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6 Startup Lessons Learned By Passionate Entrepreneurs

Startup Professionals Musings

In my own experience with technical startup founders, I still find it hard to name one who was also good, or even interested in financials or business operations. I recommend a personal SWOT analysis first – find your strengths, weaknesses, opportunities and threats.

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6 Reasons Why More Is Not Better In Your Next Startup

Startup Professionals Musings

In fact, there are a host of reasons why a non-focused startup business is more likely to struggle for survival, lose market and investor attention, and miss out on the opportunity to capitalize on their scope: Time to market is tied to the size of your offering. No startup can implement a broad strategy quickly enough to stay ahead.

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6 Strategies For Startup Exit That Investors Accept

Startup Professionals Musings

The last thing a new entrepreneur wants to think about for a new startup is how it will end. Startups with no exit planned will minimize investor returns. Most entrepreneurs like the startup role, but not the big-company role. Yet one of the first things a potential equity investor asks about is your exit strategy.

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10 Tips On Due Diligence On Any Startup Funding Offer

Startup Professionals Musings

Work at home to fund your startup. This is the classic pyramid scheme where you get an email with a list of names, asked to send a few dollars to the person at the top of the list, add your own name, and forward the updated list to a number of other people, resulting in a huge return to you. Delete the message.

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I Haven’t Seen A Startup Yet Thrive Without Marketing

Startup Professionals Musings

There is a reason that sites like Priceline.com Europe and Facebook, which everyone believes were made popular by viral marketing, have spent at least $50 million each becoming a household name. Unless you have very deep pockets, plan for some very significant marketing costs to kick-start your dream. Marty Zwilling.

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Is the Lean Startup Dead?

Steve Blank

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. It’s the antithesis of the Lean Startup.

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6 Benefits of Outsourcing and Freelancing In Startups

Startup Professionals Musings

I just finished a new book for entrepreneurs, “ Secrets to a Successful Startup ,” by Trevor Blake, which makes the same points, based on his own real-life experience with three successful startups. Outsourcing can give your startup a more mature image. Startups all need that flexibility.