20 Entrepreneurial Insights for Success
Running a small business can be a lonely thing and getting good advice is key. Sometimes just knowing what’s worth pursuing or not is all you need. Sometimes it’s just getting started.
Here’s a list of short and simple advice for entrepreneurs given by entrepreneurs.
- Establish a strong network –whether it’s friends or people you pay –or beter yet, a mix of the both. It’s impossible to be ‘all things’ to your business. Have great ‘go to’ people for information, advice and feedback.
- Execute your ideas
- Finding funding and becoming popular do not make a business. Profit makes a business. Make money.
Glen Lipka, http://commadot.com
- Learn to eat your young. If your plan isn’t working, get a new one. It doesn’t matter if it’s your baby. If something better comes along, eat the old and embrace the new.
- If you launch without feeling slightly embarrassed, you’re probably too late.
- Equity is like manure, if you pile it up it just smells bad. But if you spread it around, lots of wonderful things grow.
- Only consider advice and guidance from people who have started businesses – either successful or failed, doesn’t matter.
- You are not a business until the customer pays you. Until then it’s a hobby.
- It is easier to sell medicine than it is to sell vitamins.
- Learn public speaking.
- Hire people who are smarter than you are.
- Never be afraid to ask for help or advice, and heed it.
- A goose that lays golden eggs is worthless if you have to feed it diamonds.
- Stop romanticizing the idea of a startup. Put a game plan together and just do it.
- Just because you trust someone, doesn’t mean you can depend on them as well. Trust and delivery can be two different things.
- What’s your unfair advantage?
- When the road ahead seems too long, look back to see how far you’ve come.
- Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did.
- You can’t make money and excuses at the same time!
- Just because something doesn’t do what you planned it to do doesn’t mean it’s useless. -Thomas A. Edison
- Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t. -Anonymous
Source: Quora
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