Seasoned entrepreneurs will agree that there is a lot more to building a successful business than having a great idea. Really, your big idea is just the first step — it’s simply choosing which mountain you are going to climb. Profitable companies are built upon thousands of subsequent great ideas and implementations.
As a serial entrepreneur and current founder of Qzzr, an online-quiz platform, I’ve trekked up a few mountains, and I’ve learned a bit about which trails are the most efficient, what gear to pack and who to bring along for the trip.
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Below are seven tips that are the bedrock for any successful startup venture.
1. Fiercely pursue the most impactful thing.
The number of tasks competing for an entrepreneur’s time exceeds the number of explosions in a Michael Bay movie. While your many to-do’s — emails, meetings, people, opportunities — all seem important, none of them will matter unless you nail down the most impactful activities. Be honest with yourself about what tasks only you can do and what tasks others could do. Remember that good is the enemy of great and that your time is finite. Many startups fail because they can’t allocate their limited time to the right things.
