I read a popular article recently arguing why anti-lean startups are back because lean isn’t a viable way for ambitious startups tackling new domains, like artificial intelligence, to take moonshots. Hmmmm… As a practitioner of lean startups achieving high growth in Fintech, I’m intrigued with counter-arguments to the methodology. The article states getting paying customers […]
Building a startup is hard work for low pay, it’s risky, and it requires total responsibility to make it work. Yet, many entrepreneurs are the happiest people I know. On the other hand, I know many unhappy individuals who are always partying, have minimal commitments, and little responsibility. I suspect the real parameters of happiness […]
Set benchmarks for success by completing projects, being accountable, and repeating successful behavior. My success is built on leveraging free tools and teaching people how to use them to their own advantage. I did this for myself. I did not pay attention to what anyone else was doing. It was my own work. My commitment […]
Many startups are smart enough to keep morphing their idea, until it finally fits a real-world problem, and they can move forward in the marketplace. Unfortunately, they could have saved themselves much lost time, money, and heartache if they had just focused on identifying the problem before they built a solution.
We all have had setbacks in business – the challenge is to learn from each one to improve skills and decision making, rather than let failures get you down and reduce your chances of ever achieving success. The best entrepreneurs and business owners have experienced failure multiple times before bouncing back to a level of […]
I’ve narrowed digital policy development down to five things you absolutely must do to protect your business, your employees, and your customers.
everyone wants both profitability and user growth, but the question is which comes first. Most startups and investors I know don’t have unlimited funds, so the first question they should ask and do ask today, is “When is your company going to be profitable (self-sustaining)?”
I want to change the conversation around fear of failure and adversity. You might not want to hear it, but I genuinely believe that your adversity and your “losses” are your biggest strengths in today’s environment.
If you are a business owner today, and not using social media to promote your business, you are missing out on a huge opportunity. But, contrary to what most people preach, it isn’t entirely free. Most social media outlets don’t require a subscription charge, but they certainly always require an investment, sometimes large, in people, […]
Compressing years of startup investing experience into a listicle is probably just what the internet was invented for, but that doesn’t make it a good idea. Instead, here are a few quick guidelines — the bare necessities to prevent immediate disqualification in your rookie year.