For some reason I’ve been doing a lot of interviews lately. In many of them I get asked similar questions, including the inevitable “what makes a great entrepreneur?”
[credit provider=”woodleywonderworks via Flickr” url=”http://www.flickr.com/photos/wwworks/864731205/”] Most early stage startups having monthly board meetings. I normally recommend 8 meetings per year. It makes no sense to meet in August or December due to travel schedules of most investors. You can do calls if need be. And I often recommend that board […]
In last week’s MBA Mondays, I introduced the topic that we’ll be focused on for the next month or so; projections, budgeting, and forecasting. In that post, I described projecting as a “what if” exercise that is done at a higher level of abstraction than the budgeting and forecasting exercises. […]
[credit provider=”Mac Babs – Bárbara Bessa. via Flickr” url=”http://www.flickr.com/photos/mc_babs/2408380913/”] You want to quit, but you don’t know how to broach the subject with your boss.Jason Calacanis, founder and CEO of Mahalo, has seen a whole spectrum of resignations.
Every board meeting should end with an executive session. The term executive session is an oxymoron because it is a meeting of all the board members other than the executives of the company.
Along the lines of posting what I believe is essential to launch a business and grow it successfully, I wanted to reflect on something I heard a couple days ago while in London.
Fred Wilson and I, on the way back from an Etsy board meeting, were talking about how many entrepreneurs had dropped out of college.
[credit provider=”Peter Heilmann via Flickr” url=”http://www.flickr.com/photos/peter_heilmann/2858704451/”] The importance of having a co-founder has long been a central tenet for startup entrepreneurs and VCs. Venture Hacks, Paul Graham, and myriad other experts list it as the most important piece of advice for founders.Recently, I’ve met with many talented aspiring entrepreneurs who […]
[credit provider=”Rusty Darbonne via Flickr” url=”http://www.flickr.com/photos/rustydarbonne/2895288877/”] Learning how to network effectively is one of the most powerful tools an individual can use to advance their personal and professional life.
From Women Entrepreneur:
[credit provider=”Thomas R. Stegelmann via Flickr” url=”http://www.flickr.com/photos/thomasrstegelmann/1409418299/”] Being able to develop relationships with your customers online is an awesome benefit of today’s social media connected world.
[credit provider=”yomanimus via Flickr” url=”http://www.flickr.com/photos/yomanimus/4182296461/”] From Entrepreneur:We are like dogs. We respond better to success than we do failures.
Late last week, Apple (AAPL) reported $13.5 billion in revenue for the first quarter of the year. You might be forgiven for thinking that it’s a huge multinational corporation. But here’s why – despite its impressive earnings – Apple is more like a startup than you might think. In fact, […]
Oh, boy. Here we go again. Another post on job hopping. This will be my final word on the topic. I promise. My goal here is to move the debate forward, add my POV but not inflame things any further. Inflaming was never my goal. Let’s see if I can […]
Well known VC and entrepreneur Mark Suster recently posted that you should “Never Hire Job Hoppers. Never. They Make Terrible Employees.” I almost completely disagree. Before I dissect his argument I should provide a little disclaimer and background.
Note: This article was originally published on OPEN Forum.
[credit provider=”The Fresh Express”] Business plan competitions are the air guitar championships of the startup world. This is the case when the requirements of these events don’t actually include building a real business or product. I mean, you don’t have to build an actual business—you can just mimic the movements and […]
[credit provider=”kdinuraj via Flickr” url=”http://www.flickr.com/photos/kdinuraj/4138913782/”] I found myself speaking to an entrepreneur recently about how to develop a two-sided market. I thought I would relay some of our thoughts on the topic.Note that there is a decent bit of literature on this topic, much of which is more pervasive than […]
[credit provider=”AP”] Note: This post was originally published on OPEN Forum.
Last week I told Mark Josephson, CEO of Outside.in, that I have a greater appreciation for the hard hiring work all of you entrepreneurs do right now.
[credit provider=”respres (via Flickr)”] From Entrepreneur:
Referrals can act as a huge driving force behind any small business.
[credit provider=”ClickFlashPhotos / Nicki Varkevisser via Flickr” url=”http://www.flickr.com/photos/clickflashphotos/2824142858/”] Starting your own business is a life-changing choice — you should be sure you understand what it takes before you take the plunge.
[credit provider=”www.flickr.com” url=”http://www.flickr.com/photos/el7bara/129389392/”] Nilofer Merchant is CEO and Chief Strategist of Rubicon Consulting. She’s also the author of “The New How.” This post was originally published on her blog, and is republished with permission.
MBA Mondays is starting a new topic this week. It’s a big one and I think we’ll end up doing at least four and maybe even five posts on this topic in the coming weeks.
There are two broad philosophical approaches to explaining the forces that drive world events. The first one is sometimes called the Great man theory, neatly summarized by the quote “the history of the world is but the biography of great men.” This view was famously espoused by the philosopher Hegel and […]
This is part of my startup advice series. This post isn’t going to be popular. I’m sure of that. That’s OK. It’s still important advice for startup founders and something that I’m passionate about. And I care more about the debate than trying to be popular. And it’s important because […]
It was recently revealed that SEC officials were surfing porn while the financial system was imploding under their watch.
[credit provider=”Kim Scarborough” url=”http://www.flickr.com/photos/kim_scarborough/687997996/”] Note: This post was originally published on OPEN Forum.
They’re the biggest generation in U.S. history, they have consistently high spending habits, and they’re setting the trends for older generations.
[credit provider=”dr fad”] Everyone has million dollar ideas, but people rarely act on them. For entrepreneurs, one good idea can provide an extraordinary amount of hope. Even though the chances of success are minimal, these ideas give people something to aspire to greater than a boring cubicle and a nagging […]
A recent post for Forbes describes the top seven things every job-hunter should do to maximise their success.
[credit provider=”CarbonNYC via Flickr” url=”http://www.flickr.com/photos/carbonnyc/991004550/”] “Going green” is becoming a way of life in many places. Your office doesn’t need to be an exception.
[credit provider=”denise carbonell via Flickr” url=”http://www.flickr.com/photos/denisecarbonell/3923601326/”] From Women Entrepreneur:
Throwing your employees in a conference room and announcing “Let’s brainstorm!” is a good way to encourage collaboration and innovation.
Note: This article was originally published on OPEN Forum.
Editor’s note: The following excerpts are adapted from John Jantsch’s new book, The Referral Engine: Teaching Your Business to Market Itself.There was a time when marketers would simply create a product or brand, broadcast a compelling message, and send the sales folks out to hunt down new business. Over the […]
[credit provider=”AP”] This post is part of our new “Lifecycle of a Startup” series where I will, together with my colleagues, write about issues affecting startups at all stages of their lifecycle. There is no better place to start than at the beginning of the lawyer-client relationship, where I pull […]
Figuring out how to finance a company is easier for some founders than others. One situation that can make picking the right financing strategy very difficult is when founders have a business that could potentially make a great lifestyle business or a great venture-scale business. To clarify, this is a […]
I recently did a post for startups on understanding sales people.
[credit provider=”joebeone via Flickr” url=”http://www.flickr.com/photos/joebeone/474128586/”] Guerrilla marketing was made for small business owners.It requires creativity, flexibility, and a willingness to take a little risk.
[credit provider=”pixle via Flickr” url=”http://www.flickr.com/photos/pixle/1102673463/”] From Entrepreneur:
What do Google Analytics and print newspapers have in common? They’re both one day out of date when you read them. I’ve been using Chartbeat for over a month now to track performance of my blog and I find myself looking at Google Analytics much less these days.
[credit provider=”AP”] Note: This post was originally published at OPEN Forum.
I want to tackle the issue of forecasting and projections next in the MBA Mondays series but I don’t yet have an outline in my head of how I am going to approach this critical subject. So I am taking a breather this week and instead will tell a story […]
[preserve] [/preserve] The “How To Prepare For An Interview” series is supported by Gillette. [credit provider=”karsten.planz via Flickr” url=”http://www.flickr.com/photos/kplanz/2568385457/”] So, you want to be a management consultant.
[credit provider=”Picture Perfect Pose via Flickr” url=”http://www.flickr.com/photos/pictureperfectpose/76138988/”] As an entrepreneur/executive one of the decisions you need to make is who to use to help you insure your company. For some reason many people go to great lengths to do due diligence when selecting an attorney or accountant, but then spend 30 […]
is a cofounder of Hunch, the “Amazon recommendations for everything” site, an angel investor in companies like Skype and one of the founders of the angel fund Founder Collective, and definitely one of the top 5 bloggers you must read if you’re into the web, startups and entrepreneurship.
Note: This article was originally published on OPEN Forum.
[credit provider=”iStockphoto”] From Entrepreneur:
mollypop via Flickr
[credit provider=”respres (via Flickr)”] More and more businesses are developing an active social media presence.Yet, since many would argue that it’s impossible to measure ROI on most social media campaigns, you might still be wondering about the tangible benefits of all that work.
I have to admit, when I first saw Unvarnished, the anonymous people review site, I was very concerned. It didn’t really solve a problem I had. In fact, it seemed to create one. I saw it as a problem I now needed to deal with. As soon as I got […]
[credit provider=”commons.wikimedia.org” url=”http://commons.wikimedia.org/wiki/File:Dead_sea_newspaper.jpg”] Note: This article was originally published on OPEN Forum.
[credit provider=”2.bp.blogspot.com” url=”http://2.bp.blogspot.com/_cHYeTpsQJ7g/R1BT1YDW5oI/AAAAAAAABJ8/oPv2escLEgM/s400/elephant%2Bpoop.jpg”] Clean up your own shite. Ok. I know that the tone of the title and post will seem a bit aggressive for a post from a venture capitalist on fund raising. It’s meant to be a bit provocative but the reality is that I give this advice […]
Last week, we asked “When Should Entrepreneurs Lie?“We have the answer, and it is: never.
[credit provider=”macinate via Flickr” url=”http://www.flickr.com/photos/macinate/2103215276/”] Keeping in touch with everyone you’ve ever exchanged business cards with can be a challenge.Fortunately, if you’ve lost touch with a contact who could be a real asset now, it’s not impossible to “re-ignite” that connection — especially with so many online networking tools at […]
Web traffic reports are things that any business with a website obsesses over. But are you making the most of all that information?
[credit provider=”Dano via Flickr” url=”http://www.flickr.com/photos/mukluk/241256203/”] From Women Entrepreneur:
The past five MBA Mondays posts have been about accounting concepts, financial statements, and related issues. I don’t know about all of you, but I’m a bit tired of that stuff. So I’m moving on to something a bit different.
Email remains the best way to communicate with users and prospects. Problem is, buying email lists is fraught with dangers, as spammy tactics tend to anger the very people you want to reach out to.
In my last post, I wrote about how education can boost workforce productivity and lead to greater corporate success. But there is actually an even more potent ingredient for boosting productivity: happiness.
[credit provider=”scion_cho via Flickr” url=”http://www.flickr.com/photos/scion02b/2613288664/”] Knowing how to follow up effectively is crucial for anyone in business.If you’re not 100% confident in your skills, marketing expert John Jantsch offers some excellent tips for improving your strategy in his latest blog post.
So, you really, really want an iPad — but you don’t want to shell out for it.
[credit provider=”woodleywonderworks via Flickr” url=”http://www.flickr.com/photos/wwworks/2475349116/”] Serial entrepreneur Steve Blank has an excellent post on his blog today about the value of business models vs. business plans.He points out the ultimate benefit of making a dynamic business model: being able test your assumptions before you waste time crafting a plan that […]
[credit provider=”Thomas R. Stegelmann via Flickr” url=”http://www.flickr.com/photos/thomasrstegelmann/1409418299/”] Forbes summarizes the latest data from CB Insights, a company that tracks trends in venture-backed firms.
Everyone’s in an uproar over Spirit Airlines’ plans to charge an unprecedented $45 fee for carry-on bags.But Fast Company co-founder Bill Taylor thinks that all the criticism is misdirected.
[credit provider=”The Associated Press”] From Entrepreneur:
[credit provider=”g-hat via Flickr” url=”http://www.flickr.com/photos/g-hat/2335286110/”] While getting insurance can be both a nuisance and unwanted expense, the alternatives – having no insurance, or getting the wrong coverage – can cripple your company. Some insurance is required by law and there are stiff penalties for non-compliance.
Most technology startups seem to be founded by three types of people: product managers, engineers or biz dev types (MBAs and the like). Very few of them are started, in my experience, by sales people and very few early stage companies really understand sales. That’s why I started the Sales […]
There’s a great post on the Harvard Business Review blog called “Should Entrepreneurs Lie?“Chris Dixon tweeted it, saying “is this a joke? of course they’d shouldn’t.”
Benimoto via Flickr
Jason Fried and David Heinemeier Hansson, the founders of online project management tools company 37Signals, are famous for advocating the view that online businesses should focus on becoming profitable and never, ever take venture capital.
[credit provider=”The Associated Press”] One great way to speed up a sale is sparking your customer’s curiosity — intriguing them in the right way so that they just have to know more about your product.But how to do that?
[credit provider=”justinlai via Flickr” url=”http://www.flickr.com/photos/jlai321/3123175118/”] A brand identity, name, and logo is a company’s public face. So you’d think companies would be really careful in figuring out how to revamp that image.
[credit provider=”yomanimus via Flickr” url=”http://www.flickr.com/photos/yomanimus/4182296461/”] Understanding how much your customer needs your product can help you better tailor your sales and marketing strategy on an individual level.In a post for OPEN Forum, Rohit Bhargava writes that this somewhat philosophical consideration is a good addition to more standard tactics, like analysing […]