WHAT? YOU DON’T LOVE MY IDEA? To Survive a Startup, First, Kill Your Ego If you’re the type of person, like I was in my 20s, who was seeking encouragement from others to continually reinforce your ideas, beliefs and path, get ready to get shook up when you start a company. Encouragement comes and goes, …
What truly sets an Entrepreneur apart? Her ability to imagine what could be, and more importantly, her unwavering drive to bring forth a new reality to ameliorate the world. This quote by George Bernard Shaw inspired me to become an #entrepreneur when I was 19 years old. Sometimes all it takes in life is one phrase, one …
Knowing what to work on when, is at the crux of successful startups. Well, no one ever told me that starting a business can be broken down into 3 key areas. It seemed like it was all happening at once, in a giant hairball of a process, and it was virtually impossible to figure out …
Startup Tip of the Day One of the most confusing areas for first time founders is managing the capitalization table, often referred to as the “cap table”. The cap table outlines all equity owners, the percentage of ownership of stock, debt or convertible debt (debt that turns into equity at a given date …
Failure is not a final destination (unless you choose it to be) — failure is an endless journey that moves us continually, and uncomfortably forward, not backwards. Every entrepreneur with a failure under his/her belt has at least a half dozen excuses for why the dream just never materialized. Shoulda, coulda, woulda…dissolved. Failure is a …
Startup Tip of the Day: For most first time entrepreneurs, it’s fairly common that 98% of them spend months and months (sometimes years even) marinating on their “big” idea, but fail to get it going. How come? They write the 50 page business plan. They build the 5 year proforma statements …
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Here’s your Startup Tip of the Day 🚀 For the majority of new founders I speak with and/or advise, the thought of actually launching a new company is the big ‘thing’ – the culmination of countless hours of work that ends in the launch of a new product, service or experience. But after 4 startups, I …
Here’s your Startup Tip of the Day (that no one is going to tell you about but me): Founders, meet Rejection. • From the ever popular, yet unoriginally benign “I think I’m going to pass”, “Thanks, but no thanks”, “This just isn’t a fit for us right now”, and “I think we are …
Here’s your Startup Tip of the Day Happy Wednesday Founders! In traditional corporate finance, you typically learn the 3 most important financial statements: Profit & Loss (P&L) (or Income Statement) Balance Sheet Statement of Cash Flow A Profit and Loss (P&L or Income Statement) will indicate the overall income, cost of goods sold, gross profit, …
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