What's the best piece of advice you have ever received as an entrepreneur?

shishir

Advice is one thing everyone gets in truckloads in every phase of life. So what's the best piece of advice you have received in your entrepreneurial journey so far from your customer, colleague/co-founder, VC/angel/incubator or anyone else?

harshgagrani

I read this somewhere (on quora, from what i remember), and it's now printed on a poster in my office. Might not be directly relevant to the question posted here, but you just can't do survive without it.

"Criticism is the breakfast of champions"- Anonymous

harshamv

"Its never Business, its always personal."
"Dont do a startup, Run a business from day one - calculate your profit and loss."
"Its okay to say no to customers."

venkatk

"stop building and start selling what you already have"

sinha

My ex-boss once told me that:

"You are too honest to be a sales/marketing guy. The day you start on your own, you will have to change"

nikhilv

You can't.

*cue rage face saying fffffuuuuuuu*

suhastech

"Just F ing do it!"

More on that: http://blog.asmartbear.com/your-idea-sucks-now-go-do-it-anyway.html

avlesh

"You don't sell to enterprises, you sell to individuals. Make them feel important".

Gaurav

This is from Anand Babu (co-founder at Gluster), which guides me when we face new challenges.

"Failure is when you give up, everything else is only a difficult situation"

Viren

"Impossible is nothing, You just need to find the right people"

"Hunger is the best teacher in the world"

sinha

One of most fav has been - 'Do NOT hire a team that needs to be motivated' [article: 3 Do’s And Don’ts For Early Stage Entrepreneurs]

Divyesh

"Its not about how quick you make your first million, its about what you do to make your first million"

Sameer

Just heard : Diligence is the mother of good luck.

Sameer

Just came across this:

Satendra

"Plans are worthless but planning is important"

Once a US army personal told his soldiers that in my entire career, nothing happened which was planned. But it was the planning which made the way to get out of shit.

sumandash

"Focus on profit margins and cost efficiencies from day one, as much as you can, do not leave it for future or use growth as an excuse to hide inefficiencies."

Ashvin

"How much goes in your bank is not just important but its super motivating than anything else - Even if its just a rupee!" - My dad

"Speed, Quality and Excellence of a product directly relates to the weakest member of the team" - My learnings

"Building a product is just 30% of the game, remaining 70% is the right combination of everything" - My learnings

Thiagarajan

My Prof. gave me a best piece of advice ever.. "It's important how we do, rather than we do.."

sukhneer

"Never underestimate the power of carefully worded nonsense !"

Awesome question btw

shishir

Thanks @sukhneer

sameerparwani

@avlesh, that's great advice. The book Three Steps to Yes by Gene Bedell is all about that same concept and I highly recommend people read it.

Sagar

I'm too much of a newbie to give any serious advice but one thing I am personally experiencing now is something I have heard a lot of people say :) and that is - if you want to sell then solve at least one problem well.

shishir

Good one @harshgagrani

W_i_ECAN

A doctor told me some 10yrs back.

don't try to to do the impossible.

1st try to do what is necessary,then try to do what is possible.impossible will automatically happen after that. :).

I found it so true many times in last 10 years.

rabigupta

"stay away from bullshi* tasks/people. focus only on what is important in long term" Sameer from Morpheus :)

mayankbid

If it's not sustainable, don't do it from day one.

Sameer

http://www.forbes.com/sites/martinzwilling/2012/05/20/startups-are-all-about-the-execution-so-tell-me-how/

is good. Everyone says "Execution is important" but this breaks it down nicely.

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