Berkonomics

OCTOBER 8, 2020

It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. Without a trace of how the business will get that one percent, the entrepreneur confidently shows that this is all it takes to make us all rich.

Company 156

Company Companies Metrics Resource 156

Startup Professionals Musings

DECEMBER 4, 2020

Every entrepreneur and business executive I know wants to emulate that boss, but most can’t even describe the attributes required. In my opinion, great examples in today’s entrepreneur world include Elon Musk (Tesla), Jeff Bezos (Amazon), and Richard Branson (Virgin Group). Measure by relationships as well as competitiveness.

Oracle 124

Oracle Organization Examples Coach 124

Startup Professionals Musings

MARCH 30, 2015

Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk. As an active Angel investor, I still hear entrepreneurs asserting large opportunities with minimal risk and no competition. Outside of dreams, there is no real business opportunity without risk. Operational.

Entrepreneur 103

Entrepreneur Startup Marketing Customer 103

Startup Professionals Musings

FEBRUARY 28, 2022

Many startups and entrepreneurs I advise still default to growing their business via the traditional top-down, order-taking culture. I’m convinced that you can’t stay competitive that way with today’s customers, and today’s employees. Don’t demand or assume immediate and certain answers.

Competition 116

Competition Organization Customer Custom 116

InfoChachkie

JUNE 4, 2012

As an entrepreneur, I helped create companies which achieved two IPOs and two trade sales totaling $385 million. Fallacy: Startup ventures tend to evolve, especially after you begin speaking with pesky customers and demanding partners. Thus, you have negotiating leverage as long as a legitimate, competitive threat exists.

Entrepreneur 272

Entrepreneur Outsource Ideas Technical Review 272

Startup Professionals Musings

DECEMBER 14, 2014

Most entrepreneurs struggle with many startup Founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. For example, is the person who starts a new trend likely to be the one who controls it through the growth phase? Marty Zwilling.

Entrepreneur 107

Entrepreneur Statistics Equity Satisfaction 107

Startup Professionals Musings

MAY 8, 2022

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. For example, is the person who starts a new trend likely to be the one who controls it through the growth phase?

Startup 130

Startup USC Entrepreneur Statistics 130

Startup Professionals Musings

DECEMBER 24, 2018

Most aspiring entrepreneurs are convinced that their idea and passion are so great that failure is not a possibility. For example, the personal motorized scooter Segway was announced as disruptive technology way back in 2002, but is still not a successful business. If there is no competition, there is likely not a market.

Startup 99

Startup Competition Examples Ideas 99

Berkonomics

DECEMBER 5, 2013

It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. Without a trace of how the business will get that one percent, the entrepreneur confidently shows that this is all it takes to make us all rich.

Metrics 239

Metrics Startup Marketing Demand 239

Startup Professionals Musings

OCTOBER 26, 2018

For example, consider how many years it took for the market to move from radio to television, or fully accept personal computers on every desktop. Steve Jobs proved it with the iPhone, and Elon Musk can’t produce his electric cars fast enough to keep up with demand. Use social media and the media to build demand for change.

Marketing 92

Marketing Demand Examples Social Media 92

InfoChachkie

OCTOBER 20, 2014

Want to be an entrepreneur? In addition, Entrepreneur Magazine recently included UCSB in its Top 50 Schools For VC Backed Entrepreneurs at number 37. The TMP is an example of lean academia. A version of this article previously appeared in Forbes. Don''t go to Wharton or Harvard. Organic Academia. Techpreneurs.

Santa Barbara 258

Santa Barbara Technical Review Startup Venture Capital 258

Startup Professionals Musings

APRIL 6, 2022

It seems like every entrepreneur and business owner I meet is highly focused on fast growth to a large business, and becoming the next unicorn. Most of you entrepreneurs have a passion for your solution, and some only see the business as a necessary burden. For example, a whole new level of communication skills is required.

Satisfaction 92

Satisfaction Training Customer Custom 92

Startup Professionals Musings

AUGUST 19, 2017

Most entrepreneurs struggle with many startup founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. For example, is the person who starts a new trend likely to be the one who controls it through the growth phase? Marty Zwilling.

Entrepreneur 57

Entrepreneur USC Statistics Equity 57

Startup Professionals Musings

JULY 31, 2019

After working in business at all levels, and consulting to entrepreneurs for years, I’m still surprised to see so many situations where things that should be easy are painful to customers, and lead to customers hating your business. For example, I recently picked up my phone to call a well-advertised local company for a TV repair.

Customer 83

Customer Custom Demand Examples 83

Startup Professionals Musings

AUGUST 5, 2012

A diligent entrepreneur should certainly work the important details for his or her startup, especially when it comes to assessing any negative fluctuations in the business. In his new book, “ Out-Executing the Competition ,” seasoned executive Irv Rothman provides tips to corporate executives on how to dig in and “get their fingernails dirty.”

Entrepreneur 94

Entrepreneur Startup Template Mentor 94

Startup Professionals Musings

FEBRUARY 24, 2020

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. Contract employees know they have to perform well or they will be quickly replaced.

Outsource 123

Outsource Startup Technical Review Training 123

Startup Professionals Musings

JULY 15, 2012

A related “red flag” in a business plan is a missing competitive analysis section, or a short paragraph that essentially says, “this product has no competition.” My reaction is, if there is no competition, then there is no market demand for your product, so why are you building it?

Entrepreneur 102

Entrepreneur Ideas Competition Startup 102

Startup Professionals Musings

MARCH 6, 2020

In my work with you as an entrepreneur or small business owner, I find that most understand the need try out new business models and product innovations, but trust their intuition rather than running a disciplined business experiment first. The pace of change to stay competitive in business today continues to increase.

Sample 124

Sample Customer Custom Tool 124

Startup Professionals Musings

OCTOBER 23, 2021

Some investors seem to focus wholly on the strengths of the management team, or a sustainable competitive advantage, and in reality these are the core attributes for every funding equation. Today’s ultracompetitive global environment demands that you make alliances early. The right partnership strategy can make a company relevant.

Education 151

Education Customer Custom Sales 151

Startup Professionals Musings

FEBRUARY 17, 2012

Every engineer who has invented some new technology, or is adept at creating solutions, believes that is the hard part, and it should be a short step to take that solution to market as an entrepreneur. Clearly, engineers should think twice before assuming they have an advantage over the rest of us toward being an entrepreneur.

Entrepreneur 104

Entrepreneur Oracle Customer Custom 104

Startup Professionals Musings

AUGUST 10, 2022

For example, I’m an introverted product guy who doesn’t care so much about building the personnel relationships needed to keep a motivated team. The competition will improve, the market will change, and your customers will demand more. If you do it right, you have a huge opportunity for long-term success.

Mentor 133

Mentor Startup Customer Custom 133

Startup Professionals Musings

SEPTEMBER 27, 2019

A theme I often hear from the entrepreneurs and startups I advise is that once they see that first surge of traction from customers, they can relax and enjoy life for a change. In today’s world of growing competition and customer evolution , holding your own, and growing to the next level is a constant challenge that can never be ignored.

Ideas 77

Ideas Customer Custom Competition 77

socalTECH

JUNE 2, 2014

Last month, Los Angeles Mayor Eric Garcetti created a new program, aimed at growing, assisting and sustaining entrepreneurs in Los Angeles. The new "Entrepreneur-in-Residence" program has appointed its first, two, EIRs--Krisztina "Z" Holly and Amir Tehrani.--both It''s not going to look like manufacturing as we knew it.

Los Angeles 216

Los Angeles Startup USC Angel 216

Startup Professionals Musings

MAY 26, 2019

Many startups and entrepreneurs I advise still default to growing their business via the traditional top-down, order-taking culture. I’m convinced that you can’t stay competitive that way with today’s customers, and today’s employees. Don’t demand or assume immediate and certain answers.

Competition 73

Competition Organization Customer Custom 73

InfoChachkie

MAY 19, 2011

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.” Get The Cheese With Your Neck Intact.

Outsource Development 193

Outsource Development IP Technical Review Entrepreneur 193

Both Sides of the Table

JANUARY 12, 2014

The starting point of product IS marketing, which is what a lot of young entrepreneurs that never studied business don’t realize. SEO / SEM are promotional techniques for marketing through the Google distribution channel, which have yielded huge benefits to many companies – Yelp being a prime example.

Marketing 379

Marketing Startup SEM SEO 379

Startup Professionals Musings

AUGUST 10, 2019

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. For example, is the person who starts a new trend likely to be the one who controls it through the growth phase?

Startup 97

Startup USC Entrepreneur Statistics 97

socalTECH

JANUARY 28, 2019

And example of that is an airport, someone flying contraband into a prison or over the border, or someone operating in airspace to cause disruption. Were completely sold out, and theres more demand than we can keep up with. Were able to remove that drone safely, without causing collateral damage that other techniques might create.

Startup 187

Startup Technical Review Technology Competition 187

Startup Professionals Musings

OCTOBER 22, 2017

Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk. As an active angel investor, I still hear entrepreneurs asserting large opportunities with minimal risk and no competition. Outside of dreams, there is no real business opportunity without risk. Operational.

Entrepreneur 68

Entrepreneur Marketing Customer Custom 68

Both Sides of the Table

MARCH 30, 2011

The part of the movement that resonates the most with me (in my words) is that entrepreneurs should keep their capital expenditures really low while they’re experimenting with their product and determining whether there is a large market for what they do. This benefits you, the entrepreneur. It takes options off of the table.

Development Team Review 374

Development Team Review Technical Review Startup Resource 374

Startup Professionals Musings

SEPTEMBER 9, 2013

A diligent entrepreneur should certainly work the important details for his or her startup, especially when it comes to assessing any negative fluctuations in the business. In his book, “ Out-Executing the Competition ,” seasoned executive Irv Rothman provides tips to corporate executives on how to dig in and “get their fingernails dirty.”

Startup 103

Startup Entrepreneur Template Mentor 103

Startup Professionals Musings

OCTOBER 8, 2018

As a long-time advisor to entrepreneurs and business owners, I rarely find someone who doesn’t proclaim that the business world is changing rapidly, with new technology, new customer expectations, and new cultures. It takes a well-rounded and motivated team to run a competitive business today.

Technical Review 84

Technical Review Customer Custom Startup 84

Startup Professionals Musings

JANUARY 17, 2014

Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive dream of a get-rich-quick scheme with no risk. As an active Angel investor, I still hear entrepreneurs asserting large opportunities with minimal risk or no competition. There is no real business opportunity without risk. Operational.

Entrepreneur 93

Entrepreneur Marketing Customer Custom 93

Startup Professionals Musings

APRIL 4, 2016

Every entrepreneur and business executive I know wants to emulate that boss, but most don’t can’t even describe the attributes required. In my opinion, great examples in today’s entrepreneur world include Elon Musk (Tesla), Jeff Bezos (Amazon), and Richard Branson (Virgin Group). Adapt the job or organization to fit the talent.

Oracle 53

Oracle Organization Entrepreneur Examples 53

Both Sides of the Table

FEBRUARY 17, 2011

This conversation seems to come up very frequently these days both with portfolio companies and with entrepreneurs just looking for mentorship. For many businesses you should keep your costs low & your capital raises low until you discover whether you are really on to a big idea where there is market demand. 25% dilution).

Help 303

Help Startup Competition Framework 303

socalTECH

SEPTEMBER 24, 2014

Ali Khoshgozaran: Before we started the company, me and my partner had participated in the USC Viterbi startup competition. About 100 teams participated in that competition, and 10 teams were selected to be part of USC''s Viterbi Startup Garage program. An example of that is the UCLA flood. How did Tilofy come about?

USC 236

USC Southern California Organization UCLA 236

Startup Professionals Musings

JANUARY 25, 2016

The bar is being raised, so every entrepreneur needs new initiatives just to stay in the ballgame. Some entrepreneurs are so focused on their technology, they assume their customers think the same way. Promote by example a superior customer experience mindset. Personally listen and interact with customers regularly.

Customer 55

Customer Custom Startup Coach 55