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Here are five tips for moving cash into and out of your bootstrapped startup.
In “Classroom Habitudes,” Angela Maiers defines the six traits for successful learning as Imagination, Curiosity, Perseverance, Self-Awareness, Courage, and Adaptability. I think these habitudes should also be embraced by entrepreneurs.
This post builds on my earlier “Finding a Co-Founder” and “Compromise & Get Started” posts on the challenges with finding a co-founder for your software startup. It assumes you are working at least part time with a potential co-founder exploring if you can collaborate successfully and generate revenue from a new jointly developed product or …
Building on yesterday’s “Finding A Co-Founder” I want to identify a couple of common challenges to getting started with people you have had prior shared success with and offer some suggestions for how to compromise and get started working with them. Reconnect with Folks You Have Successfully Collaborated With I suggested the following approach: Make …
This is based on both my direct experience and stories folks have shared at the Bootstrappers Breakfast® over the last few years about finding a co-founder.
Actively Manage Expectations With Clear Communications Always Assume Everything You Do Will Become Public Listen For What Isn’t Being Said Predictable Behavior Inspires Trust Trust Doesn’t Scale, It’s Knit by Aligning Actions With Prior Commitments Related Posts Honesty in Negotiations The Business is Everyone’s Business Conserving Trust in a Downturn Bouncing Back
Excerpts from section 7 “Seek Wisdom, Competence, and Confidence” of “Slow Down to Speed Up” by Ronald J. Stupak and David S. Greisler The half-life of information is six months. The half-life of wisdom is a lifetime. The self is not infinitely elastic. It has potentials and it has limits. If the work we do …
Two years ago we asked the question “Are You Generating iPod Fishbowl Leads” I was reminded of this by a recent post by Simon Favre “You Can’t Give Stuff Away Fast Enough” about his recent experiences at DAC 2010 working in both the Global Foundries (GF) and TSMC booths.
Kurt Keutzer was interviewed June 8, 2010 on the DAC website and he had a number of interesting things to say about engineering and entrepreneurship. What follows are some excerpts but it’s worth reading the entire interview. I have added several hyperlinks for context. Career advice he gives his students: I think that every engineer …
Kurt Keutzer on Engineering Entrepreneurship & EDA Read More »
Global teams work 24 hours a day, 7 day a week to “beat the clock.” Here are some tips to increase their effectiveness.
In 1995 I did some work for one of the early web startups in Palo Alto. They had delivered a number of database driven websites using a proprietary software technology that they had developed, and had sold the technology to several firms. But they had a problem collecting unpaid bills: they had not been paid …
There were a number of excellent suggestions from last Tuesday’s Bootstrapper Breakfast with Rick Kadet on managing and modeling your cash flow. Rick Kadet opened with some good points about common mistakes founders make in modeling and managing cash flow: They can focus too much on the current bank balance and burn rate and neglect …
Whether it’s a free phone call or a working session, a workshop, or a longer term engagement we normally send the following four question survey to all of the participants: Please help us improve our engagement and service delivery processes. Please take five minutes and answer the following four questions with one or two items …
Simple Client Satisfaction & Process Improvement Survey Read More »
Ben Yoskovitz stresses the importance of starting with a passion for solving a problem, not evangelizing your solution.
It’s easy to tell someone that they are mistaken or wrong. It rarely encourages teamwork or useful dialog.
The Silicon Valley economy continues to test bootstrapping entrepreneurs cash management skills. I took a look at Silicon Valley bankruptcy case filing statistics for the last decade (in particular for the San Jose court) prompted by two recent articles in the San Jose Business Journal: May-1-2009 “Chapter 7 Bankruptcies up 35%” “We’re really seeing it …
Rick Kadet on Cash Management at Bootstrappers Breakfast Tue Read More »
Here is my roundup of blog posts about the 2010 Design Automation Conference. You can also follow the #47DAC hashtag on twitter for breaking announcements during the conference. Last year’s roundup is available a DAC 2009 Blog Coverage Roundup. Original intro: If you write a blog post that reviews an event, a day, or DAC …
Please use my contact form to let me know “What Should I Do To Improve the SKMurphy Blog?” and enter enter your name and E-mail if you are open to answering my questions about your suggestion. Update June 28: Dave Concannon really made my day with this tweet Sean Murphy’s blog is fantastic, check it …
I check out a few new products every month that I think may be of use in our practice. The following is a true story of a recent experience I had experimenting with a new B2B oriented one that I will call Hotel California. I have changed the name because I signed a license agreement …
