Re: [entrepreneur-733] STARTUP ADVICE in about 3 Words - Sil Vy Entre Meetup

From: user 7.
Sent on: Saturday, January 16, 2010 11:39 AM
Great Response and Post!

My company currently have been focusing on large clients and relationships
and the deals take a little longer to close. What I want to add is it is
about how long you can last without burning all of your funds because
there are so much opportunity down the road. You have to focus on setting
your priorities. If you wonder off your path just make sure that it is
bringing in revenue the next day and not 3-4 months later because you will
be gambling your effort and time. It is also luck and a lot to do with
skills, your team, and your business networking.



> This is a really good post Peter!
> While "Avoid tempting distractions" is a good advice, but we did that, and
> may be got lucky with it. We started a a social gaming site early last
> year (before I talked with you), but towards Sept, we came up with a very
> compelling iPhone app idea, and decided to take a diversion. Were able to
> launch after few months. During this one&half month of release many blogs
> (including TechCrunch article) have helped us keeping the momentum going.
> Regardless, a great list there... and with your permission, I will post it
> on my blog.
> regards,
> - Satyajit
> iRewardChart: "Smart parents, smart kids, and a smartphone"???
> Twitter & Facebook: @iRewardChart
> ____________________­____________
> From: Peter <[address removed]>
> To: [address removed]
> Sent: Sat, January 16,[masked]:32:02 AM
> Subject: [entrepreneur-733] STARTUP ADVICE in about 3 Words - Sil Vy Entre
> Meetup
> STARTUP ADVICE in about 3 Words
> 01/15/10
> from [address removed], Organizer
> 5 Star Startup Services
> (408)[masked]
> Be stingy with your cash.
> Pick Founders carefully.
> Hire generalists early, specialists later.
> Create your own culture.
> Avoid tempting distractions
> Support Cust fanatically.
> Keep some 1 Pagers with you all the time.  Pass ???em out.
> Write Exec Summary
> Keep you Biz Plan short
> Have a Web Page, Blog.
> Never fudge numbers.
> Encourage diverse thinking.
> Use your time wisely.  Is it getting you closer to your goal/s?
> Don???t Rent Space, till you absolutely have to.
> Get enough sleep, so your brain is max effective.
> Don???t give ground.  Delay raising capital, till you have proven your
> model, and Investors cant resist you.
> Survive the Downturn and you can ride the next Boom Wave to new heights.
> Get just enough data, then decide.
> Continuously improve your product/service.
> Recognize revenue consistently.
> Start charging early.  Raise it when you have proven yourself.
> Reward early adopters.
> Talk to Prospects contin-ually, to tell them about your great Product and
> how it will help them.
> Communicate your Dream to your Candidates.  If they buy it, hire them !!
> Nurture your best, coach the rest.
> Treat vendors well.
> Believe you???ve got the greatest thing that???s ever been created.
> Respect your Competitors.  Get to know their strengths; figure out how to
> beat ???em.
> Try something new.  New app, new distribution.
> Build a brand & you???ll build momentum.
> Focus, focus, focus on your core competency.  Get better.
> Use your own Product.  Have your Staff use + Family & Friends.  Get
> Feedback
> Live your vision.  Help your Staff catch your enthusiasm.
> Encourage rational debate of new ideas.
> Make decisions swiftly.  Observe results, adjust accordingly.
> Talk to those who are honest with you.
> Face harsh realities.  Just do it !!!
> Remove obstacles
> Guard your health. Maintain a good body & your brain will give facts at
> max.
> Celebrate your successes.
> Share your success with all who will listen.
> Cancel unnecessary meetings.
> Keep Staff informed of what???s happening.
> Continually grow your Staff.
> Maintain your relation-ships, network
> Keep it fun.  Take a break.  Play !!!
> A little Sales fixes most everything.
> Ship early, get feedback, then test.
> Under promise & over deliver
> Be a ???lean??? machine and you???ll be a ???green??? machine - making
> money !!
> --
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Thy Nguyen
Xillent Corp
2175 The Alameda Suite 200
San Jose, CA 95126

Toll Free: (866)WEB 0101
Skype: ictluck

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