Made to Fail: 13 secrets of successful start-ups
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22-Oct-2014 -
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Business
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Transcript of Made to Fail: 13 secrets of successful start-ups
What’s the point?
• So much business advice is so bad
• Too many entrepreneurs fail
• Because we need more successful entrepreneurs, not more entrepreneurs
• [And failure is really, really horrible]
How I f*cked-up my start-up
The start-up process
Then what?
• Takes too long to find out it doesn’t work
• You’ve no story to tell customers
• You’ve no money to fix it
So what do these have in common?
Hairdressers Cooking sauces
Mobile app developer
Electricity conducting paint
13 secrets of smart entrepreneurs
#1 You have to be right for the business
#2 Being an entrepreneur is not a full time job
#3 Companies with bad names make more money
#4 92% of time on your business plan is wasted
#5 Love-struck entrepreneurs lose money
#6 Making money doesn’t wait
#7 Copycats succeed quicker
#8 Nimble start-ups lack purpose
#9 Think inside the box
#10 Accumulate to speculate
#11 Good enough is good enough
#12 It’s not about the money
#13 You can work too hard