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10 tips for the first-time business owner

We see all kinds of entrepreneurs come through our doors at the NEOinc incubators.  Some are looking for a place to land, some are looking for funding, most all are looking for coaching, mentoring and any kind of help they can get.  While many of the entrepreneurs we meet have a significant amount of business experience, we are also seeing an increase in very capable entrepreneurs graduating from our regional universities.

Regardless of your experience or skill in entrepreneurship, this article over at Entrepreneur.com entitled 10 tips for the first-time business owner should be a must read.  It could be a simple reinforcement of basic principles you’ve forgetten to focus on, great advice for those of you just starting out, or somewhere in the middle.  Regardless – click over to the article and give it a quick read.  Lot’s of great advice.  Here’s a quick list of what you’ll find (we particularly like #2, 6 and 8):

  1. Focus. Focus. Focus
  2. Know what you do.  Do what you know.
  3. Say it in 30 seconds or don’t say it at all.
  4. Know what you know, what you don’t know and who knows what you don’t.
  5. Act like a startup
  6. Learn under fire
  7. No one will give you money.
  8. Be healthy
  9. Don’t fall victim to your own BS
  10. Know when to call it quits.
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