Startup Professionals Musings

SEPTEMBER 16, 2023

The rate of new entrepreneurs increased between 2013 and 2021, from 280 to 360 out of 100,000 of the adult population. Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever.

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Startup Professionals Musings

AUGUST 11, 2021

Most of you aspiring entrepreneurs probably have long searched for that special idea that will catapult you and your startup to success. That takes focus, resolve, resources, and problem solving to make it happen. True entrepreneurs are born, not made. Every inventor is an entrepreneur by default.

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Both Sides of the Table

NOVEMBER 16, 2014

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. Marketing of course often feels the opposite. Resource allocation is hard at a startup precisely because you have limited resources. More developers?

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TechCrunch LA

DECEMBER 17, 2020

While the business didn’t work out, it put the budding young entrepreneur (and college dropout) on a path that would lead him to launch the Los Angeles-based startup Bambee , a company that lets small businesses give their employees access to the same kinds of human resources services that large companies have.

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Startup Professionals Musings

JULY 6, 2020

One of the simplest questions I get from aspiring entrepreneurs, and ironically one of the hardest, is “How do I start?” They just aren’t prepared for the life they want, and are really asking me how to learn to be an entrepreneur. It takes more than passion and a course on business basics. Learning doesn’t have to be all work.

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Berkonomics

JANUARY 20, 2022

Dave’s note: This is a reprint of a 2015 insight that seems to have struck a chord with investors and entrepreneurs. None of this advice has changed… Let me tell you a few short hair–raising stories of entrepreneurs who have raised money and regretted it later. The problem, of course, comes if the business fails.

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Startup Professionals Musings

SEPTEMBER 2, 2020

Out of curiosity, I often ask aspiring entrepreneurs like you, who come to me for help, what drives them to take on the workload and risk of a new startup. Of course, drivers have to be backed up by some realities, like necessary resources, adequate skills, relentless determination, and a market of people interested in supporting your dream.

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Startup Professionals Musings

FEBRUARY 17, 2021

With the appearance of do-it-yourself services on the Internet, entrepreneur curriculums at every university, and a wealth of new books on the subject, the need for expensive consultants and business advisors has also been mitigated. A programmer can build a new smartphone app for a few thousand dollars.

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Startup Professionals Musings

JUNE 3, 2020

Most of you aspiring entrepreneurs have new ideas on a regular basis, and find it hard deciding which to pursue, or try to tackle several at the same time. Good examples of initial focus by an entrepreneur would include Jeff Bezos when he started Amazon as an online marketplace for books only, and Elon Musk starting PayPal as an online bank.

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Startup Professionals Musings

FEBRUARY 5, 2020

As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer , I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. Too many entrepreneurs think that expert external advisors are suspect, or will slow them down.

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Startup Professionals Musings

MAY 29, 2021

An underutilized, but valuable resource, every startup should investigate is a formal or informal connection to your alma mater, including any local university. Here is a short list of the areas where you should be able to find help, whether you are a student or an independent entrepreneur: Exploring hot ideas. Building a team.

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Startup Professionals Musings

NOVEMBER 29, 2019

As a mentor to many aspiring entrepreneurs, I challenge them to think beyond what I call linear extensions to a current trend, such as another “easier-to-use” app for smartphones, a new dating site for pets, or another niche social network. Do you have the resources to build a business? Great social entrepreneurs are rare.

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Tech.Co

DECEMBER 15, 2017

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. Here are 4 location types and their benefits for you to consider. Cafe for Digital Nomads.

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InfoChachkie

AUGUST 26, 2013

This approach allows your venture to "fail in the small" and make course corrections before spending significant marketing resources. In concept, working in a secretive fashion facilitatesquietly locking-in key industry stakeholders and resources, allowing the company to emerge from stealth mode with a significant first-move advantage.

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Startup Professionals Musings

JUNE 13, 2020

Too many entrepreneurs tell me they are looking for an investor, and can’t differentiate between venture capital (VC) investors versus accredited angel investors. Angels are more likely to fund new entrepreneurs, and early-stage or seed rounds, while VCs tend to focus on entrepreneurs with a successful track record, and later stage rounds.

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Berkonomics

MAY 25, 2023

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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Startup Professionals Musings

JULY 1, 2020

Every entrepreneur I know finds it a challenge to balance the joys of entrepreneurship against a set of frustrations they never anticipated. Of course, most of you expect that raising money will be difficult, as well as staving off competitors, and handling that occasional toxic customer.

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Startup Professionals Musings

FEBRUARY 20, 2023

Thus smart business professionals are rapidly becoming the new entrepreneurs. Of course, entrepreneurs delivering services have existed for some time, including business consultant, independent contractor, and freelancer titles. For existing trained professionals, it’s an opportunity to become an entrepreneur.

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Startup Professionals Musings

APRIL 2, 2023

One of the simplest questions I get from aspiring entrepreneurs, and ironically one of the hardest, is “How do I start?” They just aren’t prepared for the life they want, and are really asking me how to learn to be an entrepreneur. It takes more than passion and a course on business basics. Learning doesn’t have to be all work.

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Startup Professionals Musings

JULY 8, 2023

Entrepreneurs who search for real pain points, and build solutions around them, have the best chance of changing the world. As an alternative, if you are an entrepreneur looking for the next big thing, where should you look? Of course, there are caveats to every opportunity. That’s the great thing about being an entrepreneur.

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Startup Professionals Musings

NOVEMBER 17, 2019

Traditionally, the majority of entrepreneurs have been logical thinkers, problem solvers, with full attention to details. Of course, the best solution would be a new wave of so-called whole-brain thinkers, but this term is usually reserved for Einstein and Picasso, and no entrepreneurs that I can name.

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Startup Professionals Musings

MAY 24, 2020

Thus smart business professionals are rapidly becoming the new entrepreneurs. Of course, entrepreneurs delivering services have existed for some time, including business consultant, independent contractor, and freelancer titles. For existing trained professionals, it’s an opportunity to become an entrepreneur.

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Startup Professionals Musings

JULY 5, 2023

Some entrepreneurs start polling venture capitalists for that multi-million-dollar investment before they even have a business plan. Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). Don’t waste your resources on the wrong ones.

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Startup Professionals Musings

DECEMBER 18, 2012

Zigging and zagging amongst the obstacles is the fun part of being an entrepreneur, and it’s what sets you apart from the average worker who knows exactly what he or she has to do every day to get paid. There are certain foundational elements that every entrepreneur must build on to succeed, as well as some critical tools we all need.

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Startup Professionals Musings

APRIL 15, 2015

Thus smart business professionals are rapidly becoming the new entrepreneurs. Of course, entrepreneurs delivering services have existed for some time, including business consultant, independent contractor, and freelancer titles. For existing trained professionals, it’s an opportunity to become an entrepreneur.

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InfoChachkie

OCTOBER 27, 2011

However, such early hires should be Bank Robbers with the innate qualities that will allow them to resolve challenges with minimal resources. As made clear in Optimistically Pessimistic , most entrepreneurs’ experiences are not linear. As made clear in Optimistically Pessimistic , most entrepreneurs’ experiences are not linear.

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Startup Professionals Musings

JULY 12, 2015

One of the simplest questions I get from aspiring entrepreneurs, and ironically one of the hardest, is “How do I start?” They just aren’t prepared for the life they want, and are really asking me how to learn to be an entrepreneur. It takes more than passion and a course on business basics. Learning doesn’t have to be all work.

Entrepreneur 112

Entrepreneur Startup Education Tool 112

Startup Professionals Musings

APRIL 5, 2021

Every entrepreneur wants to know how they can improve their odds on the road to success, and why some entrepreneurs seem to be able to squeeze success out of even a marginal business case. Every existing and budding entrepreneur should internalize these reality principles: Ready yourself as a founder.

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Both Sides of the Table

AUGUST 20, 2013

” It is one of the easiest pieces of advice to give as it is almost always valuable if entrepreneurs follow it as a guideline. In due course. In the absence of conviction, experience or pain-in-the-ass board members it’s easy to veer off course. Yet sadly most startups have “shiny object” obsessions.

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Startup Professionals Musings

MAY 16, 2012

Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). Don’t waste your resources on the wrong ones.

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Startup Professionals Musings

SEPTEMBER 22, 2021

Unfortunately, most of us don’t have enough resources to bootstrap our own startups, so we are completely dependent on investors to help turn great ideas into great businesses. Of course, you need to show how your business will make money and provide an impressive investor return, but that should be only the beginning.

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Ideas Entrepreneur Equity Resource 140

Berkonomics

AUGUST 13, 2020

In fact, many angel investors or venture capitalists look for and respect the lessons learned by entrepreneurs that have survived a failed business. The key question is: Why did an entrepreneur fail? A successful entrepreneur who has seen the movie before is even more valued. You will have “seen the movie before”.

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Startup Professionals Musings

SEPTEMBER 26, 2018

One of the big decisions every aspiring entrepreneur has to make is when to quit your current job to devote yourself fulltime to your new startup. Some of you are so committed to the new passion that you quit your day job early, and dedicate all your time and resources to the new venture. And investors are hard to find in these years.

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Startup Professionals Musings

OCTOBER 17, 2020

Entrepreneurs who search for real pain points, and build solutions around them, have the best chance of changing the world. As an alternative, if you are an entrepreneur looking for the next big thing, where should you look? Of course, there are caveats to every opportunity. That’s the great thing about being an entrepreneur.

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Customer Custom Startup Outsource Development 167

Startup Professionals Musings

MARCH 4, 2023

I recommend that every entrepreneur and small business investigate and implement as many as possible of his seven new business force multipliers that I will paraphrase here: Information sharing through social media networks. We all have limited resources and time, and need the right force multipliers to leverage every single element of both.

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Startup Professionals Musings

JUNE 15, 2013

Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). Don’t waste your resources on the wrong ones.

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Startup Professionals Musings

JULY 14, 2014

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. For the rest of us, the following suggestions will help you survive the valley of death: Accumulate some resources before you start. Set expectations accordingly.

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