What are Some of the Things that Silicon Valley Can Teach Us About Entrepreneurs
To start with we learn that we should never be for a sellout. You know that you cannot tell your future, but you can determine it buys doing what is right which is not selling your information. Assuming that you are a software engineer with many offers in place on your skill.
One buyer would wish to but the idea for a given amount while the other buyer would like to give the engineer start-up amount of money. In this situation you may be stuck in a situation that you cannot decide exactly what you want. But you find the software engineer decides to forgo buying the idea and choose a startup. Proper knowledge is required in entrepreneurship is when you can manage the finances however much it is.
Also, it is also important that you do foundational work for starting your business. It will be wise if you do this before you steam up your ideas, products, and services. Some of the thing that you need to do or have are registration certificates, copyrights and many more. Also, you should also plan for several AdWords, campaigns ahead and include all this in your foundation plan. This is important since when you do it correctly, you will realize that your backers and other investors will be blowing at your feet. You find that some people do reason out ordinarily and they mistake this with fishing which does not require any skill or planning as it will only require you to cast the net in water to catch fish that are passing by.
You should also not take entrepreneurship as the school. Some of the mistakes that people do is like thinking that their products and services are enough and they have done their best. With this, you will overcome many unfortunate things like being unable to support your business, pay your employees and many other things.
Another thing that this story teaches us about entrepreneurs is that they should not give away their sauce. One thing that you should do as an entrepreneur is to steal people’s ideas but make sure yours are far from reach. Why do we say that because your secret can be used by others to overpower you in business making you fail as they become successful. Developing trust in people is something that you should not easily do as your ideas and secrets should remain confidential. One thing that I know is that you will be safer if you set up strategies and put focus in monitoring your secrets. How does it feel when you see someone succeeding with your idea? Painful I guess.
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