1. Startups are not small
versions of large
corporations
Startups search for a business model, better
established companies focus on executing it.
There is a difference between small
businesses, corporations and scalable
startups - in how their goals, how they run and
how they need to be lead.
2. Entrepreneurship schools
(E-Schools) will rise.
Universities teach how to run small
businesses and corporations.
However, there is an increasing need for
learning the skill sets for scalable startups.
3. Startups should focus on
executing, not planning.
No business plan survives first contact with
the customer.
There is no substitute for getting out of the
building talking to potential customers.
Invest your time wisely - fail often and fail
cheap to learn quickly.