entrepreneurship

Why Personal Integrity Is Important For Entreprenurs

By Martin at July 29, 2014 | 11:15 am | 0 Comment

Why Personal Integrity Is Important For Entreprenurs

As an entrepreneur, your personal integrity is critical for getting and keeping the support of investors and team members, and your company’s integrity is critical for getting and keeping customers and vendors. But in a practical sense, what does that really mean? Most definitions of integrity include something like “the quality of being honest and morally more...

BizIdeas , entrepreneurship ,

How To Start A Company On A Shoestring Budget

By Martin at July 28, 2014 | 11:49 am | 0 Comment

How To Start A Company On A Shoestring Budget

It wasn’t so many years ago that starting a new e-commerce business on the Internet was a complex custom development project, usually costing a million dollars or more. Now you can do it for free, or a few hundred dollars, with one of the many web building tools available, likeShopify or Weebly Store. A programmer can build a new smartphone app for a few thousand more...

BizIdeas , entrepreneurship

How Small Business Should Survive & Prosper In Any Situations

By Martin at July 25, 2014 | 11:35 am | 0 Comment

How  Small Business Should Survive & Prosper In Any Situations

Most small businesses are trying to forget the recent recession, and get back to “business as usual.” They don’t realize that business as usual is gone forever. With social media and smart phone conversations, real product information spreads at astounding speeds. Entrepreneurs that are not listening, not engaging, and not changing will be left behind even in the more...

BizIdeas , entrepreneurship

How To Create Contagious Leadership For Your Startup Company

By Martin at July 23, 2014 | 10:50 am | 0 Comment

How To Create Contagious Leadership For Your Startup Company

Startups provide business leadership with new products, services, and new revenue models, but leadership startups can only be built by entrepreneurs who are leaders themselves, and incent leadership in the team around them. Leadership which incents other people to be leaders is called “contagious leadership.” John Hersey, in his book “Creating Contagious more...

BizIdeas , entrepreneurship

When Entrepreneurs Or Business People Should Ask For Entitlement?

By Martin at July 21, 2014 | 11:25 am | 0 Comment

When Entrepreneurs Or Business People Should Ask For Entitlement?

Where did this sense of entitlement in our business culture come from? I’ve written about this before, but I was reminded again a while back at a conference for startups when an entrepreneur started berating investors for not funding early-stage startups. It sounded to investors like me that they felt a funding entitlement for their startup idea. Of course, I’m sure more...

BizIdeas , entrepreneurship , ,

How To Make Your Inventive Idea Fundable?

By Martin at July 19, 2014 | 10:44 am | 0 Comment

How To Make Your Inventive Idea Fundable?

Every inventor seems to think their invention is worth a million dollars, but I haven’t seen anyone pay that much for one yet. In fact, I often have to tell aspiring entrepreneurs that their inventions have zero value, at least not until they are put in the context of a business plan, with qualified people committed to executing the plan. Early-stage ideas fall in the more...

BizIdeas , entrepreneurship

How To Build A Prototype Startup

By Martin at July 17, 2014 | 11:35 am | 0 Comment

How To Build A Prototype Startup

These days, everyone wants to be an entrepreneur, pitching their latest and greatest new idea, and looking for someone to give them money. Angel investors, like me, have long figured out that asking to see the prototype is a quick way to separate the ‘wannabes’ from serious players. Talk is cheap, but entrepreneurs who show you a working model of their idea know how more...

BizIdeas , entrepreneurship

How Entrepreneurs Should Survive The Valley Of Death

By Martin at July 15, 2014 | 11:37 am | 0 Comment

How Entrepreneurs Should Survive The Valley Of Death

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. I often get asked about the real alternatives to bridge this valley, and there are some good ones I will outline here. According more...

BizIdeas , entrepreneurship ,

How To Transform Yourself From Being Employee To An Entrepreneur

By Martin at July 14, 2014 | 10:50 am | 0 Comment

How To Transform Yourself From Being Employee To An Entrepreneur

I talk to many people who have spent years struggling up the corporate ladder who dream of jumping ship and becoming an entrepreneur. I hasten to tell them that every job move is fraught with risk, but the move from employee to entrepreneur is on the high end of the risk curve. It’s a big jump, especially in today’s economy, so do your homework first on this more...

BizIdeas , entrepreneurship ,

Find Out If You Are Perfect For The Entrepreneur Lifestyle

By Martin at July 10, 2014 | 8:12 am | 0 Comment

Find Out If You Are Perfect For The Entrepreneur Lifestyle

If you think you are the perfect fit for the entrepreneur lifestyle, but you’re not yet sure if you’re ready to start your own, then I recommend that you take a job with an existing startup first to validate the culture realities against your dream. Without risking all your life savings, you may find that corporate desk you have as an alternative is a lot more more...

BizLifestyle , entrepreneurship