Entrepreneurs keep moving

Startups are like sharks. If a shark stops moving, it can’t breathe. If it can’t breathe, it dies.The same for startups.If you stop moving, you die.Starting a business is a frantic scramble to make money and pay the bills. Try this, try that, meet him, meet her, seemingly endless rabbit holes.It can be disheartening. Sometimes you…

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Entrepreneurs chase money AND passion

The life of an entrepreneur is uncertain.Even if you follow every tip from every legendary entrepreneur, you can still fail.If the urge to be an entrepreneur strikes you, remember this: Whatever you do, don’t make money the sole goal. Make sure you love what you do.Chase money and passion.That way it doesn’t matter whether you succeed…

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Entrepreneurs keep their promises

In business, trust is everything. Without trust you can’t raise money, sell product, find partners, or hire people.Trust is the glue of business. You need it or it will all fall apart.The surest way to lose trust is to break your promises.You must keep your promises.The easiest way to keep promises is to underpromise. That way…

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Entrepreneurs go down the rabbit hole

Raymond Ackerman, founder of Pick n Pay, South Africa’s largest retailer, once told this story:Whilst Raymond was CEO of Checkers, at the time the largest retailer in South Africa, some guy called out of the blue and asked whether he could get a tour of a Checkers store.Turns out the guy had recently bought four…

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Entrepreneurs listen to the farmer

Farmers know you should always put a red light in the chicken coop.But what do farmers know… I recently put our baby chickens in a coop with a white light. One morning I awoke up to find one of the chicks dead.It seemed to have been pecked to death. Savage chickens.So I googled “how to keep baby chickens…

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Entrepreneurs have the courage to go backwards

Life is like a clock. It ticks. Sometimes, it gets ahead of itself and you have to rewind the clock to set the time right.This is no fun. Going backwards never is. It takes courage.The easiest thing in the world is to lie to yourself. “Its not my fault the business failed.” “I didn’t screw…

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Entrepreneurs don’t need to be called CEO

School, university and corporate life inculcate a need for status.Are you a prefect? Are you a PhD? Are you a CEO? Do you drive a nice car? How many people work for you?These become the definitions of success.An entrepreneur knows these questions are meaningless. Once you’re stripped to the bone and left to fend for…

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Entrepreneurs don’t hire people

Hiring staff can be quite gratifying to the ego. “All these people work for ME!”Successful entrepreneurs understand the need to keep staff numbers to a minimum. Here’s why: HR issues You want to spend your time building and selling. Not settling squabbles over sick leave allowances and salary advances.The more staff you have, the more…

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Entrepreneurs don’t panic

I recently had a minor travel disaster. Flying back from Colombia, I had been booked via New York to Joburg. As I was checking in at Bogota airport the attendant asked me for my USA visa. Me: “I don’t have one, but not to worry, I’m not leaving JFK, I’m connecting to SA.” She looked…

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Entrepreneurs are humble

Humility is not about going to heaven. Its about staying ahead of the competition.The moment an entrepreneur becomes arrogant so does his company. When a company becomes arrogant it becomes complacent. It closes its mind to new ideas. It underestimates the competition. It stops innovating.It stops being paranoid. It fails.Successful entrepreneurs remain humble.Being humble is not a…

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Entrepreneurs don’t let noise distract them

Some people need to read the newspaper every day, find out what’s going on, always be chasing the latest trend.These people are not entrepreneurs.Entrepreneurs build stuff. If you’re going to build something you can’t be distracted by the media or competitors or opinion.A true entrepreneur knows what he’s doing. It doesn’t matter of other people…

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Entrepreneurs have the courage to fight, follow and lead

It takes guts to be an entrepreneur. You must overcome the fear of failure, the fear of embarrassment, the fear of pain.You don’t need courage if you don’t feel fear. The fearless are not worthy copying. They have no courage.Rather copy the cowards that have overcome their cowardice.You need three kinds of courage: The courage to follow…

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