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6 Mistakes Often Made By Entrepreneurs Due To Passion

Startup Professionals Musings

As an entrepreneur mentor and startup investor, I see with sadness the 50 to 90 percent that fail. Every business, young or old, needs to avoid the following six mistakes that he outlines: Anticipating success based on the recent past. But I’m not convinced that it’s as simple as that. Just ask MySpace, eToys, and Pets.com.

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5 Early Entrepreneur Strengths That Can Limit Growth

Startup Professionals Musings

Many years ago, John Hamm published some definitive work on this subject in " Why Entrepreneurs Don't Scale " in the Harvard Business Review. This is generally a required quality for a successful entrepreneur, but it can turn into an unhealthy stubbornness during the scaling stage. Tactical versus strategic.

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Sharpen your business vision!

Berkonomics

Of course, you have a vision for what you will do to change the world. First, if your vision is limited and you will be happy with a successful local dry-cleaning enterprise or small restaurant around the corner, you are not the target for this epic effort to help entrepreneurs build great businesses that do change the world.

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How To Change The Course Of Your Business Gracefully

Startup Professionals Musings

In all cases, it’s more effective and less painful to do it as a planned process, rather than a crash course in survival. This is often the most difficult step, either due to startup passion, or due to past success and the instilled cultural norms of established companies. Carpenter, Gary F. Sherry, Jr., Reinvent the vision for change.

Course 85
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Is it YOU or your great plan?

Berkonomics

The quest for a great management team is not a fluke, but rather a result of backward looks at the failure rate from past investments by those same angel investors and venture capitalists. As a reminder of that conclusion: Great teams are flexible and have the advantage of experience in seeing the pitfalls before them from their past.

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

” It’s the most common refrain I hear from investors and even entrepreneurs these days. Over the past 4 years LA’s tech fundings have growing at a 30% compounded annual growth rate (CAGR) which is > 4 times the US average VC CAGR (7%). Of course that’s not disputable. acquired Overture for $1.63

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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. As noted in Startup Advice From College Dropouts , successful entrepreneurs are often poor students. Look For MBA Outliers.