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Be Good - Best Practices for Entrepreneurs

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Nov 7, 2008 13:18 EDT

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http://www.paulgraham.com/good.html

Paul Graham
Blogger and venture capitalist Paul Graham arrives at a surprising conclusion when he combines his two best pieces of advice for entrepreneurs ...

About a month after we started business, we came up with the phrase that became our motto: Make something people want. We've learned a lot since then, but if I were choosing now that's still the one I'd pick.

Another thing we tell founders is not to worry too much about the business model, at least at first. Not because making money is unimportant, but because it's so much easier than building something great.

A couple weeks ago I realized that if you put those two ideas together, you get something surprising. Make something people want. Don't worry too much about making money. What you've got is a description of a charity.

When you get an unexpected result like this, it could either be a bug or a new discovery. Either businesses aren't supposed to be like charities, and we've proven by reductio ad absurdum that one or both of the principles we began with is false. Or we have a new idea.

I suspect it's the latter, because as soon as this thought occurred to me, a whole bunch of other things fell into place.(more ... click on the link above)

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Be Good - Best Practices for Entrepreneurs

Relevant Subject and Topic
What is an Entrepreneur, Importance of Entrepreneurship, Policy Building, Life Long Learning, Work-Life Balance, Inspiration, Hard Knocks, Vision, Mission, Advisors and Mentors, View more...

Types
Article
Best Practice

Features
Informative, Educational, Entertaining, Persuasive, Inspirational, Experiential, Competitive, For Individuals, For Groups or Teams, Text

Format
Document, Blog, Webpage

Copyright Owner
Paul Graham

Most Suitable For Use By
Instructors, Learners, Entrepreneurs

Age Appropriateness
Adult(19+)
Youth(12-18)

Grade Appropriateness
High School, Postsecondary, Graduate, Adult General, Professional

Geographic Suitability
All or Non-Specific

Language
English

Education Standards Maps
US National Content Standards for Entrepreneurship Education – Summary Version

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