Mentor Social Media Startup Statistics 
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. 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. Collaborate with experts and people with experience.
Startup Professionals Musings
APRIL 14, 2023
When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Either could improve the statistic that half of startups fail within the first five years. So why do most startups fail?
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Startup Professionals Musings
NOVEMBER 22, 2020
One of the biggest myths I have found in the entrepreneur community is that every startup needs one or more outside investors for credibility and success, and perhaps is even entitled to at least one. Draw up a list of the best prospects, and put together your best story for follow-up. But don’t wait for them to contact you.
Startup Professionals Musings
AUGUST 25, 2023
The cost of entry has never been lower, with new tools to create your own website , and free social media to get your message out everywhere. 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.
Startup Professionals Musings
AUGUST 5, 2023
One of the biggest myths I have found in the entrepreneur community is that every startup needs one or more outside investors for credibility and success, and perhaps is even entitled to at least one. Draw up a list of the best prospects, and put together your best story for follow-up. But don’t wait for them to contact you.
Startup Professionals Musings
JULY 18, 2020
When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Either could improve the statistic that half of startups fail within the first five years. So why do most startups fail?
Startup Professionals Musings
MAY 6, 2020
I’m sure all of you are convinced that your new business will create the next trend and ride the wave to success, but the reality is that most startups fail , so anticipating future trends is clearly harder than it seems. As Andy Grove famously wrote, “Only the paranoid survive.” Spend more time outside the business, looking for trends.
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