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73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Fortunately I was mostly a technology consultant, which meant that I coded computers, designed databases and planned system integration projects. People throw them around at cocktail parties. I say it deadpanned. It’s irony.

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10 Metrics To Drive Your Annual Business Review

Startup Professionals Musings

Entrepreneurs have no trouble focusing on how to build a product, and the good ones know how to find and nurture those first critical customers. As the end of the year approaches, it’s a good time for every startup to assess the metrics, technology, and platforms they’re using to manage the business. Operating productivity.

Metrics 100
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10 Quotes You Should Never Use Around A Business Plan

Startup Professionals Musings

“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” Investors are buying part of the business, not the product or service. Investors are buying part of the business, not the product or service. Investors invest in the jockey, more than the horse.

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How to make the most useful dashboard

Berkonomics

And with the rise of modern technology-driven businesses, the same is true of management in the business world. You should consider creating such a dashboard or reviewing the one you use if already driving with one at hand. Managers need real time information. Consider these critical pieces of information.

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10 Strategies For Attracting Investors That Will Fail

Startup Professionals Musings

“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” Investors are buying part of the business, not the product or service. Investors are buying part of the business, not the product or service. Investors invest in the jockey, more than the horse.

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Can you create a great customer case study?

Berkonomics

Given the statistics quoted above, you must find ways to have your consumers endorse your product publicly, and in a form that is divorced from looking like an advertisement. People are more trusting of unknown third parties endorsing your product that they are of direct ads touting the benefits of the product in large, clear type.

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6 Hiring Principles To Grow The Best New Venture Team

Startup Professionals Musings

Startup investors tell me they invest in a new venture with a higher caliber of people, rather than the product or service, and I agree. In my role as a business advisor, I see successful businesses most often emerging from great teams rather than great products. Get interactive in candidate interviews.

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