Getting To The Point – Advisors
What are Some of the Things that Silicon Valley Can Teach Us About Entrepreneurs
In the Silicon Valley, we learn that entrepreneurs are not for sale. You know that you cannot tell your future, but you can determine it buys doing what is right which is not selling your information. For instance, there is a young software engineer that is driving people crazy with this idea as most of the people to want to buy it.
In this case, you find that one of the buyers would like to take up the idea of a fee and the other one would offer a startup and get some benefits in return. At that point, you may not see what is right as every deal will seem lucrative for you. In the end, the poor software engineer decides to forgo one buyer not knowing what will happen with the deal. With this if you don’t have a proper plan on what to do with the money you may end up one of the poorest people around.
Another lesson is that you should do foundational work before starting your business. This is something that should be done before you go full steam with your ideas, products, and service. This will include things like a business plan, registration, copyrights and many other things. You should also plan several AdWords campaigns and incorporate all these plans into your overall business plan. As a result, you will be in a position to win the interests of your backers and many other investors as well. Entrepreneurship is not as simple as some people may mistake it for fishing where you will just cast the net in the water and wait for fish to catch it.
On the other hand, some people also think of it as high school where things just move on smoothly with the help of professionals. Some of the mistakes that people do is like thinking that their products and services are enough and they have done their best. It will not be easy for you in business if you cannot follow the right path as situation where you cannot even pay your bills.
We also learn that you should not give away your sauce. Your secret is your weapon, and you should not give away what you have but instead learn from others. Why do we say that because your secret can be used by others to overpower you in business making you fail as they become successful. Developing trust in people is something that you should not easily do as your ideas and secrets should remain confidential. One thing that I know is that you will be safer if you set up strategies and put focus in monitoring your secrets. It will feel bad if someone is living your life by enhancing your little secret into something bigger than you can imagine.