Friday, October 26, 2012

5 1/2 More Entrepreneurship Facts

Here are Yisroel Quint's 5 1/2 facts from the Women Entrepreneur's Summit on Monday, October 22, 2012:


Five and a half things I learned were:

1. "Orville Wright didn't have a flying license": You don't need to be an expert to have a genius idea.


2. You need to be able to sell your product just as much as you can create the product.


3. "There's nothing new under the sun": Most of the ideas presented at the conference had lots of competition and weren't anything revolutionary, but small innovation makes them worthwhile.


4. It's important to acknowledge an imperfect idea and be able to take constructive criticism because only having "yes men" around you will cause stagnancy.


5. Money will be lost before it's gained. Most of the people, when presenting, showed losses for the first couple of years.


5.5. You don't want to present last at a long conference because most people will be itching to get out of the door.


Yisroel Quint

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