Attracting investors to get your business funded is all about being unique, even if the product you’re presenting isn’t a new invention or innovation. Earlier this year, I highlighted 7 Factors for Startup Success based on the philosophies of Shark Tank star Mark Cuban. He believes that you need to find a way to make at least one aspect of your product or service uniquely your own. You can do so by thinking about the special characteristics your product will have, to whom you [...]
Entrepreneurs are going to extremes to make themselves memorable to investors. Earlier this spring, at the beginning of the pandemic in the US, I published articles on creating and delivering a digital investor pitch (“Now’s the Time to Get Your Business Funded: Coronavirus Edition”) and on featuring the sustainability of your business in any market (“Pandemic-Proof Your Funding Pitch Deck”). Some of my contacts have shared how great the advice in those articles was, but were struggling to get the [...]
Herodotus, the ancient Greek intellectual who became known as “The Father of History” coined the phrase “Culture is King”. Companies rise and fall based on their culture, and challenging situations like we’ve faced here in 2020 test company culture to determine if it’s real or just a façade. In a recent article, I gave advice on how to “Pandemic-Proof Your Funding Pitch Deck”, but as an entrepreneur, are you really able to pandemic-proof your company culture? The answer is a [...]
3:40…three minutes and forty seconds…220 ticks of the clock. That’s how long potential investors take before deciding whether to even entertain a deeper discussion about funding a startup or next-stage growth business. Most entrepreneurs don’t get the funding they desire, with angel investor rejection rates around 90%. There are plenty of examples of failed startups and next-stage growth companies out there, many of which were even dialed in correctly on a few of the items Dave McClure pointed out. But [...]
The Key to a Company’s Success: Most Companies Get This Wrong…Does Yours? “Organization doesn’t really accomplish anything. Plans don’t accomplish anything either. Theories of management don’t matter much. Endeavors succeed or fail because of the people involved.” -- General Colin Powell -- Former Secretary of State & Chairman of the Joint Chiefs of Staff General Powell said it so well. You can have the best product on the market, dedicated customers, well-oiled processes in place and grand plans for future [...]
Many factors contribute to being successful in business. Having a sound strategy, having a marketable product or service, and having efficient processes are all important. And in our first part in this series on the 5 Pillars to Business Success, we demonstrated how Its People Who Drive Business Success, because it falls to the people within the organization to actually execute on the strategies, plans, and processes to make a business successful. ...