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6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. Bill Gates was the technical genius, but Steve Ballmer, from Procter & Gamble, ran the business side of the equation.

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6 Benefits of Outsourcing and Freelancing In Startups

Startup Professionals Musings

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. Direct customer-facing non-technical roles should be the last ones outsourced. with experience.

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Baby Boomers May Be Your Biggest Startup Competitors

Startup Professionals Musings

Partially due to the economy, but also due to longer, healthier lives and changes in job tenure, Boomers are now expected to stay in the labor force longer, and according to a USNews article, will likely dominate the labor market by 2024. Here are some indicative entrepreneurial facts from recent Kauffman studies and others.

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Are You And Your New Venture Positioned For Success?

Startup Professionals Musings

Even the most diligent investors are often surprised by apparently solid business startups that fail, while others succeed, despite the odds. He cites several studies, in addition to his own experience, that highlight the following key people drivers to business success: Founders need to be driven by impact rather than money.

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Baby Boomers Are Surpassing Gen-Y As Entrepreneurs

Startup Professionals Musings

In fact, according to a study by the Ewing Marion Kauffman Foundation, these Boomers are actually driving a new entrepreneurship boom. Here is a summary of indicative facts from the earlier study referenced, an update published last year, and others. percent to 23.4 percent last year. They are becoming the new early adopters.

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5 Steps To Becoming A Great Business Problem Solver

Startup Professionals Musings

Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers. After some review of available resources, I’m convinced that problem solving is a learnable trait, rather than just a birthright. A good alternative is to enlist the help of a business mentor you can trust.

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Encore Entrepreneur Is The New Baby Boomer Lifestyle

Startup Professionals Musings

Partially due to the economy, but also due to longer, healthier lives and changes in job tenure, Boomers are now expected to stay in the labor force longer, and according to a USNews article, will likely dominate the labor market by 2024. Here are some indicative entrepreneurial facts from recent Kauffman studies and others.