Top Five Startup Tips from Famous Entrepreneurs

Most of the Entrepreneurs are working hard to develop their single room business into multinational company. Motivation would always help entrepreneur to come out from their failure. Here I have discussed the top startup tips from famous entrepreneurs.

Bill Gates :

• Great Startup ideas come from everywhere. Don’t ever underestimate the ideas that you got.
• Should be Master in two skills: Selling and Coding.
• Run the company with minimum budget and reinvest the profit into the company’s operation.
• Everyone should know the reason for work. Frame the good startup culture.
• Don’t try to make the complete product just create the minimum viable product and launch. Good is good enough.

Steve Jobs :

• Willingness to take more challenge and succeed in it.
• Build the passionate team - if they fall in love with your product, everything else will take care of itself. 
• Startups comprised of members who apply a diversity of thought to solving problems are more likely to devise creative and inherently unique solutions.
• Work on a meaningful mission then billion dollar will follows.
• Customer's cannot tell you what they need. A lot of times, people don't know what they want until you show it to them.

Mark Zuckerburg :

• Young entrepreneur should get a mentor.Mentor will help the company avoid some of its intellectual property and employee compensation lawsuits.
• Give some space and power to people.
• Be smart and develop a solution for problem about which you are passionate.
• Progress matters. Do the easier things fast that would have a small impact on the overall organization.
• Keep your product Stupidly , Simple and Smarty.

Jeff Bazos :

• Create a better product for your customers not colleagues or competitors.
• Be aware to hire the right people for your startup.
• Be stubborn and flexible. 
• Don't Chase the quick buck.
• Be simpleminded (this one is good for customers)

Richard Branson :

• Give it a go. If you want to do something, have a go and do something.
• You should have more self-confidence and believe what you do.
• Find a like-minded people to run you business then you can free up more of your own time and think about moving your business forward.
• Trust your inner instincts.
•  Have a sound business model and stand out from your competitors.

Ref:

http://www.virgin.com/richard-branson/5-tips-for-a-new-generation-of-entrepreneurs

http://johngreathouse.com/

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