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

Berkonomics

Email readers, continue here…] Note that I used the term “forecast” for revenues for the next year. Many entrepreneurs are impatient by nature, not the best of detailed planners. Hold it! These are confusing terms. When does a budget become obsolete?

Course 263

How Digital Entrepreneurs Approach Startup Life

Tech.Co

Entrepreneurs have become more resourceful since the 80s, and your options are more diverse as well. The Instagram lifestyle may have inspired a slew of would-be entrepreneurs to merge work and travel as never done by previous generations.

Why Email May Be Draining Your Company’s Productivity

Both Sides of the Table

Email. Ah, email. I’ve taken to saying, “Email is our personal to-do list that anybody adds to – whether they know us or not.” I have taken to limiting my outbound email. Yet email seems to be an open invitation to anybody.

Email 360

Why Entrepreneurs Hate (Most) MBAs

InfoChachkie

Someone on Quora recently asked me to answer the following question: Why Do Digital Entrepreneurs Hate MBAs? Tech entrepreneurs' consternation with MBAs does not rise to the level of loathing. A version of this article previously appeared on Forbes.

The Entrepreneur Thesis

Both Sides of the Table

I call it the entrepreneur thesis. I’m not talk about the age old debate amongst investors whether you back entrepreneurs, markets or products (or as people like to hedge – product / market fit). It’s entrepreneurs I back. It’s what I call the “entrepreneur thesis.”

Should You Really be a Startup Entrepreneur?

Both Sides of the Table

One of the most common questions that entrepreneurs who meet me for the first time like to ask is, “Do you miss being an entrepreneur? On Being an Entrepreneur. The following is a short excerpt of what I said, “… being an entrepreneur is very unsexy.

7 Business Mistakes Serial Entrepreneurs Never Make (Twice)

InfoChachkie

As an entrepreneur, I helped create companies which achieved two IPOs and two trade sales totaling $385 million. Fallacy: An entrepreneur’s two most precious assets are time and money. What matters is how effectively you change course after each mishap.

Want To Trip Out? This Entrepreneur Can Hook You Up

InfoChachkie

If you could share one startup lesson with a young entrepreneur, what would it be? So I ask prospective new entrepreneurs, ''What is it specifically that you can bring to the industry?'' Travel, and the trust it requires, is too personal to rely solely on email and social media.

Entrepreneurs: Do it your way.

Berkonomics

A good entrepreneur-turned-CEO listens, takes it all in, responds with reason, and stands up for what s/he believes for the parts that matter most. Email readers, continue here.] Make your case for staying the course. Yes, this is a takeoff from Frank Sinatra’s song, where he did it his way and got away with it. You’re building a company from your vision and a passion, and lots of people are going to tell you that you have this or that wrong, and that it just won’t work.

Should You Really be a Startup Entrepreneur?

Both Sides of the Table

One of the most common questions that entrepreneurs who meet me for the first time like to ask is, “Do you miss being an entrepreneur? On Being an Entrepreneur. The following is a short excerpt of what I said, “… being an entrepreneur is very unsexy.

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.

Web 1.0 Entrepreneurs: we are roadkill unless we learn to run as fast as today’s founders.

Steve Reich

Oh, and did I mention that their users have mapped 35,000 courses in 127 countries? One of the founders wrote a Python script that sent out custom emails to a list they had developed. The emails were so tailored, that many merchants called back to thank them for the personal attention. Of course not. One of my friends, an Overture veteran and successful entrepreneur, raised the objection that these are all little “lightweight” apps and sites.

Could you have created a “dirty cap table?”

Berkonomics

Of course, that worked at the time. Investors love to see entrepreneurs who have used their own money to ignite their businesses. But often, entrepreneurs turn to others for initial capital. Oh, I know.

Invest 184

Entrepreneurshit. The Blog Post on What It’s Really Like.

Both Sides of the Table

It’s what life was like as an entrepreneur. But this is nothing like the stress of being an entrepreneur. What’s it really like being an entrepreneur? There is a difference between a Conference Ho and a successful entrepreneur. Of course I do!

Would you sign a personal guarantee if you have investors?

Berkonomics

It’s a fact of life that a banker, lender or lessor will ask for a personal guarantee from the founder or entrepreneur most every time. To most lenders, the guarantee is still a requirement, putting the entrepreneur in a position of additional risk that is not spread among the shareholders.

Risk, insanity, and the 50% startup rule

Berkonomics

After speaking with many entrepreneurs over the years, each defines success in his or her. Email readers, continue here…] The best advice to anyone considering this course of action is to measure one’s ability to take the risk.

Risk, insanity, and the 50% startup rule

Berkonomics

After speaking with many entrepreneurs over the years, each defines success in his or her. Email readers, continue here…] The best advice to anyone considering this course of action is to measure one’s ability to take the risk.

Straight Outta Twitter

Eric Greenspan

I was cool with this and we agreed that I would handle the site build out, site management, all customer facing responsibilities, all sales, marketing and operational aspects of the business except for our accounting of course. Entrepreneuring Ignite Me Think Big

You are watched, mostly when decisions are tough.

Berkonomics

If you have been in management or an entrepreneur long enough, you will have experienced the gray area of decision-making where ethics, the law, your needs and expediency all collide. friend who teaches a graduate course in entrepreneurism at a local university. Of course.

Course 248

Will your company’s sale be celebration or silence?

Berkonomics

The entrepreneur, whether remaining to the end as CEO or not, is celebrated for his or her prescient timing, great vision and excellent execution of the plan. Sometimes the entrepreneur who believe s/he has failed the investors apologizes.

Sales 170

Vision for your future success is EVERYTHING!

Berkonomics

Of course, you have a vision for what you will do to change the world. Email readers, continue here…] Think of some of the great visions from the past that did change the world. I love absolute statements. And this is one of my favorites.

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

Why Confidence is So Important in Fund Raising

Both Sides of the Table

I was recently with an entrepreneur and talking with him about his fund raising process. Note: If you enjoy my posts please subscribe to my newsletter by adding your email below. link] Another entrepreneur was recently in my office. Of course you have to be careful with this.

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.

A Startup’s Net Profit Score Is More Important Than Its Net Promoter Score

InfoChachkie

Rather than obsessing about an indirect gauge of customer satisfaction, entrepreneurs should focus on improving their Net Profit Score. A quick “No” is far more valuable to a busy entrepreneur than a nebulous NPS response of “five.”. Successful entrepreneurs Hope Less and shoot more. _.

.Net 194

Can you become a master negotiator?

Berkonomics

Email readers, continue here…] Over the years, I have been delegated by more than several entrepreneurs and boards to negotiate critical agreements, sometimes to sell the company or merge it with another. Think you don’t use negotiation most every day of your life?

Can you become a master negotiator?

Berkonomics

Email readers, continue here…] Over the years, I have been delegated by more than several entrepreneurs and boards to negotiate critical agreements, sometimes to sell the company or merge it with another. Think you don’t use negotiation most every day of your life?

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. Entrepreneur Team Building

Sample 225

What Can You Learn from the 4-Hour Workweek?

Both Sides of the Table

Of course when they get there those individuals are no longer young and after years of mental and physical atrophy they lack the ambitions to get these things done. Of course the 4-hour work week and DL plan is a gross over generalization and meant to be shocking.

Productivity Hacks: Voicemail, Folders & To-Do’s

Both Sides of the Table

Like you, I struggle to return everybody’s emails because I get too many. So I often try to stay off of email during the day. Of course if I’m not ensconced in deep, thoughtful work then by all means I answer the call.

The best advice startups will never follow

Berkonomics

Let me tell you a few short hair-raising stories of entrepreneurs who have raised money and regretted it later. Here are some rules that entrepreneurs almost always ignore to their future peril. The problem, of course, comes if the business fails.

Why Saying “Thank You&# Is Good Business

InfoChachkie

As discussed in Personal Pitch , entrepreneurs must cultivate the help of Donors during the early days of their adVenture. In most instances, the Donor’s compensation comes from the satisfaction of helping a fellow entrepreneur who is on the front end of her career.

A Startup’s Net Profit Score Is More Important Than Its Net Promoter Score

InfoChachkie

Rather than obsessing about an indirect gauge of customer satisfaction, entrepreneurs should focus on improving their Net Profit Score. A quick “No” is far more valuable to a busy entrepreneur than a nebulous NPS response of “five.”. Successful entrepreneurs Hope Less and shoot more. _.

.Net 184

One of My Most Frequent Pieces of Advice: Be Politely Persistent

Both Sides of the Table

One of the hardest things for most entrepreneurs to know is how hard to push in situations where people tell you “no.” ” But then again most entrepreneurs fail. And being persistent I believe is the most important attribute for success in an entrepreneur (assuming of course that you have all the other requisite skills). I’d say less than 20% of of entrepreneurs fit into that bucket. Of course I felt badly.

Email 326

Investors, your board, and you: Who controls strategy?

Berkonomics

A good entrepreneur-turned-CEO listens, takes it all in, responds with reason, and stands up for what s/he believes for the parts that matter most. How to respond to “change the course” suggestions. Make your case for staying the course.

Course 170