What advice to under 20 entrepreneurs?
Many young people want to startup but they have no idea which door to open first. What are your suggestions.
Best Answer
Number 1, Be you. Find people you want to love you, and provide with them value. Love them and they will love you back with business. Number 2, Think, but think inside a market. Never think outside of a market. A market is a place where people pulls out wallet or credit cards. Only thinking inside markets are well grounded. Number 3. Start. Don't wait for a perfect idea to start. The first start is a failure, called learning. No one on the first try, and there is nothing to be shamed.
Other points
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Related Quote Cards
Startup Lingos To The Point
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Bold is do the right thing that no one agrees and hard. Stupid is to do the wrong things that a few agrees and impossible.
business plan
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business plan and exit
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business model
business model
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value proposition
value proposition
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passion
passion
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investment
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chance
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After you have a sale or a market hit, you ran into all kinds of accidental discoveries that you never knew exist.
sales
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value
Largesse
A general or CEO or founder who is tolerant and generous. Someone who recognizes own mistakes. Someone with big heart for hiring people better than him.
brand
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Brand means name recognition. A lot of people knows what your company does and what you stand for. Brand is result of long campaign of consistent value provision and media cultivation. Brand helps a company reduce marketing cost.
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invention
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A "MVP" wanna-be that is still at the widget stage. Lacking ability to demonstrate effects, only projected effects.
lean
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Minimally viable business, or MVC, minimally viable company. A company that scrapes by, full of guess and hope and no traction and sales. When you give your customers things for free they all take it. But they never pay and you can never rent a table at the market.
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Onlyness
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Fame
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investment
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solopreneur
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traction
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