Essential lessons

By Heidi Roizen via stanfordbusiness.tumblr.com   Article

10 Essential Lessons for Young Entrepreneurs

“Draper Fisher Jurvetson Operating Partner Heidi Roizen (MBA ’83) …

1. Look for hard projects and problems to tackle.
‘If you’re not doing something hard, you’re wasting your time’ …
2. Don’t compromise your ethics. Ever.
If you cheat, you will end up regretting it. …3. Trust your gut.
Our intuition is built from months and years of observing human nature and interactions; it has been informed sometimes in ways we don’t even understand – so trust in it. …

4. Strive to NOT be the smartest person in the room.
… Your job is to manage and empower your team – not to know more than them.

5. Every time you meet someone, think relationship – not transaction.
… Strive to build a connection with the people you meet so that when you actually need to ask them for something, you will have a deeper relationship as a foundation and will be able to collaboratively help each other.

6. Expect that life is going to be messy.
‘Life actually is really, really random. Bad things will happen to you. You will fail, things outside of your control will happen.’ Expect the messiness.

7. Get back up when you fall down.
‘It’s not how many times you fall down, it’s how many times you get back up,’ Roizen emphasized. ‘If you fall down and stay down, you will be down for the rest of your life.’

8. Allow randomness into your life.
Go to a meeting without an agenda. Meet somebody new. Allow yourself to be open to random opportunities.

9. Follow the 20-40-60 Rule.
… ‘when you make mistakes, don’t worry about it. Because no one is thinking about you as hard as you’re thinking about yourself.’

10. Be your own advocate.
… if you are involved in something you don’t like, you need to empower yourself to go do something else because no one is going to do it for you.”

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