Startup Professionals Musings
DECEMBER 13, 2019
When you are starting a new business, every resource is precious, including time, funding, and people. Some chaos is normal in every new business, but many wait far too long before they install metrics based on “best practices,” and fail to attack obvious bottlenecks with a vengeance. Outsourcing services that could be done in-house.
Startup Professionals Musings
MARCH 10, 2023
As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business.
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Startup Professionals Musings
JUNE 7, 2020
As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business.
Startup Professionals Musings
MAY 4, 2020
Define success metrics, and measure progress regularly. Too many entrepreneurs I know burn themselves out as this burden grows, and they are hesitant to use available tools or outsourcing non-critical tasks to allow scaling. If you have completed four out of five milestones, we can both see success in your future.
Startup Professionals Musings
MARCH 2, 2020
Don’t assume you can outsource the implementation decisions. Create a written plan, with target milestones and metrics. Yet there are clearly some positive steps I can recommend for getting you (and him) over the bridge: Find a co-founder who has been there and done that.
Startup Professionals Musings
MAY 24, 2015
As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business.
Startup Professionals Musings
MAY 4, 2014
Use a simple accounting tool like QuickBooks, get away from co-mingled funds, and you have the first business process you need. Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. If you are contracting or outsourcing, this is even more important. Funding process.
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