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Despite what you might think, you are never too old to benefit from the helpful guidance of a mentor. Jason Nazar, Co-Founder and CEO of Docstoc , and a self-professed "Mentee Whore," discusses his secrets to finding and keeping a mentor in this compelling article. and set up meetings with people that you want to be like.
Bob Wood has been a mentor to dozens of professionals during his long career in public service. As noted in You''re Never Too Old (Or Too Successful) For A Mentor , Bob has become not only my mentor, but also my friend. Establishing a mentor relationship is emotionally akin to asking someone out on a date.
An entrepreneur recently sent me an @ reply message on Twitter asking for some help with a decision coming up in his business. In today’s era we’re all asked for help, favors or introductions all of the time. Most of us want to help. I get these frequently via Twitter, Facebook or email. I don’t mind.
In a bid to boost the Los Angeles economy and create new jobs in the city, Los Angeles Mayor Eric Garcetti said Friday that he has created a new "Entrepreneur-in-Residence" program, which will help the city in developing initiatives and policies aimed at growing, assisting and sustaining entrepreneurs in Los Angeles.
I’m a big fan of mentoring in business, and have been at different times on both the contributing and receiving end of the process. These days, I seem to often hear from entrepreneurs who are struggling to find a mentor, or complaining about their lack of effectiveness. Don’t ask for too much time or make a nuisance of yourself.
To be a great entrepreneur you really do need talent. And he has acted as a personal mentor for Justin ever since. DJ’s couldn’t help but want to play his records. It also helps to start with a target demographic so you can focus your efforts. Consider Usher a hard-working early-stage VC. Bieber & Co.
It was difficult to make the transition to a “top down&# thinker but as a senior executive – and as an entrepreneur – you’re far less effective without this skill in your arsenal. The wisest mentor I ever had was Ameet Shah , my partner on several projects. That alone will help us solve the problems.&#.
She actually IS the prototypical entrepreneur. But Tracy did what entrepreneurs do. Sam is the managing director of Launchpad LA and we were about to pick our 2012 class of entrepreneurs. In the first 5 minutes you’ll realize that she’s a classic entrepreneur. More on that later. That may soon change.
As I was watching the investor show, Shark Tank , on TV the other night, I was struck by how quickly and how extensively the sharks focused on the background and character of the entrepreneurs, compared to time spent evaluating their products. Recognize natural leaders and seeks help from them.
As an angel investor in early-stage startups, I’ve long noticed my peers apparent bias toward the strength and character of the founding entrepreneurs, often overriding a strong solution to a painful problem with a big opportunity. Find and enjoy the company of one or more mentors.
The road to becoming an entrepreneur is a journey , and it’s not a short trip. Every entrepreneur starts by accepting the reality that you have a rare mindset of joy of discovery, with an intense curiosity about how certain things or people work, or why a new technology hasn’t yet been accepted.
A continuing question I hear from young entrepreneurs is whether a university degree is important to startup success, or just a distraction in achieving their purpose in the world. Take advantage of free startup programs and mentors. School mentors, professors, and peers will give you the critical feedback without passing judgment.
The message I hear publicly from most entrepreneurs is that you have to think outside the box and take big risks to ever beat the odds and be among the less than ten percent that experience real success. Serious entrepreneurs will privately admit the business is first, and the family second. All risks are not the same.
There is a large menu of startup accelerators in the Los Angeles, but one of more established efforts in the area is LaunchpadLA ([link] The effort actually started as an informal mentoring program, but has grown and expanded to follow the accelerator model. It was really just something built for the community to help support entrepreneurs.
and of course a relentless pursuit of helping founders succeed. She took an operating role helping run Citysearch and Urbanspoon. On paper she’s more qualified than Yves or myself so with that out of the way can we now just focus on her skills and how you help me recruit her?” She had all of the skills and traits we sought?—?leadership,
"I think there is a fundamental difference between an incubator and an accelerator… (this) distinction helps people understand why, (even though) … there is a saturation point, but we are nowhere close to it. But it’s people that tend to be entrepreneurs who are early on their company and entrepreneurial arc.
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. The challenge in to know when and how to ask for help, and not let bravado and ego mask anxieties. Seek help or get out.
Every entrepreneur can learn from a mentor, no matter how confident or successful they have been to date. Yet most entrepreneurs simply don’t know how to work with a mentor. Some of the best mentoring relationships don’t involve monetary compensation, but none are free. Agree on specific objectives and time frames.
Hamet came up with this idea after 3 years consulting for Nielsen Media helping them to figure out the value of branded integration and trying to define ways to measure efficacy of the unit. At every entrepreneur event I through between 2008-2012 I invite Hamet because he was a great mentor for entrepreneurs.
It was standing room only at StartEngine 's Demo Day Wednesday afternoon, held at Santa Monica's Cross Campus , as the startup accelerator launched eight of its latest startups into the world, after a 90 day process of mentoring, honing their business model, and heads down development. Standing room only crowd at StartEngine). It's unclear.
In recent months, a dozen accelerators and incubators have emerged in the Southern California area, looking to help take the new generation of technology startups to funding and beyond. which programs are--and aren't--worth looking at has become very difficult, if not impossible, for startup entrepreneurs.
We have significant VC commitments (listed below) – every entering company will get $50,000 in funding, mentorship from top VCs and successful entrepreneurs plus free office space. One senior mentor to Launchpad LA recently said, “I got more out of Launchpad LA than I even put in. For the past 2.5
It is common sense that entrepreneurs should cultivate friends outside of work. However, too often, entrepreneurs allow their non-work friendships to wither, as they struggle to maintain a healthy relationship with their family while nurturing their startups. Healthy adult friendships have an element of mutual mentoring.
I think startup communities being simple cheerleaders doesn’t help anyone. I then got my MBA at University of Chicago so I secretly pull for local entrepreneurs as long as they don’t make me visit in the Winter any more. Local mentors matter. But the dinner discussion included too much denial for my liking.
You can’t win as an entrepreneur working alone. I hope all this seems obvious to you, but I still get a good number of notes from “entrepreneurs” who have been busy inventing things all their life, but can’t find a partner to start their first business, and others trying to find an executive, an investor, or a lawyer.
Knowing all too well how hard it is to start a single new business, I’ve always wondered how several well-known entrepreneurs, including Richard Branson and Elon Musk , have managed to successfully lead dozens of startups to success, and thrive on the process. Serial entrepreneurs embrace the risk, gather the relevant facts, and move forward.
Many years ago, John Hamm published some definitive work on this subject in " Why Entrepreneurs Don't Scale " in the Harvard Business Review. This is generally a required quality for a successful entrepreneur, but it can turn into an unhealthy stubbornness during the scaling stage. Trusting your gut at this stage isn’t good enough.
Over my many years of mentoring aspiring entrepreneurs and business professionals, I often hear a desire to start a new business, with a big hesitation while waiting for that perfect idea and perfect alignment of the stars. Know yourself and find help to fill in the gaps. Success requires a great amount of hard work.
But a couple of people replied with responses of such lack of comprehension that I thought it was worth expanding on for first-time entrepreneurs. Successful entrepreneurs achieve much through their personal leadership traits that inspire others to do great things with them – sure. Not possible. ” Or there was this one.
As a mentor to aspiring entrepreneurs, the most common question I get is, “I want to be an entrepreneur -- how do I start?” Many people with great ideas never make it as entrepreneurs, and true entrepreneurs can make a business out of anything. Are you confident and disciplined in facing tough challenges?
Most bosses are too busy to put in the real effort to help you. You won’t really have a mentor unless lightening strikes. But if you seek one out, most talented employees would gladly become your informal mentor. How can I best help you? Many just ask you to fill out the forms for them. Whom should I emulate?
If I can help you avoid some of my first-time mistakes it would be a victory. I actually like finding entrepreneurs who are more circumspect, less braggadocios and generally more planned about their actions. Where Stealth is Bad – I do meet entrepreneurs who clearly fall on the other side of spectrum and are totally closed.
In a bid to change that, there are a few groups working on helping women entrepreneurs, investors, and others, including the Pipeline Fellowship (www.pipelinefellowship.com), which recently launched itself into the Los Angeles market. The program helps them learn the tools to become angel investors in female led enterprises.
Anyone who works with entrepreneurs will tell you that all are different. I’ve always wondered if there was some way that I could quickly deduce a new entrepreneur’s “sweet spot,” and optimize my mentoring to those strengths and weaknesses, maybe similar to the Myers-Briggs type indicator for business professionals. Specialist.
Working with early-stage teams : coaching, mentoring, setting strategy, rolling up sleeves: 9/10. Helping companies get to next financing round successfully: I was just beginning this phase in Sept 2010 and said so. “I think the best VCs help drive exits alongside their entrepreneurs. Since then? None have exited.
The “what” is well known in LA circles – Troy discovered a little known young singer named Stefani Joanne Angelina Germanotta aka Lady Gaga and helped her launch her career. That is PRECISELY what Shep Gordon said he did to help Alice Cooper break out two decades before. And he said it so elequently.
These resources are definitely not limited to students, since every university seeks out and needs the real world exposure and experience of entrepreneurs who already are active in the real world marketplace. Connections to a mentor. Product research and prototype development. Business plan assistance. Early-stage funding.
The feedback was always universal, “that was the most helpful marketing meeting I’ve every had.” He co-founded a prominent accelerator in Los Angeles called MuckerLab , that has produced a number of impressive companies and he mentored more than 20 of them. Natural mentors – a desire to help.
Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. Get help with grant funding and incubator resources. Access to entrepreneurs-in-residence, business mentors.
He had an idea for a startup that would help consumers better book service jobs and would take on Service Magic, which he believed had a business model that could be disrupted. I acted as the occasional mentor, advisor and coach to Ethan. When Ethan was considering leaving Google we talked about it. The company was called Red Beacon.
Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today. The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return. Product pre-order model.
As an advisor to entrepreneurs, one of the most common requests I get is for an evaluation of a next startup idea. The most successful entrepreneurs focus on solving a problem that they personally have experienced, and are convinced they fully understand. If you are not motivated, you won’t succeed. He succeeded well in both.
The answer is a resounding yes today, and I’m convinced that it will be even more true tomorrow, as young idealistic entrepreneurs try to adapt to the long-standing business culture if success is only measured in the money you make for yourself and your business. Focus on practices that help you stay open and have faith, but don’t force it.
We live in an era where the press espouses the entrepreneurs who have five startups. I think it’s been tremendously helpful to us because the founder of Awe.sm ( Jonathan Strauss ) has a mentor who is going through similar issues but is a few years ahead in terms of company development.
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