I see people asking this question quite a lot. First off if you really can’t see how anything around you can be improved or done 10x better, then you’re either not the ideas guy or you haven’t got enough exposure to people’s problems to have the ideas yet and that’s fine. Why not join someone else’s startup who has a really good idea? There’s a hell of a lot to starting a business that’s about execution and lots of different skill sets, marketing, sales, business development, strategy and development. The idea takes by far the least amount of time, so you only need one ideas guy and hopefully he’s got other talents too.
Billionaire Warren Buffett has one huge piece of advice to anyone thinking about starting a new business.
Buffet shared his advice with a group of aspiring entrepreneurs at the 20th graduation of the Goldman Sachs “10,000 Small Businesses” program:
“Tomorrow morning when you look in the mirror after you’ve gotten up, just write — in lipstick or whatever you want, on the mirror — just put: Delight my customer,” Buffett said.
Not all entrepreneurs are the same. There are different categories of entrepreneurs.
According to this new infographic there are at least six types of entrepreneurs. To determine which type you are, following the flowchart below:
Lecture 1 – How to Start a Startup
Our good friends Sam Altman and Dustin Moskovitz asked us to share this two part lecture series on how to start a company.