Tuesday, March 26, 2013

Educationally "Fund" Your Startup


Learn first, then startup.  Mitigate the risk of being another failed startup with these proven educational resources.  

40 Hour Work Weeks
Getting out in the marketplace and running a part or whole of some ones else's business gives you "training wheels" in preparation for your own business.  Established businesses or franchises have (or have had) some level of success on which they have built sound business processes. Learn what makes these good and great by practicing their success models. Billion dollar newbies maybe an iconic wonder in the startup world, but customers, employees, and investors want a seasoned hand at the wheel.

Relationships
Your buddies', brother-in-law's, and colleagues' mistakes make more than just bro talk over some beers.  They will educate you on what they did right, what they did wrong, and where the decision point was that made all the difference (good or bad). Buy him another round, its worth the investment in your business.

B-School
Pay a lot of money to go to a business school?  These are often hit or miss.  Graduates may be out of touch with real people and real business practices or get the check in the box with little else to show for it.  However, the top tier business schools can take an above average person (like you and me) and place them in the right network to effectively use his or her newly purchased business vocabulary and elevate them to success.  You paid for the clout, use it!

"In the startup world, you're either a genius or an idiot. You're never just an ordinary guy trying to get through the day."

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