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8 Potential Entrepreneur Assists From Your Alma Mater

Startup Professionals Musings

The lesson of finding help, connections, and even funding where other people may never look is one that makes all the difference in the entrepreneur lifestyle. Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front.

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Mentor Secrets for Keeping Your Startup Alive

Startup Professionals Musings

Every startup mentor has his favorite list of basic strategies to avoid pitfalls, and I’m no exception. I offer these pragmatic recommendations: Buffer your funding requirements. Consider both the money you need before funding, and the size of investor funding requests. Severe cash flow problems may not be recoverable.

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6 Drivers For Aspiring Entrepreneurs To Finish School

Startup Professionals Musings

Take advantage of free startup programs and mentors. They provide peer group organizations, usually called incubators, with free resources, practice environments, and outside mentoring that can help you learn and pivot with minimal cost. School mentors, professors, and peers will give you the critical feedback without passing judgment.

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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Count on six months from beginning the funding process until a new check is cashed. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day. You will make mistakes.

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8 Ways Your Old School Can Energize Your New Venture

Startup Professionals Musings

The lesson of finding help, connections, and even funding where other people may never look is one that makes all the difference in the entrepreneur lifestyle. Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front.

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How To Make The Most Of Your DNA As An Entrepreneur

Startup Professionals Musings

I’ve always wondered if there was some way that I could quickly deduce a new entrepreneur’s “sweet spot,” and optimize my mentoring to those strengths and weaknesses, maybe similar to the Myers-Briggs type indicator for business professionals. Ultimately, most get the best help from business advisors and mentors.

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6 Success Stages Every Entrepreneur Idea Has To Pass

Startup Professionals Musings

As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. There are lots of resources available for that question, including the Internet and mentors like me. File at least a provisional patent and one or more trademarks. Make ‘em want it bad (pitch it).

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