David Cummings on Startups

When to Help Entrepreneurs

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David Cummings

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I’ve had a chance to work with entrepreneurs at all different stages of their idea and business. Whether it is an idea that popped into an entrepreneurs head the night before, or it’s already a million dollar company, I’ve found that there’s so much excitement and passion that makes it fun to help out. Recently I’ve decided that the most nascent stage of the pre-business idea formation is too early for me to add much value. Going forward, I’m interested in helping out once the Questions to Ask an Entrepreneur have already been established. Here are those questions again:

  • What problem are you trying to solve?
  • How are you different?
  • How many prospects have you talked to about it?
  • How far along are you with the concept?
  • Where do you need the most help?

The general goal is to have the idea a bit more fleshed out before discussing it so as to be able to offer more value and input. Entrepreneurs that haven’t answered the questions yet will possibly view this as annoying but in the end will appreciate the purpose.

Comments

3 responses to “When to Help Entrepreneurs”

  1. David B Cummings Avatar
    David B Cummings

    Good advice! as a entrepreneur I have found myself at the other end of that table many times and found that being prepared for any question and having your bases covered is the only true way to move forward without costly delays, sit down and ask yourself what questions would I ask follow through with prospects, have concepts drawings finished along with proto types it makes you shine. And remember the words of Napoleon Hill: Whatever the mind of a man can conceive and believe it can achive….

    Reply
    1. davidcummings Avatar
      davidcummings

      Thanks David for the comments. Great name by the way :-).

      Reply
  2. New Business Ideas « B2B Tech Entrepreneur – David Cummings

    […] to hear several different entrepreneurs talk about their business ideas. Normally, I like to have five questions answered before digging into the strategy. After listening to the ideas, one of the entrepreneurs asked if […]

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