The #1 Rule For All Entrepreneurs

[everyday313]

Persistence!

[tekmoney]

I'll drink to that.

[akula]

god point, but it's a lot more complicated than that.

the trick to making a million dollars is to make sure you don't lose a million dollars

so it's very important to know when and how to quit under-performing ventures and persist in building a more diversified startup portfolio

cut the losers, ride the winners, don't ride losers, a loser is born a loser and can't be made into a winner because she (the venture) was born a loser

at the end of the day, entrepreneurs trade in unlisted stocks, and like all stocks - it's important to know when to sell out

[henderson]

well said akula

[jgarifuna]

Persistence!

I'm not sure if you intend to hightlight #2 or not, but persistence alone may not get a person very far, as one can continuosly be persistent over the wrong thing, hence getting the wrong results.

I would think that a good companion to persistency is continuous learning from one's mistakes so persistency can be controlled into the desired direction.

[Kissanangel]

Conrad Hilton once said "Success seems to be connected with action. Successful people keep moving. They make mistakes but they don’t quit".

Never give up would be my number 1 rule!