There are a lot of students interested in working in entrepreneurship, but most don’t realize it’s possible. It’s been dramatized in many young people’s minds convincing them that working in a young company right out of school is out of the question without experience.
1. Hear Bill Warner’s "Startup from the Heart"- Bill Warner, affectionately known by some as ‘The Godfather of Boston Startups’ gives an amazing talk about how you should build a business with true intentions that everyone should hear.
Have an idea for a startup? Good. Are you ready to accept that it's wrong? What do you do when your initial idea fails? How can you turn a failed first attempt into a successful business? These question and more are answered in Getting to Plan B by John Mullins and Randy Komisar
Whether your startup is one year or one day old, this book will help you better evaluate your idea and determine your business model that will build a sustainable business. If you're a student of Lean Startups, this fits perfectly with the customer development methodology.
There are quite a few great concepts that Randy and John cover in Getting to Plan B, but I'd like to highlight a few that stood out to me:
Wouldn’t it be nice to know the question that you’re going to be asked on your interview, test, or even by your girlfriend? Well I cant help you there, but here is a list of different categories and questions that you should be able to answer when asking for money.
So you think you have an idea worth pursuing? Well do you REALLY have the resources, know-how, and the adequate homework completed in order to justify pursuing it? Or will you find out 6 months, 1 year down the road that you should have done more homework?
Here is a five-step approach to help you figure out the potential before you are too far into your venture.