27 Quotes Every Entrepreneur Needs to

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27 Quotes Every Entrepreneur Needs To“Get” To Succeed 1. “Shallow men believe in luck…Strong men believe in cause and effect. [via Ralph Waldow Emerson].” 2. “The best startups might be considered slightly less extreme kinds of cults. The biggest difference is that cults tend to be fanatically wrong about something important. People at a successful startup are fanatically right about something those outside it have missed.” 3. “Of the six people who started PayPal, four had built bombs in high school.” 4. “A startup is a team of people on a mission, and a good culture is just what that looks like on the inside.” 5. “If your product requires advertising or salespeople to sell it, it’s not good enough.” 6. “It’s always a red flag when entrepreneurs talk about getting 1% of a $100 billion market. In practice, a large market will either lack a good starting point or it will be open to competition so it’s hard to ever reach that %1. And even if you do succeed at gaining a small foothold, you’ll have to be satisfied with keeping the lights on: cut-throat competition means your profits will be zero.” 7. “You’ve probably heard about “first mover advantage”…but moving first is a tactic, not a goal…It’s much better to be the last mover—that is, to make the last greatest development in a specific market and enjoy years or even decades of monopoly profits.” 8. “The most contentious question in business is whether success comes from luck or skill…Steve Jobs, Jack Dorsey, and Elon Musk, have created several multibillion-dollar companies. If success was mostly a matter of luck, these types of serial entrepreneurs probably wouldn’t exist.” 9. “To a definite optimist, the future will be better that the present if he plans and works to make it better…To an indefinite optimist, the future will be better, but he doesn’t know how exactly, so he won’t make any specific

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