Remove Mentor Remove Metrics Remove Organization Remove Satisfaction
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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. Utilize all the avenues for networking, including industry conferences, investor meetings, peer gatherings, and local civic organizations, to make your presence and value known.

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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. A growing team needs skilled managers and an HR organization. The market is unpredictable and changes fast.

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9 Stages to Building a Robust And Rewarding Business

Startup Professionals Musings

Implement the key business metrices you will live by. Identify the three most important metrics your business must hit every week to achieve growth goals. Increase you focus on coaching, training, and mentoring. These are the timeless principles that must guide all hiring, marketing, and execution decisions.

Metrics 140
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6 Building Blocks Make Amazon A Global Market Leader

Startup Professionals Musings

As a mentor to entrepreneurs, I often get asked for the magic that has made Amazon the world's most valuable brand , from a total unknown only twenty years ago. They present a convincing story that every entrepreneur has the same potential, but most get sidetracked and bogged down by their technology, competitors, and internal organization.

Marketing 123
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8 Career Advancement Principles Of Ownership Thinking

Startup Professionals Musings

After various roles in this one, he worked his way up the corporate ranks to run the organization of now almost 30,000 stores. Quantify your results in terms of cost per transaction, higher customer satisfaction, lower prices, and profit per employee, rather than number of transactions or hours worked.

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8 Problem-Solving Practices Give Startups Success

Startup Professionals Musings

Creating an innovative new business is guaranteed to test your skills, patience and determination, and you need to derive satisfaction from the journey, as well as the destination. Don’t hesitate to call in an experienced advisor or mentor to help. Make sure there are metrics for problem counts, resolution time and revenue impact.

Startup 100
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5 Unpleasant Startup Surprises and How To Recover

Startup Professionals Musings

Delivery and cost milestones are missed, which derail marketing and rollout plans, de-motivate the supporting organizations, and drive costs into worst-case scenarios. Bring in expert advisors and mentors to set initial goals, and build recovery plans. Written product specifications and business plans pay big dividends.

Startup 105