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10 Strategies To Find That Rare Complementary Partner

Startup Professionals Musings

A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Of course, they can outsource part of the work or hire employees, but that approach means more time and money to manage the work, which they don’t have.

Startup 99
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7 Business Mistakes Serial Entrepreneurs Never Make (Twice)

InfoChachkie

As an entrepreneur, I helped create companies which achieved two IPOs and two trade sales totaling $385 million. Your commitments to investors must be significant enough to compel them to write you a check. “Learn from the mistakes of others. You can’t live long enough to make them all yourself.”. Grant Exclusivity. Fallacy: Yes.

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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

Even artisan-based services, like graphic design and writing good ad copy, have innovative processes and principles. Customers won’t pay to see your new employees learning on the job, and outsourcing the real work to a cheap labor source is a recipe for disaster. Capture your “secret sauce.” Start with a service you know and love.

Startup 111
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7 Success Factors When Your People Are The Solution

Startup Professionals Musings

Even artisan-based services, like graphic design and writing good ad copy, have innovative processes and principles. Customers won’t pay to see your new employees learning on the job, and outsourcing the real work to a cheap labor source is a recipe for disaster. Capture your “secret sauce.” Start with a service you know and love.

Startup 174
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10 Keys To Building Unstoppable Startup Partnerships

Startup Professionals Musings

A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Of course, they can outsource part of the work or hire employees, but that approach means more time and money to manage the work, which they don’t have.

Startup 126
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5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

That’s why I caution my aspiring entrepreneur clients against proclaiming to investors that they are a great “idea” person. Don’t assume you can outsource the implementation decisions. The bridge from thinking and talking, to doing, is a long and difficult one for many to get over. A full plan may be no more than 20 pages.

Ideas 126
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Are You Properly Managing Your Core Competency?

Startup Professionals Musings

If you have a software development background like mine, Im sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe. Factor in all the cost elements.