A well-planned and developed strategy for growth can exponentially increase opportunities for an early-stage entrepreneur
The typical challenges that many entrepreneurs face are the development, design, execution and scaling of their product for an increasing customer base. For the inexperienced, this can lead to grave losses in time and money.
On the other hand, a well-planned and developed strategy for growth can exponentially increase opportunities. Here are three things to consider for an early-stage entrepreneur:
1. Don’t take on the world all at once.
When the early explorers of Europe sailed west, many had no idea what to expect in the New World. Sure the early explorers had tools such as navigation equipment and supplies on their journey. They experienced unpredictable weather, pirates, sunken ships, and possibly the legendary Kraken.
Entrepreneurship is no different — we have business plans, project specifications, diagrams, PowerPoints, financial plans, marketing strategies, etc. We also have uncertainty with technical fires, drama among the team, demanding investors, term sheets and The Government.
Instead of aiming to try . . . (more)
Article by: Ronald Ning (VP Of Engineering at SlimTrader)
Published at: Forbes.com