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Wow! Are your relationships important!

Berkonomics

Of course, the response depends upon lots of variables, including whether the company is in a fund-raising mode (in which case the CEO may be spending up to 80% of their time on this alone). How much time do you devote to each type of activity?

Class 194
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7 Ways Academic Connections Can Assist A New Venture

Startup Professionals Musings

An underutilized, but valuable resource, every startup should investigate is a formal or informal connection to your alma mater, including any local university. Every university has entrepreneurial courses or evening classes that can provide assistance on creating your initial plan. Business plan assistance. Building a team.

Incubator 172
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Why Great Executives Avoid Shiny Objects

Both Sides of the Table

Only those with maniacal focus on results and a willingness not to engage in every activity achieve extraordinary results. We are over-intro’d and at the same time under-resourced in terms of staff to handle the barrage of in-bound requests. I think of activities as a funnel.

Activity 297
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This is How Startups “Level Up” After Raising Money

Both Sides of the Table

Moving from a company that had less resources (and presumably by the time their raising depleted resources) to a company with newfound resources can be telling. I have seen many companies raise their first $3 million and still act like a company that has no resources at all. You can do them all yourself, of course.

Startup 381
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8 Keys To Innovation And Responding To Market Change

Startup Professionals Musings

As I “grew up” in business in big companies, including IBM, I always wondered why the real innovations seemed to come from startups, while we had more resources and more experience. Of course, you have to propose solutions, request funding, and marshal peer support for credibility. Look outside for future trends and potential.

Marketing 117
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7 Steps To Greater Satisfaction As A New Entrepreneur

Startup Professionals Musings

In my view, practical business courses in school are better than an advanced degree or MBA. Of course, working for a startup is not like running one, but it will give you a feel for the lifestyle implications, the mindset required, and how things look from the inside out. Actively share info with entrepreneur peers.

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Keep A Real Job Until Your New Venture Shows Traction

Startup Professionals Musings

Some of you are so committed to the new passion that you quit your day job early, and dedicate all your time and resources to the new venture. Of course, you might be able to pay yourself a salary from the investment, but this will be minimal and critically watched. Which is right? Multitasking is the norm for everyone these days.

Startup 153