What are Some of the Things that Silicon Valley Can Teach Us About Entrepreneurs
In the Silicon Valley, we learn that entrepreneurs are not for sale. Being that you are not able to predict your future it is better if you don’t rely on selling out your idea. Assuming that you are a software engineer with many offers in place on your skill.
One buyer would wish to but the idea for a given amount while the other buyer would like to give the engineer start-up amount of money. In this situation you may be stuck in a situation that you cannot decide exactly what you want. In the end, the poor software engineer decides to forgo one buyer not knowing what will happen with the deal. Proper knowledge is required in entrepreneurship is when you can manage the finances however much it is.
Also, it is also important that you do foundational work for starting your business. Before you could invest your ideas, products and services it is important that you do foundational work. This will include things like a business plan, registration, copyrights and many other things. Also, you should also plan for several AdWords, campaigns ahead and include all this in your foundation plan. This is important since when you do it correctly, you will realize that your backers and other investors will be blowing at your feet. The mistake that most people do is to think that entrepreneur is like fishing where you will just cast the line in the water and wait for fish the fish to catch it.
On the other hand, some people also think of it as high school where things just move on smoothly with the help of professionals. Do not always feel satisfied with whatever you are doing but learn to press on. With this, you will overcome many unfortunate things like being unable to support your business, pay your employees and many other things.
We also learn that you should not give away your sauce. Your secret is your weapon, and you should not give away what you have but instead learn from others. This is because your secret can help someone to succeed as you fail on the other end. Your secrets and moves should always be confidential, and you should not trust anyone with it. When you have more eyes on what you are doing the better as you will be able to identify any single thing that is going to mess you up. How does it feel when you see someone succeeding with your idea? Painful I guess.