Successful entrepreneurs validate their ideas
Dreamers dream; successful entrepreneurs do. Turning ideas into products, measuring how customers respond, and learning whether to stay the course or pivot are the bedrock of scaling a successful startup, so all processes must be aimed at accelerating that feedback loop explains startup guru Eric Reis in his book The Lean Startup.
The idea of a "minimum viable product" is sacred to entrepreneurs who hunger to see if their ideas have real market potential.
Successful entrepreneurs pursue niche markets
Creating a product that appeals to everyone may seem like a laudable goal, but successful entrepreneurs know that there is a lot of money to be made in clearly defined niche markets. Occupying a niche means you won't be competing with a lot of similar businesses solely on price. And because you will be selling products and services that are customized to the specific needs and predispositions of a select group of people, you can often charge more. Your products and services serve a market that can't easily find alternatives.
Successful entrepreneurs delegate
Believe that "it's better to just to do it myself"? While the lone wolf scenario is attractive to many entrepreneurs, it has serious limitations. Entrepreneurs who learn managed delegation (as opposed to delegating without giving clear direction) gain efficiency and have time to create new opportunities for themselves to engage only their strongest abilities while outsourcing the tasks others can effectively do on their behalf.
Delegation of your weaknesses can also help you avoid potentially embarrassing (or worse) mistakes.
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