Make sure you are getting value for your Advisory Board equity. Advisors can add value in multiple ways. Business operations experience, sales referrals, personal brand a...
(more)
Pair programming perhaps? Certainly doing agile development with scrums and perhaps including the opportunity for people to bring issues to the table and have others solve ...
(more)
Talk to your local economic development / community Futures office to find individuals who do this sort of thing well. You might also check with local entrepreneurs or ange...
(more)
Well it is very different now that it was back then. It is important they fit our core values and stand for something in their lives. I am not big on people who stand for n...
(more)
Unfortunately, there's no magic number that says you are at "critical mass" or a secret formula to figure it out. Every business has it's own point when it has enough mome...
(more)
The way I look at it, if you only have a 5% chance of succeeding in general, I would divide that by two if you don't have a cofounder. So 2% chance of succeeding. Co-found...
(more)
You need to be careful of the IP rules that are part of your employment agreement ... some companies try to claim ownership of everything you do (even on your own time) whi...
(more)
If you're still early, just build a simple dashboard with 3 top metrics (conversions to signup, activation, conversion to paid).
That being said, we track EVERYTHING, so t...
(more)
It's a good sign that a startup is failing, or will fail, when the founder of the company hands product vision over to someone else. Can someone else run the day-to-day of ...
(more)
If you've hired talented new people then asking existing team members to spend some time training them should help them increase their confidence in and loyalty to the comp...
(more)
Depends on the app and what the key drivers of your business are. Knowledge=Power. Try to measure the key influencing factors/variables in the business ... for a consumer a...
(more)
Your business plan isn't just a document for outsiders, it should be your idea source, experimentation canvas, and framework for analyzing questions like these. Start break...
(more)
A bit, but not too much. Check in every once in a while. Don't obsess.
Spend your time obsessing on your customers, their pain, and how your service will delight them...
(more)
Depends on where you are, but there are many cities that have events geared towards finding co-founders. Here in Montreal, we have "co-founder" Mondays put on by a local ac...
(more)
Most first-time entrepreneurs seem to wildly overvalue the value of the idea. The idea is merely a multiplier on execution.
http://sivers.org/multiply
So, given that, re...
(more)
It sounds to me like you need a co-founder who is more familiar with this space. Why? This is a heavily funded space with big players. If you are figuring it out on your ow...
(more)
Great question. Most huge innovations come from people outside their industry because they don't know what they're not supposed to do. A lot of people think I came from t...
(more)
That's a tough question. Generally speaking, you need someone that is going to enhance the quality of your business in every aspect possible, not detract from it. However, ...
(more)
