Startups are a bunch of fun, but they sure aren’t easy. Here’s advice that I follow by:
1. Recruit the best talent – As a founder or CEO you’ll spend most of your time recruiting and putting together your exec team. The first 10 employees will dictate company culture and be crucial to success. You’ll need to set expectations up front for everyone.
2. Have a revenue plan – I’m amazed at the number of startups that don’t have a solid or realistic revenue strategy.
8. Have fun! – Most likely your first startup is not going to be a home run, but keep at it and stay persistent. If you learn from your mistakes the chances of winning are a lot better in the future.
Especially if you are a technology entrepreneur, read the rest of Xue’s post, PixPulse Your Life for the other points he makes.
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Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.