Success can be measured in many ways, but my goal has been to teach them to become serial entrepreneurs – persons who are capable of creating not just one startup business, but capable of starting many healthy businesses throughout their careers.
Becoming a good serial entrepreneur involves learning the ability to do the following 5 things.
Whether you are creating a business or creating an amazing life, you can benefit from thinking like an entrepreneur and by taking leadership.
Unfortunately, some of the most fundamental assumptions that we make about leadership may be wrong or over-glorified. A leader is just a lonely nutcase without followers. The first followers, not the leader, are the ones who take the greatest risk yet get the least praise and recognition. The first followers are the ones that teach other followers how to follow. How often do discussions about leading fail to discuss how to follow?
The process of creation that an entrepreneur can experience is amazing. One minute you sit there with two empty hands and a head full of ideas. In the next moment your thoughts have been converted to real things and you have your hands full of value and new opportunity. It is like modern day alchemy – the ability to turn common objects into gold. Dare to dream. Dare to dream big dreams.
John Gray’s book Men are from Mars has the subtitle ”The Classic Guide to Understanding the Opposite Sex”. To Entrepreneurs, VCs might as well be the opposite sex. Most entrepreneurs don’t really understand them very well.
What is it that really motivates you? What is it in your life that gives you energy and inspiration? What gets you up early in the morning or keeps you awake sleepless all night? Finding true inspiration is crucial for an entrepreneur.
Why do so many early-stage technology companies struggle? One reason is that they fall in love with their technology. Don’t fall in love with your technology. Fall in love with your market. Your market will last for many years. Technologies just come and go.
Sometimes entrepreneurs have to kill their holy cow in order to succeed.
We all have 2 different minds. One is logical, the other is emotional and they don’t always agree with each other. Sometimes they will do whatever they can to sabotage each other. This can be useful for entrepreneurs.
Networking is one of the most important keys to success in a startup business. It will help you find jobs, recruit talent, win new customers and discover investors who’ll support your ideas.
Have you seen the old movie called Marathon Man? Dustin Hoffmann plays the part of an amateur marathon runner who gets mixed up with a group of nasty ex-Nazis who torture him with a dental drill. His training as a marathon runner helps him to endure the pain until he is finally able to win in the end. It is a great movie and a good lesson for entrepreneurs. Sorry to write this, but you have to be able to endure a lot of discomfort and pain if you expect…