Discussion in 'BlackHat Lounge' started by GSanders12, Aug 17, 2012.
What do you think is single handedly the most important thing to being an successful entrepreneur?
Never, EVER, cut corners. A little time savings now will cost you massively in the future. Perhaps in ways that a business cannot recover from. That, undeniable persistence, and also my signature quote.
A Great Idea..
I think that is the most important, along with equal amounts of hard work, dedication, persistence, patience, common sense etc..
Not giving up and building sustainable cashflows.
Persistence, and experience.
If anyone says luck... :breakpc1:
Haha your signature is so true.
Having brain and using it, thinking on your own about everything, not just blindly copying someone elses work.
Well..it does involve SOME luck. But it's really your hard work and dedication that puts you in the right place at the right time to get lucky.
Ideas followed up with execution
Focus and not giving up when shit his the fan.
Here's what i found over the years, developing a network for whatever niche your in meaning network with people and become a asset to them and hopefully they will become a asset to you, one thing I have found out helping others make money will eventually bring your a TON! of good fortune. I have partners who I have known on the internet for 2-5 years and we become such good friends whatever there involved in that's working and making money they always come to me and say hey dude I have something banking you want in, and the only reason they do this is because somewhere along the line when they needed me I helped them. NETWORK NETWORK NETWORK...your business and the money you earn will depend on who you know...not only that who knows YOU!
Yeah that sounds promising. Networking is king.
The harder you work the "luckier" you get lol.
Seems like the most successful ones are the ones who are outworking everyone else and going the extra mile every time.
Perseverance. Learn from success but also from failure. Don't quit!
Success in business is great support. Even if your product sucks, good support will still appease most customers. Great product and great support, you'll surely succeed.
Success as an (solo) entrepreneur is quality. Build it great and you'll have a long lasting product that doesn't require much support or updates.
What do you mean by good support though?
Knowing the business. The reason why most dont make it in IM is because they don't understand all the different parts to make it successful. If you aren't IT focused you may never succeed with many of the methods you read about in this room. You have to have a number of technical skills with most methods. Especially, the least saturated ones.
What ever you do make sure you understand the business enough to succeed in it. In other words, pick the right method for YOU.
Think through your idea. What is your product and why do people want it? Understand how it works and why customers will come. Understand your revenue model intimately. Test it by building a spreadsheet model which shows how your assumptions play out.
Everything everyone said about network is really important
Be diligent - and if you are a not "finisher" but more of an ideas person, get a partner who IS a finisher. Build a team - doing everything yourself will kill you.
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