Eight Steps to Turn a Dorm-Room Startup into a Real-World Success

via Bill Peel
May 9th, 2014

 

As the father of three sons who all started businesses while in college, I was intrigued by an Inc. article that offered advice to collegians who had the entrepreneurial bug. The leap from college student to business person is a serious leap, but Wall Street has no corner on great ideas that can bloom into serious business ventures. Remember Mark Zuckerberg?

Inc. magazine offers five strategic lessons that can help you fledgling startup take off. You’ll want to read the entire article, but here are their recommendations:

  1. Make tough (but strategic) decisions.
  2. Prepare to learn on the job.
  3. Make your first hires count.
  4. Don't rush to raise capital.
  5. Brace yourself for the shock of graduating.

I would add three more if you want real success:

1. Submit your plans to God’s sovereign hand and pray like crazy. You need God’s help. Remember what James told his business disciples?

Now listen, you who say, "Today or tomorrow we will go to this or that city, spend a year there, carry on business and make money."   14 Why, you do not even know what will happen tomorrow. What is your life? You are a mist that appears for a little while and then vanishes.   15 Instead, you ought to say, "If it is the Lord's will, we will live and do this or that."  (James 4:13-15)

2. Find a wise mentor. As smart as you think you are, there’s a lot more to learn.

Plans fail for lack of counsel,  but with many advisers they succeed.  (Proverbs 15:22)

3. And don’t forget to give the glory to God for your success.

So whether you eat or drink or whatever you do, do it all for the glory of God.  (1 Corinthians 10:31)