Remove Entrepreneur Remove Mentor Remove Startup Remove Writing
article thumbnail

Don’t Underrate The Value Of A Startup Plan Document

Startup Professionals Musings

If you sold your last startup for $800 million, you probably already know how to build a business, and even conservative investors won’t worry about the quality of your next business plan. Most investors tend to think of startups without a plan as expensive hobbies. I hope not. Marty Zwilling

Startup 102
article thumbnail

5 Startup Challenges That Derail Many Entrepreneurs

Startup Professionals Musings

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. Funding is depleted before customer sales ramp up.

Startup 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Remember that being an entrepreneur is all about starting and running a business, after the initial invention.

article thumbnail

6 Drivers For Aspiring Entrepreneurs To Finish School

Startup Professionals Musings

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. Write a business plan and pitch deck for learning.

article thumbnail

Every Startup Goes Through Distinctive Funding Phases

Startup Professionals Musings

Some entrepreneurs start polling venture capitalists for that multi-million-dollar investment before they even have a business plan. Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). Don’t waste your resources on the wrong ones.

Startup 122
article thumbnail

7 Essential Steps From A Lone Entrepreneur To Success

Startup Professionals Musings

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.

article thumbnail

5 Key Steps For Launching A Successful Startup Today

Startup Professionals Musings

Perhaps sparked by the recent pandemic, I’m seeing a new era of the entrepreneur, with startups springing up all around. Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers. Don’t let it make your startup dysfunctional in resolving future challenges.

Startup 135