Essential Tips for Entrepreneurs

Tips for EntrepreneursA collection of essential tips from the Jumpstart podcast.

Planning jumpstartfoundry.com

Don’t wing it.You need to put your whole concept and business plan on paper.If you don’t commit it to paper, you will never force important questions.

It will take you twice as long as you say it will.It will cost you twice as much as you say it will.It will achieve half of what you think it will do.If you can apply this, you have something.

Don’t assume people will buy. Solve a problem first.

Establish a culture and a climate.

Just get started. Quit waiting around.

Try to track everything.You don’t know what works unless you’re tracking the success or failure of it.

Understand the end game.

Have a lot of experiencein the industrythat your startup is in.

Finance jumpstartfoundry.com

Marry yourself to a very good financial person.

Always spend your own money,before you pitch to raise money too.

Sales should alwaysbe pushed to sell outsideof their hometown.

Make sure potential investors have the same vision that you do.

Finance Make more money then you spent. If you’re spending someone else’s money, try to make more money than they are spending.

If you’re bad with numbers, find anumbers person that you trust.

Save $.20 on every dollar, so it’s set aside for taxes.It is also a great savings plan.

Don’t spend tons of money until Planningyou have nailed your productmarket fit.

People jumpstartfoundry.com

Never stop networking.

Build out yourpeer and mentornetwork.

Be the dumbest guy in the room.Surround yourselfwith super smart people.

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Hire the right people. Partner with the right people.You don’t always have to hire right out of the gate.Make sure they compliment what it is that you do.

Hire people who are smarter than you.

Surround yourself with passionate people.

Find mentors.Build your network with people who have been where you want to go.

Personal jumpstartfoundry.com

Be creative, stay positiveand keep moving forward.Have a strong willingnessto be uncomfortable.

Stay healthy.Make it as important as your big meetings.

Are you focusing on entrepreneurshipor independence? Know the answer.

Be the founder.Embrace it and enjoy it.It’s a title people can’t takeaway from you.

Bet on yourself.

Listento the wisdom Visit: www.jumpstartpodcast.com to hear our recent interview with Seth Godin and to subscribe, so you never miss a show. jumpstartfoundry.com

Tips & PhotosThese tips were collected from episodes 1 - 11 of Jumpstart.Tips provided by guests: Dan Hammond, Nick Holland, Rajeev Gupta, Neely Burks, Drew Fassett, Jackson Miller, Robert Hendrick,Chris Blanz, Marcus Whitney, Mark Montgomery, and Rex Hammock.To hear their full interviews please visit www.jumpstartpodcast.com. Thanks.Creative Commons photos from Flickr by:Slide 3: http://www.flickr.com/photos/simplerich/5462330040/sizes/l/in/photostream/Slide 4: http://www.flickr.com/photos/presley_m/5152304885/sizes/l/in/photostream/Slide 6: http://www.flickr.com/photos/halans/3708510762/sizes/l/in/photostream/Slide 7: http://www.flickr.com/photos/curtisnewton/4089464649/sizes/o/in/photostream/Slide 8: http://www.flickr.com/photos/pejrm/1843433922/sizes/o/in/photostream/Slide 9: http://www.flickr.com/photos/deltamike/3911847626/sizes/l/in/photostream/Slide 10: http://www.flickr.com/photos/wiertz/3600682272/sizes/l/in/photostream/Slide 12: http://www.flickr.com/photos/youssefabdelaal/3403676421/sizes/l/in/photostream/Slide 13: http://www.flickr.com/photos/gilmoth/4307701690/sizes/l/in/photostream/Slide 14: http://www.flickr.com/photos/judybaxter/77055760/sizes/l/in/photostream/Slide 15: http://www.flickr.com/photos/buriednexttoyou/2844264100/sizes/l/in/photostream/Slide 16: http://www.flickr.com/photos/coda/2740581315/sizes/o/in/photostream/Slide 17: http://www.flickr.com/photos/jarkkos/250725568/sizes/o/in/photostream/Slide 18: http://www.flickr.com/photos/herzogbr/3874675249/sizes/l/in/photostream/Slide 19: http://www.flickr.com/photos/hynkle/4535752063/sizes/l/in/photostream/Slide 21: http://www.flickr.com/photos/micadox/4013857782/sizes/l/in/photostream/Slide 22: http://www.flickr.com/photos/mburpee/5399242443/sizes/o/in/photostream/Slide 23: http://www.roseanneworld.com/blog/alfred-e-newman.gifSlide 24: http://www.flickr.com/photos/raster/3563135804/sizes/l/in/photostream/Slide 25: http://blog.online.allenschool.edu/wp-content/uploads/2011/03/hiring_1.jpgSlide 26: http://calnewport.com/blog/wp-content/uploads/2007/10/einstein.jpgSlide 29: http://www.flickr.com/photos/manu_le_manu/226483244/sizes/z/in/photostream/Slide 30: http://www.flickr.com/photos/azriadnan/1818302534/sizes/l/in/photostream/Slide 31: http://ibloggr.com/wp-content/uploads/2011/04/questions-answer-sites-like-yahoo-answer.jpgSlide 32: http://www.dailygalaxy.com/photos/uncategorized/2008/03/03/jobs_and_wozniak_1975_2.jpgSlide 33 http://pokerstockphotos.com/wp-content/uploads/2009/04/chip-shuffle.jpg jumpstartfoundry.com

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Essential Tips for Entrepreneurs

by Jumpstart Foundry on Jun 23, 2011

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