- Start by thinking small and extend your thinking from there. Small and simple thinking will allow you to concentrate on what is important
- Financial reward is good, but aspiring entrepreneurs should first look out for opportunities where they can learn. Allow employees to take on projects even if they don’t have the qualifications.
- Don’t manage profit, but cash flow. Money in and money out should be the only two financial yardsticks that matter.
- Perfection is the enemy of success (in case of startups). Speed is better than perfection.
- Sell, sell and sell. Selling to everyone including business world, employees and suppliers. Sell yourself, sell your product, have a sales professional in your team.
- Start NOW. Don’t wait.
Tuesday, March 1, 2011
Keep These In Mind When Launching a Startup Business
These points may come across as basic, but these are the small points you should keep in mind when launching a startup business:
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