Advice from Entrepreneurs

Last week three students' fathers spoke with our class to offer their advice on entrepreneurship.

Here's a snapshot of what Tom Schuler, Ed Kennedy, and Curtis Anderson had to say:

• People need to willing to take risks
• Being an entrepreneur = being a leader = vision + being able to delegate
• Must be willing to make a decision and move on (let go of control)
• To be a leader = growth potential
• Be aware of what you don’t know
• Understand your customer
• If you don’t know where you are going, you can’t get there
• If you don’t know where you are, you can’t move forward
• “Entrepreneurial gene” is in 3% of people
• Figure out what you want to do
• Figure out what you are good at
• Get really good people around you to grow the business
• What you need: great idea, good plan, $$$
• Cash flow management is the lifeblood of a business; essential problem

Good luck!!