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Don’t Start a Business, Buy One

Why would you start a business when you could buy one, or at least many of the core components you will need, at a lower cost than starting from scratch? You wouldn’t, but most entrepreneurs still do. If at all possible, you shouldn’t start a business from scratch…you should buy…

Anyway: Paradoxical Commandments of Startups

There are always more reasons not to start a business than to start one. Start a business anyway. ————————————– Your co-founders will not be perfect and will give you pause to believe in them. Believe in your co-founders anyway. ————————————— People will say your idea will never work. Make your…

Shut Down, Sell Off, or Spin Out?

The wonderful thing about startups is that they are constantly innovating. The team is hard wired to see new and better ways of doing just about everything. And that’s also the bad thing about startups. This propensity to build vs. buy – to invent, create, develop and engineer – often…

Judging the 6-Minute Startup Pitch

Last week I attended Graduation Day (aka “Demo Day”) for a local startup accelerator. Thirty aspiring entrepreneurs had started the 16-week program. Only eight made it to graduation. Each had six minutes to present their venture to the audience and, hopefully, score a follow up meeting with an investor. Six…

The Lure of False Prophets (leaders)

The world is full of charlatans and some are disguised as false prophets. Their domain is not confined to religion. They can be found in politics, health care, business, and almost every other sector of life. They have a strong magnetic pull…an almost irresistible lure of truth and hope. They…

The Problem of Founder / Owner Replication

What happens if the founder gets hit by a bus? This is a question prospective investors and board members sometimes ask themselves behind closed doors. The problem of founder/owner replication is often the gating issue to making an investment, or performing one’s fiduciary responsibilities to shareholders if serving as a…

Is Your Internet Marketing Campaign Missing a Spark Plug?

by BRAD SHORR Director of Content Strategy StraightNorth Think of an online lead generation campaign like a car. There are multiple parts that work together to operate the vehicle. However, when one part is missing or malfunctioning, the engine can come to a screeching halt, or never get started at all. The…

Are You Ready to Take the Red Pill? (Self-Employment)

“You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes.” – Morpheus (to Neo), The Matrix Fans of the movie The…

Navigating Conflicting Advice from Startup Mentors and Business Advisors

I recently had coffee with an aspiring entrepreneur with a novel product who wanted some advice on his launch strategy. He wasn’t the type of guy who simply wanted me to tell him what he wanted to hear, which is usually the case with many first-time entrepreneurs. He was in…

Should You Start and Build a Company with the Exit in Mind?

Most newbie entrepreneurs would probably answer, “Yes, of course, it’s always best to start and build a company with the exit in mind. Every entrepreneur knows that!” Not so fast. The correct answer is, “it depends” or “probably not.” What say you? There are two schools of thought on this…

Increase the Value of Your Professional Network by 10X

Your professional network is one of your most valuable assets. Those in your network provide you with ideas, knowledge, skills, feedback, referrals and new business. Your network puts YOU on steroids — allows you to perform faster and better. Your professional reputation, effectiveness and ultimate worth, are directly proportionate to…

How to Tell an Entrepreneur from a Wannapreneur

There are a lot of people running around these days calling themselves entrepreneurs. They introduce themselves as such at networking events. They include the title in their social media profiles. Some even put it on their business card and email signature line. Many of these people are not actual entrepreneurs,…

Name-Dropping No No’s

We all have occasions to drop the names of people we know when conversing with others. We might say something like, “Do you know Sally Smith? She really knows this space. You should check out her blog.” We might also drop the names of well-known and respected people, to enhance…

The Nuts and Bolts of Writing Successfully On Linkedin (P2)

This is a follow up to my last post, “What I’ve Learned About Writing Successfully On Linkedin.” In that post, I define what it means to write successfully on Linkedin by using a system of objective and subjective metrics. I describe the metrics I use to gauge the success of…

Ode to the Entrepreneurs I Know

As we wind down 2015, I want to give a shout out to all of the aspiring entrepreneurs I have had the privilege of working with this past year. Those that are affiliated with Startup Quest, The Founder Institute, Gold Coast Venture Capital Association, Hispanic Unity Entrepreneur Summit, HealthBox, Unpitch,…

Affiliations

  • Startup Quest
  • Founder Institute Fort Lauderdale-Boca
  • Center for Innovation UND
  • VR Business Brokers
  • Health Box