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6 SECRETS TO
STARTUP SUCCESS
How to Turn Your Entrepreneurial
Passion into a Thriving Business
JOHN BRADBERRY
Foreword by Pamela Slim,
author of
Escape from Cubicle Nation
AMERICAN MANAGEMENT ASSOCIATION
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Library of Congress Cataloging-in-Publication Data
Bradberry, John, 1961–
6 secrets to startup success : how to turn your entrepreneurial passion into a thriving
business / John Bradberry ; foreword by Pamela Slim.
p. cm.
Includes bibliographical references and index.
ISBN-13: 978-0-8144-1606-8 (hardcover)
ISBN-10: 0-8144-1606-3 (hardcover)
1. New business enterprises—Management. 2. Entrepreneurship. 3. Success in
business. I. Title. II. Title: Six secrets to startup success.
HD62.5.B723 2011
658.1'1—dc22
2010039039
© 2011 John G. Bradberry
All rights reserved.
Printed in the United States of America.
This publication may not be reproduced, stored in a retrieval system, or transmitted in
whole or in part, in any form or by any means, electronic, mechanical, photocopying,
recording, or otherwise, without the prior written permission of AMACOM, a division
of American Management Association, 1601 Broadway, New York, NY 10019
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Printing Number
10 9 8 7 6 5 4 3 2 1
American Management Association •
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CONTENTS
Foreword by Pamela Slim
v
Acknowledgments
vii
Introduction
xi
PART I
Entrepreneurial Passion:
A Double-Edged Sword
Chapter 1:
True Believers: Why Founders Fall in Love with
Their Ideas
3
The Sparks of Entrepreneurial Ambition
Fanning the Flames of Commitment
If You Build It, Will They Come?
Chapter 2:
The Passion Trap: How Attachment to Your Idea Can
Sabotage Your Startup
23
What Is the Passion Trap?
The Damage Done: Six Negative Impacts of
Entrepreneurial Passion
The Core Pattern: How the Passion Trap Works
Icarus Qualities: Who Is Most Vulnerable to the
Passion Trap?
Early Warning Signs: Are You in Danger of Being Trapped?
Moving Forward: Six Principles for Making the Most of
Entrepreneurial Passion
PART II
Your Foundation: Six Principles for Launching a
Can’t-Miss Startup
Chapter 3:
Founder Readiness: How to Prepare for the
Entrepreneurial Journey
51
The Fundamentals of Founder Readiness
Purifying Your Entrepreneurial Passion
American Management Association •
www.amanet.org
iv
Contents
Chapter 4:
The Pull of the Market: Attach to Your Customer,
Not to Your Idea
81
Developing a Strong Market Orientation
Antidote to the Passion Trap: Give Your Idea a Market Scrub
Chapter 5:
Your Math Story: Charting a Path to Breakeven
and Beyond
103
Planning Is Clear Thinking
Constructing a Compelling Math Story
Securing the Right Funding
Chapter 6:
Startup Agility: Executing with Focused Flexibility
125
The Paradox of Strong Execution
The New Venture Learning Curve
Chapter 7:
Integrity of Communication: Your Secret
Startup Weapon
149
No One Is Immune to Reality Distortion
Integrity of Communication: The Basics
Four Personal Tools for Bursting the Feel-Good Bubble
Chapter 8:
Staying Power: Give Your Venture Time to
Take Flight
169
Venture-Level Strategies: Strengthening and Lengthening
Your Runway
Founder-Level Strategies: Performing and Persevering
over Time
Appendix A: Startup Readiness Tool
191
Appendix B: Resources and Readings
207
Notes
215
Index
227
American Management Association •
www.amanet.org
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