In the words of legendary investor Mark Suster, “Entrepreneurs don’t noodle, they do.” While it’s important to be analytical in your decision making, it’s also important to act when opportunities arise. Yesterday over drinks with some investors and entrepreneurs, I marveled at the difference between the life of a startup founder and the life of an investor. Founders manage multiple staff and stakeholders with heavy emphasis on operational issues. Meanwhile, investors manage multiple portfolio companies across a number of industries. The common trait amongst both is decisiveness.
Suster’s recent blog post speaks to the value of being able to make a quick decision. For investors, not only are most investment pitches met with the answer “no”, but investors recognize that some of their portfolio companies will not offer the anticipated returns. The ability to be decisive while also factoring in a margin of error is exactly what keeps both worlds running smoothly …
As more of the business world flattens with the expansion of online services, social networking is increasingly becoming a critical factor to success in many industries. Whether you’re for a small businesses selling art at a craft fair or a Fortune 500 company trading on the stock exchange, social networking has the power to expand your brand among both your audience and fellow business owners. For the latter, entrepreneurs can take advantage of specialized social networks to meet, communicate share and partner with others.
Florida-based entrepreneur, business consultant and blogger Matthew Ringer recently posted an extensive list of the his top 40 Social Networking Sites Specifically for Small Business, Entrepreneurs, and Startups on his site Small Biz Bee. The list is an excellent resource for anyone looking to expand their professional network, but for those looking for a quick dose of business social networking, here are profiles of three great sites from Ringer’s list for connecting with entrepreneurs …
