Startup Professionals Musings

OCTOBER 4, 2020

One of the biggest impediments to starting a new venture is the “ terror barrier ,” as popularized by Bob Proctor, a 85-year-old millionaire and world renowned entrepreneur. If you want to be an entrepreneur and start a new business, you must be willing and able to break through your terror barrier. Work on one step at a time.

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Startup Professionals Musings

OCTOBER 19, 2022

Yet as I mentor entrepreneurs around the country, crowdfunding still seems to be one of the least understood approaches to startup funding, with more myths than accredited angels and professional venture capital investors combined. The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return.

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Startup Professionals Musings

AUGUST 2, 2020

You don’t have to have previous startup problems to show resilience – everyone should have a story of tackling a tough challenge with minimal success, but using the failure to move on and achieve an objective. Evan Williams , for example, before cofounding Twitter, started a podcasting platform named Odeo.

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Startup Professionals Musings

OCTOBER 1, 2021

Everyone seems to espouse extrinsic motivations, such as getting rich, having power, and fulfilling parent dreams, when in fact a focus on satisfying internal interests and desires will likely lead to more success, as well as satisfaction. Satisfaction of doing something great. Helping others achieve their goals.

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Startup Professionals Musings

MARCH 18, 2023

It seems like every entrepreneur I meet these days is quick to proclaim themselves a visionary, expecting that will give more credibility to their startup idea, and improve their odds with investors. In reality, I’m one of the majority of investors who believe that startup success is more about the execution than the idea.

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Startup Professionals Musings

JANUARY 27, 2023

For example, I once had a business associate who loved to help his peers, which is a positive attribute, until he was unable to complete his own commitments on time, and his career was in jeopardy. Follow your own interests and business insights to increase satisfaction and long-term success. You must re-prioritize daily.

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Startup Professionals Musings

NOVEMBER 5, 2021

Everyone knows that startups are risky, but they also expect that the job will be exciting and potentially very lucrative (think early employees at Facebook and Google). The truly indispensable person in a startup is a problem solver, because every startup has plenty of problems. Educate yourself one notch up.

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Startup Professionals Musings

NOVEMBER 26, 2022

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Usually it pays to move a startup slower rather than risk relationships. Many times friends and family have been broken by failed investments.

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Startup Professionals Musings

AUGUST 23, 2021

Unfortunately, these goals are often mutually exclusive, and focusing on the wrong ones won’t bring you that business success and satisfaction you crave. Timing is critical for every startup. Of course, if you wait for the perfect time, you may never start. Should I start out alone, or assemble a team first?

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Startup Professionals Musings

DECEMBER 7, 2019

While starting a new business always involves tackling many new challenges, I’ve personally found myself reluctant to ask for help. Thus, in my consulting with entrepreneurs, I always encourage them to get more comfortable asking for help. Of course, there are good ways and bad ways to ask for help.

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Startup Professionals Musings

AUGUST 14, 2019

Many experts have tried to clearly lay out the criteria for survival in a way that allows you to judge your own situation and your own temperament, and make a rational decision before starting down this path. In other words, make sure your solution will scale up. In a startup, the entrepreneur leader has to do two things.

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Startup Professionals Musings

MAY 31, 2023

These haven’t changed much over the years, but still seem to be often overlooked by business professionals and leaders in their haste to keep up with peers, competitors, and customers in today’s volatile environment. The reality is that starting a business, as well is working an existing business, has always required perseverance.

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Startup Professionals Musings

JUNE 30, 2023

One of the biggest impediments to starting a new venture is the “ terror barrier ,” as popularized by Bob Proctor, a 85-year-old millionaire and world renowned entrepreneur. If you want to be an entrepreneur and start a new business, you must be willing and able to break through your terror barrier. Work on one step at a time.

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Startup Professionals Musings

FEBRUARY 24, 2021

As an advisor to many startups today, I still see that most of you entrepreneurs see yourselves as the sole driver of your new solution, and the key driver of your new business. Today, modern teams are engaged by a higher purpose , such as improving the environment or helping the underprivileged, more than just money and profit.

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Startup Professionals Musings

APRIL 23, 2023

After you have heard a few startup success stories, like Google, Facebook, and Microsoft, you may be tempted to invest some money yourself, maybe by pooling your funds with other investors who claim to have a great track record. My advice is to leave the investing in startups to the professionals (or friends and fools). By commission?

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Startup Professionals Musings

NOVEMBER 8, 2020

Hopefully, between the two of us, more of you with big business dreams will follow the leads and generate more successful business results: Start by getting your hands dirty. Never give up in the face of adversity. One of the biggest causes of startup failure is simply giving up too early. The time to get started is now.

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Startup Professionals Musings

OCTOBER 31, 2022

Trying to do everything is a sure way to maximize stress, lower job satisfaction, and minimize productivity. If you are not sure of your best fit, like many people I know, I just found help in a new book, “ The 6 Types of Working Genius ,” by Patrick Lencioni. I recommend that you start online to find data sources.

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Startup Professionals Musings

FEBRUARY 24, 2020

One of the most stressful and unanticipated challenges that comes with starting a new business is hiring and managing employees. While this approach appears to cost more on the surface, it often actually costs you less, when you consider the hidden costs of rework, poor customer satisfaction, employee management, and training required.

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Startup Professionals Musings

APRIL 4, 2020

If you are seriously looking to start the next billion-dollar startup, you need to get beyond the realm of enhancing a current solution. Rather than starting from a mindset of pushing the limits of technology, be determined to first find a customer need that can only be solved by the technology you know.

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Startup Professionals Musings

OCTOBER 23, 2017

As an advisor to startups, and a mentor to many aspiring entrepreneurs, I’m still surprised at the number who are determined to go it alone. Even worse, when they figure out that they really need help, the first place they look is for an intern or untrained helpers. A startup has enough unknowns, without ignorance of the basics.

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Startup Professionals Musings

JULY 30, 2022

Perhaps sparked by the recent pandemic, I’m seeing a new era of the entrepreneur, with startups springing up all around. Problems will occur in every startup, simply because you are stepping into uncharted territory. Don’t let it make your startup dysfunctional in resolving future challenges.

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Startup Professionals Musings

JUNE 20, 2020

Entrepreneurs need to be effective team leaders, since no one can transform an idea into a product and a business without some help. Otherwise, in my experience, the startup will fail. If you are not, your team will see right through it and you will be worse off than if you stayed locked up in your office.

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Startup Professionals Musings

JANUARY 30, 2022

Most investors and startup professionals expand this concept of focus to apply to key issues of every aspect of strategic and tactical planning in a startup. Customers need lots of help with installation, or can’t make the product work the way they expect.

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Startup Professionals Musings

MAY 8, 2022

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. People may jump into the lifestyle to be their own boss, achieve great wealth, start a new trend, or all the above.

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Startup Professionals Musings

OCTOBER 30, 2012

In any case, it is good form to offer compensation, such as a small monthly stipend, plus expenses, and perhaps a 1% ownership in your startup, to show your commitment. Book follow-up sessions, with an agenda, rather than fill time with random discussions. This will help the learning process and build the mentee’s confidence.

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Startup Professionals Musings

JULY 5, 2019

Don’t you wish you were better at saying “no” to all those extraneous requests for a bit of help at work? For example, as a software executive, I once had a talented engineer working for me who was always helping others, to the extent that he consistently missed his own project deadlines, and was ruining his health through lack of sleep.

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Startup Professionals Musings

JUNE 12, 2020

Most of you will start your business with plenty of passion and purpose, but all too often I see both disappearing after months of facing unanticipated setbacks and challenges. They feel the same passion that you and your team need to be reminded of on a regular basis to keep up the necessary level of energy, positivity, and commitment.

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Startup Professionals Musings

DECEMBER 7, 2015

According to several reliable reports , job satisfaction for employees is at an all-time low. As a mentor to many aspiring entrepreneurs, I’m often asked what it takes to switch and get real satisfaction from this lifestyle. Learn new skills that will make you an expert in that domain, and both satisfaction and wealth will follow.

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Startup Professionals Musings

SEPTEMBER 2, 2020

Out of curiosity, I often ask aspiring entrepreneurs like you, who come to me for help, what drives them to take on the workload and risk of a new startup. In my experience, entrepreneurs with an overwhelming desire to save the environment, or feed the hungry, have a huge head start in building a business.

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TechCrunch LA

SEPTEMBER 21, 2019

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Before I jump into today’s topic, let’s catch up a bit. Last week, I profiled an e-commerce startup Part & Parcel. Startup Spotlight: Landline. IPO Update.

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Startup Professionals Musings

NOVEMBER 25, 2022

After many years working in business and investing in startups, I’m convinced that the primary reason for new business and career failures is NOT a lack of skill or money, but people giving up too quickly on their dreams and goals. He went on to start many successful companies, including General Electric.

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Xconomy

SEPTEMBER 26, 2019

Zingle, a startup whose software is used by hospitality, travel, and retail industries to more easily and quickly connect with their customers via messaging, has been acquired for about $42 million in cash by Medallia, a publicly traded software company in San Francisco. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Startup Professionals Musings

FEBRUARY 29, 2020

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Usually it pays to move a startup slower rather than risk relationships. Many times friends and family have been broken by failed investments.

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Startup Professionals Musings

JULY 1, 2020

Based on my own experiences in startups, and many years of advising new business owners, I’m convinced that there are a few common frustrations that we all need to anticipate and prepare for, rather than let them be a surprise and a painful dent in your enthusiasm and personal satisfaction from living your dream.

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Startup Professionals Musings

NOVEMBER 22, 2017

Perhaps sparked by the now forgotten recession, I’m seeing a new era of the entrepreneur, with startups springing up all around. Problems will occur in every startup, simply because you are stepping into uncharted territory. Don’t let it make your startup dysfunctional in resolving future challenges.

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Startup Professionals Musings

OCTOBER 12, 2022

Every new entrepreneur has to initiate the right actions to be perceived as a leader in their chosen business domain by their team and by their customers, or the road to success and satisfaction will be lost along the way. Make an honest effort to help others. Your network of connections needs to grow with you and your business.

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Startup Professionals Musings

JUNE 30, 2021

By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. Yet I have learned over the years as a startup advisor that all business leaders are not the same. You generally don’t fix things by throwing them away and starting over. The time to get started is now.

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