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There is an old proverb that was adopted by Ronald Reagan during the later part of the Cold War and which became a signature phrase of Reagan’s in the mid-1980s. When talking about the Cold War adversaries, Reagan always liked to say we should “Trust, but Verify.”
With Meredith I did every on-reference-sheet call I could make and many off-reference-list calls. I followed my playbook on reference calls making sure to ask both positively worded as well as skeptical questions.
Back to Mr. Christensen, “We subsidize their education in fields for which there are no jobs” he said in referring to the fact that many courses at universities are still taught with skills that aren’t relevant to the 21st century needs of the US workforce. The numerator (return) encourages more sales, which is fine.
Jamie and I adopted CliftonStrengths and refer to it often in our communication, both at home and at work. Having an external tool to refer to has also helped us reduce misunderstandings and focus on one another’s strengths and recognize when we need to step in and support one another in business and in life.
If I were looking at which VCs to choose I would reference strongly for which ones are supportive in good times and bad. The best way – of course – is to reference check. Here’s how you reference check a VC (link to post with longer version). Startups are hard. And so is venture capital.
Team Building Anatomy of a Reference Check : Then get out of their way. Cultivate growth mindset : View challenges as learning opportunities rather than fixed obstacles. Great leaders balance execution (laying bricks), tactics (building walls), and vision (creating cathedrals) 6.
In honor of World Intellectual Property Day, we put together a quick-reference guide on the role IP rights play in innovation and entrepreneurship. The post Do You Have the Right Answers to these Intellectual Property Questions? appeared first on VentureWell.
When I would meet potential clients, I knew I was having an impact because they would mention lessons they’d learned from my sessions and reference how they helped them. I continually reference these tools, techniques and logistics of a project starting from the beginning to the end.
To help guide our investors through that process we have developed a Questionnaire for Checking Customer References. An area of diligence we talk a lot about is assessing the market and verifying customer demand.
Contributed by Michael Roderick, a recent EO 360° podcast guest and the founder and CEO of Small Pond Enterprises , which helps coaches and consultants make their brands referable, their messaging memorable, and their ideas unforgettable. I like to refer (ha ha) to these people as “referability partners”.
For example, my company, Entire Productions, has been referred to businesses by EO members, and when appropriate, we also refer business to EO member companies. EO is a non-solicit peer group, but when asked organically, we do a lot of business with each other. When COVID hit, I also hit a professional low point.
However, I find myself referring to and using them when I conduct staff interviews as they encapsulate the qualities we look for in team members. I refer to values whenever I have a question in need of an answer, whether personal or business. At the time, I considered them “not profound” due to their simplicity.
They like a solid product, well defined pricing, good references to sell against, a clear quota and well defined competitors. Customer also buy social proof because others are acting as strong references. Please call our references. This is why I tell startups that most seasoned sales execs aren’t right for startups.
You can’t reference check your way into a “yes.” Reference checking is to confirm or disprove a strong, positive intuition you already have about founders that could lead to an investment or a pass. I don’t need to name companies for you to come up with your own examples.
It refers to the tendency to disregard other more appropriate alternatives when we have a particular perception of proper practices. This term refers to a flexible organizational culture that takes into account the nature of an employee’s work and promotes task-based policies, allowing remote work whenever possible.
The concept of building networks of support, or what has sometimes been referred to as, forging “entrepreneurial ecosystems”, has been a key focus for many advancing the idea that innovation and entrepreneurship will be the future of not just our recovery- but the necessary inclusive pathway for economic advancement and wealth building for all.
If you decide to participate, you will be asked who referred you. A supporter signs up to support one or more individuals who have recently been laid off and have been nominated by their former employer. The support is standardized at $1k per month for three months. I joined here. You can too.
Make references to founders you've backed available upon request. Make it clear where your money comes from and what control you have over it. Are you a fund? Is it personal money? How did you come into it? Does anyone else need to approve this deal? For Founders: Be transparent around where you are in the fundraising process.
The fact that Kara doesn’t have what my wife likes to refer jokingly as my “Y chromosome problem” is beside the fact. Our industry needs more female leaders and they shouldn’t have to all quit their respective firms and raise their own funds to get a shot at running things.
In honor of World Intellectual Property Day, we put together a quick-reference guide on the role IP rights play in innovation and entrepreneurship. The post Do You Have the Right Answers to these Intellectual Property Questions? appeared first on VentureWell.
The worst thing I’ve seen is founders who come in expecting hockey stick growth without any reference set for how real estate acts. “One thing we look for is an understanding of what it takes to sell into real estate,” states Berman. That’s a fool’s errand.”
Get references. You should consider references on behavior, performance, or work ethics. Just as you would compile references and work samples for future employees, you can consider doing your research into customer reviews, past partnerships, and business policies. Do these individuals have good reputations?
Organizations eligible for funding include SBDCs, SCORE and Women Business Centers as well as states, tribes, units of local governments and other nonprofit organizations.
In guiding organizations through the process of deploying Community Navigators (we often refer to them as Network Navigators), it’s been our experience this model can be successful in communities of all sizes—whether that’s impacting small towns like Klamath Falls or scaling to statewide initiatives in Kansas , Missouri , Wisconsin and Iowa.
When inquiring about their experience, you should request references from previous employers. Additionally, talking to the candidates’ references will give you an idea if the person is an independent and reliable worker—both critical traits for somebody working from home. . Tech-Savvy.
We live in interesting times where working at a startup is glamorized to the point that many founders even refer to their team members as “rock stars,” which to my ears is cringe worthy. Passion is also the featured heavily in nearly every presentation I give to entrepreneurs or on college campuses or in talks with MBA students.
We refer to people as "great entrepreneurs" in the startup community all the time--but are they? I was talking to someone recently about striving and desiring to be great at what you do. That brought up the question of what makes someone truly great at something.
Great networking skills, which are critical when you want to be about to reference entrepreneurs & concepts and bounce your ideas off of other people in the industry. Ability to source information easily to help build a thesis around companies / industries / competition.
Unconscious, or implicit, bias refers to the underlying attitudes or beliefs about other individuals or groups, based on identity traits, outside our own conscious awareness. Businesses have a healthier workforce, higher productivity and greater profitability when focusing on equity, diversity and inclusion.
According to Business 2 Community , “Competitor-based positioning focuses on using the competition as a reference point for differentiation. Competition. Brands highlight a key difference their product/service offers in their marketing to make it seem favorable and unique compared to other options in the marketplace.
Instead of references, I like to give a list of every entrepreneur I’ve ever worked with and an email address. Make it easy on the entrepreneur to meet the full partnership. Don’t make the entrepreneur do all the work. 3) Encourage the entrepreneur to get feedback on you and your firm.
I was forced to explain why I say “I switched to the Dark Side” (referring to VC) on my blog. These will be read out loud in a court of law and will be used out of context if needed. Humor is tone deaf in court. I was continually asked whether I was evil in a serious tone.
We are often referred to as the Sandwich Generation—caught in the middle between aging parents and children. This article is the second in a series of three about having “The Talk” with your business partners , parents and adult children. As we get older and hopefully wiser, more responsibilities fall upon us.
I’d often refer to this as figuring out what the “eleven out of ten” was for any given situation. It wasn’t until recently that I realized the reference was lost on most of my younger clients. In fact, why wasn’t he just putting a term sheet on the table now? Make it easy for them to say yes.
It has become so synonymous with Internet companies that the French have invented a disdainful term including Amazon: “les GAFA,” which they refer to as Google-Apple-Facebook-Amazon to talk about American dominance of the Internet. It is a household name.
Culture refers to the social and emotional glue that bonds employees together into a community of belonging, motivates employees and protects against burnout. Why corporate culture suffered during the pandemic. It includes the norms and practices that determine how people collaborate.
This led median valuations to triple in 3 years and led to this stupid phenomenon that people refer to as “unicorns ,” which I am convinced will the the thing most historians laugh most about in this era. The fact that I still see it referred to in pitch decks is farcical. Late-Stage VCs Pay Up.
Carbon neutrality , often referred to as “CO2-neutrality” or “net-zero carbon,” is the balance between emitting carbon and absorbing carbon from the atmosphere. . Karsten Warrink is just one example of an EO member who is driving positive change through his business.
That refers to our tendency to look for and interpret information in ways that conform to our prior beliefs, intuitions, feelings, desires and preferences, as opposed to the facts. Besides illusory truth, what are some other cognitive biases you need to beware of to protect your organization from misinformation?
Local SEO refers to an optimization strategy focused on getting your business to appear in the top three results on Google Maps when people search for solutions on the web. Local SEO How often have you searched stores or services near your location on Google Maps?
A Forum, which is also often referred to as a Mastermind, is a group of peers who meet regularly, with the goal of helping each member improve personally and professionally. Almost 10 years ago, I had my first experience with a professional Forum when I joined Entrepreneurs’ Organization.
In Indian ancient wisdom traditions, this is referred to as your dharma. The sweet spot emerges when you find something that you love, that the world needs, that you’re good at and that you can be paid for doing. Deepak Chopra once said, “When you live in the harmonious flow of dharma, the entire field of pure potentiality opens to you.
This is why provocation-based selling requires the vendor to utilize what Moore refers to as “soft power”, specifically “relationship capital.” However, these executives usually have multiple lines of defense to shield them from sales pitches.
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