This document outlines 10 lessons for becoming a successful entrepreneur according to Soujanya Bhumkar, Co-Founder & CEO of Cooliris. The lessons are: having a great idea is only 5% of success - execution is 95%; focusing on the how, not the what or why, is key; user feedback is important for navigating the entrepreneurial journey; anticipating what the user will do 10 seconds before clicking is crucial; be aware of and adapt to changing conditions; your biggest competitor may be yourself when you look in the mirror; plan investments for both the present and future; high user engagement is more valuable than mass broadcasts these days; it's better to ask and possibly be told no than not ask at all

1. 10 lessons
to become a successful entrepreneur
Soujanya Bhumkar
Co-Founder & CEO Cooliris

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Having a great idea is only 5% of
what it takes. Execution is 95%.

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It’s not the what and the why, it’s the
how that’s the game changer.

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User feedback will help you navigate
your entrepreneurial journey.

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Know what the user is thinking 10 seconds
before they click your app.
If you achieve that, you are golden.

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Conditions around you change.
Be aware and be ready to change with it.

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Look in the mirror. That’s often where
you see your biggest competitor.

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Know how much to invest for today,
AND how much for tomorrow.

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These days, achieving high user engagement is
more valuable than high broadcast.

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Shamelessly ask all the time. The worst you can get is a
no. A no is just as cool as a yes. It doesn’t matter.

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Startups can push a product release in the same amount
of time it takes a big company to schedule a meeting.
That means something, and you need to leverage that.