5 tips for a new generation of entrepreneurs
Here are five tips for a new generation of entrepreneurs that came out of the day:
5. Get the business model right
Neil Stephenson, CEO of Onyx Group, stressed the importance of making sure your business model works. You need to find a market that is ripe for disruption and make sure your product is better than your competitors – having a sound business model will help you to do this. If you have a great product and a brilliant team then success is far more likely.
4. Trust your instincts
Sam Driver, Director of Thousand Yard Films, highlighted how crucial it is to trust your instincts. I have made hundreds of decisions that accountants and lawyers completely disagreed with, because I had a feeling they would work. Sometimes the rulebook is only there to be thrown out, and the right decision is your initial instinct.
