article thumbnail

7 Personal Decisions That Delineate Your Best Startup

Startup Professionals Musings

Unfortunately, these goals are often mutually exclusive, and focusing on the wrong ones won’t bring you that business success and satisfaction you crave. Yet, I find that most of us don’t have the financials for that option, so we must share the equity, control, and reward, and rely on funding from family, friends, and professional investors.

Startup 159
article thumbnail

4 Keys To A Successful Integrity Check With Investors

Startup Professionals Musings

If there are conflicts within the team, or differing views of the strategy, or evidence of missing processes and tools, the investment process will likely be terminated. Use this opportunity to validate their satisfaction and support for your company and your solution. Visit reference customers, partners, and vendors.

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 Advantages That Local Small Business Owners Enjoy

Startup Professionals Musings

It seems that most of you entrepreneurs I meet in my role as business advisor are convinced that starting a new business requires equity investors, exponential growth, and a plan to go public via IPO. Personal income is related to operations versus equity. With major investors, your equity and return is diluted and delayed.

article thumbnail

9 Keys To Employing Social Media To Grow Your Startup

Startup Professionals Musings

He suggests you begin with the “big three” business objectives of higher revenue, reduced costs, and improved customer satisfaction. Tracking public sentiment over time provides invaluable insight and gives you the chance to stay right on top of changes in the marketplace and your organization’s brand equity.

article thumbnail

How To Prepare Your New Venture For Investor Scrutiny

Startup Professionals Musings

If there are conflicts within the team, or differing views of the strategy, or evidence of missing processes and tools, the investment process will likely be terminated. Use this opportunity to validate their satisfaction and support for your company and your solution. Visit reference customers, partners, and vendors.

article thumbnail

10 Sharing Principles Propel Many Current Businesses

Startup Professionals Musings

Offer equity in future projects to people outside your business. Establish vehicles, like a formal customer satisfaction program, to recognize and reward staff and customers for sharing what they can do to help you. In the idea stage, get customers involved with an engaging contest. Shared knowledge packaging (shareability).

article thumbnail

9 Strategies For Maximizing Your Social Media Impact

Startup Professionals Musings

He suggests you begin with the “big three” business objectives of higher revenue, reduced costs, and improved customer satisfaction. Tracking public sentiment over time provides invaluable insight and gives you the chance to stay right on top of changes in the marketplace and your organization’s brand equity.