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6 Due Diligence Goals When Vetting Business Partners

Startup Professionals Musings

In every case, a partner can be an asset, bringing new skills and perspectives to the business; or a burden, making every decision more difficult, and taxing your lifestyle satisfaction. You need to do the due diligence to make that decision before you sign away your equity. Always make sure you can enjoy some fun together.

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6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

Thus I was pleased to see my own insights covered in a new book, “ Why Startups Fail ,” by Tom Eisenmann, a Harvard Business School professor, who has mentored many more entrepreneurs, and authored more than a hundred HBS case studies from real-world startups. Needed help can be your biggest burden.

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8 Ways To Ensure Customer Interactions Are Memorable

Startup Professionals Musings

For example, I commonly see metrics to keep track of revenue per employee, overtime, and absenteeism, but I don’t often see measures of overall customer satisfaction with individual employees. Studies show that peer recognition programs are often more effective than bonuses or cash rewards. That approach still is meaningful today.

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6 Keys to Superior Thinking in Business Innovations

Startup Professionals Musings

When I dig deeper, I find that many of you are easily excited by a great new idea, but fail to diligently follow a validation process to test the limits of your thinking, before proceeding to rollout. She is an expert on the study of innovation, and professor at Columbia Business School. Don’t just accept your first breakdown.

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How To Prevent Gaps in An Innovative Startup Strategy

Startup Professionals Musings

In fact, it’s all about the “focus” required to get early stage technology products across the deadly chasm from early adopters to mainstream customers. There are other chasms out there just as deadly as the technology one, such as the ones below: Market requirements chasm. Product development chasm. Marketing and sales chasm.

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6 Keys To Thriving In This New Era Of Remote Services

Startup Professionals Musings

In my experience, the good news is that everyone is becoming more and more comfortable with relationships via the new media and technology. Here is my list of some key recommendations to help you get your fair share of business: Customize and personalize every communication you can. Make sure clients know how you manage your business.

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5 Keys To Satisfaction From Solving Market Challenges

Startup Professionals Musings

After some review of available resources, I’m convinced that problem solving is a learnable trait, rather than just a birthright. Whether you are charting new territory for pricing models or technology, there is rarely a perfect solution. A good alternative is to enlist the help of a business mentor you can trust.