If you are an entrepreneur, why? I want to change the worldRead more...
No. 1 mistake: Waiting too long on others instead of grabbing the opportunity
Entrepreneurs often choose the path of innovation, without realizing the kind of lifestyle that comes with it. They will often live unstable lives.
But as they courageously take risks, they'll make several mistakes which become valuable lessons for the rest of us.
They have their ups and downs. But at the end of the day, these creative daredevils are the ones who are changing the world.
We recently created new profiles for our Vator members to share their story. So if you are a first-time, serial, or even an aspiring entrepreneur, we'd like to hear from you.
Today's entrepreneur is Natasha Soleil, CEO and founder of Soleil Mobile and PINK JUNCTION, a social network for women. According to her VEQ, she is good at technology design, networking, and product development.
I Am: An Entrepreneur
Soleil PR, Soleil Mobile, Pink Junction
Pink Junction and Soleil Mobile
Mixman Technologies, Estudio now Blitz and 15 more. Call me for the full list.
I want to invent something cool.
I love taking an idea and sketching out the functions and its very rewarding when my Pink Junction members are using it. What's frustrating is tech issues....ugh. You fix one thing and something else needs adjustment. It never ends...and sometimes what takes one day to develop always seem to stretch out to 3 or 5 days.
I waited on an investor for 9 months...and I missed my opportunity to launch a mobile app. and be one of the first apps. iphone. I should have just developed my ideas with small funds or my savings instead of waiting on an investor.
1. Never believe anyone until the agreement is signed or the check is cashed into your bank.
2. No free lunch. I tend to be polite and the next thing I know I'm having lunch with a powerful executive or well known person and they just want to suck information from me in return for an expensive lunch. Just skip the lunches and enjoy a phone conversation or coffee at Starbucks.
3. Don't wait to close a deal with a company...build your idea and then license it to them. That was my biggest lesson. I met with Oprah's top executives and the VP Marketing at Martha Stewart Living pitching mobile apps. in 2007 and 2008 ...I was too early. they came out with apps. in 2010....I should have developed my own app. earlier then include them. At the end I do have a successful app. called Soleil Organics on iphone and Android but, its not a cash cow.
Read more from our "Today's Entrepreneur" series
You need to reinvent yourself over and over again as a founder as your startup moves between stagesRead more...
Follow the mission, work with people you respect and trust, remember to enjoy the journeyRead more...