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. The best leaders use data and analytics to identify key offenders to continually reduce these problems.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Startup Professionals Musings

NOVEMBER 22, 2020

They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. There is a good chance that business advisors and mentors also have access to investment capital, or know someone who does.

Funding 173

Funding Tips Startup Statistics 173

Startup Professionals Musings

AUGUST 6, 2023

According to more recent statistics , fewer than a third of all crowdfunding operations end up being successful, and the rest have to return anything they do collect. Board seats can’t be negotiated, and even informal mentoring in decision and governance processes is unlikely. But don’t be misled – these are just the cream of the crop.

Equity 80

Equity Platform Entrepreneur Statistics 80

Tech.Co

DECEMBER 4, 2020

It’s with profound sadness we mourn the loss of a true visionary, author, mentor, thought-leader, investor, and friend, Tony Hsieh. He knew that statistically, not all new endeavors would work out, but that was ok. By Frank Gruber and Jen Consalvo. Readers may be interested to know that Tech.co co-founders.

Commerce 207

Commerce Statistics Customer Custom 207

Startup Professionals Musings

JULY 31, 2023

Many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Statistics have shown that only three percent of the population have well-defined, clear written goals.

Writing 92

Writing Ideas Startup Entrepreneur 92

Startup Professionals Musings

JULY 9, 2021

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Even including repeat entrepreneurs, statistics continue to show that the overall failure rate for startups within the first five years is greater than 50 percent.

Entrepreneur 156

Entrepreneur Tips Funding Startup 156

Startup Professionals Musings

JANUARY 11, 2023

In my experience as a mentor, I find that keeping creative thinking in the balance is a challenge for every startup, due to the natural employee tendency to resist change.

Marketing 119

Marketing Metrics Demand Statistics 119

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. First you need to investigate industry norms and third-party statistics to understand what is possible and likely. Then you need to set goals and metrics to use as the benchmark for your own results and expectations.

Startup 162

Startup Metrics Ideas Entrepreneur 162

Berkonomics

JUNE 22, 2012

I have a friend in the music business who worked hard to gain introductions to, and become mentored by, several known names in the business. One well known informal mentor called him the “Stevie Wonder of Hip Hop.” Back your story up with a statistic if possible.

Mentor 136

Mentor Statistics Press Entertainment 136

Startup Professionals Musings

NOVEMBER 30, 2020

Historical and current statistics still show the chances of failure on any given startup are better than even. As a mentor to aspiring entrepreneurs, I often advise them to start with another alternative, of working for an existing startup, before or while starting their own. Odds are you are going to fail before you succeed.

Startup 128

Startup Entrepreneur Satisfaction News 128

Startup Professionals Musings

APRIL 18, 2020

In my experience as a mentor, I find that keeping creative thinking in the balance is a challenge for every startup, due to the natural employee tendency to resist change.

Metrics 157

Metrics Demand Statistics Sales 157

Startup Professionals Musings

NOVEMBER 13, 2020

Many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Statistics have shown that only three percent of the population have well-defined, clear written goals.

Ideas 121

Ideas Writing Startup Entrepreneur 121

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.

Entrepreneur 121

Entrepreneur Startup Statistics Course 121

Startup Professionals Musings

MAY 6, 2020

For example, Lyft and Uber were able to capitalize on the current ride-sharing trend worldwide by tracking statistics that indicated reduced interest in car ownership by millennials, lack of parking spaces, and auto ownership costs moving up rapidly. As Andy Grove famously wrote, “Only the paranoid survive.”

Startup 124

Startup Customer Custom Statistics 124

Tech.Co

JANUARY 10, 2018

Recent statistics show that women “ purchase over 50 percent of traditional male products, including automobiles, home improvement products, and consumer electronics,” according to GirlPowerMarketing. Mentors help fill in the gaps and can serve to give you a holistic or landscape view of your industry. Spending Power. Final Thoughts.

Tips 71

Tips Customer Custom Dollar Shave Club 71

Startup Professionals Musings

NOVEMBER 15, 2019

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. The best leaders use data and analytics to identify key offenders to continually reduce these problems.

Metrics 98

Metrics Tool Statistics Entrepreneur 98

Startup Professionals Musings

JUNE 3, 2016

According to recent statistics from the International Business Innovation Association ( InBIA ), there are about 7,000 business incubators and accelerators worldwide, with over 90 percent being non-profit and focused on incubator programs for community economic development. Direction, mentoring and resources required.

Incubator 58

Incubator Startup Seed Funding Equity 58

Startup Professionals Musings

JULY 3, 2015

For financial reasons alone, an IPO is a statistically rare phenomenon, happening just 275 times in 2014 , out of almost 500,000 startups. As an advisor and mentor to startups, I try to make sure entrepreneurs understand both the pros and cons of an IPO as an exit strategy.

Entrepreneur 98

Entrepreneur Startup Report Statistics 98

Startup Professionals Musings

JULY 13, 2014

Bureau of Labor Statistics. Be willing to listen to an advisor or mentor on how others perceive you, and be willing to correct for those weaknesses. This leads them to jump, without real consideration of the fit and opportunity, into the entrepreneurial world, where they could be even more unhappy.

Startup 108

Startup Entrepreneur Statistics Mentor 108

Startup Professionals Musings

OCTOBER 5, 2015

According to recent statistics , there are already over 500 website crowdfunding platforms, such as Kickstarter , available; and over $5 billion was raised this way last year. Here they are: A crowdfunding campaign. Crowdfunding is rapidly becoming the major source of funding for seed-stage startups. Startup incubator seed funding.

Funding 104

Funding Venture Capital Startup Seed Funding 104

Startup Professionals Musings

DECEMBER 14, 2016

Too many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. Statistics have shown that only three percent of the population have well-defined, clear written goals.

Writing 100

Writing Ideas Startup Entrepreneur 100

Startup Professionals Musings

JULY 15, 2015

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Even including repeat entrepreneurs, statistics have long shown that the overall failure rate for startups within the first five years is greater than 50 percent.

Startup 104

Startup Writing Entrepreneur Slides 104

Startup Professionals Musings

JUNE 5, 2014

It’s amazing how much more you can learn face-to-face, compared to an analysis of aging statistics alone. Mentoring and shared advisory board opportunities. Trade show and conference participation. Equally important to your growth will be new strategic partner relationships with resellers or white label opportunities.

Startup 100

Startup Tips Mentor Conference 100

Startup Professionals Musings

JANUARY 20, 2018

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Even including repeat entrepreneurs, statistics continue to show that the overall failure rate for startups within the first five years is greater than 50 percent.

Startup 65

Startup Entrepreneur Slides Content 65

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. " The best leaders use data and analytics to identify key offenders to continually reduce these problems.

Tool 53

Tool Entrepreneur Statistics Metrics 53

Startup Professionals Musings

AUGUST 15, 2018

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.

Startup 56

Startup Entrepreneur Statistics Course 56

Startup Professionals Musings

MAY 10, 2014

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 most startups fail within the first five years.

Startup 110

Startup Entrepreneur Statistics Course 110

Startup Professionals Musings

DECEMBER 22, 2014

In my experience as a mentor, I find that keeping creative thinking in the balance is a challenge for every startup, due to the natural employee tendency to resist change.

Entrepreneur 113

Entrepreneur Metrics Demand Statistics 113

Startup Professionals Musings

MAY 18, 2014

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. Even including repeat entrepreneurs, statistics have long shown that the overall failure rate for startups within the first five years is greater than 50 percent.

Entrepreneur 108

Entrepreneur Startup Writing Slides 108

Startup Professionals Musings

MARCH 28, 2013

Bureau of Labor Statistics. Be willing to listen to an advisor or mentor on how others perceive you, and be willing to correct for those weaknesses. This leads them to jump, without real consideration of the fit and opportunity, into the entrepreneurial world, where they could be even more unhappy.

Entrepreneur 89

Entrepreneur Startup Statistics Mentor 89

Startup Professionals Musings

MAY 13, 2016

They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. There is a good chance that business advisors and mentors also have access to investment capital, or know someone who does.

Startup 61

Startup Entrepreneur Statistics Funding 61

InfoChachkie

AUGUST 29, 2011

I guess no one told him about the medical startups that were purchased by Medtronic, Linvatec, Storz, Mentor, etc., The lack of exits in the last few years has certainly impacted this statistic, as venture capitalists have been forced to continue investing in some portfolio companies beyond their expected exits.

Venture Capital 233

Venture Capital Capital Funding Technical Review 233

Startup Professionals Musings

FEBRUARY 29, 2012

Bureau of Labor Statistics. Be willing to listen to an advisor or mentor on how others perceive you, and be willing to correct for those weaknesses. This leads them to jump, without real consideration of the fit and opportunity, into the entrepreneurial world, where they could be even more unhappy.

Startup 98

Startup Entrepreneur Statistics Mentor 98

socalTECH

AUGUST 4, 2016

If you look at some of the statistics, getting a home loan is like pulling teeth, and it gets very poor customer ratings. He's my mentor, and I've known him since I was nineteen years old, when he was an Adjunct Professor at Pepperdine. Because of that, it's very antiquated, both in terms of the process and the technology used.

Startup 100

Startup Platform Pepperdine CIO 100

Startup Professionals Musings

APRIL 15, 2016

Historical and current statistics still show the chances of failure on any given startup are better than even. As a mentor to aspiring entrepreneurs, I often advise them to start with another alternative, of working for an existing startup, before or while starting their own. Odds are you are going to fail before you succeed.

Entrepreneur 63

Entrepreneur Startup Satisfaction News 63

Startup Professionals Musings

JULY 27, 2013

In my experience as a mentor, I find that keeping creative thinking in the balance is a challenge for every startup, due to the natural employee tendency to resist change.

Metrics 110

Metrics Entrepreneur Demand Statistics 110

Startup Professionals Musings

AUGUST 3, 2016

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 most startups fail within the first five years.

Startup 58

Startup Entrepreneur Statistics Course 58