A common question I get from people who want to leave their job to become entrepreneurs is, “When should I take the leap and quit my job?” It can be scary and intimidating, but most of the time people get overwhelmed with excitement and jump too soon, without testing their assumptions to find out if anyone really wants what they’re planning to make. When to leave your job...
Favorite Business Books
Cost vs. Value, Sunk Cost vs. Opportunity Cost, Hunting vs. Farming
Knowing the differences between cost, value, sunk costs and opportunity costs is vital to helping you make great financial decisions now and in the future. It’s a very common fallacy that the amount spent on product development means that product is worth what was spent. For example, if you step on a snooty person’s shoes, he may say something like “you just stepped on my fancy...
What Makes Someone Successful
Success is defined differently for everyone. We all must decide what success means to us. However you define it, there are some things that successful people do and don’t do that can help us become successful in our personal lives and in our businesses. In this Startup Q&A, I cover a few of those. Get a mentor One of the most important is finding a mentor. Whether you’re just...
Advice from a Startup CEO
If a CEO, who build a multi-million dollar venture-funded company gives advice to entrepreneurs, would you listen to it? Heck yeah! When a successful CEO speaks, it’s always a good idea to listen to their advice. In this week’s Startup Q&A, I cover the advice he gives startups. Get to money quickly The best advice from successful startup CEOs is to get to money quickly...