Entrepreneurship and its dedication to business plan is not as good as it is

"If you are still spending time doing business planning or planning for profit, I advise you to put those aside."

Here are three tips he gave to entrepreneurs:

1, with its full bet idea, it is better to find ways to improve the team

"Great teams naturally have great ideas," William said. "There's no one, a team leader is usually better than others in some respects, such as vision, such as the courage to take risks." Policymakers - especially technology Decision makers - usually divided into two types: one is like Jobs, not proficient in technology but with a strong market perception; one is like Steve Wozniak, a tech madman but lacking market sensitivities. The so-called a hero three gangs, no matter what kind of situation, policymakers have to find the right team to make up for their own deficiencies. "For start-up companies, we value three elements: the market, the team, the idea, where the team is our top priority, followed by the market, and finally the idea itself."

2, rather than how to make a good product once and for all, it is better to think about how to quickly implement the idea

"No matter how good your predictions of the market are, it may eventually be overridden by real market feedback." William said, "On average, only one out of every 30 startups can be successful - and only if it has to invest first Such a high risk means that entrepreneurs need to come up with ideas as soon as they can - even if the products they come out of reach only 10% of their expectations, so investors can understand if the product has a market that resonates with users before Have access to investment. "

With the initial product, you can adjust based on market feedback. "The product has to be iterated quickly, and the more iterations you have, the more chance of success."

Because of the need for rapid iteration, William suggested that start-ups should have a fixed office space that brings together the human and material resources needed by designers, technicians and other products. "If you need to get these technologies from the outside every iteration, the funds will be quickly depleted if designed to support them."

Instead of taking the time to write business plans, it is better to clarify the future direction of the company

"A lot of team leaders write well-planned programs that take the business model off the ground, but they just do the same." William said. "The key to starting a company is to have a good plan, but in fact it's It does not mean that you do not need to look forward, nor does it mean that entrepreneurs need to lay down dogmatism and seriously consider the company's strategic vision or But you do not need to write that down into a 40-page business plan. Instead of listening to 10 users at this time,

Author: William Hsu, Los Angeles startup accelerator MuckerLab's co-founder, worked in AT & T and eBay held senior management positions.