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What are some tips for starting a new company to prepare?
Posted by Robert Norton on
A tough question that can only be answered well by looking at the big picture. “Tips” implies simple little things, but none of these are tips really. They “must do” things if you want to have good chances of success.Prepare for years in advance, building your skills in management, domain expertise and marketing/sales.The CEO & Entrepreneur Boot Camp - CEO Bootcamp USGet a mentor who has experience as an entrepreneur growing a company successfullyRead at least 2 to 3 books per monthBootstrap taking your time to build out your plan doing market research, competitive intelligence and talking to prospects and...
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- Tags: Pre-Startup
What are the reasons why start-ups fail within first five years?
Posted by Robert Norton on
I wrote a free eBook answering this exact question in 2020: The Top Reasons Start Up Fail and How to Avoid Them. You can get that here. Starting a new company is a big risk that requires many skills. Being a Founder of a startup is likely one of the most complex jobs there is today. People greatly underestimate what it takes to be successful. It takes at least 10 and more likely 15+ years to accumulate the experience needed for a high chance of success. Here is a list of the skills we teach at The CEO & Entrepreneur Boot Camp:...
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- Tags: Raw Startup
Do you need a Co-Founder?
Posted by Robert Norton on
Data shows that new companies with co-founders have a much higher chance of success than companies founded by a single person. This is because the addition of more skill sets that are complimentary and dividing up the huge amount of work necessary to start a company.
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- Tags: Co-Founder, Early Revenue, Expansion - Growth, Founder, Hiring, Human Resourses, Pre-Startup, Raw Startup, Recruiting