ENTREPRENEURS, TAP FROM THIS AND DO THE NEEDFUL
Starting and managing a successful Business involves the right combination of skills, hard work, and luck.
You should know that there is no set formula for achieving success as an entrepreneur. Each successful entrepreneur has taken a different path and created his or her own unique strategies and insights regarding what it takes to succeed.
Starting and managing a successful Business involves the right combination of skills, hard work, and luck.
You should know that there is no set formula for achieving success as an entrepreneur. Each successful entrepreneur has taken a different path and created his or her own unique strategies and insights regarding what it takes to succeed.
HERE is a something to go home with as you prepare for next year.
In 2012, Mark Zuckerberg bought Instagram for $1 billion. Marissa Mayer (then Yahoo CEO) spent $1.1 billion on Tumblr in 2013. Instagram had a clear mission: a mobile photo-sharing platform. Tumblr's mission was not very clear as a microblogging and social media ecosystem. Largely, in a world of Wordpress, the mission of Tumblr was clouded.
While Instagram went and became a category-king in its category, there was already a king before Yahoo bought Tumblr. It did not take long for Yahoo to write-off two-thirds of the Tumblr purchase price. David Karp, the founder of Tumblr, left Yahoo.
The best startups are those with missions. And great investors are those that identify companies with clear missions.
FROM NOW ON YOU NEED TO NOTE THIS:
If it's still not clear, there is always time now to RE-STRATEGIZE!
PS. - Learning has always been key. Read books and know your onion.
Cheers!
(c) Wisdom Bradford
In 2012, Mark Zuckerberg bought Instagram for $1 billion. Marissa Mayer (then Yahoo CEO) spent $1.1 billion on Tumblr in 2013. Instagram had a clear mission: a mobile photo-sharing platform. Tumblr's mission was not very clear as a microblogging and social media ecosystem. Largely, in a world of Wordpress, the mission of Tumblr was clouded.
While Instagram went and became a category-king in its category, there was already a king before Yahoo bought Tumblr. It did not take long for Yahoo to write-off two-thirds of the Tumblr purchase price. David Karp, the founder of Tumblr, left Yahoo.
The best startups are those with missions. And great investors are those that identify companies with clear missions.
FROM NOW ON YOU NEED TO NOTE THIS:
"IT IS NOT JUST ENOUGH TO BE BUSY; YOU MUST FIND A SPACE AND HAVE A CLEAR MISSION."
If it's still not clear, there is always time now to RE-STRATEGIZE!
PS. - Learning has always been key. Read books and know your onion.
Cheers!
(c) Wisdom Bradford
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