Startup Professionals Musings
FEBRUARY 13, 2021
In my role as advisor and mentor to many new entrepreneurs, I often find myself suggesting that they think bigger. I do recommend non-disclosures and patents, but more can be gained than lost by talking to outside experts. Then you need to set goals and metrics to use as the benchmark for your own results and expectations.
Startup Professionals Musings
MAY 14, 2023
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Startup Professionals Musings
AUGUST 19, 2020
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.
Startup Professionals Musings
MARCH 2, 2020
Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. Create a written plan, with target milestones and metrics. I have tried to convince him the general idea alone does not make a business. His challenge is to focus on one market, with a specific design, cost, and price.
Startup Professionals Musings
NOVEMBER 29, 2019
As a mentor to many aspiring entrepreneurs, I challenge them to think beyond what I call linear extensions to a current trend, such as another “easier-to-use” app for smartphones, a new dating site for pets, or another niche social network. Why doesn’t this product or service already exist? Keep alternative business models on the table.
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. Any startup with no patents, trade secrets, or other secret sauce is very high risk today. This is the point where you must manage to metrics, work on the culture of the organization, and look for partner-based growth.
Startup Professionals Musings
SEPTEMBER 29, 2018
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.
Expert insights. Personalized for you.
162 
Let's personalize your content