Both Sides of the Table

DECEMBER 11, 2022

And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. I was in it for the love of working with entrepreneurs on business problems and marveling at technology they had built.

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Valuation San Francisco Ratchet Liquidation Preference 466

Startup Professionals Musings

JANUARY 6, 2021

Based on my experience advising new entrepreneurs as well as more mature businesses, I recommend the following strategies for building business momentum, while still optimizing the limited resources of every small business: Find more customers that like what you do best. Focus first on finding more of the right customers.

Technical Review 400

Technical Review Technical Cofounder Advisory Board Cofounder 400

Startup Professionals Musings

JANUARY 22, 2023

From my consulting with entrepreneurs in Europe and other countries, I’m convinced that we all could benefit from adapting to meet their environments. With a singular focus on building unicorns, very rapid growth has been a key metric. Build for sustainability and resilience, as well as growth.

Global 345

Global Silicon Valley Marketing Indonesia 345

Startup Professionals Musings

MAY 1, 2020

From my consulting with entrepreneurs in Europe and other countries, I’m convinced that we all could benefit from adapting to meet their environments. With a singular focus on building unicorns, very rapid growth has been a key metric. Build for sustainability and resilience, as well as growth.

Silicon Valley 312

Silicon Valley Indonesia Venture Capital Global 312

Startup Professionals Musings

APRIL 28, 2021

Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. I once met with an entrepreneur who had developed a new algae strain to cure world hunger and make him rich.

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Technical Review Merger Software Review Acquisition 329

Startup Professionals Musings

NOVEMBER 28, 2020

The rate of new entrepreneurs increased between 2013 and 2019, from 280 out of 100,000 to 310 out of 100,000 of the adult population. Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever.

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Intellectual Property Startup Angel Groups Social Media 404

Startup Professionals Musings

OCTOBER 27, 2021

Most of the entrepreneurs I meet as an investor and advisor have no shortage of right-brain thinking, showing vision and creativity, but often don’t realize that their potential is being limited by a balancing focus on results, metrics, and customer specifics. They overwhelm and lose their followers, and they tend to run out of money.

Technical Review 332

Technical Review Metrics Leadership Technology 332

Startup Professionals Musings

NOVEMBER 2, 2022

Entrepreneurs see “no risk” as meaning “no reward.” There are no guarantees in business, but it pays to learn from the experiences of entrepreneurs and business experts who have gone before you. Use metrics to measure results of marketing initiatives. In reality, all risks are not the same. Customers like leaders, not followers.

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Forecast Stock Options Technical Review Metrics 304

Steve Blank

OCTOBER 11, 2016

When they found out, they questioned my decision-making and me as an entrepreneur. How to recognize when it’s time to pull the plug on your startup idea, and why founders can’t operate afford to operate in a vacuum were the focus on today’s Entrepreneurs are Everywhere radio show. Meanwhile, the investors thought we were dead.

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Columbus Entrepreneur Cofounder Ohio 249

View from Seed

JULY 8, 2020

Although many of these investors aim to actively help the company, the dynamics of the syndicate combined with the entrepreneurs’ preference result in a situation where there isn’t a regular assembling for a formal meeting. For an entrepreneur to grow from founder to true CEO, it’s empowering to act as if your business is already ahead.

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Email Seed Stage Syndication Syndicate 331

Startup Professionals Musings

OCTOBER 14, 2022

In his classic book, “ The Leadership Capital Index ,” Dave Ulrich, a best-selling author, business consultant, and business school professor, provides some real insights and metrics on what makes up the elements of goodwill in the minds of top valuation experts. I have paraphrased his key points here as follows: Leader personal impact.

Technical Review 323

Technical Review Due Diligence Valuation Leadership 323

The Startup Magazine

JULY 7, 2023

Entrepreneurs who have a great business idea and have started a company need to keep a keen watch over where they spend their money. For starters, what are the key metrics that are measured by successful companies in this sector? The post Tips for Entrepreneurs to Minimize Expenditure appeared first on The Startup Magazine.

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Connecticut Entrepreneur Software Review Cost 183

Hearpreneur

JULY 19, 2021

Being in love with your business, when you’re an entrepreneur, is even better. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality. We asked some entrepreneurs what they loved about “being their own boss.”. #1-

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Entrepreneur Jordan Non-Compete Community 139

Startup Professionals Musings

JANUARY 8, 2021

Young entrepreneurs and startups, in particular, often remain naively unfocused, despite their passion, of what it takes to provide the high-quality service expected. It’s a tough job, and inexperienced entrepreneurs just don’t know where to start, and how to do it. Yet the average perception of customer experience has not improved.

Technical Review 385

Technical Review Salary Metrics Matching 385

Startup Professionals Musings

AUGUST 13, 2022

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. But it is an important metric for firms in pursuit of explosive growth. get the attention of the market they choose. There are many good reasons to do so.

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Las Vegas Silicon Valley Arizona Montana 309

Startup Professionals Musings

AUGUST 19, 2020

Cash flow is a basic survival metric for every startup. Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

Steve Blank

JANUARY 17, 2023

Most are founded and run by experienced entrepreneurs that have previously built companies and who understand the difference between theory and practice. It’s a company that creates multiple startups in-house, then finds entrepreneurs who take them over to grow them. Why Would an Entrepreneur Join a Venture Studio?

Technical Cofounder 368

Technical Cofounder Intellectual Property Technical Review Incubator 368

Startup Professionals Musings

MARCH 6, 2021

A required metric is average days to payment compared to expectations. Entrepreneurs should sign every check and manage cash personally, rather than delegate this task to anyone. Too many entrepreneurs hate the numbers side of the business, so they assume their accountants will warn them of danger signs.

Technical Review 379

Technical Review Finance Startup Salary 379

Startup Professionals Musings

JANUARY 15, 2020

In his classic book, “ The Leadership Capital Index ,” Dave Ulrich, a best-selling author, business consultant, and business school professor, provides some real insights and metrics on what makes up the elements of goodwill in the minds of top valuation experts. I have paraphrased his key points here as follows: Leader personal impact.

Valuation 311

Valuation Technical Review Due Diligence Leadership 311

Startup Professionals Musings

JUNE 24, 2020

As a frequent advisor to new entrepreneurs and startups, I often hear your frustration with being treated differently from other startups by investors, on expectations for valuation , traction, and market size. Established company process rules and metrics now characterize the leaders in this market stage.

Artificial Inteligence 436

Artificial Inteligence Marketing Valuation Startup 436

Startup Professionals Musings

DECEMBER 30, 2022

Every business owner and entrepreneur I meet in my consulting rounds dreams of finding that “ disruptive ” innovation that will supercharge their business and move it into the ranks of business unicorns (billion-dollar valuations), such as SpaceX and Apple. Define realistic metrics to keep track of progress.

Technical Review 252

Technical Review Silicon Valley Software Review Metrics 252

Startup Professionals Musings

JUNE 17, 2020

It seems like every entrepreneur I meet these days is quick to proclaim themselves a visionary, expecting that will give more credibility to their startup idea, and improve their odds with investors. Most true visionary entrepreneurs have unusual energy, creativity, enthusiasm, and a propensity for taking risks.

Founder 329

Founder Cofounder Bandwidth Matching 329

Startup Professionals Musings

MAY 14, 2023

Cash flow is a basic survival metric for every startup. Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

Hearpreneur

OCTOBER 23, 2020

Being an entrepreneur or business owner has its share of ups and downs. While the downs can be pretty low the ups always seem to triumph for a true entrepreneur at heart. Milestones are what entrepreneurs and business owners work towards. To be a successful entrepreneur, one can never standstill. 1- Freedom with my time.

Entrepreneur 154

Entrepreneur Technical Review Africa Revenue 154

Hearpreneur

OCTOBER 25, 2023

We asked entrepreneurs, and business owners their tips on building an e-commerce business and here are the responses. #1- 4- Invest in content marketing Photo Credit: Alex Nigmatulin As entrepreneurs and business owners, one of our top tips for building a successful e-commerce venture is to invest in content marketing right from day one.

eCommerce 143

eCommerce Omaha Entrepreneur SEO 143

Startup Professionals Musings

AUGUST 19, 2022

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Use data analysis and metrics to measure for results. Subjectively measuring employee engagement.

Analytics 303

Analytics Hiring Open Source Employee 303

ReadWriteStart

OCTOBER 6, 2020

Startups and entrepreneurs have a unique challenge they need to face to effectively promote their solutions in a digital environment. Here are five essential inbound marketing tools for startups and entrepreneurs. Pay attention to your metrics and data to gauge response and interaction with the content positioning as well.

Marketing 156

Marketing Entrepreneur Social Media Startup 156

Startup Professionals Musings

NOVEMBER 9, 2019

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. But it is an important metric for firms in pursuit of explosive growth. get the attention of the market they choose. There are many good reasons to do so.

Las Vegas 243

Las Vegas Silicon Valley Arizona Montana 243

Startup Professionals Musings

DECEMBER 27, 2019

As a mentor to entrepreneurs, I often get asked for the magic that has made Amazon the world's most valuable brand , from a total unknown only twenty years ago. They present a convincing story that every entrepreneur has the same potential, but most get sidetracked and bogged down by their technology, competitors, and internal organization.

Global 308

Global Marketing Technical Review Agile 308

Startup Professionals Musings

SEPTEMBER 29, 2018

Cash flow is a basic survival metric for every startup. Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day.

Burn Rate 223

Burn Rate Hockey Stick Startup Salary 223

Startup Professionals Musings

OCTOBER 17, 2018

Unfortunately, your personal assessment that you have traction probably won’t be convincing to potential investors and partners, so it’s important that you create and track your progress against some metrics. Define metrics on customer feedback and user counts. Count connections with experts, media, and influencers.

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Advisory Board Technical Review Metrics Business Model 199

Startup Professionals Musings

NOVEMBER 30, 2022

As an investor in startups, I most often see entrepreneurs who are technologists, or at least have a real passion for a specific product. Many entrepreneurs try to do the whole job alone, or surround themselves with “yes” people, or count on family and friends to back them. Using metrics to measure results and commitments.

Silicon Valley 284

Silicon Valley Technical Review Leadership Metrics 284

Hearpreneur

DECEMBER 29, 2021

Often entrepreneurs and business owners create their New Year’s Resolutions around their business. We asked entrepreneurs to share their biggest goals and what they were looking forward to in 2021. #1- One of the key metrics of success in Real Estate is having a large market share. 1- Expanding skillset.

Entrepreneur 139

Entrepreneur Social Media Employee Los Angeles 139

The Startup Magazine

SEPTEMBER 21, 2020

We interviewed Mr. Abraham Gin, an entrepreneur, business coach, and CEO of Gin Consulting Group , which provides unique leadership development and training platforms. TSM: Going back to your early career decisions, tell us what factors influenced your decision to be an entrepreneur? Best of luck for more future successes.

Leadership 167

Leadership Founder Technical Review Entrepreneur 167

Steve Blank

SEPTEMBER 5, 2018

Most entrepreneurs today don’t remember the Dot-Com bubble of 1995 or the Dot-Com crash that followed in 2000. Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. It’s the antithesis of the Lean Startup.

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Lean Burn Rate Startup IPO 335

Hearpreneur

JANUARY 29, 2023

We asked entrepreneurs and business owners about the tough lessons they have learned in 2022. #1- Additionally, the shift towards performance-driven metrics for remote teams allowed professionals to take their productivity to new heights Thanks to David Brickley, STN Digital ! #7- Thanks to Tom McSherry, Premium SEO ! #13-

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Artificial Inteligence Entrepreneur Agile Technical Review 133

Hearpreneur

SEPTEMBER 18, 2020

These 6 KRIs are The CHICAGO MetricsR and are the result of an aggregation algorithm based on any number of tactical metrics. Since basis of the company was to create, track, and report out on metrics it fit with the theme and the name, hence, CHICAGO MetricsR. Thanks to EdwardMarchewka, CHICAGO MetricsR ! #3- 3- Name description.

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Naming India Chicago Entrepreneur 152