Startup Professionals Musings

SEPTEMBER 9, 2020

In my own business career, many years as a business advisor, and mentor to aspiring entrepreneurs, I have validated the following strategies to practice and guide you. Make sure that you implement a metric with each solution, to prevent the issue from recurring, and check for side effects and follow-on side effects.

Satisfaction 152

Satisfaction Mentor Study Startup 152

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. Gather your resources before scaling the business.

Technical Review 131

Technical Review Case Study Mentor Software Review 131

Startup Professionals Musings

AUGUST 19, 2022

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Use data analysis and metrics to measure for results. Subjectively measuring employee engagement.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Startup Professionals Musings

SEPTEMBER 22, 2022

For example , Bill Gates shared a mentoring relationship with Warren Buffett that increased the credibility of both, although their business domains were quite different. Allocate resources to handle bumps along the way. Seek out people who are already known in your space.

Marketing 133

Marketing Customer Custom Outsource Development 133

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. Buffer your projected resource requirements.

Search Engine Optimization 103

Search Engine Optimization Outsource Development Social Media Equity 103

Startup Professionals Musings

JULY 15, 2020

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

Metrics Entrepreneur Coach Satisfaction 140

Startup Professionals Musings

AUGUST 14, 2015

In my perspective as an advisor and mentor to many entrepreneurs, there are a set of basic strategies that can be applied to every startup to dramatically improve the odds of success, no matter what the business domain. These include the following: Take inventory of your resources before you start.

Startup 101

Startup Metrics Resource Mentor 101

Startup Professionals Musings

SEPTEMBER 9, 2015

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. These are risks that can be mitigated with the right resources. Use metrics to measure results of marketing initiatives.

Startup 115

Startup Resource Metrics Entrepreneur 115

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. Do you have the resources to build a business? Keep alternative business models on the table.

Entrepreneur 126

Entrepreneur Ideas Resource Examples 126

Startup Professionals Musings

AUGUST 27, 2014

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. These are risks that can be mitigated with the right resources. Use metrics to measure results of marketing initiatives.

Startup 113

Startup Resource Metrics Entrepreneur 113

Startup Professionals Musings

FEBRUARY 17, 2018

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. These are risks that can be mitigated with the right resources. Use metrics to measure results of marketing initiatives.

Resource 64

Resource Metrics Entrepreneur Customer 64

Startup Professionals Musings

JUNE 2, 2019

Based on my own experience in large and small businesses, as well as mentoring entrepreneurs, here is my list of behaviors which will keep you ahead of the pack: Focus on managing relationships more than tasks. The best leader personality for larger organizations is one of providing help and resources, rather than extracting performance.

Tips 97

Tips Mentor Coach Metrics 97

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. Buffer your projected resource requirements.

Search Engine Optimization 124

Search Engine Optimization Outsource Development Social Media Equity 124

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. Unfortunately, I see good startups fail simply because they don’t have the resources or intellectual property to stay ahead of copycats or big players who see the potential as soon as you step into the marketplace.

Ideas 94

Ideas Slides Technical Review Patents 94

Startup Professionals Musings

FEBRUARY 5, 2020

As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer , I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. You need your best people and real resources dedicated to early marketing and branding.

Startup 131

Startup Entrepreneur Examples Customer 131

Startup Professionals Musings

MAY 13, 2020

As a mentor to entrepreneurs over the years, I see many of you who don’t communicate enough, others who seem to do all the talking, and some that are hesitant to be direct and open. You as the leader have a responsibility to define goals, strategy, and operational metrics. Always open to be influenced by new information.

Startup 124

Startup Ideas Examples Metrics 124

Startup Professionals Musings

MARCH 2, 2020

Finally, implementation requires a commitment of real money and other resources that can’t be written off so easily as an idea ahead of it’s time. Create a written plan, with target milestones and metrics. In addition, creating a business requires leading and interacting with other people, including partners, investors, and customers.

Ideas 126

Ideas Writing Examples Outsource 126

Startup Professionals Musings

MAY 30, 2014

Every entrepreneur I know is short on resources, including time, money, and skills. The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. Productive processes start with a plan, and end with metrics that measure value delivered.

Entrepreneur 115

Entrepreneur Resource Training Product 115

SoCal CTO

JANUARY 26, 2010

What metrics are going to be the key startup metrics and how do we get those metrics without too much cost? More on the Role of the Startup CTO I actually had a fairly hard time finding good resources that describe this issue. Eric Ries, a great resource, What Does a Startup CTO actually do?

Fractional CTO 225

Fractional CTO CTO CTO Hire CTO Coach 225

Startup Professionals Musings

JUNE 22, 2015

Set your own metrics and rewards to map to results. Provide mentoring and self-learning opportunities. Most startups don’t have the time or resources to send team members to formal training classes, either in-house or off-site. Practice an “up or out” growth policy to prevent role stagnation. This doesn’t work in a startup.

Startup 99

Startup Mentor Layoffs News 99

socalTECH

OCTOBER 26, 2016

We select ten per class, and help those startups connect with mentors and other people in that local environment who can be helpful to the business. Since then, we've replicated the model with a local managing director, local mentors, and have expanded to roughly 25 different programs around the world. billion combined.

Startup 100

Startup Los Angeles Mentor Class 100

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. Buffer your projected resource requirements.

Startup 89

Startup Search Engine Optimization Outsource Development Social Media 89

Startup Professionals Musings

SEPTEMBER 14, 2016

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. Buffer your projected resource requirements.

Startup 108

Startup Search Engine Optimization Outsource Development Social Media 108

Tech.Co

APRIL 30, 2018

Lovelytics has utilized many of the resources and benefits Arlington has to offer, which led to early success, new clients, and a growing network of partners and mentos for our team,” said Scott Love, CEO and founder of Lovelytics. This one-stop-shop interface aims to save time, money and simplify the freight process. “We’ve

Startup 70

Startup Tool Platform Metrics 70

Startup Professionals Musings

APRIL 17, 2017

Yet if you don’t spend some resources preparing for the changes in the marketplace we already know about, there may be no tomorrow for your business. In my years of mentoring and advising business leaders, I find that real planning for the future always gets the short shrift. It’s not enough to merely talk about these changes.

Company 55

Company Companies Artificial Inteligence Technical Review 55

Startup Professionals Musings

DECEMBER 10, 2017

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Use data analysis and metrics to measure for results. Subjectively measuring employee engagement.

Tool 53

Tool Entrepreneur Statistics Metrics 53

Startup Professionals Musings

OCTOBER 5, 2014

Cashflow 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 cashflow personally every day. Buffer your projected resource requirements.

Entrepreneur 105

Entrepreneur Search Engine Optimization Outsource Development Social Media 105

Tech Zulu Event

JANUARY 30, 2012

We make it trivial to quickly aggregate and monitor your key metrics in real-time! Created by Howard Marks, co-founder of Activision, and Paul Kessler, one of the most prolific investors in Los Angeles, Start Engine will provide local startups with the essential resources and counsel they need to become successful, self-directed businesses.

CalTech 91

CalTech Company Companies Idealab 91

Startup Professionals Musings

JANUARY 6, 2021

Unfortunately, with limited resources, this isn’t possible, and it frustrates customers and the team. It’s important to define your growth strategy, document it, communicate it to your team, and align metrics and employee rewards to target goals. Utilize outside expertise and mentoring.

Technical Review 160

Technical Review Technical Advisors Startup Mentor 160

SoCal CTO

NOVEMBER 10, 2009

For me, FI was great for networking with Adeo and the other mentors, who are all world class successful entrepreneurs themselves, as well as the other founders in the program. I'm working quite a bit with startups who are leveraging social media, but I'm finding it hard to predict success and metrics. How did you do that?

Product 150

Product Entrepreneur Social Media Google 150

Startup Professionals Musings

APRIL 5, 2023

Many of you business professionals I meet in my business consulting and mentoring roles seem very determined to advance their career, or even start their own business. We all need help in achieving our objectives, whether it be mentoring, education, or resources. Don’t underestimate your own capability or potential.

Startup 100

Startup Mentor Education Summary 100

Tech Zulu Event

DECEMBER 13, 2013

My every day is trying to fundraise, reaching, re-reaching out, and trying to keep people updated with metrics. ML: Being an entrepreneur, especially with very little resources is like a rollercoaster. ML: I do mentor and advise a lot of young entrepreneurs, especially from USC since I went to that school.

Technical Review 87

Technical Review Mobile Startup Los Angeles 87

Startup Professionals Musings

JANUARY 9, 2019

That means providing the tools and resources to do the job, without defining and micro-managing the exact process. Your role is to provide mentoring and support as required. Annual bonuses tied to production metrics are nice, but these will not generate the long-term trust and loyalty you need to set the culture.

Customer 92

Customer Custom Mentor Training 92

Startup Professionals Musings

JUNE 19, 2015

That’s why I also put major emphasis on startup traction, milestones achieved and metrics rather than listening again to how great it’s going to be. Venture capital investors have the resources to travel to entrepreneurs with high potential.

Startup 106

Startup Incubator Entrepreneur Metrics 106