Startup Professionals Musings

AUGUST 21, 2021

When you see startups like SpaceX and Pinterest grow from a low valuation to a billion dollars in just a few years, it’s easy to assume that if you just keep doing what you are doing, you can get there as well. Of course, that means a mindset willing to give up much more equity, and taking on a whole new level of risk.

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Startup Course Sales Entrepreneur 151

Startup Professionals Musings

NOVEMBER 10, 2021

He closed stores for a day to update employee racial-bias training. Always use multiple methods, including verbal and written, for defining an assignment, including accountability, with checkpoints and follow-up from you along the way. Make sure that metrics and goals are set up front, and not modified as the project progresses.

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Startup Training Metrics Examples 132

Startup Professionals Musings

JANUARY 8, 2021

Young entrepreneurs and startups, in particular, often remain naively unfocused, despite their passion, of what it takes to provide the high-quality service expected. It’s a tough job, and inexperienced entrepreneurs just don’t know where to start, and how to do it. Train and coach continuously. Set the tone and lead the way.

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Startup Professionals Musings

NOVEMBER 15, 2019

Almost any startup can start with Excel, and move to open-source data analysis tools, including Python or RStudio. Based on many years of HR leadership at SAP and elsewhere, these authors start by highlighting the risks of not leveraging data analytics. Use data analysis and metrics to measure for results.

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Metrics Tool Statistics Entrepreneur 98

Startup Professionals Musings

JUNE 23, 2021

For example, I commonly see metrics to keep track of revenue per employee, overtime, and absenteeism, but I don’t often see measures of overall customer satisfaction with individual employees. Provide training, tools, and required decision authority. Incentives should be a combination of metrics and recognition to highlight results.

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Customer Custom Technical Review Metrics 147

Startup Professionals Musings

JUNE 18, 2023

I realized a while back that creating a new company for the first time is a lot like whipping up a great dinner entree for the first time – you need a recipe, even though it may look simple. Yet you may not be so sure where to start, and how to put it all together. In all cases, don’t skip the basic training. Don’t stand still.

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Startup Coach Metrics Marketing 112

Startup Professionals Musings

MARCH 10, 2023

As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. This is the first business process that every startup needs, that I wouldn’t expect to find for a hobby. Show that you have a process to hire, fire, and train others as required.

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Outsource Development Startup Competition Ideas 115

Startup Professionals Musings

APRIL 21, 2023

As a startup advisor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. Startups which display real innovation, such as alternative energy sources and new medical treatments, are still rare. Training and coaching. Followers and linear thinkers need not apply. Ownership.

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Coach Metrics Competition Ideas 137

Startup Professionals Musings

MARCH 15, 2020

In fact, I believe the majority of true entrepreneurs are not interested in this new role, and jump ship quickly by hiring an experienced CEO or merging with another company, to start their next entrepreneurial effort. That means making sure the right people are hired, trained, and in the right place at the right time.

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Startup Professionals Musings

MARCH 25, 2022

I agree with those of you who tell me that you learn the most from your own mistakes, but that shouldn’t keep you from starting with some best practices , and the feedback from others who have been there and done that. Start business discussions only from a positive mindset. Hire the best, and provide necessary training and tools.

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Startup Training Tool Demand 134

Both Sides of the Table

NOVEMBER 14, 2017

Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Innovate In the early years of a startup there is a lot of kinetic energy of enthusiastic innovators looking to launch a product that changes how an industry works.

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Startup Technical Review Customer Custom 286

Startup Professionals Musings

SEPTEMBER 23, 2022

Fortunately, basic leadership and entrepreneurial skills can be acquired from experience and training. Proactively sets metrics and track goals. It takes leadership ability, as well as a good idea, to make a successful entrepreneur, and great leaders evolve from key leadership decisions along the way. Aggressively takes smart risks.

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Startup Ideas Entrepreneur Framework 141

Startup Professionals Musings

OCTOBER 20, 2023

Most experts agree that the pace of business change is increasing , and all the business owners I know are struggling to keep up, much less surpass the wealth of global competitors now entering the market. Use test marketing to identify changes before scale-up. Put operational systems and metrics in place early.

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Marketing Resource Training Startup 116

Startup Professionals Musings

MAY 30, 2022

If you are one of the many entrepreneurs who aspire to get beyond the “art of the start,” there are some proven principles to follow. Very few startups are cash-rich enough to self-finance aggressive second-stage growth. Of course, that means a new level of risk, giving up some control, and a new business plan.

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Sales Metrics Guide Startup 147

Startup Professionals Musings

JULY 31, 2021

As a startup investor, I view any evidence of a victim mentality as the kiss of death. It’s easy for an entrepreneur or an employee to convince themselves that they would have been successful if they had more time, received more funding, or had the proper training to do the job. Accountability starts by acknowledging reality.

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Startup Professionals Musings

JUNE 7, 2020

As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. This is the first business process that every startup needs, that I wouldn’t expect to find for a hobby. Show that you have a process to hire, fire, and train others as required.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Both Sides of the Table

JULY 21, 2014

For what ever reason we’re wired to have amnesia during the run up and prescient memories of how we ‘knew it all along’ as soon as the slide begins. Once you understand both sides of the cycle you start to recognize signs of behavior during each phase. Did they do a major training program?

Marketing 354

Marketing Case Study Metrics Sales 354

Berkonomics

JULY 15, 2021

Entrepreneurs start businesses with a strong vision of what and how , involved in every process from buying supplies to hiring and directly supervising early employees. You may have been managing for years and need to hire that direct report to lessen your workload, setting up the same result. What is the common problem?

Entrepreneur 156

Entrepreneur Coach Metrics Startup 156

Startup Professionals Musings

MARCH 4, 2022

Start small and move quickly to test new approaches that can be scaled up later, with an understanding that some will fail. 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.

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Competition Metrics Demand Customer 148

Startup Professionals Musings

SEPTEMBER 1, 2019

If you are one of the many entrepreneurs who aspire to get beyond the “art of the start,” there are some proven principles to follow. Very few startups are cash-rich enough to self-finance aggressive second-stage growth. Of course, that means a new level of risk, giving up some control, and a new business plan.

Startup 97

Startup Sales Metrics Guide 97

Startup Professionals Musings

APRIL 20, 2013

I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. Phil Buckley, in his new book “ Change With Confidence ,” provides practical answer to fifty of the biggest questions that keep change leaders up at night.

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Startup Resource Metrics Technical Review 101

Startup Professionals Musings

MAY 1, 2019

With the real data from that surge, you need to take a hard look at business model realities, cost of customer acquisition, inventory costs, and other key metrics. As transaction volume increases, delivery costs go up, returns increase, and quality problems can cost you plenty. Document processes and metrics for economies of scale.

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Metrics Startup Training Customer 86

Startup Professionals Musings

JULY 25, 2020

As a startup advisor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. Startups which display real innovation, such as alternative energy sources and new medical treatments, are still rare. Training and coaching. Followers and linear thinkers need not apply. Ownership.

Coach 144

Coach Metrics Social Network Competition 144

Startup Professionals Musings

MARCH 18, 2020

These must be countered by a focus on changes and training that benefit your people, as well as your business. Set up training courses that highlight agility, and adopt agile working practices. The passion and commitment that characterizes startups inevitably fades, particularly if things aren’t always going well.

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Metrics Training Satisfaction IBM 122

Both Sides of the Table

NOVEMBER 2, 2010

As a tech startup grows it needs to develop more process & management if it is to scale. Some objections are real and they end up becoming changes to your product, your service plan or your pricing / bundling. All-in-one solutions may initially seem appealing but you end up getting inferior innovation.

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Sales Startup Training Pricing 289

TechEmpower

OCTOBER 9, 2023

Moreover, LLMs come equipped with an extensive knowledge base derived from the vast amounts of data they've been trained on. Given their training on diverse datasets, LLMs excel in parsing and understanding unstructured data, providing contextually relevant results. Strive for a balanced outcome.

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Generative AI Artificial Inteligence Tool Knowledge Base 346

Startup Professionals Musings

OCTOBER 25, 2014

I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. Phil Buckley, in “ Change With Confidence ,” provides practical answer to fifty of the biggest questions that keep change leaders up at night.

Startup 108

Startup Resource Metrics Technical Review 108

Startup Professionals Musings

AUGUST 27, 2023

Measure progress through metrics on sales, revenue, and penetration. These start with your brand image, search visibility and process, and extend to the actual sales transaction. Now is the time to learn and adopt these new ways of thinking, whether your business today is a startup or a corporate conglomerate.

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Customer Custom Marketing Startup 91

Startup Professionals Musings

AUGUST 19, 2016

In my role as an advisory board member for several startups, I’m always excited to see that initial surge of revenue from a great rollout campaign. At the startup entry level, most entrepreneurs find little need for Profit and Loss statements and Income statements – they know all the key transactions.

Startup 57

Startup Training Entrepreneur Customer 57

Startup Professionals Musings

JUNE 21, 2013

Young entrepreneurs and startups, in particular, often remain naively unfocused, despite their passion, of what it takes to provide the high-quality service expected. It’s a tough job, and inexperienced entrepreneurs just don’t know where to start, and how to do it. Train and coach continuously. Set the tone and lead the way.

Customer 92

Customer Custom Startup Services 92

Startup Professionals Musings

MARCH 24, 2023

They also want to know how they stack up to competitors. Here is a paraphrased summary of the eight-level scale she offers, with my own insights and experience added, for your consideration in starting your own self-assessment and move up: Extreme bias toward status quo as the right way.

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Organization Activity Resource Examples 111

Startup Professionals Musings

MAY 12, 2019

Image via Wikipedia Change is about the only thing constant in the world of startups. Since the startup environment is usually more volatile, the challenge there in balancing advantage, risk, and performance, is more critical than in big companies. Provide direct customer contact to everyone, as well as training.

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Startup Training Statistics Summary 94

Startup Professionals Musings

JUNE 8, 2019

The biggest challenge these days doesn’t seem to be in starting a new business, but sustaining it against the onslaught of market changes and new competitors that emerge every day. In my other role of business advisor, I see examples often of startups that may have taken success for granted too early.

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Startup Demand Training Customer 88

Startup Professionals Musings

JUNE 22, 2015

The good news is that recent big company financial woes and layoffs have generated a flood of candidates with real experience seeking positions at startups. They are not the ones you need in the few key team positions to drive your startup. Set your own metrics and rewards to map to results. Back in 1968, Dr. Laurence J.

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Startup Mentor Layoffs News 99

Startup Professionals Musings

DECEMBER 13, 2019

When you are starting a new business, every resource is precious, including time, funding, and people. Some chaos is normal in every new business, but many wait far too long before they install metrics based on “best practices,” and fail to attack obvious bottlenecks with a vengeance. People with the wrong tools or no training.

Outsource Development 122

Outsource Development Outsource Metrics Technical Review 122

Startup Professionals Musings

FEBRUARY 4, 2015

If you are one of the many entrepreneurs who aspire to get beyond the “art of the start,” there are some proven principles to follow. Very few startups are cash-rich enough to self-finance aggressive second-stage growth. Of course, that means a new level of risk, giving up some control, and a new business plan. Marty Zwilling.

Startup 108

Startup Sales Metrics Entrepreneur 108

Startup Professionals Musings

FEBRUARY 28, 2020

In business vernacular, targets are usually called metrics. A good metric has to be easily measurable, and directly correlated to results, rather than hours worked. For example, for a sales person, this metric number would likely measure new revenue or new customers. Evaluate where technology and training can help.

Metrics 124

Metrics Entrepreneur Satisfaction Study 124