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3 things I've learned about entrepreneurship
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Lulo
September 30, 2012
Education
5
510
3 things I've learned about entrepreneurship
A small talk for Lean Startup Machine.
Lulo
September 30, 2012
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Transcript
hello! I’m Lulo, and I’m an entrepreneur! @lulomx
funded by:
I have also worked on other cool projects
3 lessons I have learned about entrepreneurship
1 business plans are a waste of time
BUSINESS PLANS ARE NOT: MAGICAL STEP BY STEP MANUALS THE
TRUTH. GO OUT AND V ALIDATE
STOP WRITING MAKE THINGS HAPPEN &
BUSINESS PLANS ARE: A GOOD EXERCISE A GOOD TIME-MACHINE A
GOOD STARTING POINT
HOWEVER, KEEP IT CONCISE (-20 PAGES) don’t spend TOO MUCH
TIME DOING IT FOCUS ON YOUR EXECUTIVE SUMMARY if you think you n d one... http://thenextwomen.com/2010/08/26/why-business-plans-are-not-as-important-as-you-think
2 ideas are worthless
HOW DIDN’T I COME UP WITH THAT IDEA!?
None
http://gigaom.com/2010/03/05/burbn-funded-for-html-5-version-of-foursquare/
IDEAS are worthless
YOU are Not a genius
SUCCESS COMES FROM: HARD WORK TAKING RISKS CREATING V ALUE
not from idea !
GET OUT OF THE BUILDING! LISTEN TO FEEDBACK V ALIDATE
PIVOT
stop trying to patent everything!
NOBODY’S GOING TO STEAL YOUR IDEA “If you were the
inventors of facebook, you would have invented Facebook”
... AND EVEN IF SOMEONE STEALS YOUR IDEA Nobody will
teal your: passion vision expertise talent insights contacts team knowledge LOVE http://jasonlbaptiste.com/startups/they-will-steal-your-idea-they-cannot-steal-what-really-matters/ http://thenextwomen.com/2010/08/26/why-business-plans-are-not-as-important-as-you-think
3 don’t do it for the money
LOVE IT HATE IT or
HAVING A STARTUP MEANS: YOU WILL NOT SLEEP PROPERLY YOU
WILL NOT EAT PROPERLY YOU WILL FAIL YOU WILL NOT SEE YOUR LOVED ONES YOU WILL NOT GO OUT EVERY FRIDAY YOU WILL BE MISERABLE
SO, if you are not sure...
don’t do a fucking YOU STARTUP STARTUP STARTUP
HOWEVER, BUILD A GREAT TEAM FOCUS ON THE PROBLEM, NOT
THE SOLUTION be ready to fail if you sti think you want t have a startu : and...
HAVING A STARTUP MEANS: YOU WILL LEARN EVERYDAY YOU WILL
MEET new friends YOU WILL GO TO PLACES YOU NEVER IMAGINED YOU WILL make things happen you will make people happy YOU MIGHT EVEN CHANGE THE WORLD! als
HAVE FUN! it’ an adventure!
3 lessons I have learned about entrepreneurship
links: Wayra Invest ex Mexican.vc Bandtastic
THANKS! @lulomx h ://lul .mx
[email protected]