What do you need to be a successful entrepreneur?

What do you need to be a successful entrepreneur?

Reshmi Nair 07.03.2018



Ian: At one of the recent LinkedIn Local in Toronto, they were talking, you may have said it. You don’t need a degree to be an entrepreneur or be successful.

Manu: I got in trouble for that!

Ian: Many people would probably disagree with you, many people may agree with you.

What tools do you need to be a successful entrepreneur?

Case by case basis right? Off the bat. You do you.You’re a college student that hates college, quit. If you’re a college student that loves college, see a benefit in being an entrepreneur and … good for you.

I am no one to tell you what to do. All I can say is what I’ve learnt from my experience about being an entrepreneur is two things.

One, you have to start somewhere. Don’t plan. I mean plan but don’t go too much into it where you chase yourself out of an idea right? You’ve spent two weeks and, ‘Ahhh it’s so bad. Ahh there’s so many competitors! Oh my God.’ You’re going to jinx yourself out of the idea without even starting.

What I mean by starting isn’t putting $20,000 into the business off the bat. You need to try something. If you’re trying to build an app, go on invision.com, build a prototype, put it out, get feedback. Boom. Love the idea? Great, continue.

If you’re having service, go to your community of 200 to 300 people. Interview them or just knock on their door. They might not open, they might call you something. Take it with a great assault and move to the next house. Ask for feedback and if you get good feedback that gives you a better choice of whether to go along with the idea or not than being in your dining room and being like ‘the idea is so good’ or ‘oh the idea is so bad’.

The second big thing behind being a good entrepreneur is surrounding yourself with the best. Learning from the best and being humble at all times. Even the people who are at the top, the Jack Ma, the Richard Bransons, the Elon Musks of the world. If they’re still being humble, you should too.

Who’s your idol?

I don’t know. I don’t have one, I have many but in the entrepreneurship space it would probably be Jack Ma.

What do you think of Elon?

I like, I like everything he does. The only problem with Elon is I have a very hard time relating to him because I’m not a super genius freak. I love the drive, but man I wish I could understand his work.

Ian: He is, he is...watching his stuff and you see his mind thinking... It’s crazy.

Associate Consultant | IT