Sunday, October 12, 2014

Notes on Startups

I studied plenty of startups. Watched lots of Shark Tank, Dragon's Den, The Profit and read the Shark Tank startup book . I have compiled some notes on the topic. 

  1. If you fail, get up and try again 
    • Stop feeling bad for yourself
  2. Start-ups will take all of your time and money
    • Make sure your idea is worth investing your efforts
  3. Nothing good ever comes easy 
    • The wealthy entrepreneurs that you see have worked a lot more than you think
  4. In a failing economy, it is only harder to start a business 
  5. You need to put more effort to get out more
  6. Working for someone else means that you receive a salary, you are restricted to that amount. 
  7. If you want to be wealthy, you should work for yourself. 
  8. It's clearly not easy to succeed in a world of internet startups 
    1. Don't make a startup for the hell of it. 
      1. Make sure the market has a need for your product
  9. Hire someone who you will be willing to work under

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