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Don’t Underrate The Value Of A Startup Plan Document

Startup Professionals Musings

There are no guarantees, but various studies have found that entrepreneurs who create a good plan generally double their chances of securing funding and building a successful business. Your idea may be technically right, but without a business plan, it could be dead right, which is not the result anyone is looking for.

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7 Ethical Fictions Lead Many New Entrepreneurs Astray

Startup Professionals Musings

One 11-year study of over 200 companies over a decade ago, detailed in the book “ Corporate Culture and Performance ,” found that those working on their culture improved revenue by 516%, and increased net income by 755%. I saw a good summary of these in the classic book, “ Ethical Leadership ,” by Andrew Leigh, an expert in this area.

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6 Unforeseen Obstacles Every New Venture Must Conquer

Startup Professionals Musings

Here is a summary of their key observations, with our joint specifics on what to expect, and how to overcome these obstacles: Customers don’t buy what they don’t know and understand. A good tack is to sell exclusivity, or provide case studies to show return on investment and productivity.

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6 Observations On Key Challenges Facing Every Startup

Startup Professionals Musings

Here is a summary of their key observations, with our joint specifics on what to expect, and how to overcome these obstacles: Customers don’t buy what they don’t know and understand. A good tack is to sell exclusivity, or provide case studies to show return on investment and productivity.

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5 Keys To The Culture Change Required For Innovation

Startup Professionals Musings

I like his summary of the challenges involved, real case studies, and especially his recommended building blocks to a culture of perpetual innovation in any company: Extract and instill a long-term vision in your team.

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6 Initiatives To Prep Your Startup For The Road Ahead

Startup Professionals Musings

The ultimate skills, which lead to innovation and totally new processes, usually come from experimentation and special studies. In summary, change will happen. Relevant skills include continuous improvement of existing methods, processes and devices against a set of quality metrics.

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Here Is When Your New Business Needs A Written Plan

Startup Professionals Musings

There are no guarantees, but various studies have found that entrepreneurs who create a good plan generally double their chances of securing funding and building a successful business. Your idea may be technically right, but without a business plan, it could be dead right, which is not the result anyone is looking for.

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