Home » Blog » Shoot for the Horizon Not the Stars

Shoot for the Horizon Not the Stars

By: Ned Stringham

TAGS :

It is true that to be an entrepreneur you must have a vision for your business and be unconstrained in your thinking about what’s possible; however, one of the most overlooked ingredients for success is never forgetting what it takes to survive. Sometimes just surviving long enough for your market to come alive or to figure out the right twist in your product or message is the difference between winning big and going under. The true story for many successful businesses involves tales of near death experiences, re-direction, and the will to survive. Too often media focuses on the hype, entrepreneurs dream about being the next Facebook and it all ends badly–either the business collapses or the founders get massively diluted in order to raise the cash to survive.

To this day, for every business I invest in I know my key survival metrics. What is the core cost structure of the business and how many additional customers and units need to be sold to cover that cost in a month or quarter? If you are an executive running an early-stage business and you don’t know those numbers, you are arrogant, or, naive and reckless. Your financials should never be a surprise, with just a few key metrics in your head, almost anyone can estimate where a small business stands at any moment in time.

A leader’s hardest decisions are not when and how to celebrate the big victories, rather, the hardest decisions usually involve knowing what they must do to stay viable. Smart entrepreneurs are always seeking ways to mitigate risks that could kill the business without giving away the upside. While they must inspire, lift and motivate, they must also be clear, in the quiet of their own mind, what it takes to persevere and survive.

0 thoughts on “Shoot for the Horizon Not the Stars

  1. Preventivi auto assicurazioni + Video
    Assicurazioni on line: confronto preventivi auto, moto e viaggi Preventivi auto assicurazioni Assicurazioni on line auto: risparmia fino a 500€ * Assicurazioni Assicurazioni viaggi Assicurazioni Vita Assicurazione.it Assicurazione.it e il piu grande sito italiano di assicurazioni. Con piu di 200.000 Clienti ogni mese, Assicurazione.it ti consente di trovare in 3 minuti la polizza piu conveniente ]
    The post Preventivi auto assicurazioni + Video appeared first on Pharma News.

    Baltimore Business

  2. Florida state university nursing ) Video
    Florida State University Nursing School Review – Nursing Schools Guide Florida state university nursing Florida State University Nursing School Review Founded in 1851, Florida State University (FSU) is founding among the oldest institutions in the United States and claims to be the oldest institution in the Florida State University system. Student life at Florida State ]
    The post Florida state university nursing ) Video appeared first on Currency News.

    Arizona Finance

  3. Small business liability insurance florida * Video
    Small business liability insurance florida Delivery driver or similar, “A member who is in the House when Small business liability insurance florida * Video Small business liability insurance florida * Video Small business liability insurance florida * Video put shall vote. We’ve got you covered, save searches and rate properties. So this blog is just…
    The post Small business liability insurance florida * Video appeared first on Canada Finance.

    China Business

  4. Seguros de carros simulacao ) Video
    Seguro Auto – Faca uma Cotacao, Azul Seguros Seguros de carros simulacao Login e/ou Senha incorreto(s)! Voce ainda nao esta cadastrado. Cadastre-se AQUI Insira abaixo o e-mail utilizado no seu cadastro. Uma mensagem sera enviada para o seu e-mail cadastrado com a nova senha de acesso. Login e/ou Senha incorreto(s)! Voce ainda nao esta cadastrado. Cadastre-se abaixo. Insira abaixo o login do corretor utilizado no seu cadastro. Uma mensagem sera enviada para o seu e-mail cadastrado com a nova senha de acesso. Login e/ou Senha incorreto(s)! Voce ainda nao esta cadastrado. Cadastre-se abaixo. Uma mensagem sera enviada para o seu …
    The post Seguros de carros simulacao ) Video appeared first on Finance USA.

    Cameroon Finance

  5. Covered California
    San antonio rentals San Antonio Spurs Suite Rentals, AT – T Center
    San Antonio Spurs suite pricing will vary by opponent, day of the week, and suite size/location. On average, private suites for Spurs games will be priced between $3,900 – $7,500. San Antonio Spurs Suites Do you own a suite at this stadium? Upcoming Events San Antonio Spurs vs. Golden State Warriors San Antonio Spurs vs. Miami Heat Michael Buble San Antonio Spurs vs. Cleveland Cavaliers San Antonio Spurs vs. Sacramento Kings San Antonio Spurs vs. Atlanta Hawks San Antonio Spurs vs. Dallas Mavericks NBA Western Conference Quarterfinals: San Antonio Spurs vs. TBD – Home Game 1 (Date TBD) (If Necessary) …
    The post San antonio rentals San Antonio Spurs Suite Rentals, AT – T Center appeared first on Auto&Car.

    West-virginia Business

Leave a Reply

Your email address will not be published. Required fields are marked *