Tuesday, August 30, 2011

Karl Treier: 20 Tips When Starting a Busines

  • Be very clear why you are doing it
  • Don't judge by appearance
  • Once you decide to start a business, go for it.
  • Lead, Manage, Inspire, Make it happen
  • Don't be afraid to seek advice
  • Trust but verify
  • Be very careful about hiring friends
  • Retain your competency
  • Keep cash close
  • Buy second hand stuff
  • Use free software
  • If you decide to take investment, it'll cost you an arm and leg
  • Don't be overly optimistic about your financial projection
  • Sometimes you might fail for reasons you cannot predict
  • Keep striving for the goal
  • Negotiate with customer: Show me the money
  • Bad things happen, Don't Panic!
  • Give back to the community
  • Don't procrastinate, just do it

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