Remove category
article thumbnail

8 Types of Aspiring Entrepreneurs Who Will Not Start

Startup Professionals Musings

Every entrepreneur I know is dismayed by the number of friends who approach them with a line such as “I have an even better idea that will change the world, and one of these days I’m going to get around to starting my own business.” Pragmatists create a minimum viable product (MVP), test it in the market and iterate to success.

article thumbnail

7 Mindsets for Succeeding as an Aspiring Entrepreneur

Startup Professionals Musings

Every business professional I know, or have met in my consulting role, has given serious thought to the alternative of switching to the entrepreneur lifestyle , pursuing a long-standing dream, and controlling their own destiny. You have to cater to many different user categories. To survive, you need to find a product-market fit.

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 Funding Resources For Ideas Needing More Validation

Startup Professionals Musings

Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. Commercial product prototypes. Technology pilots.

Resource 102
article thumbnail

Almost Always Any Decision Is Better Than No Decision

Startup Professionals Musings

Every so often a promising entrepreneur seems to freeze in the oncoming headlights and gets run over by his competition. These points may sound obvious, but the process is certainly contrary to the popular “shoot from the hip” approach that is practiced by some entrepreneurs. This is a problem with many product-based companies.

Ideas 155
article thumbnail

7 Guidelines For Funding New Research & Development

Startup Professionals Musings

As an advisor to new business owners, and an occasional angel investor, I see new business proposals daily, many seeking investors to fund early research and development (R&D) of a new product idea. Funding new product research and development is just too risky, with a large time delay before any return is likely.

article thumbnail

Real Entrepreneurs Must Make Good Decisions Quickly

Startup Professionals Musings

Every so often a promising entrepreneur seems to freeze in the oncoming headlights and gets run over by his competition. These points may sound obvious, but the process is certainly contrary to the popular “shoot from the hip” approach that is practiced by some entrepreneurs. This is a problem with many product-based companies.

article thumbnail

6 Sources of Help For Early Stage Concept Exploration

Startup Professionals Musings

Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. Commercial product prototypes. Technology pilots.

Help 165