Anyone, no matter how young or old, can be an entrepreneur. You just need to have ideas, perseverance, and an iterative framework to test your ideas until you find one that makes money (ie. creates revenue).
By Jennifer Arguello (Co-Founder, Latino Startup Alliance)
Think about an app or gadget you love to use. Is it Instagram? Is it Snapchat? Your smart phone? Whatever it is, at some point it did not exist. At some point someone out there decided that there was something missing in the world or they wanted to make the world a better place.
Basic knowledge of the commercial terms meaningful to your company and relevant to the deal at hand.
By Alexandra Ross (Senior Counsel, Paragon Legal)
An understanding of key contractual business terms will enable you to conduct more productive negotiations and maintain lasting relationships with your clients and vendors.
As a business lead, you should be prepared with a basic knowledge of the commercial terms that are meaningful
Online connections give entrepreneurs access to a global network of founders, mentors and advisors.
By Lesa Mitchell (Vice President, Kauffman Foundation)
In 1950, Ewing Kauffman launched his pharmaceutical company, Marion Laboratories Inc., in the basement of his modest home in Kansas City. During his first year in business, he had sales of $36,000 and a net profit of $1,000. By the time he sold his company to Merrell Dow in 1989, it had become a global diversified healthcare giant with nearly $1 billion in sales.
In 1976, Steve Jobs and Steve Wozniak launched Apple. The first world headquarters for their world-changing venture was Jobs’ family garage.
By Shaherose Charania (Co-Founder & CEO, Women 2.0)
Always wanted to be your own boss? Want to be part of the solution and create jobs to boost our economy? Entrepreneurs are America’s greatest asset.
Only by thinking and big with your idea can you build a mammoth company that will create hundreds of much-needed jobs.
Here are 3 tips for entrepreneurial women starting high-growth companies:
#1: Think Big
By Renee DiResta (Associate, O’Reilly AlphaTech Ventures)
I’ve said before — Startup Weekends are a lot of fun. Participants come together as a team, find a compelling idea, define and attempt to implement a minimum viable product, and come up with a plan to take the idea to market, all within 54 hours. So far, I’ve attended three as a developer. At Women 2.0’s recent Startup Weekend, I had the opportunity to participate from the other side of the table.
This time around, I was an advisor. Every team I spoke to asked me the same question: “What should our business model be?”
By Holly Liu (Co-Founder, Kabam)
My social gaming startup Kabam has just raised $85MM in Series D funding from Google Ventures, totaling ~$125MM raised to date. Kabam has 4 offices worldwide and 500 employees, so it feels like we’ve come a long way — but still have so much more to go.
Sometimes I think about how we got here, and how much further do we still have to go with the startup? Are we still a startup? What is the end game?
Here are my big three startup lessons learned from Kabam:
By Laura Spiekerman (Research Analyst, Kopo Kopo)
Shivani Siroya sees potential in entrepreneurs like Ms. Lakshmi, who distributes ice cream to high-end shops in India. Despite the demand in the market, her inventory and staff limit her to only 4 shops.
In the United States, a small business lender might provide financing to increase her inventory and sales staff. Instead, Lakshmi will leapfrog traditional small business lending, which is largely unavailable in emerging markets, and reach for a loan crowd-funded by investors in the United States.
By Sophia Perl (Founder & iOS Developer, Eventabulous)
By Andy Barkett (Engineering Manager, Facebook)
I hear a lot of elevator pitches. The most common conclusion to the pitch is, “Well, what do you think of my idea?” Honestly, I love most of the ideas and yet hate most of the pitches. It’s hard to answer, because the question can mean three different things:
- What do you think of my cool product idea? -OR-
- What do you think of my idea for a new business model? -OR-
- How do you like my business plan?
What’s the difference between these questions?