Entrepreneurship 03 (Sep 15 - Dec 27)

[winston]

5 Things a Start-Up Business Needs to Know

By Nakul Mandan

#1: Why now? To me, this is the most important question to answer in any investment thesis. Market timing is everything. Why should this idea succeed in a big way now?

#2: How are you different from all of the other products in your category?

#3: What's your specific marketplace?

#4: Is your buyer already looking for your solution... or do you have to convince him it's needed?

#5: What's your long term moat?

Source: Medium

https://medium.com/lightspeed-venture-p ... .hsbxejfs2

[winston]

Three easy ways to turn your free time into extra money

by Bob Irish

Source: Palm Beach Research Group

http://thecrux.com/three-easy-ways-to-t ... tra-money/

[winston]

The 10 Most Powerful Beliefs of Passionate Entrepeneurs

By Jonathan Mead

Source: Paid To Exist

http://www.mindpowernews.com/EntrepreneurBeliefs.html

[winston]

The 7 Greatest Books To Create Your Life Of Freedom

By Jonathan Mead

Source: Paid To Exist

http://www.mindpowernews.com/FreedomBooks.html

[winston]

4 Questions for Your Business

By Mark Ford

To determine the optimum selling strategy for your business, you need to answer four questions:
1. Where are you going to find your customers?
2. What product will you sell them first?
3. How much will you charge for it?
4. How will you convince them to buy it?

Four answers to four questions — very simple, or so it seems.

There is a catch, though: You need to answer all four, not just some of them...

Source: ETR

[winston]

What are the most important things for entrepreneurs to know about wealth building?

by Mark Ford

Here is a short list:
1. You will never get rich chasing the next hot opportunity. Understand the larger business trends. Discover how wealth builders of the past have profited from them. And do the same with your time and money.

2. All businesses develop in much the same way. They go through stages, each one of which has its own problems, challenges, and opportunities. To take your business from one level to the next, you must learn what these problems, challenges, and opportunities are and take advantage of them.

3. Never invest in a business or an industry that you don’t understand. It doesn’t matter how great the opportunity seems. If you don’t know the market well, you will inevitably make bad and costly decisions.

Take this five-question test to judge your knowledge:
1. What is the single most important rule in acquiring great wealth?
2. What ROI do you need every year to acquire the net worth you are seeking?
3. What sort of enterprises will give you that ROI?
4. What is the optimal selling strategy for the most successful business in your industry?
5. What is the allowable acquisition cost for your business?

Source: ETR

[behappyalways]

How a razor revolutionised the way we pay for stuff
http://www.bbc.com/news/business-39132802

[winston]

“There’s lots of bad reasons to start a company. But there’s only one good, legitimate reason, and I think you know what it is: it’s to change the world.”

- Phil Libin

[winston]

"Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth."

- Peter Drucker

[winston]

"Past success is no guarantee of future success, so I have learned to be an entrepreneur.

I began to produce and direct my own projects."

- Ian Ziering