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a LOT of entrepreneurs do stuff that minimizes their chances Could you please give some examples of what you're referring to?
by rmorrison 16y ago
a LOT of entrepreneurs do stuff that minimizes their chances
Could you please give some examples of what you're referring to?
- billswift 16y agoI'm not sure what he is referring to, but I would suggest narrowing your focus too much to make use of unanticipated opportunities (or even notice them, if you're narrow enough). As PG has repeatedly written, many successful startups end up changing direction at least once before they get a successful product.
- joshu 16y agoThis too.
- joshu 16y agoTerrible communication. Story-based reasoning. Lack of planning. Betting on low-odds outcomes, etc. Not being persistent. Being too persistent. Being distracted. List goes on and on and on.
- rmorrison 16y agoStory-based reasoning. I find it easy to get wrapped up in this as an entrepreneur, and it took me a lot of time and energy to fight this inclination. Basically, it's so easy to visualize mass adoption of your product and how your customers are going to benefit, you end up drinking your own Kool-Aid. Then, when trying to explain your product you get caught up and end up doing a poor job selling it to potential customers. I think the best way to get over this this is to really listen to what the customers are saying. What works for them, what doesn't work for them, and then address these points. This means at times ignoring your visions and focusing on reality.