On this blog and a few others, i see a flurry of activity by VCs putting out commandments for wannabe entrepreneurs. Particularly, any thing which has the word “commandment” (ten commandments for entrepreneurs) or “not to” (how not to write a business plan) is sure to ignite my interest. I read, learn and try to relate to what we are doing.
Waiting for the air deccan flight from bangalore to bombay to take off ( and taking breaks from the proprietary low-cost-airlines airhostess uniform scoring scale that i am working on – more about that later, but here is a sneek, Go Air on top – Kingfisher at the bottom), i started thinking about commandments that entrepreneurs might have for VCs.
Here are a few that i have, would like to hear from others.
#1 Everything always changes, especially the business plan
#2 Have an entrepreneur on your team, it will put things in perspective
#3 Dont expect answers to all the questions, the guy making the pitch doesnt have them
#4 Any number beyond three years is speculation, and most probably wrong
- Startups – how do you choose your people? - July 6, 2006
- Startup Mentoring Network - July 1, 2006
- Pitching your business - April 19, 2006
Hi,
I know lot of people who think their idea is a million Dollar idea, or the next Big thing. It may be, However, The Idea should first be put on PAPER.
Crystalize the Idea. ( And expand on it as much as you can )
then, Make a simple Practical, Doable , Idea in ACTION.
Implement It. ( EVEN IF IT IS Incomplete , Imperfect, Half Cooked)
Action is the most Important thing.
That will put the ball rolling.
STARTing is the main thing. Rest Follows.
VC funding is Not required at very begining. VC funding is required, when
your idea is doing good in small, and has high potential.
not , when Idea is in MIND only, not on paper and on Floors.
Iam a Entrepreneur for 15 years, with more than half dozen business lines.
started with less than 7000 thousand rupees or $150 only.
Go ahead and start what you want First. People will follow you later on.
I have started a Mission to Train 100,000 people in Internet Business , mostly FREE. Jobs and Business opportunities for a second income from HOME.
Jayant Hudar
http://www.jayanthudar.com
http://www.google-works.com
# 1 Would say it all… 🙂