BizIdeas

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...

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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

All About Customer Experience

By Martin at April 27, 2015 | 11:30 am | 0 Comment

All About Customer Experience

Not so long ago, every business assumed that the keys to success were the highest quality product, the best value for the buck, and the best customer service. Now all we hear about is providing the best “customer experience.” Exactly what is that customer experience that every modern marketer is talking about, and how do you measure it? A classic article in the more...

BizIdeas , entrepreneurship

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...

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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