I was flipping through my Alma Mater's Entrepreneurship Newletter. Their fall issue offered 7 tips for entrepreneurs. I found them to ring true; so thought I would add a little color based on my (now 18 month) adventure!
1. Just Do It
Yes. Take the risk. Follow your dreams. It's amazing and incredible! If you are anything like me, you won't ever look back. BUT...do think through best case and worst case scenarios, especially worst case scenarios. There are A LOT of difficult days. Knowing what is the worst that can happen is comforting. The way I see it, if things don't work out as planned, I'm financially poorer, intellectually richer, hundreds of times more marketable, and incredibly happier than I would have been had I stayed in my corporate job.
2. Get Good Legal Counsel
Absolutely. Let me know if you need a referral!
3. Invest Your Own Money -- It disciplines you
Yes. If you really want discipline, start your business during a recessionary period!
4. Surround yourself with good people -- both heart and mind are important
This resonates most with me. Both the right team at work and at home are critical. At work, knowing you an rely on smart, honest leaders and colleagues is reassuring. Having the right support network at home just as important, if not more. The encouragement of loved ones is truly make or break because it is a tough road!
5. Never carry the burden of being the smartest person in the room.
True. But more importantly remember to trust yourself. You may have surrounded yourself with a smarter team; but if it's your baby, at the end of the day, you need to feel good about it.
6. Learn to micro-manage initially and try to unlearn it later
The earlier you can understand when to delegate and when to take the reigns the better. I'm still waiting for the day I'm even close to mastering!
7. Be shameless about asking for help
I couldn't agree more. But ALWAYS remember that your turn will come. Make sure you, too, offer your help freely when asked!!!!
Of course, I have to add own piece of advice. HAVE FUN! It you aren't having fun, why in the world did you start this adventure in the first place. For me, in spite of all the ups and down, I couldn't imagine doing anything else. I'm having the time of my life pursuing my dream and creating something out of nothing that will help people eat and live better! And thanks to everyone who is helping making this happen! It isn't possible without you!
Labels: Entrepreneurship, start up, tips