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7 Ways To Get Satisfaction From Your Next New Venture

Startup Professionals Musings

A common request I hear from aspiring entrepreneurs is for an assessment of their latest idea. I don’t even try to assess things at the idea level, since I can’t read minds. Don’t pick a technology idea that someone else believes will make you rich and famous, or a business area you are not intimately familiar with.

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6 Steps To Personal Satisfaction As Well As Success

Startup Professionals Musings

If you are an entrepreneur contemplating a startup, and you want both success and satisfaction in business, I recommend you complete these steps before you start any business plan: Identify personal gaps. Most of us have a fairly good idea of our weaknesses. Review your natural talents and build on the talents you’ve developed.

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How To Incent Your Team To Find More Innovative Ideas

Startup Professionals Musings

In fact, some very innovative individuals, known as ‘idea people’ or inventors, often end up creating the most dysfunctional teams. Innovation is not all about coming up with new ideas. Generate ideas. This requires divergent thinking, with the strengths of every team member, to generate as many ideas as possible.

Ideas 123
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6 Ideas To Recover From Business Resource Challenges

Startup Professionals Musings

In reality, resource constraints should be seen by startups a competitive advantage, by forcing them to develop new markets, and to think differently and act differently than existing players. The result, called resourcefulness, allows entrepreneurs to create opportunities in the face of scarcity. It’s still a hard road to success.

Resource 112
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7 Keys To Selecting A Startup Idea That Works For You

Startup Professionals Musings

A common request I hear from aspiring entrepreneurs is for an assessment of their latest idea. I don’t even try to assess things at the idea level, since I can’t read minds. Don’t pick a technology idea that someone else believes will make you rich and famous, or a business area you are not intimately familiar with.

Ideas 78
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How To Pick The Best Idea For Your Next Business

Startup Professionals Musings

A common request I hear from aspiring entrepreneurs is for an assessment of their latest idea. I don’t even try to assess things at the idea level, since I can’t read minds. Don’t pick a technology idea that someone else believes will make you rich and famous, or a business area you are not intimately familiar with.

Ideas 108
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9 Strategies For Implementing An Innovative Business

Startup Professionals Musings

Many people believe that new ideas are the critical element of innovation, but in my experience as a mentor and investor, long-term business success is more about implementation than ideas. Everyone has ideas, but only a few can make them happen. We are looking for people who can lead a team and turn any idea into a business.