Tonight I was speaking with entrpreneur David Eedle who sold his start up www.artshub.com.au for some big money in 2006. When asked what matters for web startups he said the following:
The same principals which matter to any business. The principals never change. He also said these things in particular matter:
- Earn more than you spend
- Get your value proposition right – clue it’s not ‘free’
- You have to sell something before you sell the company
- You can’t do it by yourself – you need some awesome people to help you, but less than you think. Think in handfulls.
- You don’t need dedicated resources and high end tech stuff. It never wins.
And startup blog agrees with every word.
I like the article. You need to surround yourself with people that are going to help you. With starting a business you can never do it alone.