Saturday, February 1, 2014

Things Every Entrepreneur Must Know

Summary of post from Forbes.com
By Paul B. Brown 9/22/2013

Things Every Entrepreneur Must Know

1.The best way to predict the future is to create it.
2.If you want to become a successful entrepreneur, there is no such thing as work-life balance.
3.The best entrepreneurs do not come up with great ideas, they solve market needs.
4. The one thing all successful entrepreneurs have in common is the desire to make their ideas a reality.What     entrepreneurs need most of all, above motivation, focus, financing, and marketing is the will to bring their        idea into existence.
5. Action trumps everything, so stop thinking about it and just do it.
6. Forget about working on your weakness, play to your strengths. This is what will make you successful in       the long run.
7. You need to be able to turn every obstacle into an asset; Yes every single one.
8. Here's the only market research you need; Get your product out in the marketplace and see if it sells.
9. Unpopular products will remain so; If the customer does not like the product, there is not much you can         do about it with pricing, promotion, or positioning.
10. If you are going to fail and sometimes you will fail quickly and cheaply. Always take small steps towards       your goal and pause after each one to make sure you are on the right track.

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