Don’t Be Entrepreneurially Ignorant

Startup Company

Startup Company

Over the last six months, I have been hatching, incubating and nurturing a technology startup. Part of the process has been getting out there and networking with the technocrati of Silicon Alley. I have been attending meet-ups, conferences and events to “reconnect” with the startup community.

What has astounded me the most has not been the rate of technical advancement (the barriers to entry are literally nil), but the – and I say this with the utmost respect – the utter lack of knowledge about business. I cannot tell you how many times (hint: a lot) I have heard a would-be-entrepreneur utter phrases like, “I have this great idea…”, “Do I need a [business plan, business co-founder, technical co-founder]?” “What does MVP mean?” or “I have no competitors!”

Let me set the record straight:

  1. Everyone in the room has a great idea.
  2. Yes, you need a business plan. Maybe a co-founder. Maybe a technical co-founder. It depends on your experience, your network and your previous successes.
  3. MVP means minimal viable product.
  4. If you think you don’t have competitors, you haven’t done your homework and you are setting yourself up for failure.

So with that, I am going to share some “go-to” places so that you can educate yourself. As an entrepreneur, you have to remember that everyone you meet matters. The last thing you want to do is put your worst foot forward! And as an entrepreneur, if this idea or this business is your passion, if it is what you love and believe in, then you must do everything in your power to help it succeed. Start by getting smarter than you already are.

General Entrepreneurial Sources

(Source: NewYork Angels)

My list of “Must Reads”

Blogs That Matter (to me and maybe you)

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Author:

Lydia Loizides

Lydia Loizides is serial entrepreneur, technology provocateur and relentless challenger of the status quo. She spends her days as Founder & CEO of Talentedly, a technology company on a mission to help people grow from good to great at work (technology + people = amazing results). The rest of her waking moments are spent running, reading, learning, and trying to prove that the answer to the ultimate question of life, the universe and everything is 42. You can follow Lydia @lydiaNYC @GetTalentedly, on LinkedIn and the Huffington Post.

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