Startup Professionals Musings

JANUARY 24, 2021

For the elite startups and entrepreneurs who manage to attract the investor they dream of, and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. Due diligence always involves on-site visits, informal discussions with any or all members of the team, vendors, and good customers as well as bad.

Technical Review 151

Technical Review Startup Satisfaction Invest 151

Startup Professionals Musings

AUGUST 8, 2020

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. Many of the major business successes started this way. Many of the major business successes started this way.

Startup 157

Startup Social Media Study Research 157

Startup Professionals Musings

JULY 14, 2023

Every existing business, as well as every startup, needs to reassess their product or service in the context of these five forces: Intensity of competitive rivalry. Startups that target profitable and growing markets with high returns should realize that these will draw many new entrants. Bargaining power of customers.

Competition 88

Competition Startup Framework Pricing 88

Startup Professionals Musings

MAY 8, 2022

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. People may jump into the lifestyle to be their own boss, achieve great wealth, start a new trend, or all the above.

Startup 130

Startup USC Entrepreneur Statistics 130

Startup Professionals Musings

OCTOBER 24, 2020

Every existing business, as well as every startup, needs to reassess their product or service in the context of these five forces: Intensity of competitive rivalry. Startups that target profitable and growing markets with high returns should realize that these will draw many new entrants. Bargaining power of customers.

Competition 151

Competition Startup Framework Pricing 151

Startup Professionals Musings

MAY 16, 2020

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer.

Satisfaction 174

Satisfaction Customer Custom Outsource 174

socalTECH

AUGUST 6, 2019

Ian Chen is the co-founder and CEO of Discotech , a startup that offers up bottle service booking, discounted tickets and more to clubs and nightspots. Ian Chen: In my previous life, I was working in private equity in LA. We did another round with angels and early customers of Discotech.

Startup 113

Startup Equity Customer Custom 113

Startup Professionals Musings

NOVEMBER 6, 2020

It seems that most of you entrepreneurs I meet in my role as business advisor are convinced that starting a new business requires equity investors, exponential growth, and a plan to go public via IPO. If your passion is customers, you definitely will be happier as a lifestyle entrepreneur.

Statistics 124

Statistics Equity Satisfaction Entrepreneur 124

Startup Professionals Musings

FEBRUARY 29, 2020

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Most entrepreneurs never forget for a moment that having investors means owing money, even if they can legally argue that equity is not debt.

Startup 124

Startup Satisfaction Venture Capital Entrepreneur 124

Startup Professionals Musings

JANUARY 18, 2020

One of the biggest myths in the business world is that startups are no place for Baby Boomers, that aging generation born between 1945 and 1964. Today people over 55 are almost twice as likely to create successful startups as Gen-Y, age 20 to 34. Manage customer service. Supportive co-founder and executive positions.

Startup 124

Startup Technical Review Software Review Entrepreneur 124

Startup Professionals Musings

DECEMBER 15, 2014

I’ve always wondered who started the urban myth that the best way to start a company is to come up with a great idea, and then find some professional investors to give you a pot of money to build a company. Don’t give up a chunk of your company and control before you start.

Startup 110

Startup Entrepreneur Satisfaction Legalzoom 110

Startup Professionals Musings

OCTOBER 16, 2022

One of the biggest myths in the business world is that startups are no place for Baby Boomers, that aging generation born between 1945 and 1964. Today people over 55 are almost twice as likely to create successful startups as Gen-Y, age 20 to 34. Manage customer service. Supportive co-founder and executive positions.

Technical Review 147

Technical Review Software Review Entrepreneur Report 147

Startup Professionals Musings

JANUARY 17, 2015

For the elite startups and entrepreneurs who manage to attract the investor they dream of, and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. Due diligence always involves on-site visits, informal discussions with any or all members of the team, vendors, and good customers as well as bad.

Technical Review 108

Technical Review Startup Satisfaction Entrepreneur 108

Startup Professionals Musings

JUNE 28, 2013

I’ve always wondered who started the urban myth that the best way to start a company is to come up with a great idea, and then find some professional investors to give you a pot of money to build a company. Don’t give up a chunk of your company and control before you start.

Startup 105

Startup Satisfaction Entrepreneur Legalzoom 105

Startup Professionals Musings

APRIL 30, 2023

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. Many of the major business successes started this way. Many of the major business successes started this way.

Social Media 92

Social Media Study Research Satisfaction 92

Startup Professionals Musings

MAY 25, 2022

Business partners can be co-founders in a startup, multiple owners of an existing business, or a joint venture. In every case, a partner can be an asset, bringing new skills and perspectives to the business; or a burden, making every decision more difficult, and taxing your lifestyle satisfaction.

Technical Review 125

Technical Review Satisfaction Summary Startup 125

Startup Professionals Musings

AUGUST 10, 2019

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. People may jump into the lifestyle to be their own boss, achieve great wealth, start a new trend, or all the above.

Startup 97

Startup USC Entrepreneur Statistics 97

Startup Professionals Musings

JULY 31, 2022

Too many customers have long felt distanced from many successful brands, seeing them as closed and mysterious environments, focused only on profits and killing competitors. In the idea stage, get customers involved with an engaging contest. Offer equity in future projects to people outside your business. Shared goodwill (trust).

Organization 126

Organization Social Media Examples Customer 126

Startup Professionals Musings

APRIL 2, 2016

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer.

Satisfaction 61

Satisfaction Startup Customer Custom 61

Startup Professionals Musings

SEPTEMBER 3, 2018

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. Many of the major business successes started this way. Many of the major business successes started this way.

Startup 65

Startup Social Media Study Research 65

Startup Professionals Musings

MAY 24, 2013

Every existing business, as well as every startup, needs to reassess their product or service in the context of these five forces: Intensity of competitive rivalry. Startups that target profitable and growing markets with high returns should realize that these will draw many new entrants. Bargaining power of customers.

Startup 80

Startup Framework Competition Pricing 80

socalTECH

FEBRUARY 10, 2017

accelerator--which only inspired him to keep working on making his startup a reality and go from just an idea, to a real company. The company, which started in 2014, now has over 40 employees. I'm a CPA, and I got my start in the audit practice of Ernst & Young, and was working for years on the audit side of the table.

Startup 124

Startup Cornerstone OnDemand Software Review Woodland Hills 124

Startup Professionals Musings

APRIL 22, 2015

Too many customers have long felt distanced from many successful brands, seeing them as closed and mysterious environments, focused only on profits and killing competitors. In the idea stage, get customers involved with an engaging contest. Offer equity in future projects to people outside your business. Shared goodwill (trust).

Startup 99

Startup Organization Social Media Customer 99

Startup Professionals Musings

JANUARY 16, 2015

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer.

Satisfaction 101

Satisfaction Entrepreneur Customer Custom 101

Startup Professionals Musings

SEPTEMBER 8, 2010

I especially love the ones that start and end by saying “We don’t have any competitors.” Every startup should size his product or service in the context of these five forces: Intensity of competitive rivalry. Startups that target profitable and growing markets with high returns should realize that these will draw many new entrants.

Startup 86

Startup Competition Pricing Framework 86

Startup Professionals Musings

AUGUST 21, 2016

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. Many of the major business successes started this way. Many of the major business successes started this way.

Technology 57

Technology Startup Study Research 57

Startup Professionals Musings

APRIL 15, 2016

There seems to be a big debate these days about the best approach to starting a new business. Some argue the only way to start is to drop everything and jump in with both feet, while others recommend an overlapped approach to the lifestyle, including not quitting your day job until you have revenue and a proven business model.

Entrepreneur 63

Entrepreneur Startup Satisfaction News 63

Startup Professionals Musings

MARCH 9, 2019

Jim Sterne, who has written many books on Internet advertising, marketing, and customer service, tackled this complex world of social media metrics in a classic book titled simply " Social Media Metrics." Social media is the realm of public opinion and customer conversations. Measure customer response and action.

Social Media 98

Social Media Media Metrics Satisfaction 98

Startup Professionals Musings

DECEMBER 1, 2021

The recent world-wide health pandemic has highlighted again how fast things can and do change in the environment today, and it’s up to you to make sure your business can survive and thrive in this new world. Customers are looking for a differentiator today. Make sure your hiring practices include diversity, inclusion, and equity.

Examples 128

Examples Social Media Summary Satisfaction 128

Startup Professionals Musings

JUNE 8, 2016

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Most entrepreneurs never forget for a moment that having investors means owing money, even if they can legally argue that equity is not debt.

Funding 57

Funding Startup Satisfaction Entrepreneur 57

InfoChachkie

JUNE 27, 2011

If your offspring are entrepreneurially inclined, these activities might nudge them in the direction of a lifetime of startups. In particular, Marcia Brown’s 1947 retelling of the classic French folktale Stone Soup is a veritable playbook for how to start a venture. Plot Summary. Something From Nothing. The Prototype.

Entrepreneur 270

Entrepreneur Startup Venture Capital Resource 270

Startup Professionals Musings

APRIL 26, 2012

Jim Sterne, who has written six books on Internet advertising, marketing, and customer service, tackled this complex world of social media metrics in his book titled " Social Media Metrics." Social media is the realm of public opinion and customer conversations. Measure customer response and action. Project the future.

Social Media 98

Social Media Metrics Media Startup 98

Startup Professionals Musings

JULY 20, 2014

I’ve written about this before, but I was reminded again a while back at a conference for startups when an entrepreneur started berating investors for not funding early-stage startups. It sounded to investors like me that they felt a funding entitlement for their startup idea. And like water or food, it isn’t free.

Startup 96

Startup Entrepreneur Satisfaction Customer 96

Startup Professionals Musings

JULY 19, 2013

Most entrepreneurs struggle with many startup Founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. People may jump into the lifestyle to be their own boss, achieve great wealth, start a new trend, or all the above.

Startup 98

Startup Entrepreneur Statistics Equity 98

Startup Professionals Musings

JUNE 2, 2011

By John Williams Fast Company magazine recently reported that PayPal founder Paul Thiel is giving away $100,000 to twenty-four young men and women to finance startup businesses. Thiel is providing his mentees with capital to make their startups a reality. You get the personal satisfaction of making something out of almost nothing.

Startup 92

Startup Capital Blogging Ideas 92

InfoChachkie

OCTOBER 24, 2011

There has recently been a common theme among the entrepreneurs I have interviewed and the conferences I have attended: despite the relatively weak state of the world economy, now is a great time to create a high-tech startup. As Guy Kawasaki pointed out in our recent conversation , “…it is cheaper than ever to start a company.

Company 257

Company Companies Startup Study 257

Startup Professionals Musings

DECEMBER 22, 2017

Usually this stage only really starts after an investor has expressed serious interest, or already informally agreed to invest. Others schedule long and exhaustive practice and coaching sessions for everyone on the team, including showcase customers, to make sure that everyone tells the most positive and consistent story.

Invest 59

Invest Startup Doc Slides 59