20 entrepreneurial truths
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The document shares 20 entrepreneurial truths learned over 20 years of running a business, emphasizing the importance of commitment, focus, and adaptability. It highlights the need for continual learning, courage in the face of challenges, and the value of external feedback. Ultimately, it conveys that true entrepreneurship involves passion and resilience, making the tough days worthwhile.
20 entrepreneurial truths
- 1. 20Entrepreneurial truths Ive learned overthe last 20 years running a businessRussell@RussellWhite.com
- 2. Jump in with both feet you cant take a flying leap with one foot on the ground.Russell@RussellWhite.com
- 3. Dont drink your own KoolAid no matter how tasty you make it.Russell@RussellWhite.com
- 4. Embrace technology old solutions dont solve new problems.Russell@RussellWhite.com
- 5. An airplane works hard to get off the ground but it still needs fuel to stay in the air never stop fueling your business.Russell@RussellWhite.com
- 6. Most colleagues will agree with your idea. Find the one who will challenge you to create something even better. Russell@RussellWhite.com
- 7. Sometimes you have to ask someone outside of the family whether your baby is ugly or not.Russell@RussellWhite.com
- 8. Stale information is like stale bread no one is interested.Always be relevant.Russell@RussellWhite.com
- 9. Distractions become more attractive the longer you are in business. Keep a laser focus.Russell@RussellWhite.com
- 10. You are going to face all-in moments. Take the risk,it wins most of the time. Russell@RussellWhite.com
- 11. You can recover from bad beats if you want it badly enough.Russell@RussellWhite.com
- 12. You cant shoot pool with a scared stickand you cant run a business worried about money.Russell@RussellWhite.com
- 13. Every time your eyes are focused on the competition they arent focused on your business.Russell@RussellWhite.com
- 14. At each new level you reach, you become the rookie again.Russell@RussellWhite.com
- 15. Be decisive. Opportunities are not lost, they are discovered by someone else. Russell@RussellWhite.com
- 16. Courage and determination are more important to success than a college degree. Russell@RussellWhite.com
- 17. Experimenting isnt just for lab ratsRussell@RussellWhite.com
- 18. In tough times, you have to be able to bounce. Russell@RussellWhite.com
- 19. There is no other way to say this
- 20. Expect to face at least one serious Oh Shit a year.Russell@RussellWhite.com
- 21. As long as you love it, its not work. Russell@RussellWhite.com
- 22. Finally, you know you are an entrepreneur when a bad day working for yourself is better than a good day working for someone else.Russell@RussellWhite.com