Module Eight topics associated with the new venture realization roadmap.
Introduction Human resources play a critical role in the success of any organization, and this is especially true for early-stage startups. As a founder, one of the most significant decisions you will make is who to bring on board as part of your team. The right team can propel your startup to success, while the wrong team … Continue reading Building Your Dream Team: HR Strategies for Early-Stage Startups
Introduction Minimum Viable New Market Entry (MVNME) is a process for entering new markets using existing products, services, or variations that leverage current technologies, operations, and infrastructure. The goal is to learn about new target markets while minimizing resource use and risk. MVNME adapts the lean startup philosophy of testing with minimum viable products (MVPs) … Continue reading Minimum Viable New Market Entry (MVNME): A Step-by-Step Framework for Expanding Your Business
Introduction While some believe entrepreneurial attributes are innate, evidence shows that purposefully developing a strategic balance of capabilities leads to startup success. Entrepreneurs must optimize a portfolio spanning personality strengths, professional competencies, business acumen, and domain expertise. Mastering when to apply complementary skills builds resilience to navigate uncertainty. This article will highlight the essential attributes, … Continue reading Balancing Your Portfolio of Entrepreneurial Characteristics, Skills, and Expertise for Startup Success
Introduction Launching a new venture is always a significant step for entrepreneurs, but many are now at this point after pursuing startup dreams during the pandemic. With remote work options, low code platforms, and new financing vehicles like crowdsourcing, the barriers to building a business are lower than ever. However, the path from idea to … Continue reading Is Your Startup Ready for Launch? A Comprehensive Guide for Entrepreneurs
Innovation is essential for any business that wants to stay competitive and relevant in today's rapidly changing market. However, innovation is challenging, especially for large corporations facing bureaucracy, risk aversion, silos, and inertia. That's why many corporates are looking for ways to collaborate with startups, which are often more agile, creative, and disruptive. A startup … Continue reading Innovation at the Intersection: Startup-Corporate Partnerships
Startup founders often seek advice for a variety of reasons. By tapping into the expertise of various individuals, they gain valuable insight and advice on navigating the challenges and uncertainty of starting and growing a business. In addition, founders gain support and encouragement as they work to bring their ideas to life and overcome obstacles. … Continue reading Maximizing the Value of Startup Mentors & Advisors
Entrepreneurs can quickly become overwhelmed by the many actions required to establish their new venture as a legal entity that meets all local and federal regulations. In many countries, the regulatory hurdles can be a barrier to entry in their own right. While there are several actions to take when starting a new company, I … Continue reading Selecting a Legal Structure for Your Startup
No idea or company attracts resources to help it grow unless the entrepreneur can communicate the opportunity clearly to potential stakeholders, whether they are investors, bank loan officers, corporate partners, acquirers, suppliers, or employees. Over the years, I have worked with thousands of startup founders and teams and have honed in on a suite of … Continue reading The Reading Deck: Early Business Plan Document
Introduction Intellectual property protections enable startups to capture value from innovative ideas and creative outputs. Of the leading intellectual property categories - trademarks, patents, trade secrets, and copyrights - startups most directly leverage trademarks and copyrights to control their branding, content, software, designs, and other proprietary works. Without strong trademarks and copyrights, startups have little … Continue reading Intellectual Property | Trademark Strategy for Startups
In an earlier post, I outlined some fundamental aspects of design thinking and how it supported the new venture realization process. For the following three parts, I want to look at the famous (and possibly infamous) IDEO Shopping Cart design video to answer one question - Are the lessons derived from this archival document still relevant? … Continue reading IDEO “Shopping Cart” Video: On Diversity, Deep Dive, & Culture
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