11 things to know before you start a business

"11 things to know before starting a business"

Neil Patel founded a number of companies, and recently shared his 7 years of experience in the entrepreneurial process:

1. Investors like to find excuses for them not wanting to invest. Every investor will tell you why they can't invest, but some of the reasons are to sound like they're kind, so you have to ask them what changes they can make to win opportunities.

2. A large sum of money does not mean that you will get a higher salary. Because you raise your salary means you have a lower control of the company.

3. Options are the quickest way to dilute your own equity. A cautious approach to the Company's option division is given to employees who are important to the company, not to consultants from some companies.

4.9% of start-up companies are a waste of time. Many of the things that you learn in a start-up company can be learned online. When registering an activity, first look at the attendees.

5. Live in Silicon Valley, but not everything depends on Silicon Valley. Like your users, they are not people who live in Silicon Valley, so you need to listen to users in a wider area.

6. It's never too early to make money. If you make money, you may not be in a hurry to earn money, but that's wrong. Think of some ways to make money and try it as early as possible so you can learn more.

7. Experienced employees may not be better than newcomers. You're going to pay a lot of money to hire experienced employees, but don't forget that some of them are fit to work in big companies, while small companies require quicker execution and a lone fight, when new people are more likely to challenge their desires.

8. Social circles determine your development. If all the people around you are smart winners, you'll be quicker to make progress.

9. Don't live in imagination. If you often read entrepreneurial stories, it seems that everyone is not difficult to succeed, but this is not the case. Don't start a business in order to pursue an entrepreneurial lifestyle or find it easier to start a business. You need to be sure you're really solving the problem.

10. Pursue what you really know. Instead of doing something for a moment of passion, do what you really know. Why did Buffett invest in success, because he had to look at it. He won't invest in Microsoft because he knows he doesn't know the technology industry.

11. Successful people do not always know what is best. Other people's experience may not be entirely suitable for you, so selectively absorbed.

"The big plan of the science and technology industry database Crunchbase"

The U.S. well-known technology blog TechCrunch's industry database Crunchbase quietly developed six years. Users can search the database for the development of technology companies and related news. Currently, the database has 105,000 companies and 140,000 individual profiles submitted by 90,000 users.

Recently, the product has identified future development plans. Although the deployment of specific products will show up in the next few months one by one, it is now revealed that the team will publish a high-quality developer case using the Crunchbase API on the product blog. Large data analysis start-up company SiSense provides an investment analysis and data visualization page using the database's APIs. Investors and entrepreneurs can use the product to understand important market conditions, such as the annual financing cycle of start-up companies.

"Everest: help you realize your dream application"

Is there an application that will help you live healthier, smarter or happier? Or it can make your dream come true by splitting it into achievable steps. Everest is such an application. Investors behind it include Peter Thiel, who has invested in Facebook.

To help users quickly understand that if they realize their dreams, the application will provide a number of cases that have already been built, and learn how to do it through the steps that others have made to realize their dreams. That is to say, users can learn from others and build their own ladder to success.

Once the plan is set up, the application will alert the user to which step to complete, according to the established time. When a user completes a step, he can take a picture of himself or record the completion. In addition, the application has introduced social elements, so that friends encourage each other to complete their dreams.