Many founders/entrepreneurs often get taught the misconception that investors are the first step in setting up!
Today, the method has changed and so should you! In the rise of startups, following the Lean Startup method is the norm now.
VCs are more focused on scaleups on existing products.
While business plans are important, engaging in customery discover and feedback will ensure you are far more in touch with your product and market than any theoretical business plan can make you be!
Don't focus on the plan, focus on the planning!
Many may think you should keep ideas to yourself for fear of idea poaching. Don't fear idea sharing as you may benefit from early customer interaction and input!
Afterall, your idea is only a start, success is proven in its execution!
Some prestigious business schools emphasize on networking; you cannot succeed without knowing someone to pull you up.
While important, it is not the guarantee of success. As an entrepreneur, this should not be a hurdle in your way!
Fake confidence, which is necessary but do not ever fake knowledge! You should never pretend to know something that you don't. It would be harmful to your business as well as unsustainable.
Be truthful and when in the grey, be ever ready to learn.
While investors are important when you are scaling up, you should always put your customers first!
Never remove your customers as your number one priority and chase them, not investors!
While previously entrepreneurship is tied strictly to academia and taught through case studies, it has been redefined especially in this era of tech start-ups.
Entrepreneurship is a journey beyond reading and academia. Go for it!