Tuesday, August 16, 2011

Simple, Not Easy

"There are no easy answers, but there are simple answers." Ronald Reagan

Being an entrepreneur isn't easy. But it also isn't all that complicated.
Last week, I was cleaning off my desk (which tends to pile up), and ran across an email from April 2008. I had been asked to speak to Rockies Venture Club entrepreneurs about what to do during "tough times." Of course, things have gotten a bit tougher since then.
Here's what I said:

"My advice to entrepreneurs doesn't really vary with economic conditions:
-figure out something that's broken;
-figure out a clever way to fix it;
-figure out who you want to work with;
-figure out a way to cash flow it as you develop it; and
-figure out a way to pay yourself once you get going."

Pretty simple. Not so easy.

Post a Comment