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The timing of when a startup founder hands out equity is important. If you get it wrong, you'll wind up with underperforming and over-entitled employees.
* Featured In Inc. Magazine *
There are a few guidelines every startup founder should follow to increase their chances of landing early investor funding.
* Featured In Inc. Magazine *
Use your product roadmap to break down the path to your ultimate destination into manageable chunks. At each milestone, ask, "Did we do what we said we would do?"
* Featured In Built In *
At startup velocity, a product roadmap has to be flexible, has precious little room for error, and has to be brief and to the point. Here's an example.
* Featured In Built In *
The worst mistake a startup founder can make is to look at any chart that rockets up and to the right and assume that it will stay that way forever.
* Featured In Inc. Magazine *
Some of the most successful startups began by breaking something and reconfiguring it for another purpose.
* Featured In Built In *
How entrepreneurs can pretty easily get tricked into spending their hard-earned revenue under the guise of a phony investment in their startup.
* Featured In Inc. Magazine *
When startup growth depends on moving forward all the time, it's difficult to put strategy into action, which must be planned and executed from the goal backwards.
* Featured In Inc. Magazine *
Entrepreneurs make dumb mistakes mostly because of fear or greed. That makes those mistakes easy to make but hard to learn from. Here's how to get to the lesson.
* Featured In Inc. Magazine *
The weird thing about this downturn is that it's causing great havoc in some market segments, and it's not even noticeable in others.
* Featured In Inc. Magazine *
Achieving success with a startup is difficult, but maintaining that success across a wider swath of customers is a different story.
* Featured In Inc. Magazine *
Too many first time entrepreneurs fall into the trap of trying to launch their business based on what they hear about how startups are supposed to be run.
* Featured In Inc. Magazine *
When a startup is faced with the threat of a well-funded competitor, there are a few questions that need to be asked, and only a few answers that will work.
* Featured In Built In *
A lot of startups don't think about pricing much before they launch a new product. They do a lot of guessing, and to be fair, a lot of pricing is indeed guesswork.
* Featured In Built In *
After growing several startups from zero to exit, experience has taught me that if you do the same things the same way for too long, the returns will inevitably diminish.
The more professional you try to look in an effort to prove your authenticity bona fides, the more you're going to push customers away.
I've gotten way ahead of myself on the vision, and built this very robust version of my product that's probably six months ahead of its market.
A lot of the hurdles standing between us and what we want to accomplish aren't as big as they seem once you get over them.
The death spiral is a concept I learned from one of my mentors, and it can apply at any time, to any part of a business, or even the business as a whole.
Hiring is hard. When you're a startup with no track record, scant funds, and less than top-of-line resources and benefits, it's usually a nightmare.
* Featured In Inc. Magazine *