Editor’s Note: Entrepreneur Richard Branson regularly shares his business experience and advice with readers. Ask him a question and your query might be the inspiration for a future column.
Q: I am an architect and a young entrepreneur. It’s fairly obvious that most of the world’s great entrepreneurs had issues with their early education. Why is this the case? —
This is a very good question, and one that I am often asked by students around the world as they weigh continuing their studies against starting up their own ventures and diving into the world of business. In addition, many also want to know how I was able to start my own career while I was a young student struggling with my schoolwork, and how I eventually got people to take me seriously as an entrepreneur.
Looking back, I believe that the qualities that make for a great entrepreneur —…
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One of the more common requests I receive from entrepreneurs is for feedback on an idea. Idea-stage entrepreneurs are always looking for external validation of their idea, and it’s often easier to talk to other entrepreneurs as opposed to finding potential prospects. My response right now is that I’m happy to help answer questions once they have 10 paying customers as my focus is on helping entrepreneurs get from 10 to 100 paying customers and not from 0 to 10. Yes, getting from 0 to 10 is where most entrepreneurs fail, but it’s also a good way to filter down to those that are making early progress.
Here are a few recommendations for entrepreneurs wanting feedback on an idea:
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