entrepreneurship

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

How Smart Entrepreneurs Identify Weak Signals Quickly

By Martin at March 19, 2015 | 11:04 am | 0 Comment

How Smart Entrepreneurs Identify Weak Signals Quickly

When the economy tanks as it did in the last recession, that’s a strong signal that things have to change, and it’s hard to miss. But most of us in business have to deal most of the time with weak signals, or change that is happening in a far more subtle way. These changes can be cultural, like the increasing need to be social, spawning Facebook and a hundred others, more...

BizIdeas , entrepreneurship

Ask Right Questions Before Becoming An Entrepreneur

By Martin at March 18, 2015 | 11:04 am | 0 Comment

Ask Right Questions Before Becoming An Entrepreneur

As a mentor to aspiring entrepreneurs, the most common question I get is, “I want to be an entrepreneur -- how do I start?” The obvious answer is that you need an idea first, but I’ve come to realize that the process is really much more complex than that. Many people with great ideas never make it as entrepreneurs, and true entrepreneurs can make a business out of more...

BizIdeas , entrepreneurship ,

Helpful Tips For HeadStrong Entrepreneurs

By Martin at March 16, 2015 | 11:45 am | 0 Comment

Helpful Tips For HeadStrong Entrepreneurs

If an entrepreneur doesn’t find themselves in over their head at least 20% of the time, they are probably not pushing the limits, not taking enough risk, and probably not working on an idea that’s worth doing. The challenge in to know when and how to ask for help, and not let bravado and ego mask anxieties. The best people know when they don’t know, and know how to more...

BizIdeas , entrepreneurship

Ethical Solutions For Tough Startup Problems

By Martin at March 13, 2015 | 11:37 am | 0 Comment

Ethical Solutions For Tough Startup Problems

Many people seem to have the sense that ethics are spiraling downward in business, and unfortunately most startup professionals and entrepreneurs I know don’t believe they can make a difference. They don’t realize that if they don’t take an active role in the solution, they really become part of the problem. I do believe that most business people want to do more...

BizIdeas , entrepreneurship ,

5 Basic Strategies That Every Entrepreneur Should Learn

By Martin at March 11, 2015 | 11:49 am | 0 Comment

5 Basic Strategies That Every Entrepreneur Should Learn

Every entrepreneur realizes that change is now the norm, and they have to adapt their business quickly to survive and prosper. In fact, the best entrepreneurs seem to see breakthrough changes coming even before they really happen, and are able to turn them into huge new opportunities. In the trade, this rare capability is called the ability to see around corners. While more...

BizIdeas , entrepreneurship ,

What separates an idea person from a visionary leader?

By Martin at March 9, 2015 | 11:41 am | 0 Comment

What separates an idea person from a visionary leader?

A popular approach for aspiring entrepreneurs these days seems to be to corner anyone who will listen, with a pitch on their current “million dollar idea.” The initial monologue usually ends with the question “How much money do you think this is worth?” In my opinion, ideas are a commodity, and are really not worth much, outside the context of a visionary leader more...

BizIdeas , entrepreneurship ,

How Entrepreneurs Should Build Self-Esteem & Avoid The Ego Trap

By Martin at March 5, 2015 | 11:05 am | 0 Comment

How Entrepreneurs Should Build Self-Esteem & Avoid The Ego Trap

In my years of mentoring entrepreneurs, a problem I have seen too often is low self-esteem, and over-compensating through arrogance and ego. These entrepreneurs find it hard to respect customers or team members, and their ventures usually fail. As a team member, low self-esteem leads to low confidence, poor productivity, and no job satisfaction. Fortunately, both can be more...

BizIdeas , entrepreneurship , , ,

Which Subscription Model Startups Should Opt?

By Martin at March 3, 2015 | 11:21 am | 0 Comment

Which Subscription Model Startups Should Opt?

Every new business quickly realizes that revenue coming in every period on a committed basis is the Holy Grail to survival and growth. According to many experts, getting new customers is five to ten times harder than getting additional revenue from existing customers. Thus the subscription model (low fixed monthly payments), is rapidly becoming the norm for new products more...

BizIdeas , entrepreneurship

Want To Try Entrepreneurial Lifestyle? Here Are Tips To Follow

By Martin at March 2, 2015 | 12:11 pm | 0 Comment

Want To Try Entrepreneurial Lifestyle? Here Are Tips To Follow

Deciding to be an entrepreneur is a lifestyle move, and should be part of a long-term strategic plan. You shouldn’t be making this decision just because you are mad at your boss, you would like to be rich, or someone else thinks it’s a good idea. In these changing times, if you already have a startup, with no plan, maybe it’s time to think ahead for a more...

BizIdeas , BizLifestyle , entrepreneurship