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How To Find Support Resources For Your Startup Stage

Startup Professionals Musings

Don’t waste your resources on the wrong ones. The first step toward a business with any idea is to write it down, and build a business plan around it. The first step toward a business with any idea is to write it down, and build a business plan around it. If you need money now, is has to come from friends and family.

Resource 171
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Every Startup Goes Through Distinctive Funding Phases

Startup Professionals Musings

Don’t waste your resources on the wrong ones. The first step toward a business with any idea is to write it down, and build a business plan around it. The first step toward a business with any idea is to write it down, and build a business plan around it. If you need money now, is has to come from friends and family.

Startup 122
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7 Steps To Greater Satisfaction As A New Entrepreneur

Startup Professionals Musings

In my role as mentor to many of you aspiring entrepreneurs, I often find you convinced that all you need to start is a unique innovation or idea , and now you are ready to jump in with both feet and enjoy the ride. In my view, practical business courses in school are better than an advanced degree or MBA. You can win as a team.

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6 Practical Keys To Enhancing Your Business Acumen

Startup Professionals Musings

You don’t really understand a new idea, until you try to write it down and succinctly communicate it to peers and critics. Even the best have mentors they really use. A mentor is someone who will tell you what you need to hear, while friends and associates often tell you what you want to hear.

Mentor 139
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7 Scenarios Where A Business Plan Is Still An Asset

Startup Professionals Musings

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans take too much time, are inaccurate, and rarely add value. In fact, they are probably in such a hurry to give you money that they don’t want you to waste time writing anything down and passing it along to new investors.

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7 Ways To Fail In Setting Up Your Board Of Directors

Startup Professionals Musings

High-performing startups today are the ones that use every resource at their disposal. Of course, if the board is set up or used incorrectly, the impact can indeed be more negative than positive. Board rules and governance policies should be articulated in writing and voted upon. Fail to establish adequate structure.

Startup 145
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This is How Startups “Level Up” After Raising Money

Both Sides of the Table

If you’re an early investor like I am that often means writing the first $2-3 million check into a business that previously had either survived on fumes or on a $500,000 angel round. I have seen many companies raise their first $3 million and still act like a company that has no resources at all. But at what cost?

Startup 381