Is your budget a forecast? When do you change mid-course?

Berkonomics

Many entrepreneurs are impatient by nature, not the best of detailed planners. Hold it! These are confusing terms. When does a budget become obsolete? Do we rely upon constant changes and call it a forecast? So, let’s spend a few moments defining this sometimes-confusing set of terms.

Course 263

The Best Entrepreneurs Are Hyper Competitive & Hate Losing

Both Sides of the Table

This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity.

One Book Every Entrepreneur Should Own

Both Sides of the Table

” I have long thought about and written about the personal toll that being an entrepreneur places on your life. These were amongst some of the most read blog posts I have written, which shows me that the stress, pressures and loneliness of being and entrepreneur resonates.

Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

He was a life-long entrepreneur and the first business he created out of college (actually, he founded it while he was at Caltech) was a company that manufactured high quality audio speakers. And now, of course, UberSocial, Bill’s latest project.

A Serial Entrepreneur’s Guide To Uncovering Awesome Startup Ideas

InfoChachkie

Seth is a design-oriented entrepreneur, with little desire to document details. In my UC Santa Barbara Entrepreneurial course, I require the students to submit a venture idea every week. Competition – which competitors will prove to be the most formidable? Entrepreneur Video

Ideas 274

Why Entrepreneurs Should Be Respected More Than Loved

Both Sides of the Table

You course correct. If you hire truly talented people you end up definitionally with a lot of competitive peers who will inevitably jockey for resources and control. Extremely talented people are ultra competitive. Marketing of course often feels the opposite. In my experience entrepreneurs too worried about being loved make poor decisions and thus poor leaders. Entrepreneurs should care more about respect.

Want To Trip Out? This Entrepreneur Can Hook You Up

InfoChachkie

In fact, for the past 27-years, he has specialized in bringing exotic travel destinations to those of us who are healthy and active but whose competitive sporting days are long behind us. If you could share one startup lesson with a young entrepreneur, what would it be?

Startup Children – How To Parent An Entrepreneur (Part IV) - Nothing Ventured, Nothing Gained

InfoChachkie

Amarillo’s advice is consistent with my comments in the Startup Competition ; get to know your competitors on a personal basis, while appearing as innocuous as possible. Be vigilant and keep your eyes on your competition, especially when they are dealt their hands.

Non-millennial Bootstrapping – These 50-Something Entrepreneurs Rejected VC $ And Nailed It

InfoChachkie

Without taking a dime of outside capital, the company has achieved impressive success in a competitive, SaaS market segment, landing companies such as Nike, Intuit, NASA, AutoDesk and PBS. What advice you can offer entrepreneurs validating their new products? Of course there are risks.

ConTraps Part III – Contract Traps Entrepreneurs Should Avoid At All Costs

InfoChachkie

This series describes how entrepreneurs can craft company-changing agreements with BDCs, while avoiding Kiss of Death contract provisions. In Part II of this series, I suggest that entrepreneurs seek agreements in which “what is good for the goose is good for the gander.”

Startup Children – How To Parent An Entrepreneur (Part III) - Board Games Can Teach Children Negotiating And Risk Taking Skills

InfoChachkie

Along with Dr. Seuss’ Green Eggs and Ham and Marcia Brown’s Stone Soup , the seemingly innocuous board game Monopoly has played a pivotal role in the edification of several generations of entrepreneurs. Just like in Monopoly, if this contract is broken, the entrepreneur can be thrown in jail.

Create An Industry Alliance Entrepreneurs: Need Friends On The Startup Playground

InfoChachkie

Entrepreneurs can emulate de la Guerra’s strategy and make their adVenture appear far larger than reality and thus increasing its influence and market reach while discouraging competitive threats by creating an industry alliance.

The Yo-Yo Life of a Tech Entrepreneur – A Cautionary Tale

Both Sides of the Table

TechCrunch Europe ran an article in November of last year that European startups need to work as hard as those in Silicon Valley and I echoed the sentiment in my post about the need for entrepreneurs to be maniacal about their businesses if one wants to work in the hyper competitive tech world.

Paving The Way For Future Women Entrepreneurs | Technovation LA Pitch Night

Tech Zulu Event

At the Technovation Challenge LA Pitch Night hosted by Iridescent , we saw six teams of high school girls from various Los Angeles City Schools pitch a number of mobile app ideas to a panel of venture capitalists and entrepreneurs. Seek out similar academic competitions and programs.

Boy! If I had only learned this before spending a million!

Berkonomics

Know your market and competition, or don’t spend a dime on anything else. The phone could be used for receiving incoming calls when in the restaurant, on the golf course or anywhere. In this case, the competition was not from a company but a new technology.

Interview: Kevin O’Connor of FindTheBest

InfoChachkie

Pull Quote: “If you are smart, competitive, hard working and passionate about what you do you will have the best experience of your life. With that said, what books, blogs or other resources do you recommend for emerging entrepreneurs? Entrepreneur Interview The Fringe

Catching Up With Eli Portnoy, Sense360

socalTECH

Portnoy is a serial entrepreneur, having previously founded ThinkNear, a startup which went from the Techstars startup accelerator to an exit in only 14 months. The hypothesis was, companies are in an extremely competitive environment, and it doesn't matter what company or industry they are in, it's been one of the most competitive environments we've seen in a long time. That competitiveness is driving companies to make better decisions.

Nine Startup Tips From Michael Dell

InfoChachkie

For many entrepreneurs, college has little appeal. Academia's arbitrary, bureaucratic structure, combined with its predominant focus on theoretical issues, causes many entrepreneurs to depart college early. Curiosity is a common trait among serial entrepreneurs.

Tips 257

Los Angeles Hosts the Oscars and the Tech.Co Startup Showcase

Tech.Co

Several startups have been selected to demo their products for other founders and entrepreneurs. Startup of the Year competition, which will be held in San Jose, CA during the Innovate! This year, we’ve partnered with the Consumer Technology Association (CTA) – which produces the CES – for the global conference that will bring together tech leaders, influencers, investors, and of course, early-stage startup companies.

Ten Startup Tips From Steve Jobs

InfoChachkie

In the course of my recent interview with Guy Kawasaki , author and former Apple Evangelist, Guy describes Steve Jobs as: “… the world’s greatest CEO, ever. I gathered ten such examples which are particularly relevant to entrepreneurs. Corporate Culture Entrepreneur

Tips 285

What’s the minimum information to give your investors?

Berkonomics

And most of us investors are frustrated by the lack of regular communication – unless of course – the company needs more money. On the other side, entrepreneurs and CEO’s usually have a natural fear of giving too much information to us investors after the initial investment is received.

Class 156

Interview: Kevin O’Connor of FindTheBest

InfoChachkie

With that said, what books, blogs or other resources do you recommend for emerging entrepreneurs? Hmmm, I actually don’t read other entrepreneurial books or blogs – except infoChachkie of course [Editor’s Note: Kevin is clearly full of it here!]. Entrepreneur Interview The Fringe

IBM 233

Hands-on Techniques To Avoid Hiring Wantrepreneurs

InfoChachkie

They profess to be entrepreneurs, but are they actually Wantrepreneurs? A Wantrepreneur is a well-intentioned person who wants to be an entrepreneur, but does not have the skills, personality and or risk profile to be successful. Did you play any team or individual sports competitively?

Sample 233

Should Startups Announce Their Funding?

Both Sides of the Table

Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. Entrepreneur Advice

Can you overcome five risks and create wealth?

Berkonomics

Of course, we are speaking of increased valuation of your company when we speak of “wealth.” Especially if you are in the early stage of growing a business, these five risks can and often do derail entrepreneurs before realizing the riches of a great exit. And fifth: Competitive risk.

WhiteFox Defense: Solving The Drone Incursion Problem, with Luke Fox

socalTECH

Those airport drone incursions shut down Gatwick over the course of three days, which caused major delays at Heathrow and Newark. The last fundraising we did was use to prove out our technology, and weve now had head-to-head competition with our competitors and others in the space to prove out our technology, our unique capabilities, and our unique approach to solving this problem. startup airport aviation security entrepreneur interview aerospace drone defense whitefox luke

Entrepreneurship: Nature vs. Nurture? A Religious Debate

Both Sides of the Table

In my bones I’m convinced that entrepreneurs are more nature than nurture although I know both are involved. I have recently written extensively on what I believe the 12 characteristics of an entrepreneur are. Of course I don’t believe this argument.

Some People Are Indispensable, But No One Is Irreplaceable

InfoChachkie

As such, you are likely better off allowing your competition to hire the Reggie Jacksons of the startup world and focus your efforts on recruiting high performing, low maintenance teammates, like Cal Ripkin. _. Tags: Entrepreneur Team Building The Fringe

How Do You Reference Check a VC?

Both Sides of the Table

First, I would say that most entrepreneurs do almost no reference checks or at least do them very informally. For some reason most entrepreneurs do. I always tell entrepreneurs, “in good times of course everybody loves their VC.

Intellectual Property – Worthless To A Startup, Priceless To A Big Dumb Company

InfoChachkie

Patents held by startups generally have a limited ability to reduce competition. This is especially important when your patent addresses an emerging technology that significantly changes during the course of the typical, multi-year review. .

UnVenture Capitalists: Seek Investors Aligned With Your Interests, Not Their Egos

InfoChachkie

When evaluating a potential Institutional Investor, entrepreneurs should consider what they are not , as much as what they are. Company Friendly – Seek investors who demonstrate with their actions, and not solely their words, an entrepreneur-centric approach.

Oracle 179

With Greathouse Comes Great Responsibility

InfoChachkie

Design together, the course that introduced the idea for brightblu, they were concurrently taking three other classes: Entrepreneurship, Entrepreneurial Marketing and Art of the CEO. Every aspect of his course was aimed at preparing his students to build, execute and run their own business.

Class 244

UnVenture Capitalists: Seek Investors Aligned With Your Interests, Not Their Egos

InfoChachkie

When evaluating a potential Institutional Investor, entrepreneurs should consider what they are not , as much as what they are. Company Friendly – Seek investors who demonstrate with their actions, and not solely their words, an entrepreneur-centric approach.

Time is the Enemy of All Deals

Both Sides of the Table

A reminder that it is important for all entrepreneurs is to remember to be careful about “deal drift.” We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms.

How to Work with Lawyers at a Startup

Both Sides of the Table

I recently read a post over on VentureHacks titled, “ Top Ten Reasons Entrepreneurs Hate Lawyers &# written by Scott Walker (who blogs on legal issues for entrepreneurs ). Oh, they didn’t cover that in your Stanford CS course? But make it competitive.