5 tips on how to become an entrepreneur
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Tips and guidance from recent content created by Eagle Labs, with links to the original articles and videos if you want to learn more.
Ask the tough questions before you give up the day job
Do you have the time, the skills and support to commit to your startup full time and give up your regular source of income? If not, then it may be better to continue running your startup as a side hustle before taking the leap to become a full-time founder.
Sort your seeds and your series
Startups often need funding to grow, but the language can be confusing if you are new to the world of high growth businesses. Knowing the difference between pre-seed, seed, and series A, B and C will help you navigate the funding landscape, communicate your needs and help find the support you need.
Be able to articulate your idea clearly
Developing a clear and concise business plan for your startup can be the difference between gaining investment or not – and even success or failure, in some cases. Almost as important as having a good product is being able to explain why and how it will be successful.
Educate yourself on funding readiness
The majority of startups don’t earn money for the first few years, so it’s absolutely essential that you look into existing resources for help and assistance. It all boils down to educating yourself on funding readiness and being able to admit when you need help.
Invest in young talent
Startup founders often battle with the dilemma of investing in experienced talent or taking a chance on a young go-getter. But young people are often looking for a platform to succeed—and that leads to the most creative ideas for your business.
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