Startup Professionals Musings

APRIL 4, 2021

Every startup founder feels the pressure of the thousands of things that need to get done, all seemingly at the same time. There is just not enough time! The real solution is better productivity and less procrastination, to put you back in control of your business. Making the time to organize yourself will save you time.

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Startup Professionals Musings

JUNE 27, 2022

If an entrepreneur doesn’t find themselves in over their head at least 20% of the time, they are probably not pushing the limits, not taking enough risk, and probably not working on an idea that’s worth doing. Unfortunately, too many entrepreneurs I know are terrible at finding and accepting help.

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Startup Professionals Musings

OCTOBER 2, 2021

One of the most important skills for every entrepreneur is timely and effective decision making. The best entrepreneurs relish this role, while others struggle mightily and ultimately lose their health and their company. Your job as entrepreneur or executive does not end with picking a solution.

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Startup Professionals Musings

DECEMBER 19, 2020

Studies of software teams, for example, show differences as great as ten to one in productivity between working team members. Much has been written about the external influences of office environments, motivation, and personal health impacts, but I see evidence that there are personal productivity tactics that contribute just as much.

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Startup Professionals Musings

MARCH 3, 2023

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.

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Startup Professionals Musings

OCTOBER 1, 2022

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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Startup Professionals Musings

JANUARY 25, 2021

Every entrepreneur I know can’t find enough hours in a day to do the good things they want, and yet they often find themselves saying yes to new requests. In addition to saying yes too often, some entrepreneurs under pressure say no poorly, by attacking the requestor or by avoiding any definitive response.

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Startup Professionals Musings

APRIL 26, 2014

Many entrepreneurs fantasize about days longer than 24 hours, convinced that their new venture could change the world, if they just had more time. Every person, no matter what their passion, needs to revisit the principles of time management from time to time. Sometimes the right answer is to revise the goal.

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Startup Professionals Musings

AUGUST 18, 2021

The message I hear publicly from most entrepreneurs is that you have to think outside the box and take big risks to ever beat the odds and be among the less than ten percent that experience real success. Serious entrepreneurs will privately admit the business is first, and the family second. There will be time for friends later.

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Startup Professionals Musings

DECEMBER 4, 2022

As a startup advisor and investor, I’ve met many aspiring entrepreneurs, and I often get asked the question, “I have a great idea for a startup – do you agree that it real potential?” If you are dreaming of an opportunity to get rich quick, the entrepreneur route is not for you. You enjoy building relationships as well as products.

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Berkonomics

NOVEMBER 12, 2020

Can you create a product in a vacuum? Creating a new product in a relative vacuum is an exercise in complete trust that you know what’s best for the customer, perhaps even without interaction with such a customer. Seeking, then analyzing responses allows you to make changes to the plan and product in response.

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Startup Professionals Musings

NOVEMBER 28, 2020

The rate of new entrepreneurs increased between 2013 and 2019, from 280 out of 100,000 to 310 out of 100,000 of the adult population. Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever. Marty Zwilling.

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Startup Professionals Musings

SEPTEMBER 16, 2023

The rate of new entrepreneurs increased between 2013 and 2021, from 280 to 360 out of 100,000 of the adult population. Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever. The cost of social media done well is low.

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Startup Professionals Musings

AUGUST 27, 2022

Most entrepreneurs believe they are “different,” but they can’t quite understand how. The classic book, “ Hunting in a Farmer's World: Celebrating the Mind of an Entrepreneur ,” by serial entrepreneur and business coach John F. Dini makes the case that entrepreneurs are hunters, while the rest of us (large majority) are farmers.

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Startup Professionals Musings

AUGUST 2, 2021

New entrepreneurs routinely jump into a startup with a full charge of passion and energy, but often find themselves drained of both after a few months by the workload and challenges. Of course, this same challenge extends well beyond the entrepreneur, into all walks of life and work. These keys are meaning, interactions, and energy.

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Startup Professionals Musings

DECEMBER 19, 2022

As a startup advisor, I see many aspiring entrepreneurs whose primary motivation seems to be to work part time, or get rich quick, or avoid anyone else telling them what to do. Yet, for those with more realistic expectations and the right motivation, the entrepreneur lifestyle can be the dream life you envisioned.

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Startup Professionals Musings

OCTOBER 14, 2020

Every startup founder feels the pressure of the thousands of things that need to get done, all seemingly at the same time. There is just not enough time! The real solution is better time management to put you back in control of your life. The real reason is that these people don’t manage their time well. Skip those.

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Startup Professionals Musings

FEBRUARY 6, 2021

I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. Here are ten of the key questions that apply equally well to the world of startups and entrepreneurs, as they do to large organizations.

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Startup Professionals Musings

MAY 20, 2020

As I was watching the investor show, Shark Tank , on TV the other night, I was struck by how quickly and how extensively the sharks focused on the background and character of the entrepreneurs, compared to time spent evaluating their products. These can be honed over time, and can’t be easily faked.

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Startup Professionals Musings

FEBRUARY 5, 2023

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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Startup Professionals Musings

DECEMBER 23, 2022

For example, as an entrepreneur, you need investors, so you need to start networking early, because they won’t find you. How much of your time and focus do you spend today on building and nurturing these relationships that count? Nothing could be further from the truth. Ask questions to find common goals and interests.

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Startup Professionals Musings

JUNE 9, 2021

Many budding entrepreneurs struggle mightily with that first step – out of their comfort zone and into the unknown. They keep asking people like me whether the time is right, and the truth is that there’s never an ideal time to start your own business. There's no better time, especially if people around you are hesitating.

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Startup Professionals Musings

DECEMBER 11, 2022

After many years of working with angel investors seriously trying to find new ventures worthy of their hard-earned money, I find their frustration often exceeds that of entrepreneurs sincerely looking for financial help. Investors are looking to buy a chunk of the business, not the product. Ask only for the money you can justify.

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Startup Professionals Musings

DECEMBER 27, 2020

I believe these principles, paraphrased here, should be adopted by every entrepreneur struggling to accomplish innovation in a startup in any market: Innovation can come from anywhere in the organization. Some experts have long felt it is easier to make something 10 times better than it is to make it 10 percent better.

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Startup Professionals Musings

MARCH 15, 2023

As an advisor to entrepreneurs and active angel investor, I often get questions about the realism of the Shark Tank TV series, compared to professional investor negotiations. Yet the process is eerily realistic, and every entrepreneur can glean some important lessons. There is no substitute for knowing your business.

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Startup Professionals Musings

MAY 18, 2022

As you know, growing a business is hard, especially the first time. In my years as a business advisor, I have seen many of you crash and burn the second time around, despite the confidence. Here are some key insights that I and others have collected for mature company leaders, as well as serial entrepreneurs.

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Startup Professionals Musings

APRIL 27, 2020

For some reason, too many aspiring entrepreneurs I know seem to focus on “actions” rather than “results.” These are not the entrepreneurs that I want to support, since I’m well aware that running a startup is far more complex, albeit more satisfying, than most conventional roles in established enterprises.

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Berkonomics

MAY 9, 2024

If your vision is for a product or service that fills a need in a mature industry, you may be flying against the prevailing winds as a market shrinks over time, taking your business with it. If the market is ten times that size, there is probably room for competitors to fight for dominance and still succeed if you are not number one.

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Startup Professionals Musings

JANUARY 2, 2015

If you define your self-worth as an entrepreneur by how busy you are, it’s time to find another lifestyle. For survival, entrepreneurs need to be all about accomplishing results that matter for themselves, their team, and their customers. That’s productivity. That is a huge hit on productivity.

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Startup Professionals Musings

AUGUST 1, 2012

Every startup founder feels the pressure of the thousands of things that need to get done, all seemingly at the same time. There is just not enough time! The real solution is better productivity and less procrastination, to put you back in control of your business. Making the time to organize yourself will save you time.

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Product Entrepreneur Email Customer 117

Startup Professionals Musings

JULY 10, 2023

Most of the time, I’m all about providing encouragement and inspiration to entrepreneurs. They need it and they deserve it, because entrepreneurs are the lifeblood of our economy. More accurately, marketing is the process of convincing people that they need your product. That’s not so easy or fun.

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Startup Professionals Musings

OCTOBER 10, 2021

Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. The good news is that early adopters are never reluctant to sign up as beta customers and will provide you early feedback on product quality. Psychologists call this the confirmation bias.

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socalTECH

SEPTEMBER 23, 2019

So, to help other female entrepreneurs, they founded TuesdayNights (www.tuesdaynights.org), a group in LA which helps female entrepreneurs connect with capital and each other to improve their access to capital. What is the most difficult challenge that women entrepreneurs face?

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Startup Professionals Musings

MARCH 11, 2020

In my own experience as a startup advisor and mentor, I find that entrepreneurs who can’t attract and maintain a highly motivated team rarely even get off the ground. There are many ways to add levity to a tough challenge, and engaging the team occasionally in some fun activities will work wonders for your team’s productivity and motivation.

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Startup Professionals Musings

NOVEMBER 8, 2021

Being called a lifestyle entrepreneur should be a point of pride, not an insult. Of course, even lifestyle entrepreneurs want to be happy, and want their business to be “successful.” If you are living your passion, you want to interact with customers, and “touch and feel” the product every day. According to William R.

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Startup Professionals Musings

JUNE 20, 2022

But most of us in business have to deal most of the time with weak signals, or change that is happening in a far more subtle way. Recognizing and interpreting weak signals into timely decision making is critical to your business, and it takes skill and focus. The challenge is knowing what to look for, and how to react.

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Startup Professionals Musings

JUNE 25, 2021

It seems like everyone wants to be an entrepreneur and get rich these days. It’s really a multi-step process, with the first step getting you from an idea to a viable product, and the remaining steps creating a sustainable business. Before you get too excited, it’s time to do some homework. Now get real (cook it).

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