Popular entrepreneur, venture capitalist, and blogger, Guy Kawasaki understands business. Guy is a managing director of Garage Technology Ventures, columnist for Entrepreneur Magazine, and author of eight books on innovative business.
A list of the five most important lessons I’ve learned as an entrepreneur:
1. Focus on cash flow. I understand the difference between cash flow and profitability, and I’m not recommending that you strive for a lack of profitability. But cash is what keeps the doors open and pays the bills.
2. Make a little progress every day. My theory is that you make a little bit of progress every day–whether that’s making your product slightly better, increasing your skill in one small way, or closing one more customer.
3. Try stuff. Luck favors the people who try stuff, not simply think and analyze.
4. Ignore schmexperts. Schmexperts are the totally bad combination of schmucks who are experts–or experts who are schmucks.
5. Never ask anyone to do something that you wouldn’t do.
Photo by blawgit.com.
Five Important Lessons I’ve Learned As An Entrepreneur
September 5, 2008 by Rich | 1 Comment
In Advice, Entrepreneurship, Strategy
cassy on September 10th, 2008 at 4:42 am
Thank you for sharing what you’ve learn as Entrepreneur, I actually copy and paste to my tagged profile on my bulletin as i have list of a friends who are into Entrepreneur.
Best of Luck!!