borisfowler

It is only painful because the inventing entrepreneur thinks the invention is the be all, end all. The best technology accepts that it will have flaws and take time to penetrate the market.

In order to get funding, you need much more than a revenue stream. You need to show the investors that you have carefully built your business to withstand any challenges that face you. Sales is important, but if you are surrounded with the wrong people then you won't go anywhere.

Social media marketing and being so close to everyone during the day because of the internet makes it really easy to stay connected and feel local.

You might these surprising. Motivation is a tricky issue.

If you see these, it means it might be time to change something. Do the right thing and find someone to replace you.

Now that we have experienced the downside of business over the past few years and have come back from it, it is time to understand that even though we were forced to innovated and adapt to the changing market, we now have to continue these practices in order to keep succeeding.

Consumers have been changed forever and now we need to respect that and change our mindsets.

These are very creative ways to fund a business. Angel investments and venture capital is not always the best way to go because it is hard to get funding here. However, a little creativity can go a long way.

Long term planning is important and I bet most people do not take this into account when they go through their startup phase.

Time management and personal discipline are some of the best traits entrepreneurs can have. Being able to control yourself and work diligently and prudently are important for business leaders to execute.

Great points to discuss here. Why not hire someone who is entrepreneurial minded who will take accountability for making sure something happens the way it is supposed to?

I think hiring the right people is the best way to help a business succeed.

I did that just the other day, and will probably do it again soon. I just get fed up with all the garbage tweets that I see. It is nice to see something personal every once in a while from someone you follow, but more often than not, I am looking for value that will either 1) help me do my job better or 2) teach me something I didn't know about something I care about.

You cannot create a culture, only the environment necessary for the culture to thrive in. It is up to a leader to make this environment possible so as to attract the highest quality employees.

Imitating your industry leaders is a great way to position yourself among the smaller competition you face in your market.

Tech companies can follow Apple or Google's example even though they may not have to same resources they do, but everyone can set aside an hour a day to spend working on their own projects.

Every business can make their experience more enjoyable for their customers by adding TV's or games of some kind while people wait.

The point is, if you see someone doing something that is working for them, why wouldn't you do it too?

Why wouldn't you want to hire an entrepreneur? They have such a good outlook and they have a good balance of prudence and risk taking.

Younger entrepreneurs tend to be higher risk takers because they have less to lose, so I see it as an advantage having them on a team.

Unless you have a business model, it seems pretty pointless to start a business. Isn't the point to make money?

Part of running a business is making money and I think a good way of doing that is by making sure you have a competitive advantage over your competition. Even better would be if it is a sustainable advantage. Sometimes, it can be as easy as changing some wording in your business plan, or other times it requires innovation. However you look at it, it will beneficial to you.

Definitely true: creating an environment where a culture can be created is a huge part of being successful and recruiting great employees.

Sometimes you just have to say no. Being open to ideas is great, but it can shift your focus. Make sure you have your priorities in line before you start taking on more projects.