3 things I've learned about entrepreneurship

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hello! I’m Lulo, and I’m an entrepreneur! @lulomx

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funded by:

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I have also worked on other cool projects

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3 lessons I have learned about entrepreneurship

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1 business plans are a waste of time

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BUSINESS PLANS ARE NOT: MAGICAL STEP BY STEP MANUALS THE TRUTH. GO OUT AND V ALIDATE

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STOP WRITING MAKE THINGS HAPPEN &

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BUSINESS PLANS ARE: A GOOD EXERCISE A GOOD TIME-MACHINE A GOOD STARTING POINT

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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

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2 ideas are worthless

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HOW DIDN’T I COME UP WITH THAT IDEA!?

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http://gigaom.com/2010/03/05/burbn-funded-for-html-5-version-of-foursquare/

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IDEAS are worthless

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YOU are Not a genius

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SUCCESS COMES FROM: HARD WORK TAKING RISKS CREATING V ALUE not from idea !

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GET OUT OF THE BUILDING! LISTEN TO FEEDBACK V ALIDATE PIVOT

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stop trying to patent everything!

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NOBODY’S GOING TO STEAL YOUR IDEA “If you were the inventors of facebook, you would have invented Facebook”

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... 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

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3 don’t do it for the money

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LOVE IT HATE IT or

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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

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SO, if you are not sure...

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don’t do a fucking YOU STARTUP STARTUP STARTUP

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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...

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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