NEWH - August 2006 - (Page 14)
the entrepreneurs
10 commandments
by Karlin Sloan
Know Thy Limitations
“The critical ingredient is
getting off your butt and
doing something. It’s as simple as that. A lot of people
have ideas, but there are few
who decide to do something
about them now. Not tomorrow. Not next week. But
today. The true entrepreneur
is a doer, not a dreamer.” -
One big challenge for all of us who
choose to break out on our own and
start our own venture is to remember just how human we really are.
No, you can’t work until 3am every
night and expect your work to come
out well. Remember, just because
you CAN doesn’t mean you
SHOULD. Think about just how
much you can do, and don’t try to
do more. The big idea here – to
make sure you don’t burn out
before your business has a chance
to take on a life of it’s own.
Nolan Bushnell, founder of
Atari and Chuck E. Cheese’s
Play to Thy Strengths
1. Know Thy Limitations
Ah, yes. As well as remembering our
limitations, we should remember to
spend 90% of our time doing what
we are the very best at doing. When
you’re an entrepreneur, much of
your time may be spent filling multiple roles, and running full steam
ahead on things you may not be
2. Play to Thy Strengths
3. Bring In Help When
Possible
4. …And Thine Help Must be
Good Help
5. Thou Shalt Leave Work
Every Day
6. Thou Shalt Prioritize
7. To Thy Customer, Pay
Attention
8. Get Thee to a Coach
9. Bootstrap Thyself
10. Thou Shalt Assume the Best
14
that great at. While this is par for the
course, remember that you’re in
your business because you’re good
at something. Do that, and get
other people to fill in where you’re
least valuable.
Bring In Help When Possible
The best decision I ever made as an
entrepreneur was to spend the
money and get some high-quality
help. A good lawyer, a great
accountant, administrative support,
and folks to do what I’m not an
expert at. It takes me 20 minutes to
file a piece of paper that should
take 20 seconds to put away…why
not hire an admin to help, and
spend my time doing what I’m good
at – talking to my clients?
…And Thine Help Must be Good
Help
Oh, my…do I have stories about this
one, not just from my own experi-
Table of Contents for the Digital Edition of NEWH - August 2006
NEWH - August 2006
Letter From the President
Upfront
Contents
Hospitality News
In the Community
Form and Function – Technology That Truly Enhances Design
The Entrepreneurs 10 Commandments
The Power of Design: Good Design = Good Business
Katrina Relief Effort
Technology Enables Design
Technology Can Take You to a New Level
88th Annual NeoCon World’s Trade Fair
G2E Institute and Red Rocks Casino Resort and Spa
New Beginnings
Los Angeles Scholarship Winners
HD 2006 Expo Recap
Washington DC Chapter Takes Up the Torch for School From the Heart
Contributors
Coming Events
NEWH - August 2006
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