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8 Disciplines for Transforming Ideas Into Businesses

Startup Professionals Musings

Entrepreneurs are people who dream up new ideas, and then commercialize them into new businesses. Most people believe that the hard part is coming up with the idea, and the easy part is turning it into a business. Normally the goal is to make enough money to be sustainable and provide a return on the investment of constituents.

Ideas 72
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10 Traits Demonstrate Entrepreneur Character Strength

Startup Professionals Musings

I realized it was consistent with my own view as a former angel investor, that investors invest in you, more than your solution. This means you set goals, milestones, and metrics, and are able to provide financial projections to support funding requirements. Shares views and learns from a personal mentor.

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8 People And Process Skills Required In Any Business

Startup Professionals Musings

I’m a believer in the old saying that investors look for great people, more than great ideas. During my time in Silicon Valley, I was struck by the fact that most successful entrepreneurs seemed to personally know and regularly hear from all the “movers and shakers” who had the investment capital and leadership they needed.

Startup 113
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8 Steps To A Satisfying And Successful Business Exit

Startup Professionals Musings

Although many won’t admit it, true entrepreneurs can’t wait to exit their current startup, and build a new and better one with their next great idea. For these reasons, I always look for an overt exit strategy in every startup I might consider for an angel investment. At minimum, you need to get an exit advisor to keep you on course.

Startup 99
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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. I realized that he and I see several common patterns that account for a large percentage of new venture failures.

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8 Activities To Satisfy Your Boss You Are Accountable

Startup Professionals Musings

One of the attributes that I often recommend to the business professionals and entrepreneurs I mentor is to always be totally accountable for your actions and ideas. Setting your own metrics, and measuring yourself , will facilitate accountability. Be available for mentoring and coaching to others.

Activity 109
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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Cash flow is a basic survival metric for every startup. 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. Desperate entrepreneurs lose their leverage and die young.