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5 Tips For Startups Looking For A Great Solution Idea

Startup Professionals Musings

Potential startup founders are always looking for ideas to implement, when they should be looking for problems to solve. Luckily, many startups are smart enough to keep morphing their idea, until it finally fits a real-world problem, and they can move forward in the marketplace. This is the traditional realm of computers.

Ideas 145
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Generative AI – The End of Empty Textboxes

TechEmpower

As part of the onboarding process, the app asks both job seekers and employers what they’re looking for - in a text box - while providing a few suggestions in a pop-up. This isn’t just our opinion - our startup metrics prove it! Even with the pop-up suggestions, we saw significant drop-off during user onboarding.

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10 Tips To Ensure That Your New Venture Is Investable

Startup Professionals Musings

Investors will tell you that they love to put money into startups that are scalable, and ready to become the next unicorn. But what does that really mean? Investors don’t invest in services startups. Outsource what is non-strategic to optimize leverage. Build a strong team to take yourself out of the critical path.

Tips 135
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5 Due Diligence Tips Before You Invest In A Startup

Startup Professionals Musings

After you have heard a few startup success stories, like Google, Facebook, and Microsoft, you may be tempted to invest some money yourself, maybe by pooling your funds with other investors who claim to have a great track record. My advice is to leave the investing in startups to the professionals (or friends and fools). By commission?

Tips 141
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6 Tips For A Marketing Focus To Match Your Solution

Startup Professionals Musings

As a business adviser, I still see too many new venture founders who skimp on their marketing focus, or start too late. You really need to start marketing your solution before you even build it, to validate the need, and keep your focus on the features that customers really want and need.

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7 Tips For Scaling Your Business To Long-Term Success

Startup Professionals Musings

What most often kills a company is the illusion (or delusion) that all is now stable and everyone can relax. The challenge is to retain the same sense of urgency, energy, commitment, and readiness in a mature company that you felt during the startup stage. Set-up for success and don’t set-up for failure.

Tips 170
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7 Tips To Getting A Bank Interested In Your Startup

Startup Professionals Musings

Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. What a banker is looking for is validation of your idea. The short answer is that some banks will help, if you do your homework.