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8 Things I Wish I Knew Before Starting a Business – Don Rainey

Check out the great article from Venture Beat called “8 things I wish I knew before starting a business”.  Don Rainey, general partner at Grotech Ventures says there are many experiences that, though he learned lessons from, he wishes he knew from the get go.

1. Things take longer than you ever imagine –

2. Items that do succeed tend to do so quickly

3. People will let you down

4. Good employees are really hard to find

5. Your bad employees rarely quit –

6. You will be lucky and unlucky –

7. Avoid the myth and misery of sunk cost –

8. Fill the pipe, always fill the pipe –

4 and 5 remind me of Howard Tullman talking about hiring. He had lots of pithy insights – here’s one that will be featured in How They Did It: Billion Dollar Insights from the Heart of America (now available for pre-order on Amazon).

“I used to fall in love with everyone I interviewed and I’d say, ‘We can make anybody successful’ or ‘We can find a job for any talented person.’ And that’s just completely wrong and a really bad idea.”




About Robert Jordan

Robert Jordan has been launching and growing companies and helping other entrepreneurs do the same for the past 20 years. He has authored book and audio series including How They Did It: Billion Dollar Insights from the Heart of America (RedFlash Press), featuring 45 leading company founders who've created $63 billion in value from scratch, and How They Did It Nightingale-Conant audio program . His startup, Online Access, the first Internet-coverage magazine, landed on the Inc. 500 list of fastest growing companies. His newest endeavors are RedFlash, a strategy execution team, and The Association of Interim Executives, which champions interim management as its own global specialty. You can also find Robert on Google+ and Twitter. View all posts by Robert Jordan

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