Startup Advice for Entrepreneurs
These points may come across as basic, but these are the small points one should keep in mind when launching a startup;
1.Start by thinking small and extend your thinking from there. Small and simple thinking will allow you to concentrate on what is important
2.Higher good coders/technical people in every department 3.Financial reward is good, but aspiring entrepreneurs should first look out for opportunities where thy can learn. Allow employees to take on projects even if they don’t have the qualifications.
4.Don’t manage profit, but cash flow. Money in and money out should be the only two financial yardsticks that matter.
5.Perfection is the enemy of success (incase of startups). Speed is better than perfection.
6.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.
7.Start NOW. Don’t wait.