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7 Keys To Teaming With The Right Mentor For Success

Startup Professionals Musings

Why is it that only the most successful entrepreneurs , including Mark Zuckerberg, Bill Gates, and Richard Branson, admit to having a mentor and actually use them? Obviously, I’m a big fan of business mentors based on my own experience, since I have been at different times on both the contributing and receiving end of the relationship.

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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.

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8 Steps To A Satisfying And Successful Business Exit

Startup Professionals Musings

As a mentor to many entrepreneurs, I also encourage an entrepreneur exit focus early, and I really like the specific steps outlined in the classic book, “ Exit Signs ,” by Pamela Dennis, who has helped companies through this critical transition for decades. New startup founders keep all the operating metrics they need in their head.

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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. You need advisors and a board of directors, but they require regular communication and reporting, a strategic plan, and discipline.

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5 Keys To Satisfaction When Starting A New Business

Startup Professionals Musings

As a mentor to many aspiring entrepreneurs, I’m often asked what it takes to get satisfaction from this lifestyle. Put it behind you by setting your own realistic metrics for success and happiness. The rewards, as reported by everyone who has been there, will still be well worth it. One alternative is to become an entrepreneur.

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8 Personal Objectives That Should Drive A New Startup

Startup Professionals Musings

Assess who you can get for value and mentoring. You may be comfortable driving your future based on vision and emotion, or have long been a stickler for details and metrics. Overall, I’m happy to report that new business owners and entrepreneurs who do their homework are happier and healthier than other business professionals.

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8 Keys To Preparing Early For Your Next New Venture

Startup Professionals Musings

As a mentor to many entrepreneurs, I also encourage an entrepreneur exit focus early, and I really like the specific steps outlined in the classic book, “ Exit Signs ,” by Pamela Dennis, who has helped companies through this critical transition for decades. New startup founders keep all the operating metrics they need in their head.

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