Invest Mentor Metrics Pricing 
Startup Professionals Musings
APRIL 28, 2021
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.
Startup Professionals Musings
NOVEMBER 30, 2022
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. They mentor each other, and seek out experts in domains outside their current expertise and experience.
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Startup Professionals Musings
SEPTEMBER 22, 2022
For example, many investors I know tell me they look for business plans that allocate the largest portion of a requested investment to marketing, but most often see the top “ use of funds ” to be further product or service development. Show customers how you bring more value to them. Seek out people who are already known in your space.
Startup Professionals Musings
AUGUST 7, 2020
In the short term you need customers to find you at any price, and in the longer term you need revenue, profit, and return loyalty. In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later.
Startup Professionals Musings
JANUARY 30, 2017
Yet, in my experience as a mentor to entrepreneurs, the majority of failures I see are related to starting and growing the business, not developing the solution. A successful business requires focus – define the customer need with a specific solution for a specific price and cost. Manage the business with metrics and goals.
Startup Professionals Musings
NOVEMBER 4, 2019
There are lots of resources available for the challenge of that activity, including the Internet and mentors like me. For inspiration, I recommend you watch a few episodes of the Shark Tank TV series, where entrepreneurs pitch their wares, looking for an investment and national visibility for their product or service.
Startup Professionals Musings
APRIL 1, 2019
Be willing to invest in effort, before expecting results. Every business owner understands the need for making an investment first, before realizing any return or instant gratification. Help your owner get beyond the misleading metrics of employee overtime and salary increases.
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