Microsoft founder Bill Gates is a firm believer that successful entrepreneurs are those who “never stop learning” - so how can startups and small businesses get into the mindset of a perpetual student?
Are you frustrated because you can’t find the perfect co-founder to build your great idea? This article from Tech Block argues that instead of waiting to find the perfect person, turn yourself into the resource you need - he argues that even if you find the person you need later on, the time you invest to learn essential skills for your business will pay off in dividends in communication and company culture.
What makes successful entrepreneurs different from everyone else? This Inc article explains how studies have shown that many top business leaders rely on “effectual reasoning,” where they constantly assess their strengths and resources before developing goals on the fly. Instead of planning too far ahead, these entrepreneurs preferred to get to market as quickly as possible, learn what worked and didn’t work, then refined their goals and prioritised based on those learnings.
One great way to always learn in your business is to adopt a “fail fast” approach to ideas - this Forbes article explains how business owners can fail fast by testing ideas early with customers and learning from sales figures as soon as possible. The Lean Startup Method calls this the “minimum viable product” approach: sell the minimum product that you think will work, then learn about how market reacts to that before dedicating more time to your idea.
How do you never stop learning in your business? Hit us up on twitter or leave a comment - and have a great weekend!