We don’t do a great job of talking about the most important cost of starting a company – our mental and emotional well-being. Every bit of startup life chips away at our lives as a constant grind. It’s a journey few of us truly appreciate until we are too far into it. It’s time to start having a more open conversation about what it really costs to be a startup Founder.
New entrepreneurs who want to survive, and optimize the growth of their startups, need to think globally and act locally, from day one. This approach, popularly known as “glocalization,” means you have to design and deliver global solutions that have total relevance to every local market in which you operate. Recognizing this is as much […]
From time to time I share quotes from my wanderings that seem useful to entrepreneurs. This latest collection, though, is a bit different.
In the entrepreneur world, it’s still a popular misconception that the “idea” is everything. Even though investors, like myself, have long made it clear that we invest in people, not ideas, new venture owners insist on talking about their latest “million-dollar idea,” rather than their “million-dollar team.” The power is in the people, their business […]
Your business can’t be all things to all people and excel at anything. Every entrepreneur and every business needs a strategy to keep them focused. In fact, in this new world of pervasive interactivity, it’s time to rethink even how to develop a strategy. Strategy used to come from the inside looking out, but now […]
Most business leaders I know clearly understand the difference between legal and illegal activities, but often are not so clear on the line between ethical and unethical. Unfortunately, there is no universal code of business ethics, written down and enforced by some external governing body. We all have to rely on our own interpretation of what […]
By most definitions of the term, an entrepreneur is someone who starts a new business, incorporating innovative changes to existing products, services, business models, and creating new markets. Yet very few achieve that great aspiration of really driving economic, social, and environmental changes on a global scale. What does it take to get to that […]
Put aside your fantasies, and take a hard look at who you really are, before you commit to the entrepreneurial lifestyle
The importance of “the introduction” to modern business, let alone the history of the world, cannot be understated. Putting together two individuals who benefit mutually from their connection can mark the start of a company, the beginning of a lifelong relationship, or, more commonly, a massive faux pas resulting in incalculable annoyance.
Outside of dreams, there is no real business opportunity without risk. Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk. As an active angel investor, I still hear entrepreneurs asserting large opportunities with minimal risk and no competition. My conclusion, either way, is that they have […]
A theme I often hear from the entrepreneurs and startups I advise is that once they see that first surge of traction from customers, they can relax and enjoy life for a change. The reality could not be further from the truth. In today’s world of growing competition and customer evolution, holding your own, and growing […]