Business secrets of success: Air Jordan 11 even do Nike Air Max not spend money on a knife-edgeBill Gross and his Idealab ancestor 'Network Enterprise Factory' in this area (also inspire innovative workshops Kai-fu Lee to do the people). Operational since 1996, Idealab has 'made' the 75 network enterprises, completed the 300, a total amount of up to $ 3.3 billion fund-raising. These companies now Air Jordan 2 have 35 successful exits, including the eight listed, of which there are five of the more than one billion US dollars homer Bill recently participated in the annual CEO Summit organized by First Round Capital, shares his 17 years of business experience. He said that although there are 35 successful experience, but in fact, taught him the most is that 40 failed attempts. He put these lessons are summarized below, I added some Nike Shoes of their own experiences to share with you: you do not find with a lot of different people together entrepreneurs like to find engineers to engineers, and often like-minded group. Advantage is that we close the language, communication is easy, but the drawback would do too much overlap. But, after all, is to Air Jordan 9 Retro create a business venture, a business needs to design, develop products and market need, the media, customers, partners, investors communicate more need to manage the company's accounting, finance, inventory, reports and so on. Of course, these things can be learned, but everything should start from scratch would waste a lot of time. So ideal state, co-founder Air Jordan 9 Retro of looking for values close, but a group of complementary capabilities and experience - at least to be able to cover the Product Visionary, Designer, Hacker and Hustler other four occupations. Attract 'stronger than you,' Nike Basketball the man added a lot of first-time entrepreneurs Air Jordan 19 boss, will be afraid to experience, the ability of people too inviting, Air Jordan 2 and finally eliminated himself. But the problem is that without them, there is no way the company to the next level. So you have to take this step anyway, so they force you to progress and become a stronger leader, you also have the Air Jordan 17 opportunity to become a great company. Do not even spend money on edge most of the new companies is money to burn to death, because 'to find a business model' requires opportune, no one can predict when it will happen. So, before you have not found, all as the last penny to spend every penny - and believe me, if you seriously think that all things are cheaper ways A coffee not ask him Air Jordan 15 to find another job immediately! If you can not make one at a time to get things done in C coffee to stay, not only the loss of productivity, but also make the whole company of people think that is the standard. So do not doubt, leaving him no good for each other, if he is not enthusiastic Air Jordan Others about your company, you have to do is immediately put him free and let him go quickly find him really enthusiastic. Says it will do out of business, the most important thing is credit. If you always over promise but under deliver, over time it will become shepherd children, even if he tells the truth and no one to trust you. So the best strategy is to under promise, but never over deliver. Benefits cut the Gordian knot of small companies that can reverse the wrong way again, so do not hesitate too long at each intersection. When your time, money is limited, the opportunity cost is much higher than the hesitant wrong decision - a wrong decision can learn a lesson, hesitated not learn anything. Therefore the decision must crisp, then be sure to do the tracking results, bad results must quickly repent. This is no Air Jordan 1 face, of course, you have to let the team know that this is a new start-up companies work style. Admit mistakes entrepreneurs do not need to embrace change when the saints, just Air Jordan 3 Retro as brave experimenter. Wrong on the recognition, there is a better way to change, constantly repeated revision, to be able to continue to continue to progress. Glory to the team when the team members, partners, shareholders, directors and even help you complete a thing, be sure to remember to give him enough encouragement and glory - entrepreneurs tend to be perfectionist, but remember that the team Nike SB needs you encouragement, only to have the power to continue to progress. Do not over-penalize failure to embrace error, otherwise it will make your team lose the courage to try. If the team made a mistake, everyone to review the lessons learned from it, next time do not make enough. Early confirm your product in the end there is no one to take your time and money is limited, the sooner know the version of the product in the end there is no one wants, the sooner you will be able to determine that continue to invest in it, or find another more possible product. This is the basic spirit of the Lean Startup, with the stingy no relationship, but with the money burn before lifting (lifting money?), Your chance to find business models have great relationship. Anyway entrepreneurial truth is that, contrary to the spine, but because they are too small to great reflex training, so I have to keep reminding myself found. I share Bill Gross in again review these lessons, I hope you will too. Via? Business Week