Published on March 5, 2014
Tips, Tricks & Quotes for Entrepreneurs
"Optimism, pessimism, f*** that; we're going to make it happen. With God as my bloody witness, I'm hell-bent on making it work." -Elon Musk, Tesla/SpaceX
You wake up and list the 10 things you need to do today. Odds are, one item is worth 10 times more than the rest. Our natural human tendency is to put it off until later, diverting into mundane tasks like Facebook. We invent devilishly clever reasons not to get that one thing done.
“A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large.” -Henry Ford
Since every day as an entrepreneur is a day you invent, make it a masterpiece. No one cared that Michelangelo painted the Sistine Chapel ceiling for four years in such an awkward position it permanently damaged his health. We simply marvel at the result. Likewise, no one cares about the depth of your inbox, the number of cold calls you made or how many meetings you attended. Only concrete results matter; tireless effort is just the stuff you do to get there. Masterpiece creators do not act as if they are passengers on some cruise ship transporting them to retirement. They assume responsibility for their own destiny, never hiding.
There are a billion "I can't" reasons and most are founded on nothing but fear -- many times we are simply standing in our own way.
Seize the Day. Opportunity is missed by most people because it is disguised as work.
“It's okay to be eccentric if you're rich; otherwise you're just crazy.” -Yvon Chouinard, Patagonia
“No one ever forgets their first 100 users, let them know that you give a damn.” -Alexis Ohanian, Reddit Co-Founder
I don't believe in pitfalls. I believe in taking risks and not doing the same thing twice. -Guy Laliberte, Cirque du Soleil
Focus on sales and marketing manically. In business, nothing happens until a sale is made. From the jump, you'll need to find a good way to get leads, convert leads into sales, and make sure you keep getting repeat sales from your customers.
A single presentation could change your life. So it's important to put aside your anxieties and knock it out of the park. You may think you fear public speaking, but in reality what you're feeling may be fear of rejection or the unknown. Hone in on what is holding you back, and release it.
Knowing how to manage risk avoidance is key when meeting with an investor, they have to be sure you will minimize risk when it comes to their money.
Instead of trying to make your business "the next Facebook" focus on what sets your business apart from others and play to your strengths.
"If I had 9 hours to chop down a tree, I'd spend the first 6 sharpening my ax.” -Abraham Lincoln
From a chance encounter with an investor to a curious customer, always be ready to pitch your business. State your mission, service and goals in a clear and concise manner. Fit the pitch to the person. Less is always more.
Define specific goals for the year, plan how you are going to achieve those goals, and what specific help you need in order to achieve those goals.
As an entrepreneur, you've got to be willing to put everything on the line in order to succeed.
Instagram has 90 million monthly active users. Take advantage and upload beautiful content to drive traffic to your site.
Building a business can be much easier when you have the right team surrounding you, make sure you surround yourself with positive influencers so that things run smoothly and efficiently.
In business, nothing happens until a sale is made. From the jump, you'll need to find a good way to get leads, convert leads into sales, and make sure you keep getting repeat sales from your customers.
When Tweeting, I can't reiterate this enough. If you're interesting and engaging, people will engage with you; if you're boring, they won't. Choose your tweets carefully.
The Entire Purpose of Your First Investor Meeting is to get a Second Meeting. Make Sure That You Make a Good Impression With all Potential Investors.
Prepare yourself, not just your idea. Angel investors invest first in the entrepreneur not in the business plan. It’s important that the investor and entrepreneur can get along. They will want to see that you are fast, thoughtful and efficient, and can sustain the project through its conception and growth.
Using Dropbox as an example. You don’t need to be the first to the market, as long as your business plan is compelling and worthwhile you will thrive.
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