8 Steps For

Successful Entrepreneur

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ISOLATE YOUR FOCUS

The startup story has four main parts. These are what investors and supporters want to see. The process: a) Isolate one problem that exists

that has not been successfully solved,

b)Create solution, c)Formulate an execution strategy, d)Determine it’s value and potential.

Take your time to find the best team possible. Recognize your strengths and weakness. If you play to your strengths and find supplemental talent to round out your team, everyone wins.

A-TEAM

 A synonym for “baker’s dozen,” is “devil’s dozen” — a phrase that arose from 13th century bakers hedging the potential of accidentally short-changing clients, which would result in their hands chopped off by an axe. Thankfully, like technology, “digital execution” has evolved over time. Keep a do list and limit it to twelve or so. It feels good to have tangible evidence of productivity.

DON’T CROSS THE BAKER’S DOZEN

 Failing on a daily basis is part of the startup territory. It is imperative that you control your emotions and not displace your anger on your colleagues. Mistakes can feel like a crowbar to the shin and as the leader it is your duty to coach others through keeping their mistakes in perspective.

LET FAILURES FUEL YOU

The President of an investment bank has to answer to his or her Board, shareholders and high-net-worth clients. So regardless of one’s “CEO and founder” status; maintain humility, treat people kindly and manage wisely — both up and down. The way you treat others sets the tone for your entire company. 

EVERYONE HAS A BOSS, NEVER

FORGET

Working from your home can be purgatory — it blurs the line between work and play and hinders productivity. If you don’t have office space there are alternatives: shared office space or desk-for-a-day rental services.

DON’T CODEWHERE YOU COOK

Find people with similar missions. The company you keep will drive your venture forward and you’ll enjoy the journey every step of the way.

BRING PASSION

Since you are not making money until your venture succeeds, you have a 24/7 job. However, make sure you close your overheated laptop every now and again, hit the gym, laugh with friends in person, and return to technology with fresh motivation.

REBOOT YOUR MIND,BODY, AND LAPTOP