Be open with your co-founders on both personal and professional levels.Read more...
'First we have to understand the problem'
Entrepreneurs, and those who work at startups, are a special part of the workforce. They embrace innovation and disruption.They live on the edge, and, at times, chase the latest shiny object. But their willingness to fail and try something new often enable them to make a big difference.
The Vator community is made up of these unique people. To that end, we've changed our user profiles to allow entrepreneurs to express their interests and lessons about entrepreneurship.
These profiles will allow us to highlight an entrepreneur every day.
Today's entrepreneur is Demian Entrekin.
I am: An entrepreneur
Name companies you've founded or co-founded:
Convoy Corp; Innotas.com; Claremont Partners (current)Name companies you've invested in:
Whichever ones i'm working on!
Most frustrating? Cash flow; cash flow; cash flow
Most rewarding? Finding customers with courage
As Harry Callahan says two times in Dirty Harry, "A man's got to know is limitations."
1. Don't love your solution, love the process of solving the problem
2. Make sure you can sell what you are doing before you raise money
3. Investors care about revenue, founders care about cash flow: don't confuse the two.
(Note: If you want to be featured, please fill out your Vator profile, answer the questions in the basic information area, and be sure to add a big photo as wide as 400 pixels! Email email@example.com with a link to your Vator profile so we can check it out!)
Read more from our "Today's Entrepreneur" series
You will go through periods of success and failure, brilliance and mediocrityRead more...
No.1 mistake entrepreneurs make is not startingRead more...