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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. Assuming that you are a software engineer with many offers in place on your skill.
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. This is one of the things that were deciding can be a hell of work. But you find the software engineer decides to forgo buying the idea and choose a startup. 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. This will include things like a business plan, registration, copyrights and many other things. Your foundation plan should also include several AdWords, campaigns ahead and many other inclusions as well. This is important since when you do it correctly, you will realize that your backers and other investors will be blowing at your feet. Entrepreneurship is not as simple as some people may mistake it for fishing where you will just cast the net in the water and wait for fish to catch it.
You should also not take entrepreneurship as the school. It is important that you get out of your comfort zone and work harder. With this, you will overcome many unfortunate things like being unable to support your business, pay your employees and many other things.
Another thing that this story teaches us about entrepreneurs is that they should not give away their sauce. Your secret is your weapon, and you should not give away what you have but instead learn from others. This is because your secret can help someone to succeed as you fail on the other end. You should not trust any single person with your ideas and all you do to succeed should always be confidential. One thing that I know is that you will be safer if you set up strategies and put focus in monitoring your secrets. How does it feel when you see someone succeeding with your idea? Painful I guess.
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