Startup Professionals Musings

FEBRUARY 5, 2020

As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer , I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. Too many entrepreneurs think that expert external advisors are suspect, or will slow them down.

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Tech.Co

JUNE 14, 2024

Some equity-focused organizations are trying to level the playing field, however, by offering female entrepreneurs cash injections to launch or grow their venture. We round up the best business grants for female entrepreneurs taking applications in 2024, so you can spend less time trawling the internet and more time focusing on your business.

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InfoChachkie

MAY 26, 2016

Should millennial entrepreneurs go to college? If you believe the mythology surrounding the handful of entrepreneurs who did not obtain a degree, you may think that the path to entrepreneurial success is enhanced by avoiding college. I asked them to devise reasons an entrepreneur should remain in college.

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Berkonomics

MAY 25, 2023

First, if your vision is limited and you will be happy with a successful local dry-cleaning enterprise or small restaurant around the corner, you are not the target for this epic effort to help entrepreneurs build great businesses that do change the world. Please take what you can from these weekly posts. Many will apply directly to you.)

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Berkonomics

JANUARY 20, 2022

Dave’s note: This is a reprint of a 2015 insight that seems to have struck a chord with investors and entrepreneurs. None of this advice has changed… Let me tell you a few short hair–raising stories of entrepreneurs who have raised money and regretted it later. The problem, of course, comes if the business fails.

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Berkonomics

FEBRUARY 3, 2010

So how does the statement above fit into this sandwich of alternatives? Trusted, close resources include sophisticated relatives, friends and business associates who know how to structure a deal as a win-win for you and for them, while allowing you to retain control over your vision and execution.

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Berkonomics

AUGUST 3, 2023

Friends, family and fools: [Email readers, continue here…] This term, although pejorative, describes the typical mix of early investors in a small, young growing business. And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

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Berkonomics

MAY 13, 2021

Several years ago, I wrote a book entitled, Extending the Runway , using parallels to piloting a plane to equate to the process of creating and building a small company, making maximum use of resources to get to and beyond breakeven. The five resources boards and investors can add to a company. It is worth revisiting the most.

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Tech.Co

DECEMBER 15, 2017

Entrepreneurs have become more resourceful since the 80s, and your options are more diverse as well. The Instagram lifestyle may have inspired a slew of would-be entrepreneurs to merge work and travel as never done by previous generations. Here are 4 location types and their benefits for you to consider. Cafe for Digital Nomads.

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Berkonomics

APRIL 1, 2021

Investors most often celebrate teams that quickly find flaws in the original plan and reallocate resources in another direction before more wasted resources. Green Dot Corporation was formed by an entrepreneur in the year 2001 to create a product to permit those without credit cards to purchase items on the Internet.

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Berkonomics

FEBRUARY 25, 2021

How should you become the best marketer you can be, even if you are a first-time entrepreneur or a seasoned CEO? Create, change, throw out, tweak or put more resources behind those efforts or campaigns that are working. Email readers, continue here…] Measure the results of your changed program in as many ways as possible.

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Tech.Co

JUNE 5, 2024

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Both Sides of the Table

DECEMBER 19, 2009

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Many entrepreneurs struggle with their setbacks.

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Berkonomics

JANUARY 7, 2021

Think of startups and early stage businesses whose entrepreneurs you know. One: The entrepreneur. First, there is the entrepreneur , the visionary, and force behind the venture from start to finish. It starts with sharing the opportunity and upside. Two: Co-management. Dividing equity among those that fill the management gap.

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Berkonomics

FEBRUARY 21, 2019

I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business. The investors want a motivated entrepreneur, and it is certainly more difficult to motivate a twenty percent owner than a sixty percent owner. Four reasons you should reconsider.

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Berkonomics

OCTOBER 8, 2020

Most entrepreneurs quote a resource for market size but fail to then take the next step to eliminate all parts of that market unreachable by the company or product. That’s likely to be completely unreachable for you with almost any amount of resources. Sources for your data. My story of creating a number for market size.

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InfoChachkie

FEBRUARY 11, 2013

In many instances, investors simply do not have the patience to wait for an entrepreneur to sufficiently clean up their deal once a significant issue is identified during the due diligence process. Savvy entrepreneurs resolve potentially problematic issues on their own terms, before they begin raising capital. Frictionless Fundraising.

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Startup Professionals Musings

NOVEMBER 7, 2021

Some aspiring entrepreneurs are so desperate for funding, or naïve, that they ignore the obvious signs of scams and rip-offs on the Internet, praying for a windfall. Chain emails leading to a windfall. I’d much rather see your entrepreneur resources and energy focused on real opportunities to improve the world we live in.

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Technical Review Tips Funding Startup 148

Berkonomics

AUGUST 13, 2020

In fact, many angel investors or venture capitalists look for and respect the lessons learned by entrepreneurs that have survived a failed business. The key question is: Why did an entrepreneur fail? A successful entrepreneur who has seen the movie before is even more valued. You will have “seen the movie before”.

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Berkonomics

DECEMBER 7, 2017

Entrepreneurs will have a relative willing to devote time, a school friend with business experience, professionals who charge for the service, investors with a reason to promote your success and more. Email readers, continue here…] How do you pay a coach? Business coaches come in all sizes and shapes. Original 1994 book.

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Berkonomics

JUNE 29, 2017

Trusted, close resources include sophisticated relatives, friends and business associates who know how to structure a deal as a win-win for you and for them, while allowing you to retain control over your vision and execution. So how does the statement above fit into this sandwich of alternatives? Trust works both ways.

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Berkonomics

AUGUST 8, 2019

Email readers, continue here…] It is not uncommon for the founders or executives on a board to defer to the three outside board members, responding to questions and defending previous actions. Do you defer to those outside board members? My story of an unbalanced board and influence. The board knows best” is not always true.

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Berkonomics

SEPTEMBER 19, 2013

In fact, many angel investors or venture capitalists look for and respect the lessons learned by entrepreneurs that have survived a failed business. The key question is how did the entrepreneur fail? A successful entrepreneur who has seen the movie before is even more valued. Email readers, continue here.]

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Berkonomics

MARCH 30, 2012

There is still abundant money available for early stage investment, but many of the rules have changed, as well as the processes for accessing these resources. Email readers, continue here.] The times have changed, and many of the sources available in the past have become risk averse or moved on, but there are new alternatives.

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Berkonomics

MARCH 5, 2020

In the creation of a young company, there are five principal risks to be addressed by the entrepreneur. So, it is important for the entrepreneur to identify, address and mitigate each of these in order to increase valuation and decrease the risk of ultimate loss of the business. Third: Management risk. . Fourth: Financial risk. .

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InfoChachkie

JULY 16, 2012

In addition, a number of advertisers have invested significant resources into creating libraries of video content which effectively communicate brand and product attributes but are incapable of eliciting a particular action, such as: clicking to a landing page, completing a lead form, or initiating a purchase. Share and Enjoy.

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TechCrunch LA

AUGUST 5, 2022

A few minutes away from downtown Atlanta, Collab Studio ATL describes itself as “a tech-based one-stop shop for content creators, HBCU students and young entrepreneurs to achieve their business goals.” “I feel like the studio has the potential to be a great place for creators like me to thrive.

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Startup Professionals Musings

MARCH 11, 2023

Savvy entrepreneurs start testing their ideas on potential customers even before the concept is fully cooked. This early in the game, any coverage and peer review is better than just being another unknown entrepreneur. Entrepreneurs who wait to be found are destined to spend a lot of time alone. Capitalize on yourself early.

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Berkonomics

OCTOBER 30, 2014

One of my books, Extending the Runway , uses parallels to piloting a plane to equate to the process of creating and building a small company, making maximum use of resources to get to and beyond breakeven. Use your board to help you to navigate through control over these five resources. There is a fine line between.

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Berkonomics

APRIL 6, 2017

First, if your vision is limited and you will be happy with a successful local dry cleaning enterprise or small restaurant around the corner, you are not the target for this effort to help entrepreneurs build great businesses that change the world. Please take what you can from these weekly posts. Many will apply directly to you.).

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Entrepreneur Course Resource Email 256

Berkonomics

SEPTEMBER 4, 2014

Entrepreneurism is all about risk. And entering the fight without the proper resources usually assures defeat. Resources such as money, experience, statistics about your target, experienced marketing and sales talent, and especially a compelling need and attractive product are all important to the ultimate success of an enterprise.

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Startup Professionals Musings

AUGUST 9, 2014

Savvy entrepreneurs start testing their ideas on potential customers even before the concept is fully cooked. This early in the game, any coverage and peer review is better than just being another unknown entrepreneur. Entrepreneurs who wait to be found are destined to spend a lot of time alone. Capitalize on yourself early.

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Entrepreneur Social Media Startup Blogging 102

Both Sides of the Table

JANUARY 14, 2014

If you follow the tech media you would be subject to a lot of narrative biases that are completely off base – and this includes the value of email and phone calls. I’m sure you’ve heard the meme that “email is dead” – if fact if you Google it you’ll find a long list of articles that will mislead you.

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Berkonomics

MAY 27, 2021

Email readers, continue here…] Each board member is legally tasked with two duties: the duty of care, and the duty of loyalty: care for the living entity that is the corporation itself, and loyalty not to the board member’s constituency, but to the corporation itself. What are the legal responsibilities of board members?

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Berkonomics

NOVEMBER 11, 2021

Venture capitalists sometimes make an error in directing their portfolio company CEOs to push resources to the limit and scale the business to immense size quickly, all to seize market share. Here’s a lesson from experience. Why it’s so personal to me….

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InfoChachkie

AUGUST 4, 2014

Thompson''s jaded take on the travel industry, I wondered if there was a travel company that bucked his stereotypes and properly balanced making bold destinations accessible while respecting the unspoiled resources and culture that made the locales interesting in the first place.

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InfoChachkie

MAY 6, 2013

The nasty and brutish deaths of the unfortunate turtles are disquieting , but the process ensures that the survivors are (on average) strong, healthy and able to capitalize on the ecosystem''s resources. Fortunately, there is a key difference between startups and baby turtles: entrepreneurs can make their own luck. Share and Enjoy.

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