ow.ly/nUqBb Entrepreneurship Won’t Make You Rich and Other Hard Truths You hear it all the time: The entrepreneurial community is extremely supportive. It’s like one big love fest, a giant hug, a place to make you feel warm and fuzzy inside. Yet, just because there’s a strong community offering a solid support system that doesn’t make the entrepreneurship road any easier. Very few people are going to define the downsides of being a founder. This is because your peers are experiencing the same fears and insecurities that are running through your head: Will my product work? Am I going to go bankrupt? Was this the right move? As a serial entrepreneur, I have been bombarded with all sorts of situations and have learned some valuable lessons about what it takes to succeed. Before you set out on your journey, here are five hard truths: 1. Nice is overrated, trust is key. Being nice is a trait that gets beaten into everyone. Angel investors will be kind during your first in-person meeting, potential hires will be pleasant during an interview and customers will be cordial until something goes wrong. You need to accept that being nice doesn’t always matter. Deals will go sour, employees will burn out and customers will leave. Instead of focusing on the nice factor, concentrate on who you can depend on. Build your business around trustworthy people who establish their value under pressure.
Posted on: Wed, 14 Aug 2013 05:29:06 +0000
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