Business Magazine

10 Things for Every Young Entrepreneur

Posted on the 24 February 2013 by Mihir23192 @mihir23192

how-to-do-itAs always, I spent my Sunday reading some stuff and stalking Facebook :P . But, Today I found something wonderful on Facebook NewsFeed from the Profile of the Founder of Alma Mater, Varun Agrawal. I think, It’s inspirational and must read for all those budding entrepreneurs. So have a wonderful read. It’s awesome.

 1) Don’t be an entrepreneur just for the heck of it. There’s no point in getting into a business that everyone else is already doing. Like the the guy who wanted to get into the soft drink business but then he invented the straw.

2) Don’t just start a company. Start a whole new industry. Remember Post-Its.

3) Never give up. The guy who started Victora’s Secret sold his company and jumped off a bridge before it became Victoria’s secret because he thought it would never be successful/

4) Don’t be afraid. Ron Wayne was so afraid of starting a new company that he backed out of his partnership contract. He is now living on his pension. Oh I forgot to mention, the contract was for Apple Inc.

5) Good artists copy, great artist steal. The entire Macintosh idea was stolen from Xerox. and then Microsoft copied it from Apple.

6) Sell yourself shamelessly. Branson is probably more popular than his own company – Virgin.

7) Be creative . Very creative. There’s this guy who took a circle, put a price tag on it , patented it and made billions. It was called the hoolahoop.

8) Dont wait. Jobs, Zuckeberg, Gates we’re all billionaires before they were 25. You dont wanna wait to be 35, with a wife and 2 kids and then start a company.

9) Improvise and move along with the times. Nokia started as a rubber product company. Apple now makes phones. And Microsoft, err, they’ll probably be getting into home appliances soon.

10) Print your business card with a dummy company name and CEO written below. Distribute this among all your friends. After 6 months you better start your company or you’ll be the laughing stock of the entire town. Micheal Dell did this when he was 16. One of you reading this must be probably working for him.

P.S : I wish there would be a story about this guy who started his own company after reading this note. . That could be you.

Source : Link


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