Contrary to popular belief, arrogance is not a personality trait of most successful entrepreneurs.
In fact, arrogance is often is the largest road-block we face when we are attempting something new because it blinds our vision and diminishes our ability to learn or take advice.
2. Most successful startups begin in wilderness You can never be sure how you will navigate the jungle … there are customers who don’t know you and predatory competitors who do. 50,000 fewer startups began their journey in the UK in 2008 compared to the previous year Image credits: http://brajeshwar.com/2008/open-source-startups/ Image credits: http://brajeshwar.com/2008/open-source-startups/
3. Only 9% of businesses started in 1992 are still running Who’s driving!? Have you prepared yourself enough to unlearn whatever your cushy, high-paying corporate job taught you? Startups ain’t for sleepy chickens!
4. Simple Rule It’s all about footwork When you do cool things, people talk about you. You get more press, more blog posts, more stuff on Twitter. That leads to more business. – Brain Kaiser CCA < CLV CCA = Cost of Customer Acquisition CLV = Customer Lifetime Value
5. Arrogance won’t get you anywhere The best of strategies can will fail if your team does not back you up. Remember the last time your thankless boss took credit for something you did? You would think there would be SOME data about bad bosses … Well, we didn’t find ANYTHING good enough! Image credits: http://www.successfulaffiliate.com/how-to-successfully-be-your-own-boss/ /
6. Less than 5% entrepreneurs are able to manage with under 6 hours of daily sleep. Taste freedom ? Oh yeah … you can sleep all you want since you are not in a “job” anymore ... that is, if you can sleep at all !!
7. Under 20% customers ever return to most startup businesses Make sure you make some money honey! Customers are like birds, if you feed them well they will come back otherwise they will shit on you when they fly past your business. Image credits: http://www.wealthcreationprofessionals.com/Free-Online-Business
8. 23% teens find Steve Jobs to be the most inspirational entrepreneur. 31% admire those who make a difference in people’s lives beyond just theirs. It’s inspiring… Image credits: http://www.brightsideofnews.com/