Top Ten Entrepreneurship Lessons (so far…)

I have also started thinking of some of the lessons that I have learned along the way.  These are not exclusive, of course, and I can probably come up with another 10, but I will let these stand…

1. There are 4 M’s in business: Marketing, Manufacturing, Management, and if you have those three… the Money will come.

2. Inventing is easy, building the product is hard… but building a successful business around the product is hardest of all.

3. Entrepreneurial experience in anything can be worth far more than corporate experience in your area.

4. Delegation is hard… but micromanaging is HARDER!

5. Embrace constructive criticism—it’s the way to success.

6. At some point one must shoot the engineer (i.e. freeze the design) and start selling

7. Build ONLY what the customer needs, then double check

8. Cheap and free is often better quality than moderately expensive

9. You have to kiss a lot of frogs to find your Management Team prince (princess).

10. Never give up… when failing, change direction!