Berkonomics

OCTOBER 4, 2018

The entrepreneur, whether remaining to the end as CEO or not, is celebrated for his or her prescient timing, great vision and excellent execution of the plan. I cannot recall ever attending a closing dinner for a sale in which we returned only a portion of the investor group’s money. It is an exhilarating ending to a great journey.

Sales 136

Sales Entrepreneur Writing Invest 136

Xconomy

JANUARY 16, 2020

Early bird tickets are on sale now for only $99. Grab yours today before prices go up. Each half-day Xcelerating Life Sciences forum is dedicated to helping industry leaders develop meaningful partnerships and explore bold new ideas to overcome healthcare’s biggest challenges. Can’t make the San Diego.

San Diego 68

San Diego Pricing Ideas Sales 68

socalTECH

NOVEMBER 23, 2021

Los Angeles-based social video sharing app Triller announced this morning that it has acquired Thuzio, which runs business-to-business premium influencer events and experiences. According to Triller, it will use the acquisition to grow its live event programming. Financial terms of the buy were not announced.

Entertainment 113

Entertainment Acquisition Los Angeles Sales 113

Berkonomics

JANUARY 6, 2022

First, the marginal exit event: Sometimes the end game or sale of the company is not a happy event for the early investors, including the entrepreneur or the founders. This makes for some head-rubbing when attempting to calculate the return on investment with a proposed sale.

Venture Capital 156

Venture Capital Sales Pricing Equity 156

Startup Professionals Musings

DECEMBER 30, 2020

In my role as a mentor to aspiring entrepreneurs, I find that most have the technical challenges well understood, but many are a bit short on some basic street smarts , or basic business realities. Planning for the future must be a regular activity, not just an early-stage or once-a-year event. Survival requires regular updates.

Entrepreneur 173

Entrepreneur Patents Startup Technical Review 173

Both Sides of the Table

NOVEMBER 19, 2009

(In case it’s not obvious it’s a play on the Nike slogan, “Just Do It.&# ) I believe that being successful as an entrepreneur requires you to get lots of things done. Entrepreneurs make fast decisions and move forward knowing that at best 70% of their decisions are going to be right. This paralyzes most people.

Entrepreneur 414

Entrepreneur Technical Review Slides CTO Coach 414

Berkonomics

AUGUST 3, 2023

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

Venture Capital 295

Venture Capital Startup Class Invest 295

socalTECH

MARCH 28, 2019

Earlier this month, the annual Montgomery Summit conference was held in Santa Monica, including a special portion of the conference dedicated to the Rise of the Female Entrepreneur. I see you were involved in the Rise of the Female Entrepreneur effort at the Montgomery Summit this year, tell me a little about what that is all about?

Capital 162

Capital Entrepreneur Invest Artificial Inteligence 162

Both Sides of the Table

OCTOBER 4, 2009

Many entrepreneurs who start technology companies are product people, technologists or savvy business people who worked previously for a larger company. Most start-up entrepreneurs have little or no sales experience. But through nearly a decade of startups I learned that sales comes down to three essential elements: 1.

Sales 319

Sales Startup Platform Tips 319

Startup Professionals Musings

SEPTEMBER 4, 2019

It really is possible for an introvert to succeed as an entrepreneur, even though you can’t expect to start and build a business alone. As an introvert myself, I remember worrying that I could never be comfortable giving a sales pitch, or networking to find clients. Actively expand your business networking activities.

Entrepreneur 104

Entrepreneur Mentor Activity Startup 104

Berkonomics

JANUARY 27, 2022

Because the first rule for raising money is to do it on good news – right when sales are increasing at an accelerating rate. It’s human nature for investors to want to buy into a fast growing future, proven by some event in the immediate past. Why is this important advice? Or when a major customer signs a significant deal.

News 156

News SaaS Platform Sales 156

Berkonomics

DECEMBER 30, 2021

Pilot-authors tell their stories in the first person, and all of us readers slow down to think while reading of these events, wondering “what if” or whether this could happen to me. How about the entrepreneur -founder? Professional investors rarely attach a red letter upon a failed entrepreneur. Why do we tell this story?

Entrepreneur 156

Entrepreneur Training Invest Email 156

Startup Professionals Musings

OCTOBER 21, 2023

Of course, that has be a repeatable event, with enough revenue to sustain the business. So what should an entrepreneur do to convince themselves, as well as potential investors, that they have a viable business model before it is totally proven? Word of mouth is not adequate for marketing and sales.

Customer 109

Customer Custom Satisfaction Sales 109

Startup Professionals Musings

JANUARY 13, 2014

So what can you do to expedite this event, or even improve the odds that it will happen at all? Of course, one sale isn’t really enough, so you need to get the first customer to recommend you to a second, and make sure the rate of sales ramps up quickly enough to keep the business alive and growing.

Sales 99

Sales Customer Custom Entrepreneur 99

Startup Professionals Musings

SEPTEMBER 21, 2019

If an entrepreneur doesn’t find themselves in over their head at least 20% of the time, they are probably not pushing the limits, not taking enough risk, and probably not working on an idea that’s worth doing. Unfortunately, too many entrepreneurs I know are terrible at finding and accepting help. Seek help or get out.

Entrepreneur 99

Entrepreneur Startup Help Mentor 99

socalTECH

MAY 22, 2019

For our interview this morning, we talked with David Wood , the Founder and CEO of Eventene (www.eventene.com), an early stage startup, bootstrapped startup developing event management software. David Wood: We make event planning software for social organizations. We do private events, not public events.

Startup 212

Startup Evite Organization Software 212

Berkonomics

FEBRUARY 3, 2022

First, the implied promise: Taking money from professional investors such as angels or VCs usually requires that you agree to seek an exit for those investors in your plan, often targeting five to seven years as the ideal period for growth before a liquidity event. What if you later decide to just keep control? (You

Equity 156

Equity Course Sales Invest 156

Berkonomics

SEPTEMBER 27, 2018

Offering to reincorporate the game company as a new entity to avoid any more surprises, the entrepreneur and I negotiated 10% for my $100 thousand, with the remaining 90% for the founder. Fast forward a month to a meeting between a senior executive of the buyer, our hero the entrepreneur, our corporate attorney and myself.

Sales 120

Sales Web Design Web Design 120

Berkonomics

NOVEMBER 15, 2018

Looking back over an entrepreneur’s journey. As I look back over more than fifty years as an entrepreneur, I can think of the financial focus of my three entrepreneurial businesses as a prime driver in my life during the early stage of each. The rewards of angel investing. The rewards of angel investing.

Coach 120

Coach Startup Organization Invest 120

Startup Professionals Musings

OCTOBER 3, 2021

The biggest challenge for every entrepreneur and every startup today is to get noticed and remembered in today’s information overload. The number of entrepreneurs worldwide is huge, starting an estimated 50 million new businesses per year, or 137,000 per day. Stories relay events, and these events have to happen somewhere.

Startup 125

Startup Technical Review Entrepreneur Customer 125

Startup Professionals Musings

SEPTEMBER 20, 2019

For example, quarterly sales on one of your most important products suddenly decreases, or your inventory across a whole category has surged. Broad disruptive events. New entrepreneurs are notoriously great at capitalizing on new opportunities, both weak and strong. Changes in your organization’s core performance metrics.

Entrepreneur 93

Entrepreneur eBook Metrics Examples 93

Berkonomics

OCTOBER 8, 2015

But what most entrepreneurs fail dramatically at is to celebrate the moment. Not many founders or entrepreneurs do experience the success of a favorable sale of the business they dreamed would make them rich. Others are diluted by subsequent investors to the point where there was nothing for them to celebrate at all in a sale.

Entrepreneur 120

Entrepreneur Writing .Net Sales 120

Both Sides of the Table

JANUARY 31, 2011

One of the most common questions that entrepreneurs who meet me for the first time like to ask is, “Do you miss being an entrepreneur? I thought I’d talk a bit about the differences I’ve experienced between being an entrepreneur & a VC – you know, from “both sides of the table.&#. On Being an Entrepreneur.

Entrepreneur 384

Entrepreneur Startup Venture Capital Ideas 384

Startup Professionals Musings

OCTOBER 18, 2023

Once an entrepreneur, always an entrepreneur. Although many won’t admit it, true entrepreneurs can’t wait to exit their current startup, and build a new and better one with their next great idea. The best sale or acquisition is a gradual one, where the acquirer gets to know you through formal and informal relationships.

Startup 99

Startup Entrepreneur Metrics Acquisition 99

Startup Professionals Musings

NOVEMBER 23, 2012

So what can you do to expedite this event, or even improve the odds that it will happen at all? Of course, one sale isn’t really enough, so you need to get the first customer to recommend you to a second, and make sure rate of sales ramps up quickly enough to keep the business alive and growing.

Sales 96

Sales Customer Custom Pricing 96

Startup Professionals Musings

JANUARY 22, 2021

Of course, that has be a repeatable event, with enough revenue to sustain the business. So what should an entrepreneur do to convince themselves, as well as potential investors, that they have a viable business model before it is totally proven? Word of mouth is not adequate for marketing and sales.

Sales 165

Sales Customer Custom Social Media 165

Startup Professionals Musings

SEPTEMBER 27, 2023

When an entrepreneur first incorporates a business, they may find themselves the proud owner of 10 million shares of common stock, commonly called founder’s shares. Startup owners need to assume a three to five year wait for a liquidity event, such as acquisition or going public, before they can cash out. In the U.S.,

.Net 96

.Net Startup Entrepreneur Acquisition 96

Startup Professionals Musings

DECEMBER 21, 2014

When entrepreneurs come to me with that “million dollar idea,” I have to tell them that an idea alone is really worth nothing. For example, more customer leads are predictive of more sales revenue later. These four disciplines must be implemented as a process, not as an event. Changing yourself is tough enough.

Entrepreneur 113

Entrepreneur Ideas Startup Customer 113

Berkonomics

JUNE 12, 2014

First, there is the entrepreneur , the visionary, and force behind the venture from start to finish. Few entrepreneurs can do it alone, with subordinate hired help and no expert management to share the burdens, skill sets and efforts involved in growing the enterprise. Email readers, continue here.]

Startup 214

Startup Equity Invest Class 214

Startup Professionals Musings

JULY 30, 2021

The recent pandemic was a strong signal for change, and I see most of you entrepreneurs and business owners responding to the business changes required and new opportunities presented. When sales fall off, you need to dig deep for the “why,” rather than just assuming the price needs to go down.

Marketing 162

Marketing Social Media Metrics Customer 162

Startup Professionals Musings

OCTOBER 23, 2015

If an entrepreneur can’t build a culture of excitement and commitment at a startup, the chances of long-term success are negligible. As a mentor to entrepreneurs, I often get asked what you can do to build the right culture. Entrepreneurs who are too busy for people never get the culture they envision. Every investor knows this.

Entrepreneur 102

Entrepreneur Technical Review Mentor Training 102

TechCrunch LA

MARCH 17, 2021

Early Stage is the premier “how-to” event for startup entrepreneurs and investors. We’ll cover every aspect of company building: Fundraising, recruiting, sales, product-market fit, PR, marketing and brand building.

Southern California 237

Southern California Company Companies Glendale 237

Berkonomics

APRIL 20, 2023

We have years of real data to call upon: data that impacts both investors and entrepreneurs. years before a liquidity event (positive or negative.) Entrepreneurs will always start new enterprises. There are two reliable sources of reasonably recent data for us to examine. How about the early-stage investors?

Statistics 156

Statistics Startup Study Invest 156

Startup Professionals Musings

AUGUST 14, 2023

Finding your sweet spot as an entrepreneur needs to start with a meaningful personal purpose that is also a business opportunity. Many entrepreneurs are finding their “secret sauce” these days by combining a strong purpose with a good business opportunity. Both ends of this spectrum fail to bring long-term satisfaction or success.

Framework 95

Framework Customer Custom Tips 95

Startup Professionals Musings

DECEMBER 14, 2014

Most entrepreneurs struggle with many startup Founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Not facing these dilemmas squarely and honestly is one of the biggest pitfalls facing every entrepreneur. Marty Zwilling.

Entrepreneur 107

Entrepreneur Statistics Equity Satisfaction 107

Startup Professionals Musings

SEPTEMBER 4, 2011

So what can you do to expedite this event, or even improve the odds that it will happen at all? Of course, one sale isn’t really enough, so you need to get the first customer to recommend you to a second, and make sure rate of sales ramps up quickly enough to keep the business alive and growing.

Sales 97

Sales Customer Custom Pricing 97

Startup Professionals Musings

MARCH 21, 2021

Great entrepreneurs, like Bill Gates, are great at both. For entrepreneurs, effective networking is required to find investors, partners, and customers. Too many entrepreneurs try to talk their way through all of these. Some struggling entrepreneurs are totally event driven. Here are a few: Business networking.

Activity 133

Activity Startup Ideas Technical Review 133