tag:blogger.com,1999:blog-5482057046053351889.post8896850153363516222..comments2022-12-01T17:07:06.514+00:00Comments on Brabyn.com: For an entrepreneur starting out - some tips with hindsightBen Brabynhttp://www.blogger.com/profile/04460114698722349540noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5482057046053351889.post-40015556528612287502010-10-01T09:38:22.527+01:002010-10-01T09:38:22.527+01:00I don't count myself as an entrepreneur as suc...I don't count myself as an entrepreneur as such but have worked with a few. My biggest piece of advice would be that as an entrepreneur you will have the drive, determination and passion but not necessarily every skill set required to run a successful business. The best thing any entrepreneur can do is work out where they need help and get help in those areas. Too often someone with a brilliant idea tries to do everything and isn't really able to. I have worked with people in both cases and the more successful are those who are prepared to hand over part of the work to those who are experts in that particular area. The entrepreneurs can then get on with what they do best. But I realise that it can be like handing over a baby.Emma Waltonhttp://www.waltonpr.comnoreply@blogger.comtag:blogger.com,1999:blog-5482057046053351889.post-86623102814488526662010-09-30T14:23:17.083+01:002010-09-30T14:23:17.083+01:00Having just started my business, my biggest proble...Having just started my business, my biggest problem is how to adapt my risk-taking mindset from that of a multinational company's employee to that of an entrepreneur. In my previous life "informed decisions" were crucial, but there was plenty of available information. It was the quality and speed of analysis that made the difference, so long as it didn't get in the way of timely decisions. Now, the ability to take decisions based on less information seems far more important. <br />My assumption - and a question to those of you with more experience - is that white-space businesses have a higher degree of trial-and-error attempts than established ones. The higher the sophistication, the more the competitive advantage lies on the details, rather than on the "big strategies". On the other hand, when it comes to new ideas, success may be a function of the proverbial "Just Do It"! <br />Another area that I would like to explore, is whether first mover's advantage makes sense, for businesses with low entry barriers. Currently we are facing the dilemma of making our idea known to our customers, without awakening others to it, or at least not until we reach a critical break-even mass. The worst case scenario is that we enter the market, we strain to educate the potential customers to our idea and as soon as they are ripe, a far bigger player comes into play pushing us out in a sweeping move.<br />Happy to hear your thoughts!<br />Best regards,<br />Tassos Vavladellis, GreeceUnknownhttps://www.blogger.com/profile/05329240188291301961noreply@blogger.comtag:blogger.com,1999:blog-5482057046053351889.post-22191588554851886852010-09-30T13:57:04.689+01:002010-09-30T13:57:04.689+01:00Ben, great blog, very useful insights. Thanks for ...Ben, great blog, very useful insights. Thanks for sharing.<br /><br />How's about this tip. Choose your partners with care. You're going to have to work through some big decisions together. You don't want to be tied to someone who stops running when you're in a three legged race!<br /><br />This I have learned the hard way.Dave Nicolhttp://www.davenicol.com/blognoreply@blogger.com