How to Find a Business Partner?

In the previous chapter, we discussed about running your business solo vs. running it with a partner. In this chapter, let’s look at how to find the right business partner, should you choose to go ahead with partnership. The most important criteria in choosing a partner is that they should have strengths that are complimentary to you. If you are an introvert, partner with an extrovert. If you are an extrovert, partner with an introvert. Introverted business leaders are great at doing deep work necessary for the business. Extroverted business leaders are great at selling and getting along with people. …

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Do You Need a Business Partner?

In your entrepreneurship journey, one of the most important decisions to make would be: whether to have a business partner or not. There are pros and cons to both scenarios. Running a company solo has its benefits and pitfalls and so does running it with a business partner. There are successful companies in the world which has been led by partners as well as by single men. Amazon, one of the largest public companies in the world is led by Jeff Bezos. Facebook, the largest social network in the world is led by Mark Zuckerberg. They are not being run …

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Balancing Idealism and Realism to Grow

Entrepreneurs come in different personality traits. There are many ways to classify one’s strengths and weaknesses. But one of the most important thing to look for is the balance between Idealism and Realism. People who are realists, look at present reality. They are grounded to what’s real and logical and very emotionally stable. Such people are also highly analytical. For example, Warren Buffet is a realist. He is very vocal about his inability to be creative and do entrepreneurial things. Some entrepreneurs like Elon Musk are great idealists. They create a ideal world in their minds and try to achieve …

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The Boredom in Entrepreneurship

Most of the entrepreneurs would say that it is exciting to be an entrepreneur. From the moment that you get a spark to start something, all the way to having an exit from the startup, there are many highs in entrepreneurship. However, while building your startup, you will encounter many areas where you just have to get a lot of boring tasks done. Doing the same thing for years that helps your startup grow is often underrated. Many new entrepreneurs are looking for the constant highs and sometimes get disappointed to discover how boring some things can be. That’s why …

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Learn to do Deep Work and Eliminate Distractions

Entrepreneurship involves juggling a lot of balls. There are many things to take care of from finance, legal, human resources, products and clients. It is normal for entrepreneurs to get distracted during the work day because there are just so many things to do. However, if you are doing all the things and not focusing on your core work, your business can take a beating. With any startup venture, the creation of the product and marketing it (the two most important activities in a business) is usually done by the founders themselves. For example, in my business the core activities …

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