Startup Professionals Musings

OCTOBER 21, 2022

One of the quickest ways to become an entrepreneur these days is to develop and publish a smartphone app. The price of entry can be less than $10,000, so the competition is huge and growing rapidly. Yet according to other statistics, vanishing few of these ever generate a significant profit.

Develop 138

Develop Development Platform Mobile 138

Startup Professionals Musings

SEPTEMBER 24, 2014

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Real contracts, testimonials, and even statements of intent are much more effective, if not real revenue and growth statistics.

Entrepreneur 119

Entrepreneur Technical Review Statistics Startup 119

Startup Professionals Musings

AUGUST 19, 2022

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Almost any startup can start with Excel, and move to open-source data analysis tools, including Python or RStudio.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Startup Professionals Musings

JANUARY 4, 2015

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Check competitor numbers and industry average statistics to get you in the right range. entrepreneur financial forecast investor startup'

Entrepreneur 102

Entrepreneur Startup Pricing Sales 102

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. That’s not an attractive statistic if you crave control and power. business dilemma entrepreneur founder Noam Wasserman'

Entrepreneur 107

Entrepreneur Statistics Equity Satisfaction 107

Startup Professionals Musings

AUGUST 23, 2023

Every business owner and entrepreneur like you I work with wishes they could better predict product demand and sales, for managing inventory and long-term business planning. Key strategic factors for every business should include profits, growth, and competition. Use statistical tools often to validate your assumptions.

Metrics 81

Metrics Demand Statistics Sample 81

Startup Professionals Musings

AUGUST 15, 2022

As an entrepreneur, what steps can you take to help your business not only survive the data hurricane, but to thrive under these new and challenging conditions? Startups should seek to continually improve performance through statistical analysis and predictive monitoring. Quantification: big data, bigger results, and controls.

Startup 126

Startup Social Media Entertainment Metrics 126

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. That’s not an attractive statistic if you crave control and power. Marty Zwilling.

Startup 130

Startup USC Entrepreneur Statistics 130

Startup Professionals Musings

JULY 14, 2013

Making the decision to become an entrepreneur is a major commitment, with huge implications for skills and lifestyle. Therefore, the least you can do is take advantage of some of the self-assessment tools and guides around, like “ The Entrepreneur Equation ,” by Carol Roth, which highlights personal characteristics and skills required.

Entrepreneur 114

Entrepreneur Startup Statistics Guide 114

Startup Professionals Musings

FEBRUARY 5, 2021

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Check competitor numbers and industry average statistics to get you in the right range. Calculate investment amounts and timing.

Startup 147

Startup Pricing Sales Statistics 147

Startup Professionals Musings

DECEMBER 18, 2022

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Real contracts, testimonials, and even statements of intent are much more effective, if not real revenue and growth statistics.

Technical Review 109

Technical Review Startup Statistics Social Media 109

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. That’s not an attractive statistic if you crave control and power. The dilemma is that these goals are usually mutually exclusive.

Entrepreneur 57

Entrepreneur USC Statistics Equity 57

Startup Professionals Musings

OCTOBER 1, 2012

Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. Every young entrepreneur knows implicitly that startup success is a long hard road. Statistics show that the failure rate for new startups within the first 5 years is as high as 50 percent. Execution skills are weak.

Entrepreneur 109

Entrepreneur Ideas Resource Statistics 109

Startup Professionals Musings

JANUARY 11, 2014

The solution is to establish and maintain a culture and processes that don’t view change as a discrete event to be spotted and managed, but as an ongoing opportunity to improve competitiveness. If your people and your startup do not change, statistics say you won’t survive. business change rate comfort zone entrepreneur startup'

Entrepreneur 110

Entrepreneur Startup Training Statistics 110

Startup Professionals Musings

NOVEMBER 13, 2020

Many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Write all goals in the future tense, be as specific as possible, and make an effort to raise each goal one level higher to set you above your competition.

Ideas 121

Ideas Writing Startup Entrepreneur 121

Startup Professionals Musings

APRIL 16, 2023

Nearly $50 billion is being spent annually on direct mail, according to statistics , and the amount has been increasing each year. Some consider direct mail very expensive or dead as a lead-generation tool. Yet it is more alive than ever before. Cold calling.

Marketing 114

Marketing Invest Social Media SEM 114

Startup Professionals Musings

JANUARY 9, 2022

Start by reviewing current statistics, like the recent Social Media Marketing Benchmark Report 2022 , to learn which social media sites are most popular, which features drive the most impact today, and how other social media marketers have maximized their efforts and seen the greatest ROI. Marty Zwilling.

Social Media 135

Social Media Framework Media Metrics 135

Both Sides of the Table

FEBRUARY 27, 2010

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. Entrepreneurs aren’t born, they’re made.&# The data in this article is at best, a stretch. from a young age.

Startup 289

Startup Statistics Entrepreneur Study 289

Startup Professionals Musings

MARCH 22, 2012

Statistics also show that building loyalty and retaining current customers is 3 to 10 times cheaper than acquiring new customers. As your business grows, it’s easy to lose your focus on customer service, or take away the empowerment and accountability of key personnel. Customers say it takes ten good experiences to make up for one bad one.

Customer 104

Customer Custom Startup Competition 104

Startup Professionals Musings

MARCH 21, 2020

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Real contracts, testimonials, and even statements of intent are much more effective, if not real revenue and growth statistics.

Technical Review 124

Technical Review Statistics Startup Social Media 124

Startup Professionals Musings

JANUARY 24, 2020

One of the quickest ways to become an entrepreneur these days is to develop and publish a smartphone app. The price of entry can be less than $10,000, so the competition is huge and growing rapidly. Yet according to other statistics, vanishing few of these ever generate a significant profit.

Mobile 126

Mobile Develop Development Platform 126

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

NOVEMBER 15, 2019

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Almost any startup can start with Excel, and move to open-source data analysis tools, including Python or RStudio.

Metrics 98

Metrics Tool Statistics Entrepreneur 98

TechCrunch LA

SEPTEMBER 7, 2021

In today’s highly competitive ad environment, both content and data are kings. DTC entrepreneurs are more focused on immediate impact, because if they’re not selling product, there’s no large brand propping them up. If the entrepreneur has trouble answering this, it’s not going to work. The key takeaway?

Commerce 211

Commerce Content Marketing Startup 211

Startup Professionals Musings

JULY 20, 2020

Nearly $50 billion is being spent annually on direct mail, according to statistics , and the amount has been increasing each year. Some consider direct mail very expensive or dead as a lead-generation tool. Yet it is more alive than ever before. Cold calling.

Customer 146

Customer Custom Marketing Startup 146

Startup Professionals Musings

NOVEMBER 11, 2019

As an entrepreneur, what steps can you take to help your business not only survive the data hurricane, but to thrive under these new and challenging conditions? Startups should seek to continually improve performance through statistical analysis and predictive monitoring. Quantification: big data, bigger results, and controls.

Technology 97

Technology Social Media Startup Entertainment 97

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. That’s not an attractive statistic if you crave control and power. Marty Zwilling.

Startup 97

Startup USC Entrepreneur Statistics 97

Startup Professionals Musings

JUNE 28, 2019

These things are clearly good for morale, but its not so clear that they translate into a competitive advantage. Feelings are known to statistically produce the biggest impact on future performance, as well as morale. They are still looking for key leadership feedback that culture is driving their business.

Competition 76

Competition Coach Case Study Statistics 76

Startup Professionals Musings

DECEMBER 14, 2016

Too many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Most entrepreneurs work hard, but many don’t follow up often to check for completion. The best entrepreneurs finish something every day.

Writing 100

Writing Ideas Startup Entrepreneur 100

Startup Professionals Musings

JUNE 3, 2016

According to recent statistics from the International Business Innovation Association ( InBIA ), there are about 7,000 business incubators and accelerators worldwide, with over 90 percent being non-profit and focused on incubator programs for community economic development. The process is often competitive and very difficult.

Incubator 58

Incubator Startup Seed Funding Equity 58

Startup Professionals Musings

DECEMBER 11, 2017

As an angel investor and business advisor on new ventures, I expect to see five-year financial projections from every entrepreneur. Does this entrepreneur understand the basics of business costs in the selected business domain, growth dynamics, and the competitive environment? Set a target growth and market penetration rate.

Pricing 57

Pricing Startup Entrepreneur Invest 57

Startup Professionals Musings

NOVEMBER 8, 2015

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Real contracts, testimonials, and even statements of intent are much more effective, if not real revenue and growth statistics.

Technical Review 109

Technical Review Entrepreneur Startup Statistics 109

Startup Professionals Musings

MAY 31, 2015

As an entrepreneur, what steps can you take to help your business not only survive the data hurricane, but to thrive under these new and challenging conditions? Startups should seek to continually improve performance through statistical analysis and predictive monitoring. Quantification: big data, bigger results, and controls.

Startup 106

Startup Social Media Entertainment Metrics 106

Startup Professionals Musings

JANUARY 11, 2016

I meet many entrepreneurs with a real passion for their new idea, but unfortunately they don’t all realize that passion is necessary but not sufficient fuel to turn their idea into a successful business. Labor Statistics data suggests that half of the ones actually started are gone in five years. And he is an optimist.

Startup 62

Startup Ideas Entrepreneur Statistics 62

Startup Professionals Musings

MARCH 18, 2019

As an advisor to entrepreneurs for many years, I strongly disagree, and still see the value of at least combining intuition with logical analysis, as we face customers and markets driven by relationships, emotions, and unpredictable social trends. The venerable Steve Jobs was reportedly in the same category.

Examples 81

Examples Tool Statistics Tips 81

Startup Professionals Musings

DECEMBER 10, 2017

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Almost any startup can start with Excel, and move to open-source data analysis tools, including Python or RStudio.

Tool 53

Tool Entrepreneur Statistics Metrics 53

Startup Professionals Musings

NOVEMBER 11, 2013

Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. Every young entrepreneur knows implicitly that startup success is a long hard road. Statistics show that the failure rate for new startups within the first 5 years is higher than 50 percent. No intellectual property.

Startup 100

Startup Ideas Entrepreneur Resource 100