‘What makes a good entrepreneur? Are they born or made?’
‘Entrepreneurs constantly question and challenge business scenarios and always look for a way to make things work better or introduce a new product or service.’
‘Not all entrepreneurs run their own businesses. Are you, or could you be, an entrepreneurial employee?’
‘The most important thing when planning your business should be the accuracy of your facts and statistics. Don’t let passion cloud your judgment.’
‘Understanding every aspect of your business is of paramount importance when talking to lenders and investors.’
‘Choosing the correct business structure from the outset will save you money and taxes and may protect you from legal issues down the road.’
‘If you don’t have enough seed money to begin the process of starting your own company, find a creative way to raise it.’
‘Be willing to invest your own money and assets in your business before asking lenders and investors to risk their money.’
‘Prepare a professional presentation when approaching potential investors.’
‘Never take for granted that your financial statements are correct. People make mistakes, so they can be wrong. Have someone you trust, a good financial person, look after your financials.’
‘Overconfidence in your product or service can be dangerous.’
Source
Tom Golisano (2020). Built, Not Born: A Self-Made Billionaire’s No-Nonsense Guide for Entrepreneurs
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