Post on Medial

2024-08-22T15:48:20.332Z

7 lessons from "The 10% Entrepreneur" 📚📚📚 by Patrick J. McGinnis: 1. Entrepreneurship is a Part-Time Option You don't need to quit your job to start a business; 10% of your time and resources can be enough to get started. 2. Identify Your Entrepreneurial Type Understand your strengths and interests to determine the best entrepreneurial path for you (e.g., Investor, Founder, or Part-Time Entrepreneur). 3. Start Small and Iterate Begin with a minimal viable product or service and iterate based on feedback to reduce risk and increase chances of success. 4. Leverage Your Existing Network Utilize your professional and personal network to find partners, customers, and mentors for your entrepreneurial venture. 5. Diversify Your Income Streams Spread risk by creating multiple income streams, including your day job, investments, and entrepreneurial ventures. 6. Focus on High-Leverage Activities Prioritize high-impact tasks that drive growth and delegate or outsource less important tasks to optimize your time. 7. Embrace the "10% Mindset" View entrepreneurship as a portfolio of opportunities, and be willing to experiment, learn, and adapt with a 10% commitment.