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6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

In my role as a mentor to aspiring entrepreneurs, I find that most have the technical challenges well understood, but many are a bit short on some basic street smarts , or basic business realities. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies.

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6 Drivers For Aspiring Entrepreneurs To Finish School

Startup Professionals Musings

Mark Zuckerberg, while still in school, tested the viability of his “ FaceMash ” technology as a business by rolling it out to other students at Harvard as customers. He learned quickly that several pivots were required for business, legal, and customer acceptance reasons. Take advantage of free startup programs and mentors.

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5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. In addition, creating a business requires leading and interacting with other people, including partners, investors, and customers. You must also learn from your customers. Yes, there are a lot of bridges to cross.

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5 Tips To Keep Your Startup Productive, Not Just Busy

Startup Professionals Musings

Yet if that leaves you with no documented business plan or unclear strategy, most investors and even customers will walk away. I’m a total believer in servant leadership and mentoring others, but nobody wins when you are in charge as an entrepreneur, and the business fails because you didn’t do your job.

Product 123
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7 Ways Investors Assess Your Focus As An Entrepreneur

Startup Professionals Musings

In my experience as a business mentor, one of the biggest challenges I see is a failure to focus. Here are the key elements that I look for as an entrepreneur mentor, as indications of a top level of focus: Willing to share your personal story to build credibility. Marty Zwilling First published on Inc.com on 05/19/2020.

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5 Keys to Moving From Entrepreneur Thinking To Action

Startup Professionals Musings

As a mentor to aspiring entrepreneurs, I’m always surprised by the fact that some never seem to be able to that first startup going, while many others never seem to stop, starting their second or third initiative before the first one is fully hatched. Today the key is building momentum, customization, and continuous innovation.