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What Correlates With Entrepreneurial Success?

From the book Illusions of Entrepreneurship by Scott Shane

1. Focusing on a single product/service in a single market
2. Emphasizing marketing early
3. Stressing financial controls
4. NOT competing on price (rather service, quality, uniqueness, availability)
5. Professional experience such as management, industry, P&L, entrepreneurial
6. Organizing systematically through opportunity identification, business planning, resource acquisition, prototyping, and launching
7. Getting a professional degree

This is scientific research, NOT anecdotal. So to all you people still debating MBA versus Startup, why not just do both?

Startup Lifestyle: http://www.seanmeverett.com

Posted from Chicago, IL

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