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6 Success Mistakes Often Made By Serial Entrepreneurs

Startup Professionals Musings

Here are some key insights that I and others have collected for mature company leaders, as well as serial entrepreneurs. As an angel investor, I expected startups to have a passion for their solution, but also to have done the market research and customer validation to size the real opportunity. You and your friends are not the market.

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8 Entrepreneur Attributes Proven To Attract Investors

Startup Professionals Musings

As an angel investor in early-stage startups, I’ve long noticed my peers apparent bias toward the strength and character of the founding entrepreneurs, often overriding a strong solution to a painful problem with a big opportunity. He has completed a study of more than 100 CEOs, with feedback from over 8,000 of their employees on this topic.

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Real Entrepreneurs Must Make Good Decisions Quickly

Startup Professionals Musings

Every so often a promising entrepreneur seems to freeze in the oncoming headlights and gets run over by his competition. These points may sound obvious, but the process is certainly contrary to the popular “shoot from the hip” approach that is practiced by some entrepreneurs. It's difficult to create a high-demand product by guessing.

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Why Smart Entrepreneurs Build Plans For Their Startup

Startup Professionals Musings

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Is it any wonder why so few entrepreneurs ever find the professional investors they seek? Yet I’m still often approached by aspiring entrepreneurs who have neither.

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Almost Always Any Decision Is Better Than No Decision

Startup Professionals Musings

Every so often a promising entrepreneur seems to freeze in the oncoming headlights and gets run over by his competition. These points may sound obvious, but the process is certainly contrary to the popular “shoot from the hip” approach that is practiced by some entrepreneurs. It's difficult to create a high-demand product by guessing.

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7 Key Practices for Entrepreneurs Tackling Leadership

Startup Professionals Musings

Most of the entrepreneurs and business owners I work with recognize that they must occupy and practice a primary leadership position , but many will admit that they are not thriving in this role. Be prepared to create and train a dedicated support group that can keep up with your now larger and growing install base of demanding customers.

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5 Steps To Finding The Best Investor For Your Startup

Startup Professionals Musings

Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. Reverse due diligence on the investor is a comparable process whereby the entrepreneur seeks to validate the track record, operating style, and motivation of every potential partner.