Information is everywhere. Intelligence is rare. Our Daily Perspective is a free daily dose of intelligence to help you improve your skills as an entrepreneur each day.

12 Sep, 2017

Digital Marketing Trends

2024-07-23T07:57:32-04:00

Whether you are marketing to consumers or marketing to businesses, understanding the landscape of digital marketing is a must. These trends impact how individuals digest information’s and should be understood as you craft your marketing efforts. As marketers plan ahead for where to invest their marketing budgets in the year ahead, interest in the latest innovations and trends increases yet more. Keep these trends in mind as you craft your marketing strategies.

Digital Marketing Trends2024-07-23T07:57:32-04:00
11 Sep, 2017

Public Relations 101

2018-02-27T08:11:47-05:00

Entrepreneurs dream of having their company appear on the front page of a major publication or doing an interview on a major network. Public relations can certainly create breakthrough moments, but in most cases it is simply an important part of an overall marketing strategy. Many marketers see public relations as only handling rudimentary communication activities, such as issuing press releases and responding to questions from the news media. But in reality, in a time when customers are inundated with thousands of promotional messages everyday, public relations offers powerful methods for cutting through the clutter.

Public Relations 1012018-02-27T08:11:47-05:00
8 Sep, 2017

Common Pricing Mistakes

2024-07-23T07:58:44-04:00

Figuring out the right pricing for your startup is a challenging, yet crucial, part of building a successful company. The way you price your product or service can make or break your startup. So, it’s important to understand the pricing landscape of your market and how your company fits into it to get your startup’s pricing right.

Common Pricing Mistakes2024-07-23T07:58:44-04:00
4 Sep, 2017

Since When Are CEO’s Humble?

2024-07-23T07:55:40-04:00

You're the CEO, so you think you know more about the business than anyone and for the things you don't know - you'll figure it out along the way. After all, you've got a business to run, so you have to move quickly and aggressively. Not quite actually. It’s a blessing to acknowledge when you come across something you don’t know, not a curse.

Since When Are CEO’s Humble?2024-07-23T07:55:40-04:00
1 Sep, 2017

Designing Effective Compensation

2018-02-27T08:11:52-05:00

As any entrepreneur knows starting a new business is a simultaneously horrifying, humbling, gratifying and exciting experience. These terms can also be used to describe the process of hiring a team to help you grow your startup. While every business owner wants to bring in the best talent and hardest working employees, the financial realities of running a startup can often be a huge hindrance in attracting those team members and compensating them fairly. That’s why, as a startup owner, you may need to get creative when it comes to what and how you pay your team.

Designing Effective Compensation2018-02-27T08:11:52-05:00
31 Aug, 2017

The Role of Social Media

2024-10-01T06:15:56-04:00

There is an incredible burden on startups to maximize marketing dollars without compromising quality. It's a fine line, and one that not every entrepreneur understands. On one side, you're being told you won't succeed unless consumers know your products and services exist (which takes a heavy marketing and advertising investment). On the other, you understand that you don't have a large budget and spending too much on a launch campaign can doom you from the start. However, somewhere in the middle there is a sweet spot that should allow you to reach a large audience with a conservative budget.

The Role of Social Media2024-10-01T06:15:56-04:00
30 Aug, 2017

Think Like an Entrepreneur: Tips for Entrepreneurs

2024-07-30T05:03:40-04:00

When figuring out how to become an entrepreneur, one common question is why does one entrepreneur succeed and one with the exact same idea fall short? Certain entrepreneur characteristics are the difference between success and failure.

Think Like an Entrepreneur: Tips for Entrepreneurs2024-07-30T05:03:40-04:00
30 Aug, 2017

Know When You Need Help

2018-02-27T08:11:54-05:00

As entrepreneurs we all have things we would be happy to work on 24/7 and things we'd love to avoid doing if we can help it. The things that we'd rather not do, often take up a lot of our precious time because we drag it out either because we're not exactly sure of how to do it or we just really don't want to do them. Knowing what you don’t like and what you are not good at is an important step to not only improving your company, but to making your day more rewarding. Entrepreneurs, especially in the beginning, are expected to do everything.

Know When You Need Help2018-02-27T08:11:54-05:00
29 Aug, 2017

The Benefits Of A New Perspective

2018-02-27T08:11:55-05:00

Identifying where your skills can be supplemented or complemented can quickly accelerate your company’s growth. Once you recognize these areas, you can plan accordingly. Look for a variety of resources whose experience balances yours. Find support from specialists or those with extensive experience in an area you are lacking. Their ease and efficiency will translate into your own effectiveness. Being candid with yourself and your constituents is not a weakness. It is a strength. Leaders, who recognize their deficiencies and encourage others to do the same, gain respect, solve business issues more efficiently and set the foundation for well-run companies. There’s also a good chance your day will be much more enjoyable.

The Benefits Of A New Perspective2018-02-27T08:11:55-05:00
28 Aug, 2017

Offshoring Your Technology Development

2018-02-27T08:11:55-05:00

If you know enough to properly manage international technical resources, an emerging company can highly benefit from the economics of working with offshore resources for technical services. But it takes real effort to realize the benefits and minimize the risks. Offshoring can be low cost, but it’s important not to be low involvement. If managed well, you can realize greater production at a much lower cost. If not, the headaches can cost you more.

Offshoring Your Technology Development2018-02-27T08:11:55-05:00
25 Aug, 2017

How to Become an Entrepreneur: The Fine Line Between Success and Failure

2018-07-23T09:24:56-04:00

When figuring out how to become an entrepreneur, one common question is why does one entrepreneur succeed and one with the exact same idea fall short? Certain entrepreneur characteristics are the difference between success and failure.

How to Become an Entrepreneur: The Fine Line Between Success and Failure2018-07-23T09:24:56-04:00
25 Aug, 2017

How To Attract Talent

2018-02-27T08:11:56-05:00

Behind every great startup you've ever read or heard about exists a team of passionate, talented, and motivated individuals. The question is how do you get the most talented people to help you - especially when you may not be able to pay top-notch talent and the value of the equity in your company may not be clear. Nowhere is the creativity of the entrepreneur more on display than when we need to attract talented people to join your venture. After all, we are asking people - especially at early stages - to make a leap. Sometimes that leap is just to an idea. Sometimes that leap is undercapitalized. Sometimes that leap is from the friendly confines of the corporate world.

How To Attract Talent2018-02-27T08:11:56-05:00
24 Aug, 2017

Business-To-Business Marketing Techniques

2018-02-27T08:11:57-05:00

Businesses make purchases every day, but making those purchases from your company is a different story. Marketing to businesses is a function of the use of a variety of tools and techniques to set your company apart from others. B2B marketing requires you to employ a variety of techniques to position your product or service above your competition.

Business-To-Business Marketing Techniques2018-02-27T08:11:57-05:00
21 Aug, 2017

Choosing Your Pricing Model

2024-07-23T07:56:53-04:00

Figuring out the right pricing for your startup is a challenging, yet crucial, part of building a successful company. The way you price your product or service can make or break your startup. So, it’s important to understand the pricing landscape of your market and how your company fits into it to get your startup’s pricing right. Pricing is a balancing act that involves psychology, art and science. You must price high enough to make a profit and low enough to attract customers. Understanding the different pricing strategies and best practices can help you find the approach, and ultimately the prices, right for your business.

Choosing Your Pricing Model2024-07-23T07:56:53-04:00
18 Aug, 2017

Find Playgrounds Where No One Is Playing

2018-02-27T08:12:01-05:00

Since we believe that what we're doing is so unique, everyone will have the same perspective and want our product. And since it hasn't been done before, we think it's just a matter of time before we get into the market that our product will be at the top of everyone's mind. Wishful thinking.

Find Playgrounds Where No One Is Playing2018-02-27T08:12:01-05:00
17 Aug, 2017

Setting Up Social Media

2018-02-27T08:12:03-05:00

Social media has become less of an optional marketing opportunity and more of a priority. In fact, platforms like Facebook and Twitter have become integral parts of brand awareness, content distribution, lead generation, and customer acquisition strategies for businesses. This is especially true for startups working with smaller budgets and grassroots campaigns.

Setting Up Social Media2018-02-27T08:12:03-05:00
16 Aug, 2017

Getting Insurance

2018-02-27T08:12:03-05:00

Starting a business involves lots of decision-making and a laundry list of to-dos, so many owners don’t spend enough time looking for right insurance for startup businesses. Regardless of what industry you are in, you need to protect your business, your employees and your bottom line. In many cases small business insurance can be surprisingly affordable.

Getting Insurance2018-02-27T08:12:03-05:00
15 Aug, 2017

Picking A Name

2024-09-03T04:41:22-04:00

The name of your company will be etched into your daily life as an entrepreneur. You must pick a name that not only is compelling and that serves your vision, but that does not infringe on the names or intellectual property of others. When picking a company name, it’s important to do some research to help you avoid trademark infringement or domain name problems. You may be infringing someone’s trademark if your use of a mark is likely to cause confusion among customers as to the source of the goods or services

Picking A Name2024-09-03T04:41:22-04:00
13 Aug, 2017

Michael Dermer to Keynote 2017 Orphaned Starfish Event in Guadalajara

2024-10-10T09:00:09-04:00

Michael Dermer is honored to be the Keynote speaker at CEED's 2017 Global Conference. Hundreds of entrepreneurs through the CEED network will come together in Slovenia for the annual gathering of CEED entrepreneurs and alumni.

Michael Dermer to Keynote 2017 Orphaned Starfish Event in Guadalajara2024-10-10T09:00:09-04:00
11 Aug, 2017

Creative Perks For Employees

2018-02-27T08:12:07-05:00

Cash and equity compensation are certainly the foundation of a compensation plan to attract great employees. That being said, coming up with creative perks can be a significant factor in attracting talent. Here are some ideas for perks that can supplement your more traditional compensation structure for employees. You don't need to do all of these, and some may cost too much, but others may make sense for your company.

Creative Perks For Employees2018-02-27T08:12:07-05:00
10 Aug, 2017

Establishing Company Values

2018-02-27T08:12:08-05:00

I know what you are thinking. The last thing I am thinking about is our company culture. If it doesn’t bring in revenue or cut our burn, should we be focusing on it? Our culture right now has to be to work our asses off. In an early stage venture, you lack defined parameters for company behavior—including your own behavior. It is like driving on a road without a speed limit, stop lights or lane lines. Left to its own devices, or lacking the appropriate attention, you are actually enabling a corporate culture with negative undertones and a tolerance for unacceptable behavior. If you fail to set down your core values, you not only bear that risk but you are not taking advantage of something that can create a competitive advantage.

Establishing Company Values2018-02-27T08:12:08-05:00
9 Aug, 2017

Starting a Business: Establishing Company Culture

2018-02-27T08:12:08-05:00

In the constant chaos of becoming an entrepreneur, founders and leaders are always thinking of how to drive their employees to perform at a higher level. Sometimes while in the process of starting your business you may forget that this environment is unique. Employees are generally working hard, have multiple job roles, are sleep deprived and feeling pressure on a daily basis. You may find yourself wondering how to set the tone for employees that are most likely already stretched to their limit. Well, believe it or not, it starts with you, the leader. As a leader, it us up to you to train employees and set the tone of the workplace culture.

Starting a Business: Establishing Company Culture2018-02-27T08:12:08-05:00
9 Aug, 2017

Everything You Should Know About Financial Statements

2018-02-27T08:12:09-05:00

The financial performance of a business is reflected in a series of what they call "financial statements." While every entrepreneur does not need to be a financial expert, we all need to have at least a basic understanding of these statements and how they show us the financial performance of your business. A complete set of financial statements is used to give an overview of the financial results and condition of a business. These statements are the common language used by everyone to gain an understanding of the financial status of a business.

Everything You Should Know About Financial Statements2018-02-27T08:12:09-05:00