Rules for entrepreneurs - Part II

Filed in archive Entrepreneurship on July 28, 2005

The first part of my rules for entrepreneurs showed some reasonable interest and brought some wonderful backlinks from:

- Business Opportunities- Eirepreneur- assorted sweetsThanks a lot!

And here we go with Part II of the rules - hope you find some helpful thoughts reflected in it even if Seth Godin has the much better prosa:

9) In meeting other people be decent and humble. Realize that trust needs many meetings and passion.

10) Watch out for business models that fit your lifestyle - this will help you going through the hard times much easier.

11) Watch out what gets investments and streamline your idea. But nerver go for an idea because it is favorable of investors - chances are that by the time your team an prototype is in place you are already too late.

12) The old rule - stick with your idea even if people shake heads about it. Consider it as a competitive advantage (less copycats) and not as a problem.

13) When paying attention to Rules No. 12 make sure you know when you have to pull the trigger for saying your idea/ venture good bye. Have some guidelines before you start and stick to it or you will suffer.

14) Don't follow stupid rules - each startup and every person is different. So develop your own rules through experience (often failure!) and you will be better off...