10 Tips for Entrepreneurs in 140 Characters

27 Mar, 2010

I would to share today 10 tips in 140 characters or less I learned from my past work experience, my observations of other startups and from my own experience with ArabCrunch since it has been around 6 month when your startup ArabCrunch got funded and moved from a one man show to a team based venture:

1- Set priorities early: identify what are the most important things you need to do in the first 2 month after getting funded and execute.

2- Hire early: hiring should be in your top priority, you wont have the time to make your startup grow alone.

3- Know your self well: your strength, can you or your partner be CEO? if not hire one.

4-Stats stats stats: know your stats by the day, week and the month, if not as they should be, arrange group meetings and irritate.

5- Do your finances: record your self- every penny (Derham) you spend, accountants do mistakes!

6-Identify essential skills: Arab market is short of managerial & marketing skills, understand what is the minimum skills early.

7- Look for mentors: understand early-on what type of help you need, no one is an ultimate guru, ArabCrunch.NET can help you for free here.

8- Set your company culture early on: if you set the wrong culture it will creep with you as your team grow.

9- Delivery on-time: make sure you and your team deliver on time, if you do not do so, you will never finish projects & you’ll loose markets.

10- Reward your fan base: fans are the ones who are promoting you for free, make sure to engage them at least with “Thank you : -)”

11- What is your 11th?

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  1. uberVU - social comments  |  March 27th, 2010 at 11:36 PM #

    Social comments and analytics for this post…

    This post was mentioned on Twitter by alansary: 10 Tips for Entrepreneurs in 140 Characters http://bit.ly/c6YT0o

  2. Samer Baydoun  |  March 28th, 2010 at 2:27 AM #

    Thank you for your useful tips, I may use them personally, but I think that the last few tips are general and go for non-startups too.

  3. Jamal  |  March 28th, 2010 at 8:58 AM #

    11- Concentrate on uniqueness, small unique ideas can bring you success, after all this what a startup is really about. Unique and innovative ideas are usually easy to develop and have more chances to get popular, think about Twitter for example.

  4. Gaith Saqer  |  March 28th, 2010 at 10:41 AM #

    @samer you are right but they are also often forgotten so it would be good to remember them.

    @jamal: nice tip 🙂

  5. Khawaja M.  |  March 28th, 2010 at 11:53 AM #

    Build the right team.. you can change your idea or your target market; but can’t -easily- switch partners!

  6. Firas Steitiyeh  |  March 28th, 2010 at 12:06 PM #

    Tip number 6 is more than 140 characters 😛

  7. Gaith Saqer  |  March 28th, 2010 at 12:32 PM #

    @khawaja: thanks very good tip

    @firas opps I just fixed 😀

  8. Danielle  |  March 28th, 2010 at 1:55 PM #

    Great tips.. another one I recommend – develop contacts with media – they’re the ones that will generate more coverage for your business and attract more clients!

  9. Samer Baydoun  |  March 28th, 2010 at 4:54 PM #

    @Khawaja, you’re right for some cases but I think sometimes the targeted market plays major role in selecting partners or team, due to lingual or cultural matters…etc

  10. Asad Akbar  |  March 28th, 2010 at 11:10 PM #

    Don’t put yourself above taking care of the non-glamorous parts of running a company.

  11. kinano  |  March 29th, 2010 at 8:17 PM #

    11- Learn to delegate: Make use of your team; they are there for a reason. The more you delegate, the better you are at managing your firm.

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