A Year of Entrepreneurship

January 11, 2012  |  0 comments

Entrepreneurship isn’t without risk.  Apply all the learning moments from 2011 to make your entrepreneurial spirit and business flourish in 2012.  The focus could be on keeping better records, staying focused on executing ideas or taking the time to mentally relax (chances are you’ll be more productive). 

If you’ve long forgotten those resolutions made a mere 11 days ago use this as a time to give pause.  A number of people are ready to help.

Get 5 New Year’s Resolutions for Aspiring Entrepreneurs from the Young Entrepreneur Council and, serial entrepreneur, Tom Navarro.  Execution is the focus from start to finish. 

·         “Ideate” and find a solution for an unmet need.

·         Get moving.  There’s no time to waste on paralysis if your idea is worth pursing.

·         “Start Making” and getting feedback.  Most ideas are worth sharing with others.

·         Be judicious. Analyze the business potential and apply feedback before spending the big bucks.

·         Have the resolve to take the hits and overcome your obstacles.

Dig deeper into The Best and Worst Startup Stuff in 2011 from Ty Danco, a startup mentor, and OnStartups.com.  To summarize his list: soak it all up.  Read and listen.  Books, podcasts, blogs are sources of insight and inspiration.

·         The go to book for startups is Mastering the VC Game by Jeff Bussgang.  However, there are a number of runners-up worth checking out.

·         Both Sides of the Table is Danco’s best startup blog and For Entrepreneurs is a solid runner-up.

If the entrepreneurial spirit is blazing, check out Mark Cuban’s 12 Rules for Startups from Entrepreneur.com.  Cuban writes his rules are for more than just company founders, “but for those who are considering going to work for them.”

·         Love and obsess about your company, otherwise don’t bother.

·         Pay for people with core competencies and find a culture fit with outside vendors that fill other roles.

·         Keep the technology simple. Let employees use what they already know.

·         Keep the laughs coming and make it so employees have fun.

What’s your favorite startup blog or idea to make 2012 the most entrepreneurial year?

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