As you can see, Empower Lounge welcomes the awesome advice of male entrepreneurs. Women may be launching more businesses than men but research shows they’re building bigger businesses when it come to revenue so we want the inside scoop on how they make it happen! So much, that we’re even working on a “How He Did It” series (send your recommendations to us!) to encourage more collaboration and sharing between male and female entrepreneurs so together, we can build big, kick-ass, world-changing companies.
In the meantime, Neil Patel’s article 15 things I wish I’d known before starting my first company is a must-read and some of the best business advice you will ever read. Not to mention, Neil has been recognized by the Wall Street Journal and Entrepreneur as top influencer and entrepreneur on the web. In between building his company, KISSMetric, into a $100M company and helping non-profits – he has a passion for sharing what he’s learned with aspiring entrepreneurs at QuickSprout.
15 Things I Wish I’d Known Before Starting My First Company
Lesson #1 – Swing for the fence
Here’s the deal…it takes as much effort to create a small company as it does to create a large one, so you might as well swing for the fences.
What does that look like? Well, the first question you have to ask is this: are you are a slugger or a base hitter? In other words, what is your tolerance for risk versus reward?
Lesson #2 – Create a simple product
Some of the best products are simple. Take the iPad, for example. I bought my dad one and was about to tell him how to use it. He grabbed it from me, looked at it (the iPad was on already), and started swiping away. He didn’t need a degree in rocket science. The same is true for products and services like Google and Amazon.