I'm always looking for evidence of early startup characteristics that might be predictors of long-term success. Every investor has his own list, usually based on his own very small sample, or simply his gut feeling. Of course, we would all like to have a magic list based on more definitive...
4 Comments | Posted April 9, 2012 | 4:05 PM
Did you ever wonder why some entrepreneurs always seem to have all the luck and success, while others never seem to catch a break? As an Angel investor, I quickly learned that luck has very little to do with it, and I now look for some personal characteristics and leadership...
5 Comments | Posted March 29, 2012 | 6:57 PM
In sports, mental toughness is defined as the ability to focus on and execute solutions, especially in the face of adversity. If anyone in business ever needed mental toughness, it's an entrepreneur. Investors tell me that startup success is all about execution, all while facing determined competitors and overcoming customers'...
1 Comments | Posted March 21, 2012 | 5:26 PM
I've noticed that some entrepreneurs seem to have no trouble attracting investors, while others with a great business plan struggle. The reality is that "angel investors" are humans, and personal traits often make or break the relationship, even before the investment is considered.
On the top line, angel investors look...
0 Comments | Posted March 8, 2012 | 6:25 PM
Every startup needs to understand that the customer paradigm has dramatically shifted over the past two years with pervasive social networks and smartphones. The customer base is no longer a mass audience that can be driven by mass media, but a dynamic network of individual customers who interact with each...
1 Comments | Posted February 29, 2012 | 11:00 AM
Many people, especially those who have spent years struggling up the corporate ladder, dream of jumping ship and becoming an entrepreneur. But every job move is fraught with risk, and the move from employee to entrepreneur is on the high end of the risk curve. This is a big jump,...
1 Comments | Posted February 24, 2012 | 12:57 PM
Lack of confidence in yourself, your product, and your startup is a surefire recipe for disaster. At the other extreme, too much confidence or arrogance can kill you just as fast. It's always painful when a startup fails, but as a mentor to founders I would hope that you can...
1 Comments | Posted February 22, 2012 | 2:42 PM
Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. But recently I was asked about success factors for services startups, and I quickly realized that there is very little published to help the thousands...
2 Comments | Posted February 22, 2012 | 11:12 AM
Every startup with any traction quickly reaches a point where they need to hire employees to grow the business. Unfortunately, this always happens when pressures are the highest, and business processes are ill-defined. At this point you need superstars and versatile future executives, yet your in-house hiring processes and focus...
0 Comments | Posted January 13, 2012 | 10:18 AM
Whether it's a business or personal interaction, multiple studies show that as much as 50-65 percent of the communication is nonverbal. That means that people who are addicted to text messaging and email may be sending only half the message, and receivers often misinterpret even that half.
Yet...
0 Comments | Posted January 4, 2012 | 4:19 PM
Most people think that the Peter Principle (employee rises to his level of incompetence) only applies to large organizations. Let me assure you that it is also alive and well within start-ups. There I see founders and managers who are stalled transplants from large organizations, and technologists trying to run...
0 Comments | Posted January 3, 2012 | 1:52 PM
Great entrepreneurs have long been the epitome of people with a great work ethic. But many complain to me that it is becoming harder and harder to find team members and employees who demonstrate and live the same culture. Somewhere along the way, work ethic seems to have been replaced...
0 Comments | Posted December 19, 2011 | 1:23 PM
A common misconception I often hear in the start-up world is that nonprofits are easy and safe, since they don't have to pay taxes, and they don't have to make a profit for their shareholders. In reality, from the feedback I get from nonprofit executives, exactly the opposite is true.
...0 Comments | Posted December 13, 2011 | 10:47 AM
First things first -- your startup needs a name! This may seem a silly and frivolous task, but it may be the most important decision you make. The name of your business has a tremendous impact on how customers and investors view you, and in today's small world, it's a...
0 Comments | Posted December 6, 2011 | 1:14 PM
Many believe that entrepreneurs are born, not made. While I agree that successful company builders usually have a natural inclination to be entrepreneurs, a good education helps polish that apple. There are people who are natural musicians, but that doesn't mean we don't try to teach them music.
Of course,...
0 Comments | Posted November 26, 2011 | 3:19 PM
Many of the businesses and entrepreneurs I know still don't realize that they need to use and understand the Internet, even if their interest is not e-commerce. Maybe you have also heard a lot of Internet terms, but are not sure you can explain how, when, and why they are...
0 Comments | Posted November 17, 2011 | 11:53 PM
If you have a unique creation or invention, and you are not selling it around the world on the Internet, now is the time to start. The cost of entry has never been lower. Anyone can be an entrepreneur today, without a huge investment, bank loans, venture capitalists, or Angels.
...0 Comments | Posted November 1, 2011 | 11:55 AM
Most of the entrepreneurs I know realize they have some bad habits, like maybe procrastination or not listening well, so they focus on dropping these. New studies indicate that a more productive approach would be adopting new good habits and behaviors that clearly move your business forward, like good time...
0 Comments | Posted October 21, 2011 | 11:27 AM
To be successful as an entrepreneur, you don't have to be a fabulous person, but it helps. Some people, and some entrepreneurs, have that something extra, like Simon Cowell is searching for on the X-Factor, that you can't quite put your finger on. But the entrepreneurs that have...
0 Comments | Posted October 18, 2011 | 2:41 PM
Most startups dream of attracting a celebrity endorsement, and assume that it will take their startup to the stars. There have been some "famous" recent successes in this regard, such as Charlie Sheen using Twitter to promote Internships.com, as well as some failures, including MyFavorites.com using...

0 Comments | Posted April 16, 2012 | 1:59 PM