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8 Types of Aspiring Entrepreneurs Who Will Not Start

Startup Professionals Musings

Every entrepreneur I know is dismayed by the number of friends who approach them with a line such as “I have an even better idea that will change the world, and one of these days I’m going to get around to starting my own business.” Pragmatists create a minimum viable product (MVP), test it in the market and iterate to success.

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Does Your Entrepreneur View Match Your Startup Stage?

Startup Professionals Musings

According to most definitions, an entrepreneur is one who envisions a new and different business, meaning one that is not a copy of an existing business model. Many entrepreneurs have a passion and an idea, or even invent a new product, but are never able to execute to the point of creating a startup. Funding and rollout stage.

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7 Ways Academic Connections Can Assist A New Venture

Startup Professionals Musings

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. Product research and prototype development. Connections to a mentor. Business plan assistance.

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7 Key Practices for Entrepreneurs Tackling Leadership

Startup Professionals Musings

Most of the entrepreneurs and business owners I work with recognize that they must occupy and practice a primary leadership position , but many will admit that they are not thriving in this role. This is a tough challenge for every coach and mentor. This is a tough challenge for every coach and mentor.

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8 Ways To Relate To Peers That Can Make Or Break You

Startup Professionals Musings

Most entrepreneurs, and members of any small team, naively assume that the key to their success is hard work, dedication, and long hours in the business. It behooves all entrepreneurs and team members to recognize the positives and negatives of each type of relationship. Workship - Mentor. Workship - Advocate.

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8 Strategies To Avoid The Entrepreneur Arrogance Trap

Startup Professionals Musings

In my years of mentoring entrepreneurs, a problem I have seen too often is low self-esteem, and over-compensating through arrogance and ego. These entrepreneurs find it hard to respect customers or team members, and their ventures usually fail. Fortunately, both can be fixed. All of us shut down when disrespected.

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5 Steps To Finding The Best Investor For Your Startup

Startup Professionals Musings

Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. Investor due diligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan.