Remove Invest Remove Mentor Remove Metrics Remove Satisfaction
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8 Elements Of Ownership Thinking And Startup Success

Startup Professionals Musings

I have personally worked as an employee of large businesses, as well as a partner in new ventures, and found the latter to have more potential for satisfaction. Smart business owners realize that no returns occur without some investment and risk. The return and satisfaction were greater than the cost.

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8 Tasks To Prepare You For Starting Your Own Business

Startup Professionals Musings

Based on my own experience as a mentor and angel investor, I find that as many as ninety percent of startups fail in the first five years, despite their best efforts. Define key metrics to measure progress and success. Use comparable metrics for managing team member results. Pick a name, location, and marketing strategy early.

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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. It’s an amazing ride, and there is no satisfaction like creating something out of nothing.

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8 Career Advancement Principles Of Ownership Thinking

Startup Professionals Musings

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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5 Unpleasant Startup Surprises and How To Recover

Startup Professionals Musings

Bring in expert advisors and mentors to set initial goals, and build recovery plans. Smart entrepreneurs have metrics for assessing their progress against milestones and regularly communicate new insights to the team. No matter how great your solution, it takes real marketing effort, content and investment to get attention these days.

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8 Essential Attributes of a Successful Mindset

Startup Professionals Musings

As a startup investor and mentor, I look beyond the façade to find these eight keys traits in the mindset of every entrepreneur. Sets realistic goals with milestones and metrics to gauge progress. Investors call this a willingness to put “skin in the game," and they won’t invest without it.

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8 Steps To A Positive Mindset And Business Success

Startup Professionals Musings

Thus most investors I know claim to invest in the person, rather than the product. In the same way, you may think that people assessment is all about skills and experience, but as a mentor to business owners, I have learned to look more for the right attitude, persistence, and determination, as success factors.