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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

Take advantage of free startup programs and mentors. They provide peer group organizations, usually called incubators, with free resources, practice environments, and outside mentoring that can help you learn and pivot with minimal cost. School mentors, professors, and peers will give you the critical feedback without passing judgment.

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Mentor Secrets for Keeping Your Startup Alive

Startup Professionals Musings

Every startup mentor has his favorite list of basic strategies to avoid pitfalls, and I’m no exception. Start early by registering your company, and reserving the name as your website domain name. The patent process is far from perfect, but it’s a huge step ahead of no proprietary content. Create intellectual property.

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8 Potential Entrepreneur Assists From Your Alma Mater

Startup Professionals Musings

Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. These often lead to angel investors and venture capital investments later, or connections to local company venture funds for selected focus and technology areas.

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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. This culture is best maintained by every business leader at every stage of company maturity. It clearly takes focus to create and file a patent, but it will give you a tremendous advantage over “me too” competitors.

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9 Strategies For Implementing An Innovative Business

Startup Professionals Musings

Whether you are a business professional in a big company, or an entrepreneur with a startup, innovation is a key strategy. Many people believe that new ideas are the critical element of innovation, but in my experience as a mentor and investor, long-term business success is more about implementation than ideas.

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8 Ways Your Old School Can Energize Your New Venture

Startup Professionals Musings

Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. These often lead to angel investors and venture capital investments later, or connections to local company venture funds for selected focus and technology areas.

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