Personal Interest

20 Lessons Learned By An Entrepreneur

by Pierre Cutler
Friday, January 6, 2006. 06:50PM
1,143 Views 0 Comments

Robert May of Business Pundit yesterday posted a very insightful article "Why I Quit Entrepreneurship and Got a Real Job". The article is hitting the blogosphere big time and has reached the top ten list for today's most popular posts on del.icio.us. Robert said:

Entrepreneurship is difficult. No matter how smart you are, how well you plan, or how hard you work, there is still lots of luck and timing involved. If you ever consider making the jump, here are some things to think about.
A summary of Robert's 20 lessons learned as an entrepreneur are:
  1. Money matters
  2. Nobody cares that you are smart or knowledgeable
  3. Think about the intangibles
  4. Short-term thinking can kill your company
  5. Don't max out your credit cards
  6. Know how you make money
  7. Your estimates are wrong
  8. You aren't your own boss
  9. Industry contacts are important
  10. You don't have any free time
  11. Attack everything with enthusiasm
  12. Acknowledge your mistakes
  13. Keep your integrity
  14. Deal with the possible consequences
  15. Save your money
  16. Start something on the side
  17. Go it alone
  18. Be ready to accept failure
  19. Make sure you enjoy it
  20. Train for it.
I couldn't agree more with Robert. Well said.

Pierre Cutler The Sacramento Executive (originally published on www.sacramentoexecutive.com)

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