Important Lessons that Entrepreneurs Can Get from the Silicon Valley
In the Silicon Valley, we learn that entrepreneurs are not for sale. You know that you cannot tell your future, but you can determine it buys doing what is right which is not selling your information. Assuming that you are a software engineer with many offers in place on your skill.
In this case, you find that one of the buyers would like to take up the idea of a fee and the other one would offer a startup and get some benefits in return. This is one of the things that were deciding can be a hell of work. In the end, the poor software engineer decides to forgo one buyer not knowing what will happen with the deal. With this if you don’t have a proper plan on what to do with the money you may end up one of the poorest people around.
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. Also, you should also plan for several AdWords, campaigns ahead and include all this in your foundation 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. Do not always feel satisfied with whatever you are doing but learn to press on. It will not be easy for you in business if you cannot follow the right path as situation where you cannot even pay your bills.
Another thing that this story teaches us about entrepreneurs is that they should not give away their sauce. One thing that you should do as an entrepreneur is to steal people’s ideas but make sure yours are far from reach. This is because your secret can help someone to succeed as you fail on the other end. Developing trust in people is something that you should not easily do as your ideas and secrets should remain confidential. When you have more eyes on what you are doing the better as you will be able to identify any single thing that is going to mess you up. How does it feel when you see someone succeeding with your idea? Painful I guess.