article thumbnail

5 Keys To An Unbeatable Solution For Your New Startup

Startup Professionals Musings

In my role as advisor and mentor to many new entrepreneurs, I often find myself suggesting that they think bigger. For example, I’m not sure the world needs one more social media niche site, or another dating site, or yet another flavored drink alternative. Use your passion to get there, not to set the goals.

Startup 162
article thumbnail

7 Keys To Keeping Your Business Agile And Competitive

Startup Professionals Musings

That means making sure you are utilizing coaching and mentoring, as well as training to keep up with changes in technology and the marketplace. Adopt some key metrics to measure your change agility. New blood and new ideas are keys to agility. Demand and reward speedy analysis and execution.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Make sure the name and trademarks you want are available, as well as web site address, social media tags, and any other intellectual property.

article thumbnail

8 Personal Objectives That Should Drive A New Startup

Startup Professionals Musings

If your mission is to change the world or help the disadvantaged, another dating site or online gambling may not be for you, no matter how financially lucrative. 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.

Startup 94
article thumbnail

Interview with Julie Novack, PartySlate

socalTECH

Unlike Yelp and listings sites that are focused on user-generated reviews or things like that, we're really a portfolio sharing site, and a tool of professionals. That's something you just can't find on Pinterest and other sites. Don't be enamored with vanity metrics like for us, growth of photos. READ MORE>>.

article thumbnail

10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

Even a million users on your social media site won’t pay the bills until you sell some advertising or a premium service. It’s your job as a leader to be the model high performer, quantify the team view with metrics, and expand awareness to the best outside competition and new tools. Attract, train, and reward only the best leaders.

article thumbnail

6 Hard Questions That Every Entrepreneur Must Answer

Startup Professionals Musings

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. Keep alternative business models on the table.