Veteran Entrepreneur's Top Five Secrets for Making A Startup Business

A veteran entrepreneur is someone who have failed once.  They learned through their failures and direct experiences, and are much more familiar with the entire lifecycle of a startup and the characters of a business.  Veterans knows everything is hard, and they don't have any illusions or prayers of hope.  

Only direct physical experience constitute real learning.

Only learning through failures means you are learning and competing. 

A veteran business entrepreneur think about five elements:
(1) the eventually brand and what the name would represent;
(2) the barrier to prevent others from entering;
(3) the exit of founder and investor;
(4) the quality of the business;
(5) the establishment of channels.

A veteran startup entrepreneur never thinks about the startup.  They think about the business they are starting. 

Dr. Chang Liu in a mold factory in Guangdong Province, China.

 On the other hand, an amateur entrepreneur have no idea about the business and have only vague idea of the startup.  They don't plan the business out because they don't have the information.

If you don't think about the finish, the start itself is not very meaningful.  You have but one chance of deciding the positioning of a business, once you start.

A veteran entrepreneur knows the following three things are hard to get:
(1) Quality is hard;
(2) Profit is hard;
(3) Talent is hard to come by.

Other things that are hard to come by include channels (you must build the channel yourself).   

There is nothing that the world must have.  No one will help you.  You must walk through every single step yourself.

A veteran also does two opposite acts extremely well:
(1) They focus extremely tight on the start;
(2) They design a scaling and growth strategy that allows unlimited growth and ceiling.

In other words, a veteran does not reach the star in one step.

Veterans do two things in their design: Extreme Focus on Start and Long Growth in Subsequent Steps.

The following is a list of videos related to this topic.

The contents and videos are produced by TeenSharks Startup School, in collaboration with Seven Parallel Consulting.  We are veterans passionate about teaching the startup process.