Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Thus, financial projections for up to five …
4 Simple Steps Will Get Startup Financial Projections Read More »
Some entrepreneurs view an advisory board as a burden and ignore the big potential payback. n my experience as an angel investor for new startups, I’m always surprised by how many entrepreneurs are looking for funding without outside advisors. An experienced Board can give them credibility, as well as advice on the many pitfalls of starting a new company. Especially …
5 Keys to Jumpstarting Your New Venture With Skilled Advisers Read More »
8 Essentials For Being Unstoppable In Your Business
Coming up with a new idea with huge potential is only half the battle. Equally important is finding one that fits you.
The 9 Critical Stages of Building a Business, Startup founders focus on their product, but often forget that building a business around it requires many stages.
One of the characteristics that every good investor looks for in an aspiring entrepreneur is resilience, or the ability to learn from and bounce back after a failure.
The alternative is to spend big money later on pivots, lost credibility with investors, and delays at rollout trying to build visibility and credibility
Attracting the right customers is the key to success in business, whether you have a startup or you’ve been in business for years.
The simple solution I recommend to inventors is to find a partner who can focus on business and marketing, while you focus on technology. Bill Gates did this with Microsoft, by teaming with Steve Ballmer from Proctor & Gamble, and Steve Jobs, who started Apple, did it in reverse by teaming with Steve Wozniak. Two people with complementary skills are often equal to three.
In reality, it doesn’t take a huge investment of money and time to build a prototype today. If it is hardware, look for one of the ‘makerspaces’ such as ProtoStripes, with all the tools you need to prototype almost anything yourself. Software products and apps can be quickly wire-framed with free tools such as MockFlow, or even Microsoft Powerpoint to lay out the key screens.
