You have only 24 hours a day minus 10 to sleep, eat and recharge makes it 14 hours. I assume you are tackling a large market and want to conquer the world. I also assume you want to have about 30% market share of whatever billion dollar market with roughly 20 Million potential customers. This […]
The single best resource you as a founder can – and really really should – look for, is a co-founder. 1) Solopreneurs have the least success rates of all founders 2) A stellar business focused generalist will always be at best a mediocre product creator 3) The most talented developer is probably the least likely CEO […]
Forget it, passion is for pussycats. You need to be obsessed. You heard all that many times. But what does it actually mean? What constitutes such a great founders team? Team means team. A founders team is not one founder with a few people joining him or her somehow but multiple founders with more […]
You have a new business idea. You are so excited that it quickly becomes your best-kept secret. You get almost paranoid about somebody stealing this great concept that apparently nobody else figured out yet. Now – one day you have to share the secret, when you hire somebody to help you build the product when […]
This post was inspired by a question on Quora “What are the most common mistakes first time entrepreneurs make?”. If seen these mistakes over and over again: Trying to be the nice guy – instead selfishly execute your vision because nobody will if not you. Being fearful, avoiding risks – instead stand up and be bold […]
Try to MAKE money before you TAKE money I was recently asked what ways I’d know how to get money to start a company before you really raise money. Except donations, I successfully tried all of them myself. There is a huge value in getting money from other sources than institutional investors in the first […]
I was ask what to do to motivate yourself to work harder. I was wondering why on earth you want to work hard. But obviously that is what most people tell others on their quest to success. When I was 28, somebody told me a bout Confucius’ saying: “Seek an activity you wholeheartedly love and […]