Some of my favorite lessons:
"It pays to do good and be good while running and doing your startup."
Some of my favorite lessons:
"It pays to do good and be good while running and doing your startup."
The 6 Rules
1. Build something people want.
2. Which group of people do i sell to first? The best are small, narrow segments that are growing quickly.
3. Choose your industry and market.
4. Some industries are terrible.
5. No-one starts a business by themselves. No-one can do everything a startup needs. Start with the right people around you
6. Know the people you need to know. Networking.
I was reading an interesting article from Chris Anderson (Who I Met @ Media Evolution Press Conference(With Video)) and got to talk to him about some of these models, specifically the meta models he lists.
Most entrepreneurs are about confidence and hope, less about critical self-evaluation. 9 out of 10 fail and the one that succeeds thinks its because its because of skill. Remember it when you succeed. Remember that it was luck, and not skill. No matter how hard you worked or how much you know. - Eckhart Richter
"Economists say there are some peculiarities to this wave of downturn start-ups. Chiefly, the Internet has given people an extraordinary tool not just to market their ideas but also to find business partners and suppliers, and to do all kinds of functions on the cheap: keeping the books, interacting with customers, even turning a small idea into a big idea."
Good morning denizens of the internet, as promised, reading of the day has resumed! The first link is under a new title, favorite, my favorite article of the group and if you're going to ignore most of my links, don't ignore that one.
Favorite:
http://mywifequitherjob.com/2009/01/14/reader-response-should-i-go-to-co...
Should you start a business or go to college? (GREAT WEBSITE -- recommend this too: http://mywifequitherjob.com/2008/10/02/are-you-cut-out-to-be-an-entrepre... )
Business:
Goran Ericsson and John Garcia from Innovateur Capital, LLC gave this presentation at MINC in Malmo, Sweden. It is broken down into 7 parts:
Part 1
Second week, second post (in the entrepreneurship series!). A lot of us have started projects on a whim, we have an idea and we immediately start to try and make it a reality. Some of us take an idea and create a formal business plan and try and figure out whether it's feasible. When do you just go for it and when do you try and formally present it?
So earlier this week I began working on my master's degree in entrepreneurship. So far it has been very interesting and it has a great set of people also doing the program. But I also want to share it with the broader community of friends and associates that I do business with and bring up and discuss issues that stem from my studies or from my own curiosity and get real views and inputs from all of you. I think it's helpful to see what many of you think (I know many of you guys are successful entrepreneurs) and helpful for all to learn more.