Hi! I'm Dane Carlson, and welcome to the Business Opportunities Weblog. I've been publishing this website, by myself, and sometimes with the help of others for over twelve years now. You'll notice two things about this site right away:
Are you young and enterprising? Get ready to crash and burn.
Every entrepreneur will fail at some point, says start-up investor Alex Taussig. But those under 30 tend to fail in ways that are “wholly unnecessary,” he writes in Fortune, ratting off a list of “15 mistakes young entrepreneurs make but don’t have to.”
Among the youthful foibles: being trapped in the “college bubble,” paying for things that could be free, making up stuff instead of saying “I don’t know,” and not telling a good story.
Here’s 11 more:
#14: You have no prototype. Or you do, but your users are irrelevant.
#13: You didn’t research the competition.
#12: You haven’t talked to customers.
#11: Your customer acquisition strategy is not repeatable.
#9: You didn’t practice your pitch.
#7: You know nothing about the investors across the table.
#5: You seek confirming, not disconfirming evidence.
#4: You pick advisors who are easily accessible, not particularly relevant.
#3: You hire for short-term needs, not long-term fit.
#2: You treat fundraising like an end, not a means.
#1: You do more than one business plan competition.
Photo by mjamesno.