article thumbnail

7 Steps To Greater Satisfaction As A New Entrepreneur

Startup Professionals Musings

In my role as mentor to many of you aspiring entrepreneurs, I often find you convinced that all you need to start is a unique innovation or idea , and now you are ready to jump in with both feet and enjoy the ride. I’m always impressed when I see very young people running a lemonade stand, selling t-shirts, or servicing a newspaper route.

article thumbnail

6 Ideas To Recover From Business Resource Challenges

Startup Professionals Musings

Adding priced services is another way to augment a product business. Others proceed to the neutralizing stage , which means they tackle problems as they are encountered, and get some satisfaction by finding a way around each one. That’s a win-win relationship, which almost always takes less time and money than building something new.

Resource 112
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does Your Entrepreneur View Match Your Startup Stage?

Startup Professionals Musings

Many entrepreneurs have a passion and an idea, or even invent a new product, but are never able to execute to the point of creating a startup. Thus, in my view, entrepreneurship is an evolution of an idea through a series of developmental stages, culminating in a self-sustaining business. Startup and development stage.

article thumbnail

9 Strategies For Implementing An Innovative Business

Startup Professionals Musings

Many people believe that new ideas are the critical element of innovation, but in my experience as a mentor and investor, long-term business success is more about implementation than ideas. Everyone has ideas, but only a few can make them happen. We are looking for people who can lead a team and turn any idea into a business.

article thumbnail

6 Ways To Build A Business Based On A Higher Purpose

Startup Professionals Musings

For your own happiness and satisfaction, I recommend you start instead working from that higher purpose and passion. All too often, business owners find the financial returns alone do not provide the long-term satisfaction and success they assumed would come with all the hard work and challenges that come with every business, large or small.

article thumbnail

Maintain Your Startup Motivation While Working Harder

Startup Professionals Musings

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. This is the confirmation that your product or service fills a real need in the marketplace.

Startup 118
article thumbnail

Balance Your Focus Between Passion And Perspiration

Startup Professionals Musings

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. This is the confirmation that your product or service fills a real need in the marketplace.