9 Things I’ve Learned About Business & Entrepreneurship

by Jordan Muela on April 27, 2010 · 4 comments

in Uncategorized

  1. There are no facts inside the building. The only person who knows about your customer… is your customer. If you really want to know what they think then go talk to them and start asking broad questions about their needs, not if they like your product/service.
  2. Remember Parkinson’s Law: Work expands so as to fill the time available for its completion. Force yourself to meet deadlines. This requires getting better at making realistic time projections.
  3. Ruthlessly apply the 80/20 rule. Measure, to find what works really well and focus your time there. Beware, distractions abound.
  4. Avoid information overload. Limit your consumption to what you can actually use at this present time.
  5. Never underestimate your ability to delude yourself. Fight this with testing, metrics, peer review and mentorship.
  6. Business plans always fail. Learn to pivot. The goal is to get to plan B.
  7. Don’t put your life on hold to start a business. It doesn’t work. Make sure you are engaging in sustainable habits from day one.
  8. Work on what you’re passionate about. Don’t build a business around something you’re not passionate about. A day will come when your regret it and it starts to suck the life out of you.
  9. On the web, if there’s a person, product or process that sounds to good to be true. It is. Lock your wallet and run. People selling shortcuts are almost always selling nothing for something (This is especially true with internet marketing). Don’t believe me? That’s how scammers stay in business.

{ 4 comments… read them below or add one }

Jason Kent April 30, 2010 at 4:22 am

These posts are helpful- you’ve got my attention!


Christopher May 8, 2010 at 6:34 pm

Thanks Jason, post has been updated by the way.


Austin Gunter May 13, 2010 at 11:32 am

You’ve summed it all up in 10 overall bullet points. The difference between a successful venture and an unsuccessful one will be in how well these get implemented each week.


Jordan Muela May 13, 2010 at 7:00 pm

Amen. Talk is cheap, execution is all that matters.


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