Alex Osterwalder, author of Business Model Generation, entrepreneur and man on a mission to make Business Models sexy and interesting. Alex gave a brilliant talk about why Business Models matter. This is a must watch video and if you haven’t already read it, the book, Business Model Generation, is a must read.
There are so many resources and tools out there that can assist you in managing and excuting your startup or new business idea more eficiently and effectively. Here is a list of 75 tools and applications covering the various disciplines you will need to undertake in order to successfully execute and launch your startup or new business.
The absolute minimum requirement is a single simple sales page or squeeze page. It should communicate your unique value proposition (UVP) or your offer to the visitor and have a call to action such as “Buy Now” or “sign up for more info”. You will be measuring these “sales” or “sign-ups” as a measure of the interest in (or viability of) your offer or business idea.
Whether a seasoned developer, designer, or startup entrepreneur, you need a website that reflects your ability and ambition. You may have a website driving 50K plus visitors/month, or a newly launched beta landing page, however in my experience it’s impossible to remember all the tiny details when launching a site. We’ve put together the ultimate website checklist that is the most comprehensive list of “must-haves” when building, launching, or managing a website.
All coaches are entrepreneurs says Mark-Amin, ICA student and successful marketing consultant and now coach!At the intersection of these work experiences, and after reflecting on his experiences and observations Mark created a guide for entrepreneurs called the 7 Cs of Entrepreneurship and road tested through his own coaching practice!
Branson built his extensive empire using five core principles:(1) If you don’t enjoy it, don’t do it (2)Be innovative (3) Your employees are your best asset (4) Lead by listening (5) Be visible.
Being an entrepreneur is like hiking in the mountain – the lower you are, the more attractive the top looks like; the higher you are, the more attractive the foot of the mountain looks like. Truth is that entrepreneurship is a mountain path full of obstacles, privation and burdens few people are ready to walk along till the end. Yet it’s easy to say "no" to distraction when there is a deeper "yes" burning within.As part of the Bulgarian Young Leaders group I had the pleasure and privilege to spend month and a half on an educational, cultural and networking exchange in the USA on a program, funded by America for Bulgaria Foundation and administered by the Institute of International Education.
Harvesting the opportunity to speak personally with highly successful entrepreneurs, investors and businessmen I was constantly looking for the patterns of their personal motivation to leave the safety harbor of a well paid employment status. I asked 21* of them how they define success in business and life. This is what they answered:
The survey found that the “leaders of small businesses launched during the Great Recession are dramatically different than those who launched their company prior to 2008.” The report calls these new business owners “accidental entrepreneurs” and defines the term as a “company founder who started his or her small businesses out of pure necessity rather than a lifelong dream of ‘being their own boss.
In today’s fast-paced world of internet business, it seems like every Internet entrepreneur is making a profit from web-based products or services. But amongst the vast number of start-up companies, not every new business is an instant success
It takes something special to surpass the large number of misguided and under-developed ideas that are out there trying to succeed. To be a success today, many entrepreneurs are prioritizing quality and usefulness over monetization and first-year profits. This strategy can pay huge dividends in the end if you can establish your business with quality and reputation first, and worry about monetizing later in the game.
Stanford instructor and seasoned serial entrepreneur Steve Blank looks back at the commonalities and quirks of the quarter's previous speakers. Blank outlines a thorough checklist of questions and analysis helpful to any new enterprise leader, and offers insight and case studies from industry giants and new technology plays alike.
Martin Zwilling, a veteran startup mentor, executive, blogger, author, tech professional, and angel investor asks - Will the Real Crowd Funding Model Please Stand Up? It's a new hot topic for entrepreneurs these days, which is anticipated to at least supplement, if not replace, the slow and mysterious process of current Angel and venture capital investors. The problem is that crowd funding means something different to everyone. Here is a description of 7 of those models.
Pitching is a very different beast: often centered on monologues in front of judgmental audiences with high stakes. So for many entrepreneurs, new or experienced, it can be an uncomfortable and unfamiliar situation, making it tough to be your best.What’s worse, you can have the best idea, the best solution to a huge problem, and if you’re not able to clearly, memorably, and convincingly communicate that, you’ll have a big challenge getting anywhere. Here are eleven big things to think about as you prepare your pitch.
Entrepreneurship can have many definitions. Here we will use the word to indicate a person who can define and exhibit a vision of their own, take specific and metered actions to pursue that vision to the acheive their goals, and bring that vision into reality. In plainer English, it means getting your butt off of that sofa and doing something that you dream of, rather than fulfilling your life’s destiny of becoming a couch potato. Read more at
An entrepreneur assumes the risk and is dedicated and committed to the success of whatever he or she undertakes. ~ Victor Kiam.
Globe and MailNext-gen entrepreneurs want rules eased on crowdfundingGlobe and MailCanadian Internet and technology entrepreneurs are gathering a volunteer army of lobbyists to force provinces to loosen restrictions on purchasing shares in closely...
In order to stand out, create a pitch that allows you to express your passion and make sure that you communicate the unique selling point of your offer. Remember the importance of making a great first impression, since you only have one chance to make one. Also, you may only be able to present your pitch and convince your most important investors, clients, or supporters once, so it’s vital that it is as close to perfect as you can make it the first time around. This is your chance to shine and persuade them that you and your product or service can benefit them in new and even unexpected ways.
The ends justify the means, according to Machiavelli in The Prince back in the early 16th Century. The concept is hardly to news to countless startup founders who find themselves facing intense pressuresto survive and grow their companies in extraordinarily challenging conditions. Hopefully, the struggles and compromises are worth it in the end.
We asked a panel of eight successful young entrepreneurs from the Young Entrepreneur Council (YEC) to reveal the hardest, most wrenching thing they’ve had to do to build their businesses. When battling the economy, the competition and the many voices that say it’s impossible, some startup founders see these sometimes questionable actions as necessary parts of a larger strategy
A 2 minute video on the Lean Startup concept in starting a new business. A new paradigm for the entrepreneur. Going beyond the entrepreneurial spirit and the passionate initiatives of every doer, entrepreneurship is actually a characteristic that can be learned and perfected.
Steven D. Strauss is a lawyer, writer and speaker specializing in small business and entrepreneurship. Here is what he thinks -
1. You will need more money than you think 2. You will need a robust e-presence from the get-go 3. You will need skills 4. You will need customers 5. You will need patience
There are a lot of reasons why business models fail. Understanding them can help us better manage risks. In this post I sketch out the four main types of failure. In the brief video below I broadly categorized business model failures : Solving an Irrelevant Customer Job Flawed Business Model External Threats Poor Excution
Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. These days, the technical side may be the easy part. Proving the business model requires a different approach than proving the technical concept.
Teamwork, risk taking, prototyping and resilience: these are the pillars of success, and the kids handled these dynamics better than the MBAs. Innovation through less planning and more doing outmatched traditional business-model schools of thought, and this mode has become a best practice strategy in Silicon Valley and innovation hubs around the world.
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