January, 2023

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6 Startup Lessons Learned By Passionate Entrepreneurs

Startup Professionals Musings

Over my many years of mentoring aspiring entrepreneurs and business professionals, I often hear a desire to start a new business, with a big hesitation while waiting for that perfect idea and perfect alignment of the stars. From my own experience and from the best entrepreneurs I know, I always offer some basic business realities, and assure you that conditions will never be perfect.

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Technology, Innovation, and Great Power Competition  – 2022 Wrap Up

Steve Blank

We just wrapped up the second year of our Technology, Innovation, and Great Power Competition class – now part of our Stanford Gordian Knot Center for National Security Innovation. Joe Felter , Raj Shah and I designed the class to 1) give our students an appreciation of the challenges and opportunities for the United States in its enduring strategic competition with the People’s Republic of China, Russia and other rivals, and 2) offer insights on how commercial technology (AI, machine

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Five Reasons to Invest In Field Service Software For Your Startup Business

The Startup Magazine

The advent of off-site operations raises the inescapable need for a system of managing, supervising, and coordinating activities in field service management. Field service management offers the much-needed opportunity to manage field operations remotely. If you run a start-up business, you can attest to the fact that this results in better overall performance, streamlined operations, and effective scheduling of appointments.

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Shopify Guide — Here’s How to Become an Expert

ReadWriteStart

You may have already known about the Shopify marketplace and how it is one of the best platforms to make money by selling your products and services online. Whether you are a Shopify designer, developer, industry authority, or someone who wants to start a Dropshipping business, to become an expert, you will have to learn all the crucial aspects of the marketplace.

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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30 Entrepreneurs Reveal the Companies They are Starting in 2023

Hearpreneur

As we wrap up 2022, there are those business ideas you’ve been longing to start and 2023 is the year to implement them. This could be a home-based business, franchise option or whatever option looks attractive to you. One thing is certain, your business can succeed if you can put in the right energy and bring in the right people to kick-start it. We asked entrepreneurs and business owners about the companies they’re starting in 2023 and here are the responses. #1- Virtual assistance Photo Credit

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Growing Your Audience (And Your Revenue) With A Book

Duct Tape Marketing

Growing Your Audience (And Your Revenue) With A Book written by John Jantsch read more at Duct Tape Marketing Marketing Podcast with Matt Briel In this episode of the Duct Tape Marketing Podcast , I interview Matt Briel. Matt is an entrepreneur and the Vice President of Marketing & Communications at Lulu.com, as well as a self-diagnosed collaboration junkie.

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Is a Venture Studio Right for You?

Steve Blank

This post previously appeared in the Harvard Business Review. Three types of organizations – Incubators, Accelerators and Venture Studios – have emerged to reduce the risk of early-stage startup failure by helping teams find product/market fit and raise initial capital. Venture Studios are an “idea factory” with their own employees searching for product/market fit and a repeatable and scalable business model.

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What to Know About Cryptocurrency and Scams

The Startup Magazine

A cryptocurrency is a new form of digital money that has become increasingly popular. It can be used to purchase goods and services, investments, and speculative trading. However, it also carries some risks due to its decentralized nature and potential for fraud or scams. In this article, we will discuss what you need to know about cryptocurrency and the various scams out there to protect yourself from becoming a digital currency victim.

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How to Make Your Lean Startup Work With Almost No Money

ReadWriteStart

Every year, new startup entrepreneurs attempt to launch a business on the leanest budget possible. It could be because they have limited access to funding, because they’re trying to maximize profitability, or another reason entirely. Whatever the case, you’ll need to make some big sacrifices and strategic managerial decisions if you want this lean startup budget to work — and it’s definitely possible.

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30 Entrepreneurs Share How They Prepare for a Bad Economy

Hearpreneur

During such times a firm should take measures that have historically been thought to safeguard it, such as cutting costs, lowering goals, and keeping an eye on cash flow to weather the impending storm. Maintaining team morale during a bad economy is equally important. Share your strategy about how you would deal with the recession and give your team a sense of purpose.

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Impressions from Pocket Gamer Connects in London

VC Cafe

“ Video games will move to the center of the entertainment and pop-culture universe next year” Axios, Future of media: Gaming Over the past two days, I had a chance to attend the Pocket Gamer Connects (PGC) London and meet and greet game developers, execs, studios, investors and service providers to the gaming industry. It’s the first big gathering of the year, a small sibling to the much larger Game Development Conference (aka GDC) taking place in San Francisco in March.

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6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. The same applies to manufacturing and almost any process these days. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.

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What Employer Branding Is And How To Build It For Your Business

Duct Tape Marketing

What Employer Branding Is And How To Build It For Your Business written by John Jantsch read more at Duct Tape Marketing. Marketing Podcast with James Ellis. In this episode of the Duct Tape Marketing Podcast , I interview James Ellis. James. James is the principal of Employer Brand Labs in Chicago and is a born employer branding nerd whose mission is to create a million employer brand thinkers.

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Effective Ways to Prepare Your Career for the Future

The Startup Magazine

How will your career progress in the following years? What will happen to the industry and company you work in as time goes on? While we can’t possibly predict the future, we know that we live in turbulent, rapidly changing times. If your knowledge or experience ever falls short in such an environment, your career can be at serious risk of failure. Fortunately, there are a number of ways you can prepare your career for the future to ensure success, and here are just some of the most effective ca

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SAP BAU excerpts  – Ch. 7 – Sustainable Energy

deal architect

As part of the launch of the Business as Unusual book (click on badge on left to get to the Amazon page) by Thomas Saueressig and Peter Maier that we helped conduct interviews and research for, we will share excerpts.

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30 Entrepreneurs Share Their Takeaways From 2022

Hearpreneur

The start and ongoing of a business can be rewarding and exhausting at the same time. Running a business successfully encompasses learning from mistakes that happen along the way which in the end, helps your business to be more strategic and to get back on track. We asked entrepreneurs and business owners about the tough lessons they have learned in 2022. #1- Focus on employee well-being Photo Credit: Dr.

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Be Where Your Business Is

Steve Blank

This post previously appeared on the readwrite blog. A CEO running a B-to-B startup in needs to live in the city where their business is – or else they’ll never scale. I was having breakfast with Erin, an ex-student, just off a red-eye flight from New York. She’s built a 65-person startup selling enterprise software to the financial services industry.

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10 Ways To Make Your Funding Pitch More Hard-Hitting

Startup Professionals Musings

The average length of a funding pitch to angel investors is ten minutes. Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. The biggest complaint I hear from fellow investors is that startup founders often talk way too long, and neglect to cover the most relevant points. Or they get sidetracked by a technical glitch due to poor preparation.

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Grow Your Business Faster Through Experimentation

Duct Tape Marketing

Grow Your Business Faster Through Experimentation written by John Jantsch read more at Duct Tape Marketing. Marketing Podcast with Andrew Warden. In this episode of the Duct Tape Marketing Podcast , I interview Andrew Warden. Andrew is the CMO of Semrush – an o nline visibility management SaaS platform that has been used by millions of marketers worldwide including this one.

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Female Founder Interview – Olga Camargo Leads Latinas Fintech Advisory

The Startup Magazine

Today we present Olga Camargo as part of The Startup Magazine’s Female Founder Interview series. Olga has a great story as CEO and Founder of SHENIX , a Chicago-based fintech app company focused on financial education and advisory services for Latinas. SHENIX helps close the wealth gap to accelerate Latinas economic and social transformation through culturally compatible financial education, professionally qualified Latino/x advisors and career coaches that speak English and Spanish.

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Looking to be acquired? Think the 10/40 or 20/20 rules.

Berkonomics

Public companies looking to acquire your growing enterprise usually have a few financial measures that help them weed out those candidates that will be too expensive in terms of effort or of too little financial attractiveness. The first rule: 10/40: One of my company CEOs recently described his rule for acquisition success, and it resonated with me as a great goal for planning during acquisition exercises.

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30 Entrepreneurs Explain the 2023 Trends They See in Their Industry

Hearpreneur

We continue to experience different trends in consumer behavior as well as entrepreneurship. The onset of the pandemic has influenced major changes that have created new opportunities and changed the business landscape. We've also seen extensive use of technology and increased remote working. We asked entrepreneurs and business owners about the 2023 trends they see in their industry and here are the responses. #1- Health education, and awareness Photo Credit: Erik Pham In the health industry, I

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SAP BAU excerpts  – Ch. 9 – Resilient Supply Networks

deal architect

As part of the launch of the Business as Unusual book (click on badge on left to get to the Amazon page) by Thomas Saueressig and Peter Maier that we helped conduct interviews and research for, we will share excerpts.

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5 Pitfalls to Avoid When Transforming Your Business

Startup Professionals Musings

No matter how well your business seems to have worked for you up to this point, you can be certain that it will need to be heavily transformed for tomorrow’s new world-wide economy and no industry sector boundaries. New digital technologies, business models, and regulatory rulings are forcing all of us to think outside of our silos and rethink what it means to operate effectively.

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How To Quickly Double Your Sales

Duct Tape Marketing

How To Quickly Double Your Sales written by John Jantsch read more at Duct Tape Marketing. Marketing Podcast with Amanda Holmes. In this episode of the Duct Tape Marketing Podcast , I interview Amanda Holmes. Amanda is the CEO of Chet Holmes International (CHI) which has worked with over 250,000 businesses worldwide. At age 24, she inherited her father’s multi-million dollar enterprise, which specializes in helping companies double their sales.

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WB Trading Reviews Tips for Developing A Winning Day Trading Strategy

The Startup Magazine

Day trading is one of the most popular and profitable ways to invest in the stock market. However, to be successful, you must have a well-developed day trading strategy that you can use consistently. A good day trading strategy should include both short-term and long-term goals and take into account any potential risks associated with day trading. WB Trading reviews tips to help you develop a strategy for day trading success.

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Board Meeting Minutes 101: Free Template and Examples Included

Board Effect

As commonplace as it is for board secretaries to take nonprofit board meeting minutes, it may surprise you that boards of directors are not legally required to take minutes at all. Taking minutes with board meeting software has become a best practice to support good governance. Here, you’ll discover everything you need to know about board meeting minutes and how to take them with examples and a meeting minutes template.

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30 Entrepreneurs Share Their One Prediction for Business in 2023

Hearpreneur

The business landscape is always changing which leaves uncertainty in different industries. Business owners are optimistic that 2023 will see better days, especially with most of the people immunized with COVID-19 vaccines. The new normal might see a return of business and provide better opportunities for people to explore. Here's what entrepreneurs predict for business in 2023. #1- Continued work from home.

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How Drug Rehabs Can Create SEO Strategies from Scratch

Women Entrepreneurs Can

As competition in healthcare heats up, drug rehabs should also consider conquering the search results. The question is how. This post shares a five-step guide to building a scalable search engine optimization (SEO) strategy. What Is Search Engine Optimization (SEO)? SEO is tricky, so defining it should be first on our to-do list. What is it? How does it help your rehab facility?

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6 Startup Challenges That Can Be Mitigated With Focus

Startup Professionals Musings

Many passionate entrepreneurs fight to add more features into their new products and services, assuming that more function will make the solution more appealing to more customers. In reality, more features will more likely make the product confusing and less usable to all. Focus is the art of limiting your scope to the key function that really matters for the majority of customers.

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Why You Should Stop Settling For Plan B So You Can Unleash Your Full Potential

Duct Tape Marketing

Why You Should Stop Settling For Plan B So You Can Unleash Your Full Potential written by John Jantsch read more at Duct Tape Marketing. Marketing Podcast with Matt Higgins. In this episode of the Duct Tape Marketing Podcast , I interview Matt Higgins. Matt is a self-made entrepreneur who went from poverty to the top of five industries and now serves as a guest Shark on ABC’s hit series Shark Tank.

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The many shades of verticalization

deal architect

Vinnie Vertical is wary of the term “industry clouds”. I liked the self-checking for stores AI solution Google presented to analysts this past week in prep for NRF, the big retail show in New York. However, too often there is.

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5 Tips That Are Proven To Help Sellers Stand Out In A Sellers’ Market

YoungUpstarts

As a seller you have to compete with vendors who may be more established and better equipped to handle the influx of potential consumers. The post 5 Tips That Are Proven To Help Sellers Stand Out In A Sellers’ Market appeared first on Young Upstarts.

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What Is Your Publicist Really Doing?!

Rembrandt Communications

What is Your Publicist Doing? (Psst. They may be hurting your brand.). You’ve done your research and found the perfect public relations person to promote your business in the new year. Then, you leave them alone to do their job… but do you know what they’re really doing? You may see some fantastic results in their monthly reports, but you may not be aware of what’s really going on.

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How to Reset Your Employee Training Strategy in 2023

Women Entrepreneurs Can

Employee training is the mainstay of organizational success. Not surprisingly, business owners think beyond training recruits and run development programs for existing team members as well. But you must take a strategic approach to the process to get the best outcomes without breaking the bank. Moreover, it is vital to fine-tune it with the evolving needs of your company and the size of your team.

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8 Tips For Success In Turning A Dream Into A Business

Startup Professionals Musings

As an advisor to business professionals and entrepreneurs, I often hear about an innovative new solution that could lead to business growth or a new business. Unfortunately, in my experience, it takes much more than an innovative idea to launch a successful business today. Some of the additional elements are critical and often overlooked in your passion to move ahead quickly.