Most of you aspiring entrepreneurs have no idea how dramatically your own role has to evolve as you develop a solution, start a business, and expect it to scale into a successful self-managed company. You may have a strong product development background, but typically have minimal experience in hiring and leading team members and groups, […]
The traditional approach of implementing stable and repeatable processes, so that your business can run itself, no longer works.
I’m convinced that you can learn more from failure than success, so it pays to take these as lessons to improve your success odds before you start.
The public markets are continuing to go down, and the whispers of an upcoming recession are on Twitter, on Bloomberg, and in the private conversations. The experts are predicting the recession sometime between now, and the end of 2020. While I am no expert on Macroeconomics, I do know that it is prudent to plan […]
The requirements for success for entrepreneurs may indeed be not so much academic, but more a mindset of confidence, commitment, perseverance, and constant learning.
Starting and running a business is unpredictable, and has a high risk of failure. For people with a victim mentality, this fear of failure alone will almost certainly make it a self-fulfilling prophecy.
In my career in business, I’ve found that the people you work with make all the difference. If everyone works well together, you all feel a sense of job satisfaction. If some people on the team are irritating to you and others, the whole environment becomes toxic, killing your motivation and the productivity of the […]
One of the biggest impediments to starting a new venture is the “terror barrier”. This is the imaginary barrier that always seems to appear at the critical point where we would step out ahead of peers or competitors, but fear causes us to stop short.
It’s helpful when pitching venture capital firms to understand the mechanics of how the venture fund itself works. This will often give you an inside glimpse as to the motivations of the partners as well as how to understand the goals of venture capital firms overall.
Entrepreneurs seem more quickly frustrated these days when their “million-dollar idea” doesn’t turn into a sustainable business overnight. They don’t realize that it takes many skills to build a business under the best of circumstances, and today’s world of instant gratification doesn’t leave room for the patience and practice to develop these skills.
Most entrepreneurs are ready to declare success when they get that first surge of traction with a real customer. This is a good sign, but they have no idea that the hard work of scaling the business is still ahead of them.