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Why Entrepreneurs Need Smarter People For Their Startup

By Martin at November 26, 2014 | 10:53 am | 0 Comment

Why Entrepreneurs Need Smarter People For Their Startup

Helpers do what you say, while good help does what you need, without you saying anything. People who can help you the most are actually smarter than you, at least in their domain.Top entrepreneurs spend more time putting the right team in place to accomplish their objectives than they spend on any other components of their job. Some entrepreneurs are so in love more...

StartUPS , ,

What Startups Should Learn From Early Adopters & Late Adopters

By Martin at November 24, 2014 | 11:20 am | 0 Comment

What Startups Should Learn From Early Adopters & Late Adopters

Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. Unfortunately, for most solution markets, early adopters represent only 10 to 15 percent of the total opportunity, so it’s easy to get mislead on the real requirements of mainstream customers. Psychologists call this the confirmation bias. more...

BizIdeas , entrepreneurship

Why Gaining Trust Is Most Important Task For Entrepreneurs

By Martin at November 21, 2014 | 10:26 am | 0 Comment

Why Gaining Trust Is Most Important Task For Entrepreneurs

One of the first harsh realities that every entrepreneur has to learn is that most of the things that are critical to startup success are outside of their direct control. Just because you dream it and build it, doesn’t mean they will come – that encompasses not only customers, but also investors, partners, team members, and even your own family. They won’t come if more...

BizIdeas , entrepreneurship

Survival Tips For Startups

By Martin at November 17, 2014 | 10:37 am | 0 Comment

Survival Tips For Startups

The good news is that the rate of entrepreneurship is down a bit, to pre-recession levels, according to the latest Kaufmann Index of entrepreneurial activity. The bad news is that it’s still high, the opportunity for change is huge, and the cost of entry is at an all-time low. It’s a jungle fight for survival out there for aspiring entrepreneurs of all ages and more...

BizIdeas , entrepreneurship ,

Pros & Cons Of CrowdFunding For Startups

By Martin at November 12, 2014 | 11:06 am | 0 Comment

Pros & Cons Of CrowdFunding For Startups

Many entrepreneurs seems to be convinced that the “crowd” of regular people using the Internet will somehow solve their startup funding needs, when they sense a lack of interest from accredited investors. Professionals maintain that there is plenty of money and equity for qualified startups, and funding marginal startups via any source will only make more people more...

BizIdeas , entrepreneurship

How To Identify Leadership Mistakes

By Martin at November 10, 2014 | 10:46 am | 0 Comment

How To Identify Leadership Mistakes

Even entrepreneurs who have built many startups, or sold their last one for millions of dollars, know they make occasional people leadership mistakes. They know leadership is all about managing their own complicated, illogical, and fallible human foibles, as well as the people they depend on. These can trip up even the best, often at the cost of more than a good night’s more...

BizIdeas , entrepreneurship ,

How To Avoid Ruining Your Startup Company

By Martin at November 6, 2014 | 11:28 am | 0 Comment

How To Avoid Ruining Your Startup Company

Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others. It seems to be part of the “fail fast, fail often” mantra often heard in Silicon Valley. As an advisor to many startups, I’m convinced it’s an expensive and painful approach, but I do see it used all too more...

BizIdeas , entrepreneurship ,

True Entrepreneur Thrive On The Experience Of Learning

By Martin at October 31, 2014 | 10:22 am | 0 Comment

True Entrepreneur Thrive On The Experience Of Learning

In today’s fast moving world of business startups, learning trumps knowing every time. What established businesses know through experience keeps them from looking for the new and innovative ways to do what they do better, cheaper, and faster. I’m convinced that’s why most mature companies are slowing down or buying their innovation through acquisition, rather than more...

BizIdeas , entrepreneurship

Software Patent Is Good Or Bad?

By Martin at October 29, 2014 | 11:05 am | 0 Comment

Software Patent Is Good Or Bad?

I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The good news is that a patent can scare off or at least delay competitors, and as a “rule of thumb” patents can add up to $1M to your startup valuation for investors or M&A exits (merger and acquisition). The bad news is that more...

BizIdeas , entrepreneurship

Entrepreneurs Perspective Vs Technician’s Perspective

By Martin at October 27, 2014 | 10:50 am | 0 Comment

Entrepreneurs Perspective Vs Technician’s Perspective

Over 25 years ago, Michael E. Gerber wrote a best-selling business book calledThe E-Myth: Why Most Businesses Don’t Work and What to Do About It. The E-Myth (“Entrepreneurial Myth”) is the mistaken belief that most businesses are started by people with tangible business skills, when in fact most are started by “technicians” who know nothing about running a more...

BizIdeas , entrepreneurship