04 February 2013

Juggle More Than One Startup

Can You Really Juggle More Than One Startup? | Fast Company: " . . . Others, however, like to juggle multiple interests. These entrepreneurs have passions pulling them to Germany, Taiwan, and India; they’re intrigued by the possibilities inherent in mobile marketing, gaming, and trading. Their varied interests consume them all at once. But does this latter group accomplish anything? They do if they court their ventures properly. What it Takes for Serial Entrepreneurship to Work - Every entrepreneur has to remember one thing: Entrepreneurship works within limits. We have a lot of good ideas thrown at us, but we simply can’t do everything. We must carefully consider the best of the bunch, investigating and analyzing our options to ensure we’re putting our money and effort behind ventures that have true potential. Here are key indicators that simultaneous serial entrepreneurship is worth considering:

  • Time: Can you dedicate enough time and attention to each interest? How long will these ventures take? Are you remodeling a building in a handful of weeks, or are you constructing a resort over two decades?
  • Money: Do you have enough cash to support the growth of your interests in the short and long run? Businesses can be as high-maintenance, or low-maintenance, as significant others.
  • Location: Does one require you to be in Alaska, while the other demands you be in Australia the next day?
  • People: Who’s involved in your situation? Do you have partners polluting--or supporting--your relationships? Do you have the right people to handle the workload and supply talent?
  • Sequence: Is one development already underway, or are you jumping into bed with both from day one?
  • Experience: What experience do you have as an entrepreneur? What kind of knowledge do you have in the field you’re adding?"
more news below

No comments:

The 7 Habits of Highly Effective Mediocre Entrepreneurs | TechCrunch: " . . . . persistence is not the self-help cliche “Keep going until you hit the finish line!”. The key slogan is, “Keep failing until you accidentally no longer fail.” That’s persistence." - James Altucher

Both Sides of the Table

Venture Capital Dispatch

Startup News

Entrepreneur News

Angel Investor News

Venture Capital News

Venture Capital Survey

Business - SiliconValley.com

silicontap.com - Silicon Valley High Tech News

DealBook - NYTimes

You're the Boss - NYTimes

Bucks - NYTimes