- A Dozen Lessons for Entrepreneurs, book review: Insights from the VC world | ZDNet
- The 17 Best Pieces of Advice for Entrepreneurs On Start-Ups and Business
- Insights for Entrepreneurs
But great entrepreneurs and great venture capitalists are not normal people.
They are oddballs in the best possible sense of the word, and no two of them are exactly alike. People matter: you need a strong founder who will stick around, as well as talented and committed employees. Startup leaders need an impossible combination of humility, luck and skill. A business plan won't survive contact with the customer, but you have to take the time to make sure that a business is at least possible: planning is essential, plans are not.
Don't despise sales: getting your product distribution right is important -- and don't let the PR team show off your minimal viable product before it's actually viable. The visionaries are the entrepreneurs," she tells Griffin. That's not saying investors are only in it for the money -- it's saying that most people, investor or founder, won't have enough good ideas to create multiple successes, so investors will need to find and back a wide range of visionaries.
A Dozen Lessons for Entrepreneurs, book review: Insights from the VC world | ZDNet
Winblad also gives the clearest advice on how to spot a founder and team that will succeed. Are they going to try and keep too much control? Can they trust other people, including employees, customers and investors? And do they have the intellectual and physical stamina to found a company? Griffin ends the book by pointing out that a diverse team is a stronger team: with different viewpoints, diverse teams are more agile, resilient and productive.
Tren Griffin is an insightful writer who can explain complex financial ideas clearly and often amusingly, although you might need the glossary from time to time. Even the obvious point that businesses need to make money and pay their bills resonates when he points out that, despite all the other things CEOs need to consider, the overriding imperative is "never run out of cash".
Reading A Dozen Lessons for Entrepreneurs is more like having the opportunity to go for coffee with dozens of smart and occasionally controversial people than getting formal advice or coaching in starting or running a business. The best description might be 'thought provoking'. The quotes from Eric Ries aren't a replacement for reading a classic like his The Lean Startup , but you'll come away with a grasp of the key ideas. You'll find yourself grinning as well as learning -- as when Griffin explains the importance of making mistakes, learning from them and then making new mistakes with a pithy quote from Will Rogers : "There are three kinds of men.
The one that learns by reading. The few who learn by observation.
The 17 Best Pieces of Advice for Entrepreneurs On Start-Ups and Business
The rest of them have to pee on the electric fence for themselves. New York is the best city for start-ups -- but Denver has better internet speeds When searching for the best opportunities around the world, millennials should look at the top cities that attract their generation. Theranos fraud duped billionaires but Silicon Valley culture blamed The very public demise of Theranos momentarily satisfies the schadenfreude of Silicon Valley's critics, but it's a distraction that protects the reputations of rich and powerful men that financed and ran the company for years.
Startup Republic: How France reinvented itself for the 21st century by wooing entrepreneurs to Paris TechRepublic The City of Light is cutting through a long tradition of government bureaucracy to make it easy for global companies to launch in France. Steve Ranger went inside the phenomenon. I just turned my Surface Book into a fancy leather-bound tome.
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Singapore sets up inter-agency digital team with aim to create 10, tech jobs. Employees from Economic Development Board, Enterprise Singapore, and Infocomm Media Development Authority form a new office that aims to drive growth opportunities and serve Apple buys self-driving startup Drive.
The 3D printing player plans to use the cash injection to fuel research and development of its 3D printing platform and expand internationally.
Intel announces program to help Israeli AI startups. The company will provide 10 to 15 startups with mentorship from Intel and industry experts. Get Started Want to see how Zenefits can help your business? Get Started.
Insights for Entrepreneurs
The good news? Focus on it early and be willing to spend time and money to nurture it. Having real core values and core purpose will deliver better results than any other investment. If you have time, spend your time on the highest leverage things you can do for your business right now. If you have money, figure out how to spend your money as efficiently as possible by running as many simultaneous small experiments that you can.
In the early days of a company, you have to take on eight to ten new initiatives a day or the company will stand still. Without massive input from you, the company will stay at rest. Share your wisdom with us below in the comments section. About Sonja Jacob Sonja writes on company culture, employee engagement, and growth.