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7 Keys To Teaming With The Right Mentor For Success

Startup Professionals Musings

Why is it that only the most successful entrepreneurs , including Mark Zuckerberg, Bill Gates, and Richard Branson, admit to having a mentor and actually use them? Obviously, I’m a big fan of business mentors based on my own experience, since I have been at different times on both the contributing and receiving end of the relationship.

Mentor 95
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Praying to the God of Valuation

Both Sides of the Table

And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. In those years I learned to properly build product, price products, sell products and serve customers.

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8 Elements Of Ownership Thinking And Startup Success

Startup Professionals Musings

There are many components of an ownership thinking strategy, but here are some of the key ones from my own perspective, as a mentor and advisor to aspiring entrepreneurs and new business owners: Willing to take smart risks which lead to long-term growth. Use metrics and data to quantify progress and return.

Startup 111
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8 Startup Excesses Which Will Jeopardize The Business

Startup Professionals Musings

The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. Much has been written about this subject in the world of manufacturing, stemming primarily from the 1990’s work by Taiichi Ohno, called the Toyota Production System (“Lean”).

Startup 161
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9 Stages to Building a Robust And Rewarding Business

Startup Professionals Musings

Many of the entrepreneurs like you that I have met in my role as a business advisor are really product creators versus business creators, convinced that a great product will generate a great business. In most businesses, this means selling something, and proving that your product or service has value.

Metrics 140
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10 Tips To New Venture Leaders To Never Stop Learning

Startup Professionals Musings

Real business leadership requires continuous improvement, just like your products and processes. Based on my own experience in large and small businesses, as well as mentoring entrepreneurs, here is my list of behaviors which will keep you ahead of the pack: Focus on managing relationships more than tasks.

Tips 97
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Launchpad LA Receives VC Funding: $50,000 Per Startup

Both Sides of the Table

To give visibility to these companies to: Sources of funding (angels / VCs), business development partners, mentors who have themselves built successful companies, the press and potential employees to hire. One senior mentor to Launchpad LA recently said, “I got more out of Launchpad LA than I even put in.