
Take a Chance!: 101 Entrepreneurial Lessons for Making It Big

When it comes to research, others are not you. They don’t have the same entrepreneurial mind to know what to look for. The more questions you ask, the more answers you receive.
Larry Gaynor • Take a Chance!: 101 Entrepreneurial Lessons for Making It Big
Magnus Carlsen was born in 1990 and went on to become the best chess player of all time. He was a five-time world chess champion. And then he decided to take time off to pursue Texas Hold‘em, and if he is as passionate about poker as chess, he will become one of poker’s best players. His passion drove him to the top of chess. You too need to have t
... See moreLarry Gaynor • Take a Chance!: 101 Entrepreneurial Lessons for Making It Big
Whether it’s a plan-o-gram, new product, or service, be flexible in the developmental stages so you can react quickly to market conditions and make changes without much risk to yourself. For example, if you are launching a new lip plumper, always buy the smallest quantity and pay more per piece. This limits your risks and allows you to make changes
... See moreLarry Gaynor • Take a Chance!: 101 Entrepreneurial Lessons for Making It Big
The internet is great for research, but there is nothing better than seeing a product, concept, or new business in person. Whether you have to drive or fly, it is well worth the investment in time to experience inspiring ideas firsthand.
Larry Gaynor • Take a Chance!: 101 Entrepreneurial Lessons for Making It Big
You’re never going to spot an opportunity, trend, or fad sitting at home or in your office. If you are selling a product, visit as many stores as possible that sell your type of product. If you invented a home improvement product, where are you going to sell it? ACE, True Value, Lowe’s, Home Depot, Menard’s, Tractor Supply, or Amazon? Think about w
... See moreLarry Gaynor • Take a Chance!: 101 Entrepreneurial Lessons for Making It Big
Chaos is normalcy for an entrepreneur. Successful entrepreneurs handle chaos like any other problem: They take the time to figure it out. Don’t react to chaos instantly and, especially, don’t raise your voice in front of employees or customers. When possible, address chaos the following morning. It is amazing how time is sometimes the best solution
... See moreLarry Gaynor • Take a Chance!: 101 Entrepreneurial Lessons for Making It Big
Your original product idea might be good. However, a related product idea might even be better. There is a reason why Amazon shows related products when you buy something. Always keep your eyes open to related product ideas.
Larry Gaynor • Take a Chance!: 101 Entrepreneurial Lessons for Making It Big
The difference between winning and losing can be less than half a second or being able to hold on one minute longer. Winners never quit. Thomas Edison failed more than a thousand times before he eventually invented the light bulb. He never gave up.
Larry Gaynor • Take a Chance!: 101 Entrepreneurial Lessons for Making It Big
Do one thing better than anyone else; side gigs can only get you in trouble.