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7 Steps To Greater Satisfaction As A New Entrepreneur

Startup Professionals Musings

Unfortunately, from my own experience, it’s not that simple, and not doing some preparation first can easily result in stress, lack of satisfaction, and a hard road to success. In my view, practical business courses in school are better than an advanced degree or MBA. You can win as a team. Join an existing startup for a reality check.

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Are we managing like JERKS?

Berkonomics

Of course, it may be appropriate to explain your reasoning, or ask what part of the instruction is confusing. Will the requested outcome advance any of your goals – or just provide an increment of satisfaction? We’d never like to think so, or we wouldn’t do it in the first place. Here’s a clue….

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How good a leader are you?

Berkonomics

We can invent lots of metrics to measure progress for a leader, including revenue, profit, employee satisfaction, cost containment, percentage of available market, and more. But there is one overwhelming method of appraising the effectiveness of a business leader. What is your leadership end game goal?

Resource 156
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6 Keys To A Winning Business Model For Your Customers

Startup Professionals Musings

Proof of any business model starts with a finished product or solution, sold to a new customer for full price, with high satisfaction for the value received. Of course, that has be a repeatable event, with enough revenue to sustain the business.

Customer 109
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7 Startup Costs That You Assume With Outside Funding

Startup Professionals Musings

Of course, this can be positive if you really need the help and experience in making key decisions. Pivoting early brings satisfaction and saves money and time, except when you don’t pivot due to investor evidence required, and the pain of explaining your mistakes. Many times friends and family have been broken by failed investments.

Funding 107
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5 Startup Funding Models That Depend On The Consumer

Startup Professionals Musings

The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return. Of course, there are thousands of other companies that don’t achieve their minimum goal, requiring all contributions to be returned. Product pre-order model. Donation good-cause model. Interest on debt model.

Funding 141
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7 Strategies To Solve Your Business Problems Faster

Startup Professionals Musings

Each of these will help you in achieving success and satisfaction while tackling your toughest business issues: Stop attacking symptoms – dig first for the root cause. A broken process or a subtle quality issue can generate a flood of customer satisfaction problems, cost overruns, and loss of market share. Then pick the best one.