Sat.Apr 01, 2023 - Fri.Apr 07, 2023

article thumbnail

So, what’s a company board good for, anyway?

Berkonomics

Some of you have gotten along forever without a board of directors, or used your spouse as the “other” board member from the start. But there are some very good reasons to build a great board composed of some outside members. And good board members can add real value to you and the company. Where to learn more… In other posts (and in our book, “Building Great Boards” – available on Amazon and other booksellers) we cover legal responsibilities of a board, how to pay boa

Company 156
article thumbnail

10 Popular Founder Misconceptions Limit Startup Ideas

Startup Professionals Musings

Every entrepreneur believes in their heart that their startup is more innovative and creative than their competitors. Yet none knows exactly where creativity comes from within, or how to pick and motivate the most creative people for the team. Most believe and follow one or more of the popular myths on business creativity, even though none of them have much scientific evidence.

Ideas 127
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Suggestions For How To Begin Your Startup Lifestyle

Startup Professionals Musings

One of the simplest questions I get from aspiring entrepreneurs, and ironically one of the hardest, is “How do I start?” I want to tell them to just start anywhere, but I realize that most have no idea where anywhere is. They just aren’t prepared for the life they want, and are really asking me how to learn to be an entrepreneur. It takes more than passion and a course on business basics.

Startup 108
article thumbnail

6 Tips On Positioning Your Needs For Investor Funding

Startup Professionals Musings

Entrepreneurs looking for investor funding often fail to realize that all money comes with strings. For example, if you have watched the Shark Tank TV series, you probably noticed that the Sharks always ask the entrepreneurs for their intended “use of funds.” Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed.

Tips 91
article thumbnail

Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

article thumbnail

10 Lessons On The Value Of Self-Promotion In Business

Startup Professionals Musings

Too many entrepreneurs I know still believe that that their great idea will carry the startup, and they may even minimize their own value, especially if they have introvert tendencies. Yet most investors agree that the “idea” is worth nothing alone, and it’s the entrepreneur execution that counts. That means that selling yourself is more important than selling your idea.

Startup 117
article thumbnail

6 Key Steps To Transform Business Dreams Into Success

Startup Professionals Musings

Many of you business professionals I meet in my business consulting and mentoring roles seem very determined to advance their career, or even start their own business. They are searching for that magic formula to get them from some vague dreams , to specific goals, to an actionable plan with real results. I believe the challenge is the same one you face in every aspect of your life.

Startup 100