What are Some of the Things that Silicon Valley Can Teach Us About Entrepreneurs
In the Silicon Valley, we learn that entrepreneurs are not for sale. Being that you are not able to predict your future it is better if you don’t rely on selling out your idea. For instance, there is a young software engineer that is driving people crazy with this idea as most of the people to want to buy it.
One buyer would wish to but the idea for a given amount while the other buyer would like to give the engineer start-up amount of money. In this situation you may be stuck in a situation that you cannot decide exactly what you want. But you find the software engineer decides to forgo buying the idea and choose a startup. This is some of the things that can make you poor if you don’t know how to go about it.
Apart from that, an entrepreneur should do the foundational work of starting your business. Before you could invest your ideas, products and services it is important that you do foundational work. To be on the safe side you should organize for registrations, copyrights and many other fundamentals. You should also plan several AdWords campaigns and incorporate all these plans into your overall business plan. One thing with this is that if you line it up correctly, your backers and investors will blow at your feet. The mistake that most people do is to think that entrepreneur is like fishing where you will just cast the line in the water and wait for fish the fish to catch it.
Other people also think of it as set up with professionals like schools. Some of the mistakes that people do is like thinking that their products and services are enough and they have done their best. With this, you will overcome many unfortunate things like being unable to support your business, pay your employees and many other things.
We also learn that you should not give away your sauce. One thing that you should do as an entrepreneur is to steal people’s ideas but make sure yours are far from reach. Why do we say that because your secret can be used by others to overpower you in business making you fail as they become successful. Your secrets and moves should always be confidential, and you should not trust anyone with it. One thing that I know is that you will be safer if you set up strategies and put focus in monitoring your secrets. The worst experience is seeing an opportunity that you missed like one person becoming successful with your ideas.