10 things
for a first time Entrepreneur.
1.Don’t be an entrepreneur just for the heck of it. There’s no
point in getting into a business that everyone else is already doing. Like the guy who wanted to get into the soft drink business but then he invented the
straw.
2.Don’t just start a company. Start a whole new industry. Remember
Post-Its.
3.Never give up. The guy who started Victora’s Secret sold his
company and jumped off a bridge before it became Victoria’s secret.
4.Don’t be afraid. Ron Wayne was so afraid of starting a new
company that he backed out of his partnership contract. He is now living on his
pension. Oh I forgot to mention, the contract was for Apple Inc.
5.Good artists copy, great artist steal. The entire Macintosh idea
was stolen from Xerox. and then Microsoft copied it from Apple.
6.Sell yourself shamelessly. Branson is probably more popular than
his own company – Virgin.
7.Be creative . Very creative. There’s this guy who took a circle,
put a price tag on it , patented it and made billions. It was called the
hoolahoop.
8.Dont wait. Jobs, Zuckeberg, Gates we’re all billionaires before
they were 25. You dont wanna wait to be 35, with a wife and 2 kids and then
start a company.
9.Improvise and move along with the times. Nokia started as a
rubber product company. Apple now makes phones. And Microsoft, err, they’ll
probably be getting into home appliances soon.
10.Print your business card with a dummy company name and CEO
written below. Distribute this among all your friends. After 6 months you
better start your company or you’ll be the laughing stock of the entire town.
Micheal Dell did this when he was 16. One of you reading this must be probably
working for him.
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