executivewoman

Incredible,

Famous Pr. Choffray (Ph D. MIT) shared with me 7 Principles if you want to be a successful entrepreneur. Here there are !

Principle #1: Start little and learn while growing -> keep away from fantastic projects which need only some funds ...
Principle #2: Keep checking the Company's KPIs (Key Performance Indicators) -> the best way to succeed is not to fail ;o)
Principle #3: Be strategically flexible and create value -> protect your equity and shrink costs because remember that 1 euro spared means 50 euros less revenue needed !
Principle #4: Minimize risks by investing part of the revenues in more investment-friendly countries -> the UK for example ...
Principle #5: Nothing can be achieved without the Entrepreneur's agreement -> always hold at least 60% of the capital and anticipate administrators conflicts ...
Principe #6: Company's interest should prevail Owners interest -> never compromise !
Principle #7: An entrepreneurial project can pretend to be a success if it has been valued -> you have little second chance to be able to sell your company at a good price ...

In other words: FAIL TO PLAN ... PLAN TO FAIL !!!!!