It’s Important to Have a Realistic Sense of Your Idea’s Potential for Success Before You Start
Successful serial entrepreneur and author, MJ DeMarco, developed a test he calls NECST: Need, Entry, Control, Scale, and Time. He describes this framework as a path or litmus test to determine if a business idea is viable. The following is from a recent interview. Continue reading
Here are some insightful startup tips from the founder of Dell.
“As important as school was, I found that it could be very disruptive to a steady income.”
“I had to give it a full go and see what happened. I couldn’t resist the opportunity. The deal was, I would start into business full time in May, and at the end of August we would take a look and decide if it was doing well.”
“It’s through curiosity and looking at opportunities in new ways that we’ve always mapped our path at Dell. There’s always an opportunity to make a difference.”
“There are a lot of things that go into creating success. I don’t like to do just the things I like to do. I like to do things that cause the company to succeed. I don’t spend a lot of time doing my favorite activities.”
The founder and CEO of Starbucks explains how he started and built Starbucks into a global success story.