All in Entrepreneurship

Three types of decisions you'll make as an entrepreneur

There are three types of decisions that you will ever make - good decisions, bad decisions and a third category of the worst kind, no-decisions. In this last category are those ideas that you deliberate on for eons but never take any action on. In it lie those reasons you look for not starting up, such as the right business model or funding. But, make a decision and you will see that the startup ball magically moves forward.

Why and what matter more than how

When brainstorming a business or product idea with people, I find them quickly jumping to execution concerns - “how will we get the money” or “I don’t know how to build that” or “no one else does that” or “that won’t work” and so on. What we don’t realize is that our minds tend to imagine the future with a present-day context. But the present always seems to change faster than it did in the past.

Do it with a sense of humor

We entrepreneurs don’t earn much respect when we say that we built something for fun. Saving the world of its evils always sounds better. As he says in his autobiography, Richard Branson even got flak for saying that he wanted to start Virgin Atlantic for fun. But any longterm entrepreneur would tell you that having fun is serious business.