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Advice for Student Entrepreneurs – BusinessWeek NYEW.org

October 10th, 2009 by admin No CommentsNo Comments

Advice for Student Entrepreneurs

Posted by: John Tozzi on April 20

Some entrepreneurs who got their start during or shortly after college shared lessons learned this morning at a panel for New York Entrepreneur Week at NYU’s Stern School. My biggest takeaway from the talk: young entrepreneurs need to surround themselves with the right people to succeed. That means co-founders or top employees who complement your strengths and weaknesses, experienced advisors who know the industry and have started companies before, and investors who bring expertise and can guide your company in the right direction.

Despite the mythology of the dorm-room startup founded with your best friend, that may not be the smartest way to build a successful venture as a young, first-time entrepreneur. Your friends are often not the best business partners, in part because they may be too similar to you, says Sergio Fernandez de Cordova, co-founder of Fuel Outdoor Advertising, one of the panelists. β€œBe careful when you’re doing this with friends,” he says. β€œ70% to 80% of the time, they end up being failed opportunities, and then friendships tend to fall apart.” read full post

Advice for Student Entrepreneurs – BusinessWeek.

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Filed under: Personal Development, Self Help, entrepreneur assistance, entrepreneurship, small business advice, small business consulting
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