Entrepreneurs are lone wolves by nature. Even those who successfully lead great teams tend to work the longest hours and make the greatest sacrifices for their companies. That resolute independence is essential to bring projects to fulfillment, but when it comes to healthy living and personal growth, it is less beneficial.
Gallup’s research found that 45 percent of entrepreneurs report feeling stressed, a slightly higher rate than that of the average worker. Feelings of loneliness and isolation can worsen the stress brought on by already substantial workloads.
Despite the risks, entrepreneurs do what it takes to succeed. General Electric CEO Jeffrey Immelt famously worked 100-hour weeks for more than 20 years. Starbucks CEO Howard Schultz l...
You’re proud of your startup. From conception to birth, you’ve doted on it. Now, it’s growing and providing tons of data for you to examine. Like a beaming parent, you explore the information eagerly, pleased at your company’s progress. But beware the blind spot all moms and dads face: Your apparent success might not be all that successful.
Entrepreneurs look at facts and figures far differently from investors and board members; consequently, they often overlook or misunderstand the growth metrics at their fingertips. As with anything in life, they must see the company’s data with open and accepting eyes.
Some growth metrics will highlight success; others will cast shadows of doubt. A founder’s job is as much a leader as an interpreter for ...
Collaboration has become a buzzword. And for a good reason.
Geoff Colvin argues that “in a world of exponentially increasing complexity, no one person or firm can do it all, so those that can work well with others have a distinct advantage.”
Collaboration is definitely non negotiable and here to stay.
Here comes the question:
Among others, there have been two main reasons for that:
1. Digital disruption, the change that occurs when new digital technologies and business models affect the value proposition of existing goods and services.” Yes, change sounds scary to many. Technology is transforming industries and more than ever existing structures within enterprises need to embrace change. Te...
Twelve months ago, I became Product Manager in an AdTech. Our main value is to create beautiful and smart adformats on desktop and mobile for advertisers. Products have to be well built for our clients (the advertisers), our publishers and our end users (people that are surfing websites). Our products are a variety of things, including formats and interfaces.
This job is thrilling because it implies a lot of interactions within the company and we have to address a lot of different people with our formats.
When I started, I realized that even if you can explain your idea in person, providing a “working” prototype is better than ever, as you won’t have to explain the whole product/feature and people will be ab...
Today we’re announcing the launch of Bizplan– a modern business planning software platform that we think you’re going to love.
We’ve learned a lot in the last few years about how startup Founders do their early planning, or in lots of cases, avoid it altogether. Everyone seemed to want a plan, but the tools that helped them digest the process were just painful.
So we came up with a better way to help startups think through business planning efficiently, and by way of that, put together a platform they can rally behind.
Most founders associate business planning with some long-form academic exercise that feels like a college term paper assignment. We wanted nothing to do with that.
...The customer experience. The task of any business is to shape the experience – to decide what it should looks like, figure out how it can be improved, and to listen to your customers. And, as Lara Crystal speaking about her company Minibar Delivery reveals, who you partner with, tech, company culture and more can play both direct and indirect roles in determining the quality of the customer experience that you provide.
…even when the outcome is something as universally appreciated as having wine brought to your doorstep, there’s so much that could go wrong. Or, if you wise up as to how things are done at Minibar Delivery, so much that can go right…
This morning’s Startups Live chat began with Lara Crystal introducing hers...
A prospective client asked me to sign a Non-Disclosure Agreement (NDA) the other day before we began working together. After agreeing to sign his document, I was promptly shown a boilerplate template of an NDA that the guy had downloaded from the internet.
I had to laugh inside because I always tell my clients to secure an NDA whenever they are showing company information, a business plan and especially financials to anyone, yet I think NDAs are documents produced for honest people to be reminded to be honest.
I’m wondering if anyone else feels NDAs provide a sense of security?
According to Wikipedia, an “NDA creates a confidential relationship between the parties to protect any type of confidential and proprietary information or trade sec...
They’re that special group of people who consistently produce innovative ways of thinking.
They write blog posts and give presentations that define the way industries approach problems and get results. They’re known as leaders in their fields, and people turn to them when they need answers to new and challenging questions.
So what makes them so unique? What causes them to think differently and come up with new ways of thinking? And how do they stay at the forefront of their industry and influence their peers so strongly?
Let’s find out.
Like a cat poking its head to see what’s behind every corner, a thought leader is just as curious. They are always asking why, why, why? Trying to find out more information tha...
I’m going to come right out with it. We used the “L” word that we said we would never use. The word that rhymes with “haunch”. La*!%h. Shit, I said it again.
2 months ago we went dark. No more updates to our app, TransparentMBA. We wanted to refactor the app with a brand new design, a few new features, and a brand spankin’ new name — TransparentCareer. We had a la*!%h date set on our calendars and a la*!%h party organized.
As a company we tend to follow the “do what feels right and works for us” mentality. So from a product and development standpoint, over those two months, we went against our normal cadence of “sprints” and instead chose to take our time with this re-la*!%h. Jason Fried said it best when explaining how Basecamp sets up th...
There's a ton of risk in taking startup advice from "advisors".
It's not that the advisors themselves are bad people — they tend to be very well-intentioned folks. It's that most advice tends to be dispensed out of context, with very little digging on behalf of the advisor, and delivered in a way to assume what they have suggested is the gospel.
It's time to stop simply taking startup advice, and instead start calibrating whether the advice we're getting is even relevant to begin with. Because more often than not, the advice we're getting from our trusted advisors is just flat out wrong.
And what’s worse? We don’t even think to question it.
The likelihood of finding advice that is absolutely aligned with our situatio...