Although I have more than 25 years of experience working with business, entrepreneurial and technical personnel, I continue to experience unfamiliar acronyms. As a result, I decided to create a quick reference list summarizing acronyms utilized in the startup and entrepreneurial community.
How to Build a Winning Team
How to Create a Strategy, Vision and Mission
How to Create an Advisory Board
How to Get Funding
How to Improve Your Company
How to Improve Your Pitch
How to Start Your Company
Business Startup Spotlight
Entrepreneur Events Spotlight
Entrepreneurial Ecosystem Spotlight
Startup Accelerator Spotlight
Startup Investor Spotlight
University Entrepreneurial Program Spotlight
Women Entrepreneurs Spotlight
Most Businesses fail… sooner or later. They fail in all sorts of ways: collapsing from the inside, succumbing to outside pressures, etc. In fact, there are far more ways to fail than succeed.
While there is no formalized list of “Thou Shall Not” items for start-ups seeking funding similar to the Ten Commandments, if there were, Thou Shall Not encumber your balance sheet with debt, would certainly make the list.
We often think of business as a special function. In reality, it operates in much the same way normal things around us do. In fact, the concepts behind Newton’s Three Laws of Motion are as applicable to business as they are to physics.
Every scalable startup will require external funding. A great team with an amazing idea where there is a clear demand is still DOA without the finances to make it happen.
Entrepreneurs live a hard life. You are constantly getting beaten up. In the face of such challenges, it is easy to get discouraged. When you get dispirited, it is nice to have a place to turn for motivation. I have adopted “ten phrases to live by” (in business and life in general).
10 Phrases To Live By:
- SAS Motto (British Commandos): “Who Dares, Wins”
- Don’t be afraid to act, even when you face insurmountable odds. Most often movement in any direction is progress.
4 Reasons Why Startup Investors View Debt As A Mortal Sin! To avoid the purgatory of being non fundable, entrepreneurs should consider the investor’s view and structure their balance sheet in an “investor friendly” manner before submitting an executive summary and financials to startup investors for consideration.
The key is that they are engaging and actively seek to understand all potential alternative points of view in the decision-making process.