Lessons Learned from my First Year as an Entrepreneur

http://www.inc.com/clate-mask/5-lessons-learned-from-my-first-year-as-an-entrepreneur.html

by MarlonPro • 11 years ago

19 3 11 years ago

inc.com

csoare• 11 years ago

Needs an account. Can it be moved to Medium.com please? :)

tim333• 11 years ago

Worked for me. Try incognito?

iolothebard• 11 years ago

1. 100x higher? That's f'ing nonsense. (Although, I grew up in a family of entrepreneurs, so maybe my baseline was vastly different.)

2. Mostly agree, you're not doomed, but it's certainly harder. Capital requirements are what make this difficult for most startups. Shit partners are just as bad if not worse than no partners though.

3. Lmao, accounting 101. Read a bit before starting your business.

4. Best of the 5 things here. If you think you're not a salesperson, then you're not and your offering is likely dead on arrival.

5. Plan for 2-3 years of no fun. However, if you're doing something you love (startups), learn to enjoy the process. Make work fun, but don't miss out on family/friends too much, but be prepared to not be as social.

Of all the things I've learned doing startups, I've learned not to be so concrete on the financial side. Money is important, but how you'll get there can't necessarily be planned out to mitigate all risks.

Essentially be prepared to work 3-5x harder than the hardest thing you've ever done. Then make it 3-5x harder than that. It's like working out, you never know what you can do until you try and push yourself.

Lessons Learned from my First Year as an Entrepreneur

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