Entrepreneur Checklist
Embarking on the journey towards entrepreneurship is exciting when envisioned in your mind but can be very daunting and demanding when actually materializing your ideas. Let me clearly state that being an entrepreneur is not for the faint of heart or those who are mentally weak. This career path will highlight your strengths and your weaknesses and will force you to focus intently on bettering yourself to find success. Are you tough enough mentally and emotionally? Are you prepared to work unbelievably hard and constantly keep a competitive mindset on how to better enhance yourself for success? This is what entrepreneurship demands of you on a continual basis. Make sure you are completely prepared and mindful of what awaits you as a hopeful entrepreneur.
Here are 6 personal tools needed to help assist you along your entrepreneurial journey.
Ambition
Just generating ideas in your mind about your success is not going to produce the desired results. You have to be willing to put in the necessary work and a little extra to get in the position you are seeking. When you speak to people about your business they should be able to feel the passion you have to see your ideas prosper. This demonstrates your ability to keep pushing towards your goals without hesitation until they are finally achieved.
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5 Reasons Why College Is the Best Time to Start a Business
I have only one regret about college: I should have started my business earlier.
If you’re in college and want to start a business, you may be like I was and just tell yourself to wait until you graduate.
It may look like it’s easier, but trust me: there is no better time to start your business than while still in college.
Here are 5 reasons why.
1. Free Time
Ok, yes, I understand you have a full schedule of classes and lots of homework and extracurricular activities like excessive partying, but when you’re in college, you have far fewer responsibilities than when you graduate.
As such, you have the ability to control your schedule. You can move your class schedules around, or maybe even decide to take a night off from partying.
And don’t forget about your summer breaks.
Right now, you have far more free time than you’ll have again in your life.
2. Free Resources
You may not realize it, but your school’s library is a gold mind of information for an entrepreneur. Not only can you find almost every business book ever published, but you have completely free access to electronic databases that cost over $10,000 a month.
These databases give you access to information that can help you plan your business, such as industry and market research. Click here to read more »
Business Book: Little Bets by Peter Sims
Little Bets describes a set of simple yet often counterintuitive experimental methods to explore and develop new ideas, in work and life…
What is a “little bet”?
Little bets are a way to explore and develop new possibilities. Specifically, a little bet is a low-risk action taken to discover, develop, and test an idea. Chris Rock develops new comedy routines by making little bets with small audiences; Amazon’s CEO Jeff Bezos makes small bets to identify opportunities in new markets like cloud computing. Little bets are at the center of an approach to get to the right idea without getting stymied by perfectionism, risk-aversion, or excessive planning.
How is this approach different from and better than the typical way most people do something new?
We’re taught from an early age to use certain procedures and rules to analyze and solve problems, such as for math or chemistry. There’s an emphasis on minimizing errors and avoiding failure. These skills serve us extremely well when we have enough information to put into a formula or plan. But what happens when we don’t even know what problems we’re trying to solve? In those kinds of situations, engaging in a process of discovery and making little bets complements more linear, procedural thinking.
Venture Capital Finder’s Fee Agreement
The Venture Capital Finder’s Fee Agreement is used by individuals or entities who agree to pay consultants a fee to locate venture capital investors. The Venture Capital Finder’s Fee Agreement provides the terms and conditions for compensating the consultant, usually based on a percentage of the investment made by the client.
Via inc.com
VENTURE CAPITAL FINDER ‘ S FEE AGREEMENT –