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5 Keys To Pushing Past The Mental Terror Of A Startup

Startup Professionals Musings

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
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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. Capture your “secret sauce.”

Startup 111
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7 Success Factors When Your People Are The Solution

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. Capture your “secret sauce.”

Startup 174
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5 Strategies To Counter Your Urge To Quit A Business

Startup Professionals Musings

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.

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Startups Providing A Service Are Difficult To Scale

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. Capture your “secret sauce.”

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7 Staffing Strategies That May Cost You Your Business

Startup Professionals Musings

Hiring in any new venture needs to be a structured and high priority task, not the ad hoc informal process I see in many startups that are struggling to grow: Crisis mode hiring rather than planned team growth. Crisis mode hires too often get done without due consideration for strategic fit, training requirements, and cultural considerations.

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8 New Ways To Focus On Customers For Trust And Profit

Startup Professionals Musings

As an advisor to entrepreneurs, I find that I often have to remind them that the world of customers has changed since they started their last business. Start with employees and executives who are willing to really listen to customers, and make them do it regularly. Hire, train, and reward employees who are customer-centric.

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