article thumbnail

6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

In my role as a mentor to aspiring entrepreneurs, I find that most have the technical challenges well understood, but many are a bit short on some basic street smarts , or basic business realities. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies.

article thumbnail

Reflections on 2020: Brian Mac Mahon, Expert Dojo

socalTECH

Every year, we feature the year end reflections of founders, CEOs, investors, and others in Southern California's high tech community. It's been a tough year for many due to the pandemic; how have you or your company adapted to the business environment? What are you most looking forward to in the technology/startup world in 2021?

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. There are lots of resources available for the challenge of that activity, including the Internet and mentors like me. Some dreams sound great, but may not yet be viable or proven with today’s technology.

Ideas 94
article thumbnail

10 Entrepreneur Comments That Kill Investor Deals

Startup Professionals Musings

It’s always painful when a startup fails, but as a mentor to founders, I would hope that you can learn from these failings and not stumble on the same issues. In fact, quite the opposite usually happens, due to complexity and work to switch. At the other extreme, too much confidence or arrogance can kill you just as fast.

article thumbnail

Ten Common Arrogance Traps for Startups to Avoid

Startup Professionals Musings

It’s always painful when a startup fails, but as a mentor to founders I would hope that you can learn from these failings and not stumble on the same issues: “Business plans are for dummies.” Another variation on this theme is the person who creates a “solution” from technology, and then makes up a “problem” that it will solve.

Startup 95
article thumbnail

Ten Quotes That Indicate Your Arrogance is Showing

Startup Professionals Musings

It’s always painful when a startup fails, but as a mentor to founders, I would hope that you can learn from these failings and not stumble on the same issues. In fact, quite the opposite usually happens, due to complexity and work to switch. At the other extreme, too much confidence or arrogance can kill you just as fast.

Startup 98
article thumbnail

Ten Common Arrogance Traps for Startups

Startup Professionals Musings

It’s always painful when a startup fails, but as a mentor to founders I would hope that you can learn from these failings and not stumble on the same issues: “Business plans are for dummies.” Another variation on this theme is the person who creates a “solution” from technology, and then makes up a “problem” that it will solve.

Startup 52