Details are every internet entrepreneur’s best friend and worst nightmare. I was reflecting the other day on how details are an integral part of being not only a successful internet entrepreneur, but a successful worker in general. In my experience, I have noticed that all successful entrepreneurs have qualities that lead them to identify problems and exercise creativity through the use of compelling details.
Imagine starting your own business. You may have a broad idea in your head, and perhaps that idea is even shared under the pretense of a competitive market.
The other day, I was trying to perfect an elevator pitch to NBC’s Shark Tank that I’m working on for our internet entrepreneurship class midterm and noticed two moms for their idea for a “scratch and grain baking company.” Although they didn’t have a huge sales margin and didn’t have a very good return rate, they knew what they needed before pitching their idea to the “sharks”. Although one of them broke down emotionally during the pitch, Barbara Corcoran, one of the Sharks on the show, decided their hard work and attention to detail was enough for her to invest in their company. Both mothers ended up with an offer from Corcoran for a $150,000 line of credit in exchange for 20% of the company.
When you are planning to start your business, remember to plan ahead, never take any small detail for granted. Details can be the difference between a successful startup and a flop. Choose Success!!