Many entrepreneurs may think that they know it all, the fact is that some of them really do know it all. But other entrepreneurs may need to have venture partners like Jana lightspeed to get them where they need to go. Jana lightspeed venture partner has seen what it takes to grow a company, she has seen what type of people grow companies and the various things that they have to go through on a regular basis. As such, she continues to strive and help those who she advises strive as well.
Here a few things entrepreneurs should know before they go down the rabbit hole of entrepreneurship.
Always Have Something You Can Offer To The Market
The fact of the matter is that it is not about you and your ideas. It is about you and how you can fit into the market. Stated in a more plain manner, it is about you and how you can make a difference in the lives of your customers. The only thing that matters is your relevance to your customers and then how many customers you can bring on over time.
The first part matters because that is how you build a business, always serve the market and serve a base of customers. The second part matters because that is how you become a successful venture backed company, have the ability to continue to grow your customer base, capture more revenues and improve your gross margins to capture more dollars and profits.
There is also a third point in this piece of advice. The third point is to have a hard skill that you can bring to the market at an early stage. Let’s say that you want to jump into entrepreneurship full time, let’s also say that you have a current job.
What do you have to do? Well, since you are not able to replicate and share consciousness with a second entity that is also you, you must go ahead and generate revenues on your own while you have a full time job to support yourself.
What is the best way to do this?
Have a skill set that the marketplace would appreciate. This skillset will vary for each individual. A hard skill set like graphic design, or web development, or mobile programming is something that is certain to be appreciated by the market.