Growth won’t happen without some sacrifices. One of those sacrifices that has to be made is surrendering your ability to do it all (that is, all aspects of your business) by yourself. Tim Ferriss summed it up well when he said, “Focus on being PRODUCTIVE, instead of simply BUSY.”
Productive founders know that in order to scale their businesses, they need to be able to get out of the daily details, and into big picture thinking. But in order to do that, they have to outsource.
From Virtual Assistants, to freelance support, to hiring an expert to handle specific tasks, outsourcing means less hours spent tearing out your hair over tedious tasks, and more time pushing your company forward into the future.
You can do that, too. To help get the ...
As entrepreneurs, we identify problems in the market, think up potential solutions and jump right into building a product. Sadly, we often skip the most important part of building a startup — customer validation.
Our instincts are to focus on tactical work that is within our control. Building a product is heads-down, tangible work that can be done day and night without any outside dependencies slowing us down. We open our laptops and start designing and coding. But, we get so caught up in our passion for building that we lose sight of the target customer’s perspective.
Many founders brush aside the importance of ea...
At Startups.co, we’ve made it a habit to study the trajectory of entrepreneurs on their paths to success, and from our qualitative observations, we’ve noticed that there are definitely some common habits that have helped them succeed along the way. From ice cream powerhouses to e-commerce pros, here are some traits from great founders that I’ve observed and tried to emulate throughout my 20-year career as an entrepreneur.
1. Treat Customer Opinion Like Currency
Ben Cohen and Jerry Greenfield, the founders of the eponymous Ben & Jerry’s ice cream, consider their customers to be a huge driver in their creative process and the success of their company. From the moment they opened their original location—a rundown garage in Vermont—they con...
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There seems to be a misconception floating around in the startup ecosystem that entrepreneurship is synonymous with misery and painful uphill battles. And while it is true that entrepreneurship is a uniquely challenging road, I take issue with the claim that it has to be a grueling and thankless one.
So, how do we keep ourselves happy and sane while we’re on the path to creating a better life for ourselves, and a better world for others? Simple: positive psychology.
Learned Optimism Keeps Us Going
Being an entrepreneur means that you are changing the status quo. Whether you’re building disruptive technologies, founding an innovative non-profit or providing a service, you have seen the need for something better, and you are bringing that vis...
Venture capital is one of the most popular forms of investment capital among startup companies. Unfortunately, very few entrepreneurs have an in-depth understanding of how the venture capital industry actually works or how it relates to their desire to raise capital.
A quick primer on the fundamentals of venture capital funding. Learn how venture capital funding works and how big the universe is for venture capital as a whole.
The following guide will help you understand the mechanics of the venture capital industry, the process for identifying the right venture capital firm to approach, and the actual pitch process used by entrepreneurs looking to raise venture capital.
What’s the difference between an associa...
I know this blog post is going to get some electronic tomatoes thrown in my direction….. Meh… *cue shoulder shrug*. That said, here comes the first leadership truth:
When we were a company of 10 people, no one ever called out sick. I even had a policy at the time where I paid for sick days that no one took advantage of. For real, never — It was just never an issue for almost two years. I then upboarded my first manager and that single move of one level separation between me as the owner and the employees created an environment where we had people calling out sick left and right. I think it was some sense of “Oh, well now it is a “company” and not just a person I am loyal to”. That sense o...
After you figure out your big idea and before the world is obsessed with your product, you have to find your customers. And in order to find your customers, you have to create customer profiles.
An ideal customer profile — or customer persona — is a way of defining and categorizing your customers so that you can:
That’s the simple explanation. Now, per usual, let’s do a deep dive into the more complicated one.
Ideal customer profiles are important because without one, your startup is going to waste a lot of time trying to attract customers who are, at baseline, just not attracted to your product. They’...
For those of us who attend conferences, workshops and industry events regularly, it becomes easy to spot the different ‘networker’ profiles.
There’s always the ‘straight out of college’ marketing intern who fires out business cards at light-speed and performs the same pitch to every person. The quiet developer who slinks in the background avoiding eye-contact. And the somewhat creepy terminator-esque sales whizz who scans the crowd for his next target, then pounces.
Conferences and B2B networking events offer a great means of extending your network, meeting new clients, hires, partners or investors. But when dealing with experienced Business-to-Business networkers, you need to be prepared to work the room in the right way, and show the bes...