Entrepreneurship Tips
Where can I view data on startup valuations and funding rounds?
Posted by Robert Norton on
Raising funding is a complex process that few understands as they are often doing it for the first time. I would say about 90% of people I see present to angels just “don’t get it”. They do not understand what outside investors need to see to invest. The course above gives the foundational fundamentals that ALL investors want to see. Developing a company that has a higher valuation can be the difference between owning < 15% (average exit ownership of founders) and 50%+ like Mike Dell, Bill Gates and Elon Musk. Bootstrapping, friends and family investment, then angels is the...
- 0 comments
- Tags: Financing
Why Are OKRs in Vogue?
Posted by Robert Norton on
I would not say they are “In vogue” at all. They have always been a fundamental building block of good management. Recently the term OKRs has become more common because it has been used and promoted by some VCs, Google, Intel and other successful companies. However, OKR is almost identical to Management By Objective (MBO) that was created in the 1960s by Peter Drucker, The Father of Management. This is a classic management principle that any professional manager should understand, which most business schools fail to teach well. It is the “Blocking and tackling” of management that cannot be ignored. Sometimes...
- 0 comments
- Tags: Business Tips, Operations
Why do Most Start Ups Fail?
Posted by Robert Norton on
I wrote an eBook to answer this exact question, title The Top 20 Reasons Startups Fail and How to Avoid Them. It is based on some research. You can download it free here: top20 I have also created a 3-part video course here reviewing this question from the perspective of what learning and tools are required to avoid these twenty mistakes called The Entrepreneur's Journey here. How to Raise Millions for Any Company - Online Video Course Bob Norton is a long-time Serial Entrepreneur and CEO with four exits that returned over $1 billion to investors. He has trained, coached and advised...
- 0 comments
- Tags: Business Tips, Raw Startup
What Are OKRs, MBOs and KPIs?
Posted by Robert Norton on
How Professional Managers Set Goals and Get 56% More Productivity from Their Teams The Father of Management, Peter Drucker first invented a formal goal setting process called Management By Objective (MBO back in the 1960s. Human beings have not change much at all since then. Most people require supervision and managers. MBO is both a process and very specific goal. An "MBO" is also a single company or personal objective. A goal is turned into an objective by making it very specific. Even binary "done" or "Not done". It is the secret great mangers do well and most managers fail to...
- 0 comments
- Tags: Operations
How Do I Introduce Myself as a New Manager?
Posted by Robert Norton on
First, you learn the difference between “there” (a place) and “their” possessive plural. If you lack written skills, it will be easy to lose the respect of others that have them. In fact, it could become a joke that prevents anyone from respecting you unless you work in the mafia. I say this because this question was sent to me in writing, and this is a pretty common error that says your English/ written skills are bad. Written skills are critical. You must be concise, unambiguous, clear and more. I just recently had a contractor set a Google AdWords budget at...
- 0 comments
- Tags: Leadership, Management