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7 Reasons Why Every Business Leader Needs A Mentor

Startup Professionals Musings

After working many years in business, both in large companies as well as startups, I’ve realized that you can learn more from peers and mentors than from any formal education program. Best of all, I find mentoring to be fun and fulfilling for both the giver and the receiver. Mentoring works best one-on-one and person-to-person.

Mentor 159
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7 Ways Every Entrepreneur Should Evaluate A New Idea

Startup Professionals Musings

As an advisor to entrepreneurs, one of the most common requests I get is for an evaluation of a next startup idea. I try to explain that even the most innovative idea will fail if it is not a good fit for you at this time, so the question I ask them is “why you now” rather than “ why this solution now ?”

Ideas 151
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6 Ideas To Recover From Business Resource Challenges

Startup Professionals Musings

Ironically, as a startup investor and mentor, I have seen too many failures caused by just the opposite – too much money spent too soon, taking time to get product perfection, and assuming customers will wait. Subtraction leads to simplicity, better usability, and easier education of your customers. Rethink or reframe the challenge.

Resource 112
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7 Excuses I Don’t Want To Hear For New Owner Failure

Startup Professionals Musings

When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. My idea is just too far ahead of its time.” It’s now obvious that there is no market for what I created.” So hang in there and get busy. “I

Startup 135
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7 Steps To Greater Satisfaction As A New Entrepreneur

Startup Professionals Musings

In my role as mentor to many of you aspiring entrepreneurs, I often find you convinced that all you need to start is a unique innovation or idea , and now you are ready to jump in with both feet and enjoy the ride. Enlist a mentor and advisor who is not a ‘yes’ person.

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Mentor Secrets for Keeping Your Startup Alive

Startup Professionals Musings

Every startup mentor has his favorite list of basic strategies to avoid pitfalls, and I’m no exception. Most startups I know have “refined” their target market several times during their rollout. Make marketing and sales a priority. You will be amazed at how many items you forgot to cover, and how fast the cash disappears.

Mentor 100
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8 Unpublicized Strategies From Serious Entrepreneurs

Startup Professionals Musings

But privately, as a mentor to many entrepreneurs, I see mindsets and attributes that may be equally critical to success, but are not readily admitted, for fear of being too wacky. They know there is nothing wrong with having passion for a new idea, but they don’t let it influence business decisions.