Remove about
article thumbnail

A heartbreaking story about time and money.

Berkonomics

First, think about your time as money! How about young or pre-revenue companies? Many of the start-ups my various angel funds have financed died a slow death , not because of poor concept but because of poor execution, wasting fixed overhead and draining the financial resources from the company coffers.

article thumbnail

6 Ideas To Recover From Business Resource Challenges

Startup Professionals Musings

In reality, resource constraints should be seen by startups a competitive advantage, by forcing them to develop new markets, and to think differently and act differently than existing players. The result, called resourcefulness, allows entrepreneurs to create opportunities in the face of scarcity. Rethink or reframe the challenge.

Resource 112
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A personal story about quality control

Berkonomics

If the problems had been in product stability and customer service together at the same moment, there might not have been enough time and resources to recover. The post A personal story about quality control first appeared on BERKONOMICS. There are plenty of young companies that died trying to recover from such a combination.

Training 156
article thumbnail

Entrepreneurism is all about personal risk.

Berkonomics

The same is true about marketing. Here’s the ultimate thing about entrepreneurism. If you don’t choose to enter the fight, it is impossible to win it. And entering the fight without the proper resources usually assures defeat. Do you have the resources necessary to at least give you a chance to win?

article thumbnail

Should you be optimistic about your corporate growth?

Berkonomics

Next week: It is time to examine the CEO’s relationships with con-temporaries, coaches, good board members and great resources in the community and industry. The post Should you be optimistic about your corporate growth? It seems from experience that both the company and the employees gain from such staggered moves.

Coach 156
article thumbnail

Accelerators Have Resources To KickStart Your Startup

Startup Professionals Musings

A few are still trying to make a profitable business out of nurturing startups, but it’s a challenge to make money when your customer startups don’t have many resources to give. That’s about the same ratio that angel investors claim. Direct seed funding, for a share of the equity, and introductions to investors.

Resource 159
article thumbnail

6 Funding Resources For Ideas Needing More Validation

Startup Professionals Musings

Don’t waste your time and energy talking to angels and VCs about technology funding when you could be focused more productively on grants, private funds and future business partners. Business investors and customers want to hear about solutions, and tend to back away from technology, until it is proven.

Resource 102