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.

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Startup Professionals Musings

JUNE 3, 2023

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.

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Startup Professionals Musings

MARCH 22, 2023

Many business leaders today, including Howard Schultz , didn’t start the businesses they are now known for, but worked their way up the corporate ranks with ownership thinking. You must focus on nurturing a culture of working together, continuous learning, and constant change to keep up with new customer and market changes.

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Startup Professionals Musings

OCTOBER 11, 2023

In reality, based on my experience as a startup advisor and investor, these constraints lead the best entrepreneurs to the most innovative solutions and new markets otherwise overlooked by their peers and competitors. Marty Zwilling First published on Inc.com on 09/19/2023

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Startup Professionals Musings

AUGUST 27, 2023

To achieve success in your business despite today’s volatile global markets , you and your team must have a mindset that goes beyond the traditional strategies of repeatable processes and lower costs. These start with your brand image, search visibility and process, and extend to the actual sales transaction.

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Tech.Co

FEBRUARY 16, 2024

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Startup Professionals Musings

APRIL 9, 2023

Many business leaders I meet in my consulting practice are frustrated by the challenge of getting their teams working together, increasing engagement, and tackling market change requirements. Listen to everyone's input, encourage people to speak up, and repeat back what you have heard. Promote team inclusive activities and diversity.

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Startup Professionals Musings

JANUARY 25, 2023

No matter how well your business seems to have worked for you up to this point, you can be certain that it will need to be heavily transformed for tomorrow’s new world-wide economy and no industry sector boundaries. Others, lured by hot new markets, abandon their core prematurely, with equally disastrous results. Always keep a balance.

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Startup Professionals Musings

APRIL 19, 2023

As a business owner or key professional, your challenge is to keep up with and stay ahead of the rapid market change today, or lose your livelihood tomorrow. Start early to envision the future landscape. Addressing problems as they come up fosters more trust than you might think. People can touch and feel it.

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Startup Professionals Musings

MAY 26, 2023

Even though many of these can be mitigated by testing and early customer feedback , you will find that it pays big dividends to do your homework before building and rolling out every new initiative: In today’s customer data overload, marketing is essential. Even more important than solution marketing is building your brand.

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Startup Professionals Musings

AUGUST 30, 2023

I’m fully convinced that success is all about you rather than the market. In my experience as a startup investor, I have become convinced that the biggest reason for business failure is giving up too early. Start with smaller opportunities, where if you were to fail, the loss would be less significant.

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Startup Professionals Musings

MARCH 24, 2023

They also want to know how they stack up to competitors. Here is a paraphrased summary of the eight-level scale she offers, with my own insights and experience added, for your consideration in starting your own self-assessment and move up: Extreme bias toward status quo as the right way. Innovation seems risky and unattractive.

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Startup Professionals Musings

APRIL 24, 2023

Millions have bowed out of the labor market. Many of these retired from the labor market. New and old entrepreneurs submitted over five million startup business applications in 2021 and again in 2022, making these the most popular years on record , according to data released by the U.S. Census Bureau.

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TechCrunch LA

DECEMBER 31, 2022

What type of market, if any, is the right one? And yet, Paris is in the midst of potentially banning its 15,000 shared e-scooters as politicians from several parties call on Hidalgo not to renew the contracts of Lime, Dott and Tier when they expire in February 2023. They muck up the air , driving climate change and health issues alike.

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TechCrunch LA

MARCH 23, 2021

Gates’ call is being met by startups and public companies hailing from everywhere from Amsterdam to Tel Aviv, London to Los Angeles, and Berkeley to… um… Chicago. The company aims to have its first product approved by European regulators by 2023 and notching commercial sales by 2025.

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Startup Professionals Musings

MAY 22, 2023

If you are one of these, you may be missing win-win opportunities to incrementally expand existing markets, create new ones enabled by new technologies, or do good for society in this new age. Begin with a perspective on improving the current market reality without needing to disrupt what is. Seek innovation with non-disruptive value.

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Startup Professionals Musings

SEPTEMBER 13, 2023

Based on my years of experience as a business executive and consultant, I am convinced that most companies gradually lose their ability to be creative as they mature, and over time are overcome by new competitors and market changes. Marty Zwilling First published on Inc.com on 08/28/2023

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Startup Professionals Musings

JANUARY 18, 2023

Even the best marketing doesn’t do it. For example, the Ritz-Carlton Hotel Company has implemented a practice of authorizing employees, after relevant training, to spend up to $2,000 per guest, without pre-approval, to solve a special requirement for any guest that will make their visit totally memorable. Inflexible processes.

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Startup Professionals Musings

FEBRUARY 8, 2023

Most business professionals I know have been conditioned to think of inflation as highly negative, driving up their costs, and reducing customer buying. Respond to new market shifts and opportunities. Marty Zwilling First published on Inc.com on 1/25/2023 We all need a shock from time to time, to get us thinking ahead again.

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Startup Professionals Musings

JANUARY 20, 2023

Therefore, I often recommend to entrepreneurs and business professionals that they not get too frustrated with initial failures or give up too soon. If you are into instant gratification or overnight stardom, then starting and growing a business may not be for you. Success comes to those who never give up, and adapt most quickly.

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Startup Professionals Musings

SEPTEMBER 15, 2023

Whether you are a business professional in a big company, or an entrepreneur with a startup, innovation is a key strategy. Developing the ideal product the first time around is unlikely, high risk, and very expensive in today’s chaotic market. Marty Zwilling First published on Inc.com on 08/31/2023

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TechCrunch LA

DECEMBER 17, 2019

Today, one of the startups riding that wave is announcing a significant round of funding to fuel its own contribution to the marketplace. and globally to 25 markets by next year, up from 12 today. and globally to 25 markets by next year, up from 12 today. Domio plays in an interesting corner of the market.

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Startup Professionals Musings

MAY 8, 2023

Start with a real problem, rather than a technology or solution looking for a problem. Your goal is to end up with a solution that is in total more useful and novel. Stay open-minded and invite diverse perspectives to hone your solution features, marketing, and rollout. Marty Zwilling First published on Inc.com on 04/24/2023

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Startup Professionals Musings

FEBRUARY 6, 2023

In my view, here are several key takeaways that you can compare to your own perspective, to see if you have the mindset, determination, and patience to migrate to this business lifestyle: Building a startup is a journey of failures to success. To survive, you need to find a product-market fit. Life is too short to not have fun.

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Startup Professionals Musings

AUGUST 25, 2023

Of course, starting and running your own business comes with financial and personal risks, so I always recommend that you do your homework first, and follow some tried and proven strategies to improve your odds of success. Pick a name, location, and marketing strategy early. These days, you can’t start and run a business alone.

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Startup Professionals Musings

JULY 26, 2023

Thus they are blindsided and try to react quickly when a new competitor starts stealing customers. Never assume that your “first to market” lead will hold. Technology advancements and user interests evolve over time to change the market. Balance your internal training for specific roles with a focus on market trends and change.

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Startup Professionals Musings

JUNE 21, 2023

For your own happiness and satisfaction, I recommend you start instead working from that higher purpose and passion. Even experienced business owners can’t keep all the requirements for starting or growing a business in their head, so organizing it on paper is critical to making it consistent and complete.

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Startup Professionals Musings

AUGUST 23, 2023

We all have our favorite metric and our passion, but keeping up with real-world changes and trends seems to be always just out of reach. Gather feedback regularly from your team and customers to check for market and perception changes. Marty Zwilling First published on Inc.com on 08/02/2023

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Startup Professionals Musings

APRIL 12, 2023

In my small business consultancy, I see this daily, per you owners and professionals struggling with the challenges of new markets and new competitors. Building belief is a never-ending effort, both in jump-starting a change journey, and in sustaining a long-term commitment. Marty Zwilling First published on Inc.com on 3/28/2023

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Startup Professionals Musings

JUNE 4, 2023

In the wake of recent struggles , the people you need and want are looking for a new human focus from their leaders and managers in today’s chaotic and competitive labor market. Recognition starts with a simple ‘thank you’ or ‘well done’ from you or a peer. Marty Zwilling First published on Inc.com on 05/21/2023

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