Wolfgang's Vault founder and CEO William Sagan shares his lessons with Vator. Wolfgang's Vault has collected a library of live music performances. The
site hosts more than 1,000 live concerts spanning more than 30 years of
performances.
One lesson William shares is to keep smart people around. "Surround yourself with people who are smarter than you," he said. We've heard this many times, including one time from Tibco CEO Vivek Ranadive.
Additionally, William says to focus on cash flow so that you're "never at the mercy of bankers, investors."Again, something we've heard time again, from entrepreneurs, such as Pete Vlastelica of YardBarker.
Finally, and importantly, William says to "never ever, ever, ever give up. It does happen when you’re an entrepreneur that it’s brightest right after that point in time when it’s darkest. Don’t ever give up if you believe in what you’re doing.”
Good stuff to keep in mind.
As much as any entrepreneur knows in the back of their mind not to give up, it is totally essential we keep hearing advice, ups and downs, and encouragement from those who've made it.
"Feeling like you're on the brink of greatness, and the brink of failure"
-Richard Rosenblatt
"never ever, ever, ever give up"
-William Sagan
"Formulate and stamp indelibly on your mind a mental picture of yourself as succeeding. Hold this picture tenaciously. Never permit it to fade. Your mind will seek to develop the picture."
-Norman Vincent Peale