Are you dying? An entrepreneur’s life.

I get approached all the time by entrepreneur wannabe’s.  My first question – where is the blood?  Because you aren’t trying if you aren’t dying.

  • Dying because there are millions of decisions that you have to find, decide, implement, and learn from to grok your market, design specifications, and develop the minute details of the product that bears your name.
  • Dying amid insistent calls from your creditors, friends, and family as you squeeze money and time like water from a rock to enable you to survive yet another day.
  • Dying in spite of the continual volley of arrows in your face and your back of rejections as you promote your genius to anything with a heartbeat that crosses your path.

There is no reward without risk.  Real risk.  The kind that takes everything you have.  And then more.  That spills your blood from both a million cuts and a dozen gaping wounds.  That feels like dying.  And you gotta love that pain.  Either you’re in or you’re out. Which is it?

If you’re in, unless you’re already a well known serial entrepreneur, be prepared to Bootstrap. Entrepreneur Vivek Wadha lights your path while you’re slowly dying in Ditch the Biz Plan, Buy a Lottery Ticket.

His top tips:

  • Share your ideas with those who have done it before.
  • Find a way to connect with your market.
  • Start small.
  • Focus on revenue and profitability from the start.
  • Remember the importance of cash flow.
  • Think outside the box.
  • Learn to sell.
  • Prepare for the worst.
  • Never forget the importance of ethics and integrity.
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