Sunday, April 22, 2012

Why Passion vs. Realism Is a False Choice for Entrepreneurs : The World :: American Express OPEN Forum

Why Passion vs. Realism Is a False Choice for Entrepreneurs : The World :: American Express OPEN Forum: "Unbridled startup passion can bring danger to startup teams. When we entrepreneurs fall in love with our ideas, we tend to make predictable mistakes, including:

Assuming customer interest where little or none exists
Fixating on product features instead of what customers want
Overestimating early sales, and underestimating the cost and time required to reach profitability
Rigidly sticking to a failed strategy until it’s too late to recover
If you’re a true believer in your idea, here are three principles for applying the right dose of realism to improve your odds of success."


'via Blog this'

No comments:

Post a Comment

Featured Post

Dawgen Global Firm Profile

Dawgen Global is an integrated multidisciplinary professional service firm We are integrated as one firm and provide several profession...