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Praying to the God of Valuation

Both Sides of the Table

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? What happened? There was no money train.

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5 Keys To An Unbeatable Solution For Your New Startup

Startup Professionals Musings

In my role as advisor and mentor to many new entrepreneurs, I often find myself suggesting that they think bigger. Major innovation, with major payback, requires real change, addresses a major pain point, and hits a large customer segment who can pay. Collaborate with experts and people with experience.

Startup 162
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7 Ways To Raise Your Visibility As A Business Leader

Startup Professionals Musings

By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. Yet I have learned over the years as a startup advisor that all business leaders are not the same. You generally don’t fix things by throwing them away and starting over. Create innovative change from existing resources.

Coach 162
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6 Ways To Get From Linear Thinking To Real Innovation

Startup Professionals Musings

Every entrepreneur and every business I meet in my consulting and mentoring role has great intentions of bringing real innovation to the market, yet I find that most ideas are merely small extensions to existing solutions. Both fail to look first at what customers really need, and are willing to pay for.

Startup 146
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8 Unpublicized Strategies From Serious Entrepreneurs

Startup Professionals Musings

But privately, as a mentor to many entrepreneurs, I see mindsets and attributes that may be equally critical to success, but are not readily admitted, for fear of being too wacky. Don’t look to customers for breakthrough ideas. Thus you drop out of school to start the business of your dreams, like Bill Gates and Mark Zuckerberg.

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6 Ways To Turn Business Adversity Into a Step Forward

Startup Professionals Musings

Accept the fact that change is normal, and is probably the reason you saw an opportunity to start your business in the first place. Rather than get angry and upset, fall back to your initial process for evaluating markets, customer needs, and financial implications. Seek input from the team, as well as mentors.

Mentor 127
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7 Keys To Being An Exceptional Business Leader Today

Startup Professionals Musings

Today, with the Internet and social media, if you aren’t visible in a positive way to everyone, including customers, your leadership efforts will be lost. You need to be visible in marketing efforts, viral videos, and interactions with key customer segments. Be self-starting and tenacious on key challenges.

Mentor 145