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All about entrepreneurs
This list of questions from Unusual Ventures is a great “gut check” to test if you’re ready to turn an idea into something concrete. Questions to ask yourself Questions to ask your potential co-founder(s) Questions to ask about your product/market These questions help clarify your commitment to the tough ride you will signing up for if you…
First, remember the “outcome” you seek. This is usually a meeting, so only pitch enough detail to get interest to have that meeting! Don’t over do it, keep it simple, and ask for the meeting (or other outcome you need)
Original by Stuart Skorman. Edited for use in this blog about emotions in Entrepreneurship. Starting a business is so difficult, wrenching, exhilarating, terrifying, and joyous-all at the same time that it’s almost an unnatural act. Who wants to inflict that kind of trauma on themselves? Who wants to expose themselves to that kind of nsk?…
Original by Stuart Skorman. Edited for use in this blog about Mentors in Entrepreneurship. Finding a mentor is the best way to learn what it takes to be an entrepreneur. Mentors can teach you the ins and outs of a business and be helpful role models. Consider these tips: Know you need a mentor. The more…
By AMY WILKINSON What makes some people stand out, even in an extraordinary crowd? Stanford Graduate School of Businesses lecturer Amy Wilkinson interviewed over 200 of the world’s top entrepreneurs to find out. 1. 1:28 Spots the gaps. Example; 2:02 Under armour. 2. 3:33 Drive for daylight. Example; 4:09 Airbnb. 3. 5:42 Fly the ODDA…
1. Contacts Your current work environment probably gives you immediate access to lots of people (prospective customers, experts, support). You lose some of this when you quit. 2. Cash flow Every entrepreneur is optimistic; your business will take twice as long as you think to become profitable. Keep the job cash coming in, even if…
By Stuart Skorman During my career, I’ve started four intentional businesses and a couple of unintentional ones. Through it all, I’ve learned a lot about what it takes to pick a winner. Here is some food for thought: Base your decision on logic, not emotion. Many people let feelings and passion steer them toward a…
1. Getting wedded to an idea and sticking with it too long. Don’t marry a single idea. Remember, ideas are the currency of entrepreneurs. Play with many ideas and see which ones bring money and success. 2. Trying to be something other than an entrepreneur. Entrepreneurs are entrepreneurs.You’ll give yourself a hernia if you try…
Here are some great remote learning resources. Startup School for Future Founders A free, 6-week online course for aspiring startup founders.Learn how to start a company with help from the world’s best accelerator – Y Combinator. https://www.startupschool.org If you are thinking about a startup, not now, in the future try this one: https://www.startupschool.org/future-founders Startup Playbook Written by Sam Altman,…
This is an older post but still valid today, a good lesson on what NOT to do. 1) Multiply big numbers by 1 percent. Entrepreneurs always ask, say, how hard can it be to get 1 percent of the cans of dog food sold per day? I hear plans along these lines every day. Huge…
These are great videos to get you started on the “ideation” process and how to best evaluate if you are on the right track.
These are quick videos on the traits of great startup founders.
Below, find a selection of some of the best Startup Secret workshops, hosted at the Harvard i-lab. Each video features rich content and real-life case studies. Take a moment to browse the collection and then join Michael Skok at the Innovation Lab this spring, as the Startup Secret series expands to include new workshops on…
This is a great lecture worth watching from Wharton. It’s 48 minutes long but still pretty condensed and up to the minute. Other important questions are when to write a full blown business plan and why write a business plan but when you do have to have one this will show you how. Another key…
You may or may not have heard of the important term “product market fit”. It is quite literal, and it’s used widely in the startup world as a key part of the development cycle of a new business idea. Once you understand and seek “product market fit” your business will have a far greater chance…
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