Gimmesome commented on the following stories on BizSugar
Your Startup Can’t Fail If You Don’t Quit
"There's a lot to be said for being determined and not giving up prematurely. On the other hand, failing early and cheaply is a great way to learn from your mistakes. If you don't invest too much of your time or money, you will be able to start over several times and get closer to success each time. The hard part is knowing when to hold and when to fold. "Don’t Confuse Business Motion With Momentum
"This is a great reminder that it's results, not effort, that count in business. Rob Adams points out that most people are afflicted with a mentality that drives them to produce tangible deliverables, irrespective of whether these contribute to the success of the business. Such "busy work" can deter people from tackling projects that may ultimately be more impactful."Is it really better to have first mover advantage?
"I agree...I think the "first mover advantage" is often overblown. Windows was not the first graphical OS for PCs, and EBay was not the first online auction site, but both went on to become dominant in their respective categories. Being first to market is nice, but being "best to market" is frequently better!"« previous1 next »
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When Starting Your Startup, Don't Count on Anyone to Help You - Except You
"Launching a new business is largely a matter of gathering the right resources and harnessing them in service of your venture. It can obviously be a frustrating experience, as your story indicates. Of all resources entrepreneurs need, external capital is probably the hardest to secure. One of the lessons of this story for me is that a bootstrapping approach is often the way to go, since it is predicated on reworking the business model to minimize the capital and other resources need to get to market."