Live data from Hacker News

What Does It Take to Become an Entrepreneur?

inc.com

11–13 of 13 posts

Re: What Does It Take to Become an Entrepreneur?

#11
What it takes to become an entrepreneur:

1. Create something other people want or need. (If you don't know, test ideas in low-risk ways until you find something that works.)

2. Attract the attention of prospects, and make them interested in learning more about what you're offering.

3. Encourage your prospects to trust you enough that they give you money in exchange for your offer.

4. Deliver the value promised in a way that makes your customers happy.

5. Collect more money than you spend, and enough to sufficiently compensate you for the time/energy/money invested.

That's it. Anyone who tells you entrepreneurship is more complicated than that is either trying to impress you or sell you something you don't need.

Re: What Does It Take to Become an Entrepreneur?

#12
post #4
post #3

You have to make a choice: do you want to go to work every day feeling safe and having someone take care of you, or do you want your learning curve to be steeper and higher? It's a lot easier to be in the corporate world. No one will ever "take care of you". Depending on what you're doing at any given time, your learning curve can be steeper and higher anywhere . I imagine a Google fellow just might have a steeper le…

I am a 24-year-old and would say that I would rather do the consulting + startup route than VC funding. However, I tend to not be attracted to building the next twitter, groupon, Facebook and instead would rather build the next company you've never heard of(TM).

Not that I'd know, but it must be a lot of fun lurking in the shadows/periphery with a bunch of mysterious money.

It's the hedge fund vs. web startup mentality :)

Post reply on HN