When, and What, Should You Outsource?
Since my background includes software development, I often get the question about when to build a solution in-house, versus outsourcing it to a local company, near-shore software development service, or…
Create a Business Model that Works
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…
Angel Investors May Not Be For You If…
We are talking about angel investors here, meaning people who invest their own money in early-stage startups for a share of the equity. These people are highly focused on investment…
A Good Mentor is NOT Your Friend (That’s OK)
Friends tell you what you want to hear. Mentors tell you what you need to hear. When the message is the same from both, you don’t need the mentor anymore…
Don’t Waste Time Chasing Yesterday’s Opportunities
People are always asking me for an inside tip on Internet sites that will be “the next big thing.” Those are hard since someone has to invent something innovative, but…
The Seven Ingredients of ‘Creativity Primordial Soup’
Within the startup realm, there is a big difference between having an innovative product versus an innovative business. Some startups have a new technology but stick to a tried-and-true business…
Ten Ways to Get the Whole Team Amped
Success in a startup is not possible as a “one-man show.” An entrepreneur has to engage with team members, partners, investors, vendors, and customers. In my experience, the joy of…
Get the Right Domain Name for your Startup
I’m sure you have all been frustrated at least once at not being able to get the Internet domain name you want for your company. Who owns all of these…
How to Bounce Back After Your Startup Fails
If your first startup fails, you are in good company. Most startups fail; therefore, most entrepreneurs fail on at least one attempt. Investors agree that an entrepreneur who has never…
The Business Plan is Your Recipe for Success
I realized a while back that creating a new company for the first time is a lot like whipping up a great dinner entree for the first time – you…