The First Step after Proof of Concept

You have an innovative product idea. You have taken it through its paces at startup events to know that it has the potential of creating a business. What next?

If you are a first-time entrepreneur, you need a mentor. “One of the greatest values of mentors is the ability to see ahead what others cannot see and to help them navigate a course to their destination.” – John C. Maxwell.

To start a company from scratch is a daunting task. Finding the right mentor is probably the most important first step. “To know the road ahead, ask those coming back.” – Chinese Proverb. Look for someone who has successfully started a business. Invite him to be on your board of directors. Offer him an equity stake in your company. Let him guide you on the do’s and don’ts. And make him your spokesperson. You cannot go wrong with this approach.

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