Too many entrepreneurs I know still believe that that their great idea will carry the startup, and they may even minimize their own value, especially if they have introvert tendencies.
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Starting a business is hard work and while business plans, product development and marketing are crucial, neglecting accounting needs can be fatal.
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The greatest advantage of building a tech startup is that, as long as you’re working with people who can code or who know way more than their basics in tech, you can most often build your product with your own equipment.
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When the economy is in flux and everyone is scrambling to adjust to an unexpected new situation, you need to question your assumptions about how businesses should operate. When so much is changing, the same rules do not apply.
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It is highly recommended in the traditional business world to write a business plan. It is extremely important for you to put your thoughts to paper, but a business plan isn’t necessarily required.
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During my studies at NYU Stern, I had the pleasure of meeting and personally working with Steve Blanks – serial entrepreneur with three billion dollar exits – through his Lean Startup Program to learn his customer development methodology.
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Being a successful entrepreneur not only requires the proper planning and execution of an idea, but the tools and resources to make that happen. Here are some of my commonly used tools, and why.
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