Tweet

Advice for Aspiring Entrepreneurs

Written by: Nader Alaghband

Article Overview: Before you start your business, think about...

Advice for Aspiring Entrepreneurs

Your People:

1. Consult broadly - create an advisory board that includes experts in fields other than your own and consult them regularly

2. Recruit stars - when hiring, don't compromise on quality, even if that means your team is occasionally stretched

3. Stay horizontal - keep your team involved in strategy discussions and encourage their input even if you make the final decisions

Your Philosophy:

1. Be practical - the value of innovation to a business is determined by its commercial viability. Identify, define and understand the market that you're targeting and evaluate ideas objectively and in the real world context your business operates in.

2. Be patient - New ideas evolve into great ideas over time. Identifying the ideas that lead to paradigm shifting innovation can be time consuming so the

Related Articles
  Training Entrepreneurs
  Advice for New Entrepreneurs And Business Owners
  Aspiring Home Stagers Battle “Same Old, Same Old”
  Why Many People Will Fail as Entrepreneurs
  Do You Think Like an Entrepreneur?

Article Tags: advisory board, br 2, commercial viability, compromise, final decisions, innovation, paradigm, philosophy, real world, recruit, strategy discussions, world context



Related Forum Posts
Elevator Pitch in 10 Words - "Winning Business Design For Aspiring Entrepreneurs Based On Their Idea"
CEOs and Email - Slaves? - I wonder if the emails they are responding to are filtered thru their assistants first 'cos they seem to spend a lot of their off hours responding to them. True they are successful but I'm not sure I'd be willing to pay that price. I'd be interested to know what's the in the typical day planner of Entrepreneurs on the Forum. Entrepreneurs are a different breed than Paid Employees- so it would be interesting to view the contrast.
Fundraising for 3rd world Entrepreneurs - How great to learn that Evan is doing something for Entrepreneurs in Africa! It just makes me even more thankful to be part of this forum! After helping create a new charity for animals in my local community last year, I created a vision for a charity empowering Women Entrepreneurs. It won't happen for a while yet, but I know it is something I will do within the next few years. As we allow ourselves to think bigger, the opportunity to impact people becomes much bigger as well. Does anyone else have a desire to really make a difference in the world through this means?
Re: Greetings from Camping Embroidery - You are welcome to the club. You are networking with the best Entrepreneurs on the whole wide web
Re: New Funding Source Now LIVE! - I have checked the site and it seems it for American Entrepreneurs only. Please correct me if I am wrong


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

A New Year in the Pharmaceutical Industry

Improve E-mail: Avoid the Quicksand

Top 5 Tips for Better Online Ads

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.