The difference between an MVP, or a minimum viable product, and a prototype is that an MVP is a finite version of your product with a certain set of minimum features for your user to experience the purpose of your product and provide feedback. A prototype, though...
Young Entrepreneurs are more important than ever, and it is vital for current entrepreneurs to support this next generation of business leaders. This week the CEO of TPM Focus invested in three companies started by young entrepreneurs—all under the age of 12. ...
Startup founders: Are you walking blindfolded into the startup world? Once a business idea comes, many people take off with it. The excitement and potential success of it consume them and additional ideas start to flow. Maybe a friend, classmate, or family member...
It’s easier said than done, but you must prepare yourself for the entrepreneurial journey. Most entrepreneurs start out as solopreneurs–by themselves. But at some point, you realize that the isolation will only get you so far. There are a finite number of...
In today’s startup frenzy, although business planning is most important, we understand the pressures many entrepreneurs are under to move fast and show what they’ve accomplished to attract investors and talent. We know from first-hand experience many of the pitfalls...
Value Your ProductIf your product provides value to customers, this post is meant for you so that you’ll stop undervaluing your creation (and yourself). Below are the Top 3 reasons you should not give your product away for free, particularly if you are trying to...
Do you need to shut down your company? It happens. It’s a reality. Some businesses work and others don’t. Sometimes you burn out and can’t operate it anymore. Sometimes your interests have changed and you’d rather move on. It’s...
Seriously, no one. It might be a great business idea. It could be an idea that’s going to make someone a LOT of money. It may be an idea that seems simple enough to implement, that you think someone else can easily do it. But in reality, the idea could be great, but...
Everything is just so uncertain when you first start a business or even when you have an idea that you think you want to execute on. Yes, the thought of it gets you excited and nervous all at the same time. It’s completely normal and EVERYONE (regardless of how...
There seems to be some misunderstanding in today’s world and quite honestly, it’s not getting any better. We’re in the world of “finding free”, particularly when it’s a service-based business. Have you ever scheduled one of those “Free 15-minute consultations”?Even in...
We prefer not to use the term “fail” as we don’t believe there is failure in startups, only testing. You only fail when you give up.When you have the courage to step out on faith and start a business of your own instead of just talking about it, you’re certainly not a...
