Browsing Tag entrepreneurs

Why Entrepreneurs Should Not Be Secretive About Startup Idea

By Martin at August 22, 2014 | 11:15 am | 0 Comment

Why Entrepreneurs Should Not Be Secretive About Startup Idea

It’s popular these days for startup founders to operate in stealth mode, meaning no details about the idea or progress are shared with anyone until the big reveal and rollout. The common reason given is that this prevents any competitor from stealing their idea and beating them to market. In my view, this paranoid approach costs them much more than the risk of being more...

BizIdeas , entrepreneurship ,

Entrepreneurs Can Get Success Without Disruptive Technology

By Martin at August 1, 2014 | 11:23 am | 0 Comment

Entrepreneurs Can Get Success Without Disruptive Technology

It may not be as sexy, but starting a new business that builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology. There are many levels of innovation that go beyond copying someone else’s idea, but stop short of pushing the bleeding edge. Many of the major business successes started this way. more...

BizIdeas , 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 ,

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 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 ,

Why Entrepreneurs Need To Be Accountable

By Martin at June 24, 2014 | 8:26 am | 0 Comment

Why Entrepreneurs Need To Be Accountable

Everyone seems to like the aspect of being an entrepreneur that goes with “being your own boss” and “able to do things my way.” But sometimes they forget that this kind of freedom comes with a price of personal accountability. Accountability means “the buck stops here,” and “all the failures are mine.” Too many people seem to do whatever it takes to more...

BizIdeas , entrepreneurship

How Entrepreneurs Think & Act

By Martin at June 21, 2014 | 10:23 am | 0 Comment

How Entrepreneurs Think & Act

Maybe starting a new business isn’t your passion, but in these days of rapid change, where everyone is dealing with uncertainty, I believe that thinking and acting like entrepreneurs will help you get ahead in any profession. In simple terms this means taking control of your life, going after something you love to do, and taking action. Stop letting life decisions more...

BizIdeas , entrepreneurship

Top Ten 0utsourcing Mistakes Made By Entrepreneurs

By Martin at June 19, 2014 | 10:56 am | 0 Comment

Top Ten 0utsourcing Mistakes Made By Entrepreneurs

These days, it is almost impossible to find a small business where everything is done at the home location, by full-time employees. We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business more...

BizIdeas , entrepreneurship ,

Startups Are All About Execution

By Martin at May 17, 2014 | 9:38 am | 0 Comment

Startups Are All About Execution

I’ve always said that startups are all about execution. Sometimes I encounter self-proclaimed entrepreneurs who have been “thinking” about a concept for many years, and haven’t started yet. Some of these may be visionaries, but none are real entrepreneurs - yet.Elon Musk has built several innovative companies, including SpaceX and Tesla Motors, and is worth about more...

BizIdeas , entrepreneurship ,

Entrepreneurs Are Hunters Or Farmers?

By Martin at May 13, 2014 | 8:25 am | 0 Comment

Entrepreneurs Are Hunters Or Farmers?

Most entrepreneurs believe they are “different,” but they can’t quite understand how. They usually explain it by insisting that they are driven to follow their passion, need to be their own boss, want to get rich quick, or want to change the world. I now believe that the roots of the difference may go back more than 10,000 years, when hunting and farming became two more...

BizIdeas , entrepreneurship