At the Oklahoma Entrepreneurship Conference, a new feature was the Entrepreneur 360 panel. A group of startup experts offered insight and feedback to two actual start up founders.
I won’t get into the details of their businesses, but I will share a few thoughts that apply to any startup.
- Being an entrepreneur is like climbing a mountain. You get to the top and there is a another mountain, and another mountain.
- Investors don’t want to give you the answers. They want to know that you have the answers.
- Presentations about your startup need to include your TEAM, not just your product and market.
- Key startup question: Why are you and your team uniquely qualified to dominate this market?
- Investors do not invest in technology; They invest in the team that knows the technology.
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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.