“TIMING, PERSEVERANCE, AND TEN YEARS OF TRYING WILL EVENTUALLY MAKE YOU LOOK LIKE AN OVERNIGHT SUCCESS.” +BIZ STONE CO-FOUNDER, TWITTER
Transcript
“TIMING, PERSEVERANCE, AND TEN YEARS OF TRYING WILL EVENTUALLY MAKE YOU LOOK LIKE AN OVERNIGHT SUCCESS.”
+BIZ STONE
CO-FOUNDER, TWITTER
20 Lessons FROM
Month 12
1. Know The WHOLE Business
Count Off 1-10
Everybody raise your hand
If you’re not lucky #7… please drop your hand
9 out of 10 Startups Fail
“IDEAS ARE EASY. IMPLEMENTATION IS HARD.”
+ GUY KAWASKI
FOUNDER, ALLTOP
2. It’s NOT About The Money
There aren’t parachutes in startups.
Passion > Profits
“CHASE THE VISION, NOT THE MONEY, THE MONEY WILL END UP FOLLOWING YOU.”
+ TONY HEISH
CEO, ZAPPOS
3. Define Your Market
You can’t please everyone.
You are not all things to all
people.
“WHAT’S WINNING? WHERE AM I GOING TO PLAY TO WIN? HOW AM I GOING TO WIN WHERE I PLAY? WHERE ARE MY CORE COMPETENCIES THAT WILL ENABLE ME TO WIN WHERE I PLAY? WHAT SYSTEMS + MEASURES ARE GOING TO HELP ME EXECUTE MY STRATEGIES?”
+ A.G. LAFLEY
CEO, P&G
4. Don’t go it alone
Piggybacking
5. Money isn’t power. Networks are power.
“that guy”
6. Define Your Marketing Budget
5, 10, 15
7. Rowing the Boat
Know Your Weaknesses
Life in the Cloud
8. Pareto Principle
Time Vacuums
9. Get a Board
Powered by Dog Food
10. Be Ready to Burn the Business Plan
Psychic Powers
“ENTREPRENEURIAL BUSINESS FAVOURS THE OPEN MIND. IT FAVOURS PEOPLE WHOSE OPTIMISM DRIVES THEM TO PREPARE FOR MANY POSSIBLE FUTURES, PRETTY MUCH PURELY FOR THE JOY OF DOING SO.”
+ RICHARD BRANSON
CEO, VIRGIN
11. There is No Such Thing as Business as Usual
Getting Knocked Out
12. Emotionless Decision Making
Red Pill or Blue Pill?
“YOUR WORK IS GOING TO FILL A LARGE PART OF YOUR LIFE AND THE ONLY WAY TO BE TRULY SATISFIED IS TO DO WHAT YOU BELIEVE IS GREAT WORK. AND THE ONLY WAY TO DO GREAT WORK IS TO LOVE WHAT YOU DO.”
+ STEVE JOBS
CEO, APPLE
13. Right Size
How far are you willing to
grow?
14. Earnings Report = Autopsy Report
What You’ve Done Isn’t as Important as What You Have Yet
To Do.
15. You Aren’t The Business
Spending vs. Investing
[insert awful stock image here]
16. Hard Decisions Are Always Hard
Hard Decisions Don’t Get Easier
17. Make Money While You Sleep
18. Let Good People Do Good Work
19. Read EVERY Damn Day
20. Always Keep a Bottle of Bourbon
“THE WAY TO GET STARTED IS TO STOP TALKING ABOUT IT AND START DOING IT.”