InfoChachkie

FEBRUARY 25, 2013

Someone on Quora recently asked me to answer the following question: Why Do Digital Entrepreneurs Hate MBAs? Tech entrepreneurs' consternation with MBAs does not rise to the level of loathing. As noted in Startup Advice From College Dropouts , successful entrepreneurs are often poor students. Look For MBA Outliers.

Entrepreneur 279

Entrepreneur Technical Review Case Study Class 279

Startup Professionals Musings

AUGUST 20, 2021

In my view, the gig economy is a key driver to the current boom in entrepreneurship – every professional and consultant is actually a solo entrepreneur. One question I often hear from solo entrepreneurs, and she addresses directly, is “How do I set the right price for my services?” Factor in project risk before setting a price.

Pricing 149

Pricing Mentor Entrepreneur News 149

Startup Professionals Musings

DECEMBER 21, 2022

As an entrepreneur, it’s never too early to set the culture you need for a thriving business, as well as thriving employees, customers, partners, and vendors. I recommend that every aspiring entrepreneur and serious business professional take each one of these to heart from day-one of their startup: Talent is the whole ball game.

Training 127

Training Custom Customer Social Media 127

Startup Professionals Musings

OCTOBER 16, 2023

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. Investors want entrepreneurs to be aggressive, but don’t make projections that make you look like the next Google.

Startup 116

Startup Pricing Sales Statistics 116

Startup Professionals Musings

MAY 10, 2021

Most aspiring entrepreneurs believe their initial idea and inspiration requires the most important creative thinking. Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Think the unthinkable.

Ideas 171

Ideas Patents Training Entrepreneur 171

Startup Professionals Musings

JANUARY 8, 2021

Young entrepreneurs and startups, in particular, often remain naively unfocused, despite their passion, of what it takes to provide the high-quality service expected. It’s a tough job, and inexperienced entrepreneurs just don’t know where to start, and how to do it. Train and coach continuously.

Startup 154

Startup Training Custom Customer 154

Berkonomics

SEPTEMBER 2, 2021

Assuming that you are the elected or self-assigned negotiator, the last thing you want is to have them in the room while you haggle over price. There’s the sale of a company, where as a board member, I asked the CEO to name his asking price and then go home and wait the result. And yet, lawyers are trained in the art of negotiation.

Pricing 156

Pricing Examples Training Email 156

Both Sides of the Table

DECEMBER 11, 2022

There was no money train. In those years I learned to properly build product, price products, sell products and serve customers. I was in it for the love of working with entrepreneurs on business problems and marveling at technology they had built. It was 1991. There were startups and a software industry but barely.

Venture Capital 466

Venture Capital Startup Marketing Pricing 466

Startup Professionals Musings

MAY 23, 2013

One of the toughest decisions for a startup is how to price their product or service. The alternatives range from giving it away for free, to pricing based on costs, to charging what the market will bear (premium pricing). In this more traditional product pricing model, the price is set at two to five times the product cost.

Pricing 116

Pricing Product Custom Customer 116

InfoChachkie

MARCH 4, 2019

In addition to creating a franchise chain which exceeded 500 locations at its peak, Martha Harper was also one of the world’s first social entrepreneurs, helping thousands of middle-class women create their own businesses and control their destinies. Social Entrepreneuring (Before It Was Cool). Martha’s Legacy Lives On.

Entrepreneur 100

Entrepreneur Class Template Patents 100

Startup Professionals Musings

MARCH 10, 2023

I recognize that entrepreneurs tend to substitute vision and passion for formal processes, but using no discipline or process in building something new is a sure way to spend money, rather than see any return and build a self-sustaining business. Show that you have a process to hire, fire, and train others as required.

Outsource Development 115

Outsource Development Startup Competition Ideas 115

Startup Professionals Musings

JUNE 18, 2014

He is regarded by many as the number-one authority on virtual staffing and personal outsourcing, and is himself a successful entrepreneur based in the Philippines. I was impressed with his summary of the top ten outsourcing mistakes made by entrepreneurs, followed by real guidance on how they can and should be avoided. Be flexible.

Outsource Development 92

Outsource Development Outsource Entrepreneur Startup 92

socalTECH

AUGUST 2, 2018

The Los Angeles Dodgers , along with Elysian Park Ventures , the private investment firm created by the ownership group behind the Los Angeles Dodgers specifically for investments in entrepreneurs in the areas of sports, technology, and entertainment, have launched and funded a new venture called E|L1.

Los Angeles 113

Los Angeles Redondo Beach Angel Coach 113

Startup Professionals Musings

APRIL 29, 2023

For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. If you can’t quantify or document your service for repeatability and new employee training, you will kill yourself trying to grow the business. Don’t let your service be viewed as a commodity.

Startup 111

Startup Training Services Writing 111

Startup Professionals Musings

OCTOBER 12, 2022

Every new entrepreneur has to initiate the right actions to be perceived as a leader in their chosen business domain by their team and by their customers, or the road to success and satisfaction will be lost along the way. No entrepreneur can build a business alone. Constantly strengthening your network of relationships.

Startup 127

Startup Training Entrepreneur Resource 127

Startup Professionals Musings

SEPTEMBER 11, 2015

Most aspiring entrepreneurs believe that a great idea alone will assure business success. In fact, I believe modern entrepreneurs need to be super sales people, in the most positive sense, to their team as well as customers. Your price and their value are not the same thing. Hardly anyone mentions selling principles.

Sales 106

Sales Entrepreneur Custom Customer 106

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. Investors want entrepreneurs to be aggressive, but don’t make projections that make you look like the next Google.

Entrepreneur 102

Entrepreneur Startup Pricing Sales 102

Startup Professionals Musings

AUGUST 3, 2020

For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. If you can’t quantify or document your service for repeatability and new employee training, you will kill yourself trying to grow the business. Don’t let your service be viewed as a commodity.

Startup 174

Startup Training Services Writing 174

Startup Professionals Musings

FEBRUARY 5, 2021

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. Investors want entrepreneurs to be aggressive, but don’t make projections that make you look like the next Google.

Startup 147

Startup Pricing Sales Statistics 147

TechCrunch LA

JULY 9, 2019

Founded by serial travel entrepreneur Katelyn O’Shaughnessy, whose last company TripScope was acquired by Travefy, Doctours aims to connect patients with doctors to receive access to quality, affordable healthcare around the world. O’Shaughnessy wrote in an email. Doctours is certainly entering a lucrative market.

Custom 225

Custom Customer Training Los Angeles 225

Startup Professionals Musings

DECEMBER 30, 2018

Most people think that being the best requires more intelligence, more training, and more experience. I saw this illustrated a while back in the classic sports book, “ Training Camp: What the Best Do Better Than Everyone Else ”, by Jon Gordon. I agree they certainly apply to the great entrepreneurs I have known.

Entrepreneur 99

Entrepreneur Training Slides Pricing 99

Startup Professionals Musings

DECEMBER 17, 2022

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Prices begin to decline quickly. The first customers are early adopters who are the least price-sensitive. Management overhead and skills required go up.

Startup 106

Startup Pricing Cloud Computing Custom 106

Startup Professionals Musings

JUNE 11, 2023

The challenge for every entrepreneur and every business is to understand the pragmatics of identifying and reacting to what their customers love and what they hate. Customers react poorly when they hear your value claims for them, and see more value to you (bottled water in your hotel room at a high price as a “convenience” to you).

Custom 131

Custom Customer Social Media Training 131

Startup Professionals Musings

MARCH 28, 2020

As an entrepreneur, it’s never too early to set the culture you need for a thriving business, as well as thriving employees, customers, partners, and vendors. I recommend that every aspiring entrepreneur and serious business professional take each one of these to heart from day-one of their startup: Talent is the whole ball game.

Startup 122

Startup Training Custom Customer 122

Startup Professionals Musings

SEPTEMBER 25, 2021

In fact, I often have to tell aspiring entrepreneurs that their inventions have zero value, at least not until they are put in the context of a business plan, with qualified people committed to executing the plan. Every inventor seems to think their invention is worth a million dollars, but I haven’t seen anyone pay that much for one yet.

Technical Review 156

Technical Review Funding Patents Ideas 156

Startup Professionals Musings

JUNE 7, 2015

Many entrepreneurs still don’t understand that building a business culture today of doing good, like helping people (society) and planet (sustainability), is also a key to maximizing profit. Employees and customers alike are looking for meaning, not simply employment and commodity prices. Craft your culture into an actionable plan.

Entrepreneur 117

Entrepreneur Organization Startup Pricing 117

Startup Professionals Musings

OCTOBER 21, 2023

Proof of any business model starts with a finished product or solution, sold to a new customer for full price, with high satisfaction for the value received. So what should an entrepreneur do to convince themselves, as well as potential investors, that they have a viable business model before it is totally proven?

Custom 109

Custom Customer Satisfaction Sales 109

Both Sides of the Table

OCTOBER 22, 2010

On why you should be an entrepreneur, “A lot of people do what they have to do. He wanted to create awareness for himself to generate marketing buzz and demand and then get the retail stores to pay wholesales prices for his cds. The most potent entrepreneur is the one that doesn’t NEED your money.

Entrepreneur 356

Entrepreneur Venture Capital Startup Email 356

Berkonomics

SEPTEMBER 24, 2020

My immediate family members were entrepreneurs from as far back as I can trace. So, it seemed perfectly natural that my brother and I find our separate callings as entrepreneurs from the very start. First, our family DNA made us comfortable talking about risk and self-discovery in running a business, even without formal training.

Press 156

Press Entrepreneur Training Equity 156

Startup Professionals Musings

DECEMBER 4, 2016

Most people think that being the best requires more intelligence, more training, and more experience. I saw this illustrated a while back in the classic sports book, “ Training Camp: What the Best Do Better Than Everyone Else ”, by Jon Gordon. I agree they certainly apply to the great entrepreneurs I have known.

Entrepreneur 105

Entrepreneur Training Slides Pricing 105

Startup Professionals Musings

AUGUST 28, 2022

Many entrepreneurs still don’t understand that building a business culture today of doing good, like helping people (society) and planet (sustainability), is also a key to maximizing profit. Employees and customers alike are looking for meaning, not simply employment and commodity prices. Craft your culture into an actionable plan.

Organization 143

Organization Startup Pricing Custom 143

Startup Professionals Musings

FEBRUARY 26, 2012

Most aspiring entrepreneurs believe their initial idea and inspiration requires the most important creative thinking. Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Think the unthinkable.

Ideas 109

Ideas Entrepreneur Patents Training 109

Startup Professionals Musings

JULY 19, 2014

Almost instantly, via the Internet or on their smartphone in the store, they can find the lowest price alternative or their favorite features, without waiting for push marketing or listening to your best sales person. As an entrepreneur and startup, you should love this environment and cater to it. Marty Zwilling. Bloom startup'

Custom 98

Custom Customer Entrepreneur Startup 98

Startup Professionals Musings

DECEMBER 26, 2010

One of the toughest decisions for a startup is how to price their product or service. The alternatives range from giving it away for free (like Twitter), to pricing based on costs, to charging what the market will bear (premium pricing). Portfolio pricing. Tiered or volume pricing. Freemium” model.

Pricing 98

Pricing Product Startup Competition 98

Startup Professionals Musings

FEBRUARY 27, 2017

In my role as an advisor to startups, I often have to remind entrepreneurs to think more like sales people from day one, in finding a real problem to solve and designing the solution. The lowest price is not always the real customer motivator. That’s a recipe for business success that I recommend to every entrepreneur and professional.

Sales 82

Sales Entrepreneur Custom Customer 82

Startup Professionals Musings

DECEMBER 2, 2022

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. New entrepreneurs tend to focus only on product direct costs, and underestimate marketing and sales costs, overhead costs, and support costs. Revenue model.

Sales 102

Sales Custom Customer Outsource 102

Startup Professionals Musings

MAY 30, 2022

Early-stage entrepreneurs rightly keep their focus on creating an innovative product or service. That’s where I see too much entrepreneur burnout, growth plateaus, and founders being replaced, to their chagrin. Of course, not every entrepreneur wants to tackle this challenge. There is no free lunch.

Sales 147

Sales Metrics Guide Startup 147