Startup Professionals Musings

JANUARY 4, 2015

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Check competitor numbers and industry average statistics to get you in the right range. Forecast sales-volume expectations.

Entrepreneur 102

Entrepreneur Startup Pricing Sales 102

Startup Professionals Musings

SEPTEMBER 15, 2018

Many entrepreneurs are so enamored with their product vision that they believe their own hype, and are convinced that the market for their solution is so huge that no one will ask them for independent market research data. Successful entrepreneurs get the job done quickly, without breaking the bank.

Research 87

Research Marketing Statistics Report 87

Startup Professionals Musings

JULY 14, 2013

Making the decision to become an entrepreneur is a major commitment, with huge implications for skills and lifestyle. Therefore, the least you can do is take advantage of some of the self-assessment tools and guides around, like “ The Entrepreneur Equation ,” by Carol Roth, which highlights personal characteristics and skills required.

Entrepreneur 114

Entrepreneur Startup Statistics Guide 114

Startup Professionals Musings

JANUARY 24, 2020

One of the quickest ways to become an entrepreneur these days is to develop and publish a smartphone app. The price of entry can be less than $10,000, so the competition is huge and growing rapidly. Yet according to other statistics, vanishing few of these ever generate a significant profit. Look for value points to control.

Mobile 126

Mobile Develop Development Platform 126

Both Sides of the Table

FEBRUARY 8, 2016

And when prices are dropping on a VCs existing companies in market, there is a substantial reduction in FOMO (fear of missing out) for new deals, which means that investors take their time in making investment decisions. We entrepreneurs have been spinning that line for decades in every boom cycle. Why does this matter?

Startup 150

Startup Pricing Venture Capital Statistics 150

Startup Professionals Musings

DECEMBER 20, 2019

According to current Kauffman Indicators of Entrepreneurship , the share of new entrepreneurs who started businesses to pursue opportunity rather than from necessity now exceeds 86%, more than 12 percentage points higher than ten years ago at the height of the last recession. Social media is a boon for entrepreneurs and startups.

Startup 128

Startup Social Media Satisfaction Entrepreneur 128

Startup Professionals Musings

AUGUST 28, 2016

Many entrepreneurs are so enamored with their product vision that they believe their own hype, and are convinced that the market for their solution is so huge that no one will ask them for independent market research data. Successful entrepreneurs get the job done quickly, without breaking the bank.

Marketing 59

Marketing Startup Statistics Research 59

Startup Professionals Musings

DECEMBER 11, 2017

As an angel investor and business advisor on new ventures, I expect to see five-year financial projections from every entrepreneur. Does this entrepreneur understand the basics of business costs in the selected business domain, growth dynamics, and the competitive environment? Project unit-volume and price levels.

Pricing 57

Pricing Startup Entrepreneur Invest 57

socalTECH

OCTOBER 19, 2017

There's a tightness which is squeezing the lifeblood from the entrepreneurs, even as it remains an amazing place. But, there is broad agreement that it would be a wonderful thing to get more entrepreneurs and venture capital into the region. The first step, is to attract more entrepreneurs. You want those investors to be local.

Southern California 170

Southern California Venture Capital Startup Entrepreneur 170

Startup Professionals Musings

MARCH 13, 2020

For example, every investor I know can tell you about meeting a passionate entrepreneur who is pitching a great technology innovation, but has not done the financial homework on making it a good business. Thus the investor can’t visualize any return on investment (ROI), so the entrepreneur gets no money, and a good opportunity is lost to all.

Ideas 123

Ideas Statistics Invest Marketing 123

socalTECH

MAY 30, 2019

Richards--a serial entrepreneur who has been involved in a number of technology companies here, including NTI Group (sold to Blackboard), Internships.com, MP3.com, Statistically, you are 10x more likely to get hired through a referral by an employee than a non-referral. com, and Vivendi Universal Net USA, where he was also CEO.

Content 193

Content Social Network Coach Help 193

Startup Professionals Musings

OCTOBER 9, 2015

One of the quickest ways to become an entrepreneur these days is to develop and publish a smartphone app. The price of entry can be less than $10,000, so the competition is huge and growing rapidly. Yet according to other statistics, vanishing few of these ever generate a significant profit. Look for value points to control.

Startup 98

Startup Platform Pricing Netflix 98

Startup Professionals Musings

JULY 15, 2013

Many entrepreneurs actually refuse to do financial projections beyond the first year, insisting that no one can predict the future. Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition.

Startup 95

Startup Pricing Statistics .Net 95

Tech.Co

AUGUST 16, 2017

Finding potential customers continues to be a huge challenge not only for established marketing and sales teams but also for startup executives and solo entrepreneurs. Pricing: Valet – up to 1000 leads/month, $49. Pricing: Essential – for growing startups, $37/month. Pricing: $9/user/month.

Tool 79

Tool Startup Help Template 79

Startup Professionals Musings

OCTOBER 5, 2015

I challenge any entrepreneur, for example, to define the difference between "seed-stage" and "early-stage" financing. Most investors won’t touch a first-time entrepreneur at this stage. These funders often offer convertible notes, rather than the traditional priced equity. Business accelerator funding.

Funding 104

Funding Venture Capital Startup Seed Funding 104

Startup Professionals Musings

FEBRUARY 24, 2017

Most of the guidance you see for entrepreneurs is aimed at those who are selling a product (Apple, Tesla, Xiaomi), or selling a service (Uber, Airbnb, Snapchat). The “product” value is difficult to quantify, the costs are nebulous, and entrepreneurs have to clone themselves to scale the business.

Social Media 56

Social Media Pricing Technical Review Demand 56

Both Sides of the Table

MAY 21, 2017

I was influenced heavily before my career even began because in my undergraduate work I took a ton of statistics classes that showed how easily we human brains fall prey to easy biases and slights of data and try to draw conclusions that don’t exist. Coming back with an empty chamber for the third battle is much worse than not coming back.

Venture Capital 182

Venture Capital Statistics Writing Report 182

Startup Professionals Musings

OCTOBER 18, 2013

Even though these last few years have not been great financially for entrepreneurs, it always helps to look at the cup as half full, rather than half empty. Here are a few of the many things that entrepreneurs should be thankful for this holiday season, to keep the challenges in perspective: The economy continues to rebound.

Startup 86

Startup Tips Venture Capital Demand 86

Startup Professionals Musings

MAY 30, 2012

If you are an entrepreneur starting a business for the first time, I recommend that you find a product concept that is already accepted and improve on it, rather than tackling that ultimate disruptive technology. Your innovation may be simply a better location, better service, or a better price, or it could be a technology innovation.

Patents 84

Patents Startup Statistics Course 84

Startup Professionals Musings

OCTOBER 14, 2016

What every entrepreneur is asking me these days, is “How do I get to be a unicorn?” Based on some good estimates of how many new ventures have been started in the last five years, the statistical odds of any individual startup making it to this level are less than one in a million. Active interest by a multitude of investors.

Company 100

Company Companies Startup Statistics 100

Startup Professionals Musings

DECEMBER 28, 2016

Therefore, the least you can do is take advantage of some of the self-assessment tools and guides around, like the classic book “ The Entrepreneur Equation ,” by Carol Roth, which highlights personal characteristics and skills required. Statistics say that the failure rate for new businesses within the first 5 years is as high as 90 percent.

Startup 71

Startup Statistics Guide Entrepreneur 71

Startup Professionals Musings

DECEMBER 17, 2013

Entrepreneurs have no trouble focusing on how to build a product, and the good ones know how to find and nurture those first critical customers. Sales data needs to be correlated to advertising campaigns, price changes, seasonal forces, competitive actions, and other costs of sales. Size of gross margin. Monthly profit or loss.

Metrics 100

Metrics Technical Review Sales Customer 100

Startup Professionals Musings

SEPTEMBER 11, 2013

In the old days, every entrepreneur dreamed of someday taking their startup public, and making it a multi-national powerhouse. In developing countries, like China and India, the statistics are reversed. entrepreneur Mark Zuckerberg startup investor IPO exit' The M&A alternative looks simple by comparison. Marty Zwilling.

Startup 97

Startup Report Entrepreneur Statistics 97

Startup Professionals Musings

MARCH 22, 2012

A satisfied customer is necessary, but not sufficient, to be a loyal customer who will come back repeatedly, refer their friends and family to you, and be faithful even when your price is not the lowest. Price was everything, and customers would switch suppliers for pennies. Provide stability in terms and prices.

Customer 104

Customer Custom Startup Competition 104

Startup Professionals Musings

FEBRUARY 26, 2011

If you are an entrepreneur starting a business for the first time, I recommend that you find a product concept that is already accepted and improve on it, rather than tackling that ultimate disruptive technology. Your innovation may be simply a better location, better service, or a better price, or it could be a technology innovation.

Startup 91

Startup Patents Statistics Course 91

Startup Professionals Musings

JANUARY 16, 2017

Incents customers to pay a premium price. Sustainability and social responsibility are ways to extend your exclusivity and added value, thus lowering risk, improving profitability, and justifying a premium price. It takes a strong and adept business leader and entrepreneur to make the right tradeoffs.

Customer 64

Customer Custom Statistics Pricing 64

Startup Professionals Musings

JUNE 9, 2012

Many entrepreneurs actually refuse to do financial projections beyond the first year, insisting that no one can predict the future. Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition.

Startup 95

Startup Statistics Pricing .Net 95

Startup Professionals Musings

AUGUST 9, 2018

Even more disappointing are other statistics that show most websites that do exist have a very low “conversion rate,” or ratio of visitors to the site versus ones who meet your goal of buying a product or signing up for a newsletter. Test your pricing and packaging options, and tune them regularly. Otherwise we wouldn’t be in business.”

SEO 53

SEO Tips Newsletter Statistics 53

Startup Professionals Musings

NOVEMBER 14, 2012

Entrepreneurs have no trouble focusing on how to build a product, and the good ones know how to find and nurture those first critical customers. Sales data needs to be correlated to advertising campaigns, price changes, seasonal forces, competitive actions, and other cost of sales. Size of gross margin. Monthly profit or loss.

Metrics 106

Metrics Startup Sales Statistics 106

Startup Professionals Musings

JUNE 10, 2012

Making the decision to become an entrepreneur is a major commitment, with huge implications for skills and lifestyle. They will get you interest from investors and lenders, and you will receive better financing, prices, terms, and conditions from business suppliers and professional services.

Startup 100

Startup Statistics Entrepreneur Guide 100

Startup Professionals Musings

MARCH 22, 2011

Many entrepreneurs actually refuse to do financial projections beyond the first year, insisting that no one can predict the future. Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition.

Startup 92

Startup Statistics Pricing .Net 92

Both Sides of the Table

SEPTEMBER 29, 2009

But any entrepreneurs raising capital should keep in mind that this opening of the markets could possibly be temporary. Three reasons: There is a relative valuation between the price a VC pays and their expectations of what it will exit for in an IPO or trade sale. Short answer – yes. overvalued) and sell when the fall precipitously.

Venture Capital 263

Venture Capital Startup Invest Funding 263

Startup Professionals Musings

MARCH 3, 2011

Making the decision to become an entrepreneur is a major commitment, with huge implications for skills and lifestyle. They will get you interest from investors and lenders, and you will receive better financing, prices, terms, and conditions from business suppliers and professional services.

Screening 99

Screening Startup Statistics Guide 99

Startup Professionals Musings

OCTOBER 1, 2010

A satisfied customer is necessary, but not sufficient, to be a loyal customer who will come back repeatedly, refer their friends and family to you, and be faithful even when your price is not the lowest. Price was everything, and customers would switch suppliers for pennies. Provide stability in terms and prices. Marty Zwilling.

Satisfaction 49

Satisfaction Customer Custom Startup 49

Tech Zulu Event

JUNE 6, 2012

His lecture begins with three blank boxes on the projector in front of an audience of 500 business leaders, journalists, and aspiring entrepreneurs, leaders, and business executives of Toronto. At the time that the India specific car was made from Ford, 90% of the population was using 2-wheelers at a price of $1500, explains Govindarajan.

Pricing 80

Pricing Statistics Examples Design 80

Startup Professionals Musings

MARCH 25, 2010

Many entrepreneurs actually refuse to do financial projections beyond the first year, insisting that no one can predict the future. Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition.

Startup 60

Startup Statistics Pricing .Net 60

Both Sides of the Table

SEPTEMBER 8, 2009

Okay, so maybe you never took statistics, microeconomics or macroeconomics. Do you really think Porter’s Five Forces is going to help you figure out what feature set to launch or how to price your product? But there are plenty of partners and successful entrepreneurs who don’t have MBAs. What about strategy?

Startup 337

Startup Venture Capital Study Course 337