

Technical Review Software Review Startup Coach 157

Startup Professionals Musings

APRIL 17, 2023

Luckily, not all investors are looking for the same thing, so it pays to know what type of investors are most interested in what your startup brings to the table. The key is understanding how potential investors see you, and especially how they view the maturity stage of your startup. Congratulations!

Funding 125

Funding Startup Ideas Equity 125

Startup Professionals Musings

AUGUST 28, 2017

As a long-time mentor and business advisor, I find it ironic that many look only to friends for advice. They forget that friends tell you what you want to hear, while good mentors tell you what you need to hear. When the message is the same from both, you probably don’t need the mentor anymore, but you always need the friend.

Mentor 72

Mentor Coach Help Ideas 72

Startup Professionals Musings

JUNE 15, 2012

Mentors tell you what you need to hear. When the message is the same from both, you don’t need the mentor anymore. In that sense, you should think of a mentor more like your advisor who has done all he can. Also don’t confuse a business mentor with a business coach. Friends tell you what you want to hear.

Mentor 95

Mentor Coach Startup Ideas 95

Startup Professionals Musings

APRIL 10, 2021

I’ve extracted here some key ones relevant to startups entering the growth stage: Communication clarity is essential. Organize your work before you begin. Most startups begin first, and think about organization later. Delegation doesn’t work when you are creating your startup. Staff properly at every level.

Startup 171

Startup Organization Training Entrepreneur 171

Startup Professionals Musings

JUNE 18, 2021

It does mean that you need to look, listen, and participate in the business world around you, and network through all available channels, like business-oriented social networks online (LinkedIn), local business organizations (Chamber of Commerce), and events or conferences in your school or industry. Nominate someone as your mentor.

Entrepreneur 140

Entrepreneur Startup Social Network Mentor 140

Startup Professionals Musings

MARCH 15, 2020

In fact, I believe the majority of true entrepreneurs are not interested in this new role, and jump ship quickly by hiring an experienced CEO or merging with another company, to start their next entrepreneurial effort. With a startup, everything is an experiment. Implement metrics and set objectives for every organization.

Startup 125

Startup Training Entrepreneur Organization 125

Startup Professionals Musings

JULY 28, 2021

As an angel investor in early-stage startups, I’ve long noticed my peers apparent bias toward the strength and character of the founding entrepreneurs, often overriding a strong solution to a painful problem with a big opportunity. The scope of the positive leadership views included human nature, organization life, and personal purpose.

Entrepreneur 165

Entrepreneur Mentor Ideas Invest 165

Startup Professionals Musings

OCTOBER 1, 2022

Every entrepreneur I know is dismayed by the number of friends who approach them with a line such as “I have an even better idea that will change the world, and one of these days I’m going to get around to starting my own business.” Others are debilitated by their fear, avoid risk at all costs, and never start.

Entrepreneur 153

Entrepreneur Startup Ideas Knowledge Base 153

Startup Professionals Musings

APRIL 14, 2023

When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Either could improve the statistic that half of startups fail within the first five years. So why do most startups fail?

Startup 135

Startup Entrepreneur Statistics Course 135

Startup Professionals Musings

OCTOBER 9, 2020

Due to the pervasive Internet, the scope of most successful startup teams today has become global. According to recent reports , these come from all the way up and down the age and experience spectrum, including up to ninety percent of the current Baby Boomers, as well as Millennials.

Competition 168

Competition Startup Demand Training 168

Both Sides of the Table

NOVEMBER 8, 2011

Launchpad LA today announces it will accept applications for its third class of Los Angeles-based tech startups. The goal for this organization is four-fold: To provide mentorship for some of the most promising young companies based in Los Angeles or willing to relocate to LA. For the past 2.5 ” We get feedback like this often.

Venture Capital 287

Venture Capital Funding Startup GRP Partners 287

Startup Professionals Musings

MAY 31, 2023

These haven’t changed much over the years, but still seem to be often overlooked by business professionals and leaders in their haste to keep up with peers, competitors, and customers in today’s volatile environment. The reality is that starting a business, as well is working an existing business, has always required perseverance.

Startup 121

Startup Satisfaction Technical Review Ideas 121

Startup Professionals Musings

APRIL 27, 2020

If you want to make a great first impression on a startup investor or an advisor like me, don’t try to convince me or show me how busy you are. I’m sure you all know someone who always seems to be overworked, but often comes up short on the delivery side. As a result, he missed opportunities, and the whole organization suffered.

Product 123

Product Startup Tips Entrepreneur 123

Startup Professionals Musings

AUGUST 31, 2022

The largest and most successful businesses of the past have been traditionally driven by autocratic and powerful leaders who managed a highly structured organization of subordinates. It is up to you as a leader to define and communicate the company shared values that pull a team together and allow them to disagree without fighting.

Organization 105

Organization Mentor Startup Training 105