The Untold Secret to Entrepreneurship Success

There are many aspects to succeeding as an entrepreneur. There is no limit for the amount of advice we can get from books, training programs, online courses and videos on how to become a successful entrepreneur. But in the past few years of trying to succeed as an entrepreneur myself – I have realized one thing. There is one important element for entrepreneurship that no one talks about. And ironically, no one can talk about it. I picked this up from a movie I watched long back… “What is that one thing that once you say it, it ceases to …

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Entrepreneurship is Boring and Difficult

Succeeding in entrepreneurship is less about new ideas, strategies, methods and hacks. It is more about doing the boring & difficult tasks consistently for a long period of time. The secrets of business are pretty simple: Make something people want Create a good product Communicate to the right customers with the right message Convert Serve and support Reward customers There is no other secret. There is no need of a 2-year MBA. If you do the above right, everything else is for hire. The hardest thing in business is empathy. If you can have empathy for your customers, and the …

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The Last Mover Advantage

Many of us have heard about first mover advantage.

If someone is the first to enter a market, then this business can capture the market and make a lot of money.

And many of us think that first mover advantage is great.

But it doesn’t make much sense in today’s world, where everything is changing very fast.

The internet connects all of us and the speed of business has gone up.

Competitors are fast to catch up and compete with you, and you will no longer have the first mover advantage.

That’s why, Last Mover Advantage is in fashion.

Facebook was not a first mover in the social network space. We had MySpace and Orkut as social networks long before Facebook.

Facebook was not the first social network, but the last social network.

Once you capture the entire market with a better product and service, and execute your ideas well, you can become the last mover.

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