Entrepreneurship Tips — Business Tips

I spent 10+ years preparing to launch my first big company opportunity at age twenty-nine. Having already started four different businesses before I finished high school, I had some basic experience and knowledge. I worked as a software engineer in my first full-time job after college. I worked on both mainframes and the first major Apple computer (Apple II). I then quickly move up the ranks to Senior Software Engineer, Architect and Vice President of Engineering by year five of my professional career.  That is exceptionally fast because I read every book available, did consulting on the side, worked long...

Yes, I personally have created two platforms with about 40 courses total for this purpose, and a third set of courses for executive teams preparing to scale a company. There are at least 30 skills an Entrepreneur/CEO should learn before founding a company, not that they can be expert at all or even most, but all these skills will be needed on a team. We have trained thousands of CEOs from over 40 countries at The CEO Boot Camp since the first one in 2004. This program is for aspiring and active entrepreneurs to learn what they need to become...

There are many commonly accepted principles about success that come up again and again like pursuing your passion (so work is fun, not a burden), focus on a clear mission (medium term) and vision (long-term) so you will focus and be immersed in the problem, the solution and the value you create for your customers. Long-term commitment and persistence are never optional, either.  But there is one principle that few people talk about that can be the foundation of all of these, which I will reveal in this article. My dad gave me the gift of the standard of hard...

One of the good question and very complex too. Here are my top 12: Strong CEO and Team - This is 50% as a strong team can fix everything else. And a CEO that has built and exited a company before, ideally. Young, new entrepreneurs will need a stronger team, advisers and board. Large market opportunity. Usually, $1 billion plus in 5 years. Clear market entry strategy, going after a niche (small market) and expanding into other niches or broader market after 1–2 years to make product and other infrastructure robust. Creation of barriers to entry, or sustainable competitive advantage....

This is a simple but good question, but does depend on what your definition of “successful” is, too. A lifestyle business is successful if it provides a decent living for the owner. Most freelancers, consultants and coaches are this kind of business. So are most local retail stores. They sell commodity products and services like millions of others. To me, a successful business is one that can reach multi-millions in revenue, create jobs and has good margins for profit that can be reinvested to grow the business. This kind of business can grow exponentially and reach hundreds of millions in...