Browsing Posts of Author

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

Steps To Follow From Innovation To Execution For Startups

By Martin at October 24, 2014 | 11:21 am | 0 Comment

Steps To Follow From Innovation To Execution For Startups

Most people think innovation is all about ideas, when in fact it is more about delivery, people, and process. Entrepreneurs looking to innovate need to understand the execution challenge if they expect their startup to carve out a profitable niche in the marketplace, and keep innovating to build and maintain a sustainable competitive advantage. Everyone thinks they more...

BizIdeas , entrepreneurship

How To Identify A Great Boss

By Martin at October 20, 2014 | 10:58 am | 0 Comment

How To Identify A Great Boss

Everyone can recognize a great boss a mile away, so why is it so hard to find one? We all remember a few that are “legends in their own mind”, but that doesn’t do it. In fact, the clue here is that the view in your mind is the only one that matters, rather than the other way around. Almost every one of us in business can remember that one special manager or more...

BizIdeas , entrepreneurship ,

Ten Rules Of Science Of Success For Entrepreneurs

By Martin at October 18, 2014 | 12:43 pm | 0 Comment

Ten Rules Of Science Of Success For Entrepreneurs

In this world of constant change, new technologies, and a thousand cultures, it’s evident and somehow comforting to me that the basic rules for business prosperity really haven’t changed in the last hundred years. Business success is still more about the people than the technology or idea involved. As an Angel investor and a mentor to entrepreneurs I still see this more...

BizIdeas , entrepreneurship ,

How To Build Billion Dollar Startup Company

By Martin at October 16, 2014 | 11:30 am | 0 Comment

How To Build Billion Dollar Startup Company

One of the business ironies that many entrepreneurs have learned the hard way in the past is that ideas which are truly disruptive carry the highest risk of failure, take the longest to gain traction, and thus are the least likely to get external funding. So some entrepreneurs stick with incremental solutions, avoiding more transformational or adaptive solutions implying more...

BizIdeas , entrepreneurship ,

7 Survival Tips For Top Executives Who Wants To Run Startup Company

By Martin at October 15, 2014 | 1:22 pm | 0 Comment

7 Survival Tips For Top Executives Who Wants To Run Startup Company

Mid-level or even top executives who “grew up” in large companies often look with envy at startups, and dream of how easy it must be running a small organization, where you can see the whole picture and it appears you have total control. In reality, very few executives or professional stars from large corporations survive in the early-stage startup more...

BizIdeas , entrepreneurship

Ten Common Sources Of Funding For First Time Entrepreneurs

By Martin at October 13, 2014 | 11:41 am | 0 Comment

Ten Common Sources Of Funding For First Time Entrepreneurs

One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” I always answer that there isn’t any magic, and contrary to the popular myth, nobody is waiting in the wings to throw money at you, just because you have a new and exciting business idea. On the other hand, there are many additional creative more...

Money Matters , entrepreneurship ,

How To Develop A Profitable Startup Company

By Martin at October 9, 2014 | 10:42 am | 0 Comment

How To Develop A Profitable Startup Company

As an entrepreneur, it’s never too early to set the culture you need for a thriving business, as well as thriving employees, customers, partners, and vendors. In fact, in my experience, cultures are very hard to change, so if you don’t get it right the first time, the road ahead will forever be difficult. “The Art of War” culture as an analogy for business just more...

BizIdeas , entrepreneurship

How To Deal With Your Startup Company Failure

By Martin at October 7, 2014 | 10:53 am | 0 Comment

How To Deal With Your Startup Company Failure

Your startup is gone, it’s never coming back, and you are in mourning. An entrepreneur whose business fails grieves similarly to anyone who has lost a loved one. The pain of losing a business is not only about a significant loss of income, but can send your entire identity into turmoil. Most entrepreneurs define themselves by their business projects. They calibrate more...

BizIdeas , entrepreneurship