Startup Professionals Musings

JULY 26, 2023

Most business metrics I see compare current performance to your own previous experience, rather than your performance compared to industry standards and competitors. Technology advancements and user interests evolve over time to change the market. Focus your hiring and training on preparing for the future.

Metrics 71

Metrics Training Netflix Resource 71

Startup Professionals Musings

MARCH 4, 2022

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. Make sure you are fostering people development to their full potential, for them and for your business.

Competition 148

Competition Metrics Demand Customer 148

Startup Professionals Musings

DECEMBER 13, 2019

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. It’s no secret that some people are more productive than others, due to skills, training, or commitment.

Outsource Development 122

Outsource Development Outsource Metrics Technical Review 122

Startup Professionals Musings

MARCH 10, 2023

Show that you have a process to hire, fire, and train others as required. Formalize the use of tools and information technology. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team.

Outsource Development 115

Outsource Development Startup Competition Ideas 115

Startup Professionals Musings

JULY 25, 2020

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Innovative technologies have no value until they are turned into solutions to real customer problems. Training and coaching. Set milestones and meet them. Ownership.

Coach 144

Coach Metrics Social Network Competition 144

Startup Professionals Musings

JULY 4, 2021

Productive processes start with a plan, and end with metrics that measure value delivered. Entrepreneurs have to embrace creativity and change, yet move quickly with trained teams who can deliver repeatable processes. Business processes can be your biggest time saver, or your biggest waste. Focus on activities rather than results.

Startup 161

Startup Resource Training Entrepreneur 161

Both Sides of the Table

DECEMBER 11, 2022

There was no money train. And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. I was in it for the love of working with entrepreneurs on business problems and marveling at technology they had built. It was 1991.

Venture Capital 466

Venture Capital Startup Marketing Pricing 466

Startup Professionals Musings

DECEMBER 9, 2022

For example, Howard Schultz at Starbucks was quick to accept accountability for a racial bias incident a few years ago in one of his stores in Philadelphia, and he shut down all his stores for an anti-bias training session, rather than try to blame a single store employee or overall cultural conditions.

Activity 109

Activity Organization Mentor Training 109

Startup Professionals Musings

JANUARY 22, 2021

Decide early where and when money will come from, set some milestones and metrics, and work to a plan, or be caught short. Don’t assume that only customer-facing employees need to understand sales, and that these people can be hired and trained at the last minute. Word of mouth is not adequate for marketing and sales.

Sales 165

Sales Customer Custom Social Media 165

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

Startup Professionals Musings

DECEMBER 22, 2021

First, you as the leader must be a role model for the actions you desire – including positive communication, active coaching, rewards for results, as well as providing required tools and training. Today’s complex environments requires the use of innovative systems and technology for timely and reliable feedback from customers and colleagues.

Customer 114

Customer Custom Satisfaction Metrics 114

Startup Professionals Musings

AUGUST 19, 2022

With the latest advances in software technology, it’s no longer cost-prohibitive for business entrepreneurs, who can’t yet afford a human resources department, to take advantage of analytics tools. Use data analysis and metrics to measure for results. Subjectively measuring employee engagement. Where are you along this spectrum?

Tool 121

Tool Statistics Entrepreneur Metrics 121

socalTECH

OCTOBER 14, 2019

Los Angeles-based BiasSync (www.biassync.com) was founded by three, very experienced serial entrepreneurs-- Michele Ruiz (broadcast journalism), Robin Richards (CareerArc, Internships.com, NTI Group, MP3), and Dan Gould (former VP of Technology for Tinder). It's clear that Hollywood people speak a different language from technology people.

Content 150

Content Training Education Outsource Development 150

Both Sides of the Table

JULY 21, 2014

I do believe that we are in structural change where technology will increasingly play a bigger role in all facets of life so the long run up for tech is promising through all of these cycles. Did they do a major training program? Create company measures for success that go beyond financial metrics. Who is the executive sponsor?

Marketing 354

Marketing Case Study Metrics Sales 354

Startup Professionals Musings

JUNE 7, 2020

Show that you have a process to hire, fire, and train others as required. Formalize the use of tools and information technology. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Startup Professionals Musings

SEPTEMBER 9, 2020

Elon Musk often talks about identifying all the dimensions of a problem, such as lower cost battery technology, as the key to moving the electric vehicle industry ahead. Make sure that you implement a metric with each solution, to prevent the issue from recurring, and check for side effects and follow-on side effects.

Satisfaction 152

Satisfaction Mentor Study Startup 152

Startup Professionals Musings

OCTOBER 3, 2016

The challenge is to recognize the people with the right traits to get results, and to train yourself to work on the right things. Sets goals and milestones, with metrics to track progress. They define metrics for each goal, and diligently track themselves against these metrics.

Entrepreneur 106

Entrepreneur Satisfaction Metrics Ideas 106

Startup Professionals Musings

MAY 20, 2023

It’s easy for part-timers to make excuses that other priorities caused you to miss milestones, but predictable results and metrics in this mode are even more critical than for full-time members. On the other hand, if you have a new technology, with patent applied for, maybe you more time to get it right. It won’t happen.

Startup 110

Startup Ideas Entrepreneur Metrics 110

Startup Professionals Musings

AUGUST 12, 2015

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Innovative technologies have no value until they are turned into solutions to real customer problems. Training and coaching. Set milestones and meet them. Ownership.

Entrepreneur 101

Entrepreneur Startup Coach Metrics 101

Startup Professionals Musings

OCTOBER 25, 2014

In both cases, it’s easy for them to become frustrated and give up, since most have never been trained in change management, and don’t even know what questions to ask. Words alone, like “improved efficiency”, “paradigm shift,” and “breakthrough technology” won’t convince people to follow you. Make sure they match before you commit.

Startup 108

Startup Resource Metrics Technical Review 108

Startup Professionals Musings

JULY 31, 2017

Fuzzy words, like “improved usability”, “paradigm shift,” and “breakthrough technology” won’t convince investors, customers or deter competitors. What metrics should you use to measure success? Define both hard data and soft (anecdotal) metrics on the new solution, as well as on the productivity of you team.

Metrics 58

Metrics Resource Startup Training 58

Startup Professionals Musings

AUGUST 7, 2020

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. Distinguish growth opportunities from survival efforts, and make sure they are adequately funded, rewarded, and measured.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

Startup Professionals Musings

AUGUST 18, 2018

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Innovative technologies have no value until they are turned into solutions to real customer problems. Training and coaching. Set milestones and meet them. Ownership.

Entrepreneur 64

Entrepreneur Coach Metrics Competition 64

Berkonomics

MARCH 10, 2016

It takes trusting management, good metrics, and entrepreneurial employees. But technology makes the miles disappear. We hold weekly “dodgeball” training sessions where team members toss questions at the trainers. But you can get a little piece of mind through “virtual time cards.” ” All our remote.

Tool 120

Tool Resource Coach Metrics 120

Startup Professionals Musings

JUNE 5, 2019

Technology enhances experience, not impedes it. The marketing metrics covers support as part of experience. If your marketing metrics and budget ignore the fact that you have call center queues thirty minutes long, or no coverage of online reviews or social media, your customer service is not keeping up with competitors.

Customer 84

Customer Custom Company Companies 84

Startup Professionals Musings

AUGUST 24, 2020

It’s easy for part-timers to make excuses that other priorities caused you to miss milestones, but predictable results and metrics in this mode are even more critical than for full-time members. On the other hand, if you have a new technology, with patent applied for, maybe you more time to get it right. It won’t happen.

Startup 150

Startup Entrepreneur Ideas Metrics 150

Startup Professionals Musings

APRIL 20, 2013

In both cases, it’s easy for them to become frustrated and give up, since most have never been trained in change management, and don’t even know what questions to ask. Words alone, like “improved efficiency”, “paradigm shift,” and “breakthrough technology” won’t convince people to follow you. Make sure they match before you commit.

Startup 101

Startup Resource Metrics Technical Review 101

Startup Professionals Musings

JUNE 8, 2019

A recent high-profile one, Theranos , the blood-testing company, had no trouble getting customers, but promised more than their technology could deliver, Another, Shyp , an early on-demand delivery platform, blamed their demise on premature scaling. Your constituents can’t plot a journey if they aren’t sure where they are going or why.

Startup 88

Startup Demand Training Customer 88

Startup Professionals Musings

OCTOBER 8, 2018

As a long-time advisor to entrepreneurs and business owners, I rarely find someone who doesn’t proclaim that the business world is changing rapidly, with new technology, new customer expectations, and new cultures. You need to communicate quantified and updates goals quarterly, including the metrics to assess progress and success.

Technical Review 84

Technical Review Customer Custom Startup 84

Startup Professionals Musings

SEPTEMBER 12, 2015

Virtual teams need a tool-acquisition process, training program and support contact for all technology provided. Clear objectives and metrics are established early. Necessary tools are provided and supported for collaboration. These tools may range from secure phone lines to compatible messaging software for everyone.

Product 100

Product Startup Tool Paramount 100

Tech Zulu Event

APRIL 23, 2013

The fitness professional network develops business tools that make it easier for fitness professionals to run their businesses and keep their clients engaged between training sessions. We knew there’s a better personal training experience to be had, so we set out to create one. Sergey Belyankin is our Chief Technology Officer.

Social Network 92

Social Network Networking Training Summary 92

Startup Professionals Musings

AUGUST 14, 2016

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Innovative technologies have no value until they are turned into solutions to real customer problems. Training and coaching. Set milestones and meet them. Ownership.

Coach 64

Coach Metrics Competition Ideas 64

Startup Professionals Musings

SEPTEMBER 18, 2015

Based on my own many years of experience as both an employee and an executive, here are my key recommendations to improve your business productivity, traction and momentum: Implement business metrics, and tie incentives to results. Leverage the best tools and technology. Incentives don’t need to be all cash.

Training 105

Training Entrepreneur Tool Metrics 105

Startup Professionals Musings

MAY 4, 2014

Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. At this stage, you should start recruiting, hiring, paying, and training others to help you run your business. Leverage information technology. Product development process. Don’t try this without a formal process.

Startup 107

Startup Outsource Development Training Outsource 107

Startup Professionals Musings

JULY 13, 2015

Productive processes start with a plan, and end with metrics that measure value delivered. Entrepreneurs have to embrace creativity and change, yet move quickly with trained teams who can deliver repeatable processes. Business processes can be your biggest time saver, or your biggest waste. Focus on activities rather than results.

Resource 105

Resource Startup Entrepreneur Training 105

Startup Professionals Musings

MAY 30, 2014

Productive processes start with a plan, and end with metrics that measure value delivered. Entrepreneurs have to embrace creativity and change, yet move quickly with trained teams who can deliver repeatable processes. Business processes can be your biggest time saver, or your biggest waste. Focus on activities rather than results.

Entrepreneur 115

Entrepreneur Resource Training Product 115

Startup Professionals Musings

MAY 24, 2015

Show that you have a process to hire, fire, and train others as required. Formalize the use of tools and information technology. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team.

Outsource Development 99

Outsource Development Startup Competition Ideas 99