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How To Identify Difference Between Real Business & Hobby

By Martin at May 25, 2015 | 11:13 am | 0 Comment

How To Identify Difference Between Real Business & Hobby

As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. I recognize that entrepreneurs tend to substitute vision and passion for formal processes, but no discipline or process in building something new is a sure way to spend money, rather than see any return and build a self-sustaining more...

BizIdeas , entrepreneurship

How To Foster Team Accountability In Your Startup Company

By Martin at May 21, 2015 | 11:07 am | 0 Comment

How To Foster Team Accountability In Your Startup Company

Getting things done effectively in a startup requires total individual and team accountability. You can’t afford excuses and multiple people doing the same job. In my view, “taking responsibility” is the core element behind accountability. Many people hear responsibility as an obligation, but I hear it as “the ability to respond.” Unfortunately many people more...

BizIdeas , entrepreneurship ,

How To Maximize The Value Of Your Startup Company’s Stock

By Martin at May 19, 2015 | 11:18 am | 0 Comment

How To Maximize The Value Of Your Startup Company’s Stock

When an entrepreneur first incorporates his or her business, he or she may find him or herself the proud owner of 10 million shares of common stock, commonly called founder’s shares. It’s disconcerting for most to realize that these shares are initially worth nothing, and the challenge is to get that value up as quickly as possible, without losing it just as quickly more...

StartUPS ,

How To Pick Right Startup Model

By Martin at May 13, 2015 | 11:17 am | 0 Comment

How To Pick Right Startup Model

Being an entrepreneur seems to be one of the most popular lifestyle aspirations these days. According to most definitions, anyone who starts a business is an entrepreneur, but most people don’t realize there are many startup types out there, and picking the wrong one can be just as disastrous as being stuck in a cubicle at work, or doing things with no interest and no more...

BizIdeas , entrepreneurship

Key Challenges Of A New Startup

By Martin at May 11, 2015 | 11:23 am | 0 Comment

Key Challenges Of A  New Startup

In my experience with entrepreneurs, there seems to a wealth of self-proclaimed “idea people” who aspire to start businesses, but only a few who are willing and able to dig in and get the job done. All the great ideas in the world won’t make a business, if the ideas never get implemented. Only rare great entrepreneurs, like Bill Gates and Elon Musk, have proven to more...

BizIdeas , entrepreneurship

Best Entrepreneurs Are Pragmatic Problem Solvers

By Martin at May 8, 2015 | 11:27 am | 0 Comment

Best Entrepreneurs Are Pragmatic Problem Solvers

Perhaps sparked by the recession recovery, I’m seeing a new era of the entrepreneur, with startups springing up all around. Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers. They have an uncanny ability to find elegant, easy, and fast solutions to pain points in the marketplace, as well as their own more...

BizIdeas , entrepreneurship ,

How To Become A Successful Entrepreneur

By Martin at May 6, 2015 | 11:22 am | 0 Comment

How To Become A Successful Entrepreneur

Despite the rush in every academic institution to offer more courses on entrepreneurship, I still haven’t found it to be something you can learn in school. Of course, you can pick up the basic principles this way, but the problem is that the practical rules for success are changing so fast that no academic can keep up. The best thing you can learn in school is how to more...

BizIdeas , entrepreneurship

10 Basic Principles For Mentor & Mentee To Follow

By Martin at May 4, 2015 | 11:33 am | 0 Comment

10 Basic Principles For Mentor & Mentee To Follow

Every entrepreneur can learn from a mentor, no matter how confident or successful they have been to date. Most people don’t know that billionaire Mark Zuckerberg, for example, gives real credit to the inspiring mentorship of Steve Jobs for Mark’s Facebook success. Yet most entrepreneurs simply don’t know how to work with a mentor. It is not as simple as one person more...

BizIdeas , entrepreneurship ,

How To Convert Your Startups Idea Into Sustainable Business

By Martin at April 30, 2015 | 11:48 am | 0 Comment

How To Convert Your Startups Idea Into Sustainable Business

It seems like everyone wants to be an entrepreneur and get rich these days. As a business mentor, I sometimes feel besieged by people begging for my view and support of their latest idea. In reality, I like most ideas, but I have to tell them that the real challenge is taking the inspiration from a dream to a business. All the evidence says that over 99% fail to make that more...

BizIdeas , entrepreneurship ,

How Startups Should Improve Their Team’s Productivity

By Martin at April 29, 2015 | 11:36 am | 0 Comment

How Startups Should Improve Their Team’s Productivity

If you are like most entrepreneurs I know, there just aren’t enough hours in a day to get all your own work done, as well as run the many one-hour meetings each team member seems to demand for decisions and mentoring. I have found it to be more productive and effective to lead with the model that no meetings will take an hour, and may be done in as little as five more...

BizIdeas , entrepreneurship