Top 8 Startup Killers: Epic Fails That Doom 98% of New Businesses
As an entrepreneur who has been through the trenches, I’m pulling back the curtain on the top 8 reasons startups fail spectacularly — and how to stack the odds in your favor. Looking back, all the signs were there that my startup was destined to fail. I just
Read More
The Best Startup Ideas Always Have One Critical Flaw
But don’t worry — The bigger the problem, the bigger the opportunity. Last week, I had an interesting breakfast meeting with a local entrepreneur who has had a couple of impressive exits. Given his track record of building successful companies, I was curious to know what he wanted from
Read More
How to Maintain Control of Your Startup: A Guide for NorthRoadAI Founders
As a founder of NorthRoadAI, one of your primary concerns may be maintaining control over your company as it grows and takes on investors. While this is a valid concern, it’s important to understand that control in a startup context is more nuanced than simply owning a majority
Read More
The Discovery Stage: Laying the Foundation for Startup Success
In the dynamic world of startups, the Discovery stage marks the crucial beginning of an entrepreneurial journey. This initial phase is where ideas are born, tested, and refined, setting the stage for potential success or failure. Let’s delve into the key components of the Discovery stage and understand
Read More
The Startup Life Cycle: Max Marmer’s Model
The startup journey is a dynamic process, often compared to the stages of human development. Max Marmer’s life cycle model, utilized by Startup Genome and the Kauffman Foundation, outlines six distinct stages that startups typically navigate: Discovery, Validation, Efficiency, Scaling, Profit Maximization, and Renewal. Each stage is crucial
Read More
The Real Way to Dominate Your Startup’s Market
Despite what most entrepreneurs think, it’s not all about having the best product. I recently had lunch with an entrepreneur friend who wanted my thoughts on his business strategy. However, it quickly became clear that he was more interested in showcasing his app’s newest features. After 15 minutes
Read More
The Most Critical Success Factor for AI-Driven Mentorship Platforms That Founders Often Miss
At North Road AI, we’ve discovered that the key to success for our AI-powered mentorship platform isn’t just about tapping into the massive market of startup founders. Instead, it’s about understanding and optimizing what we call “Early Mentor-Mentee Accessibility” (EMMA – PIRAI). PIRAI is our proprietary framework for
Read More
Before You Launch: The Essential Guide to Idea Validation for Startups
The world of entrepreneurship is brimming with brilliant ideas. But not all ideas translate into successful businesses. Before you pour your heart and soul (and potentially a lot of money) into your startup concept, it’s crucial to validate your idea. Here’s why idea validation is essential and how
Read More
The Startup Launchpad: Best Mentorship Programs to Fuel Your Entrepreneurial Journey
The startup world is a whirlwind of innovation, passion, and… uncertainty. While brimming with ideas, early-stage founders often face the challenge of navigating the complexities of running a business. Here’s where mentorship programs step in, offering a crucial support system to propel fledgling startups towards success. These programs
Read More
Finding Your Perfect Match: How to Land a Mentor for Your Startup Journey
Launching a startup is an exhilarating yet daunting adventure. You’re brimming with ideas, but navigating the complexities of running a business can feel overwhelming. That’s where a mentor comes in – a seasoned guide who’s been in your shoes and can offer invaluable advice, support, and connections. But
Read More