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How To Convince Investors That Your Business Model Will Work?

By Martin at April 22, 2015 | 12:11 pm | 0 Comment

How To Convince Investors That Your Business Model Will Work?

How do you convince investors that your business model will really work, before you have a revenue stream that exceeds your expenses? Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question. Too many founders have learned that passion and free beta products do not imply a sustainable business. Proof of more...

BizIdeas , entrepreneurship ,

What Motivates Real Innovators?

By Martin at April 20, 2015 | 11:02 am | 0 Comment

What Motivates Real Innovators?

Real innovation in the business world is still rare. As I’ve said before, everyone talks about innovation, but the majority of new business plans I see still reflect linear thinking – one more social network with more features, another smartphone app for marketing, or one more platform for faster e-commerce. Historic changes and great successes don’t come from more...

BizIdeas , entrepreneurship

How To Get Funding For Your Product (R&D)

By Martin at April 15, 2015 | 11:12 am | 0 Comment

How To Get Funding For Your Product (R&D)

Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. If you need funding for these early stage activities, I have some suggestions on better more...

BizIdeas , entrepreneurship , ,

Why Entrepreneurs Should Be Mentally Tough

By Martin at April 13, 2015 | 1:51 pm | 0 Comment

You have to be extra tough mentally to be an entrepreneur. While thinking about it, I realized that it’s really not that different from the toughness required and trained into America’s elite military force of Navy SEALs, who are known to be cool under fire, able to sense danger before it’s too late, and never give up on achieving their objective. I just finished more...

BizIdeas , entrepreneurship

Planning To Invest In Startup? Then Ask Right Questions

By Martin at April 9, 2015 | 11:12 am | 0 Comment

Planning To Invest In Startup? Then Ask Right Questions

Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. Yet if you are on the other side of the table, there are some other key questions that you need to ask, which will tell you more about the real success prospects for this more...

Money Matters , entrepreneurship ,

How To Find A Co-founder With Complementary Skills

By Martin at April 7, 2015 | 11:00 am | 0 Comment

How To Find A Co-founder With Complementary Skills

A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Of course, they can outsource part of the work or hire employees, but that approach means more time and money to manage the work, which they don’t have. The right answer is to find a co-founder with more...

BizIdeas , entrepreneurship , ,

10 Common Startup Failure Sources

By Martin at April 2, 2015 | 10:55 am | 0 Comment

10 Common Startup Failure Sources

Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. These things outside your control do happen, but based on my years of experience as a startup advisor and Angel investor, I still see too many common failure causes that are inside the entrepreneur more...

StartUPS , entrepreneurship

How Startups Should Balance Risk With Right Opportunity

By Martin at March 31, 2015 | 11:28 am | 0 Comment

How Startups Should Balance Risk With Right Opportunity

Outside of dreams, there is no real business opportunity without risk. Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk. As an active Angel investor, I still hear entrepreneurs asserting large opportunities with minimal risk and no competition. My conclusion either way is that they have no market, more...

BizIdeas , entrepreneurship , ,

How Big Data Is Impacting Human Behavior?

By Martin at March 26, 2015 | 12:02 pm | 0 Comment

How Big Data Is Impacting Human Behavior?

We are now solidly in the era of big data, where computers are capturing and processing the details of everything we do with all our interconnected devices in real time. Businesses see this as the Holy Grail for finally being able to predict who, where, and when customers will buy their existing solutions, and what their future solutions must look like to be more...

Digital Intelligence

How To Attract The Best Advisors For Your Startup Company

By Martin at March 24, 2015 | 12:31 pm | 0 Comment

How To Attract The Best Advisors For Your Startup Company

Every startup needs a couple of advisors with deep experience and connections in your business domain or financial skills to complement your technical focus. Advisors need to be mentors, looking ahead and directing you on key actions to take or avoid. Unfortunately, many prefer the role of critic, looking backward to highlight your mistakes. These people don’t help you more...

BizIdeas , entrepreneurship