19 Things You Can Learn From a 30-Year-Old Multimillionaire
Lessons Learned From Ryan Allis of iContact
Imagine being just 30 and already a startup veteran with a $170 million sale under your belt!
That's Ryan Allis' story—he founded the email marketing and social media startup iContact in his 20s and sold it for a princely sum just shy of his 30th birthday. Now believed to worth 40 million dollars, the millennial entrepreneur just released a 1,248 slide PowerPoint deck of his learning from life and business.
That's a lot of slides to go through—but we did it, just to give you the gems.
Know Whether You're Entrepreneur Material
Entrepreneurs have to be made of tough stuff—stubborn, visionary, and a little bit crazy—so it makes sense to gauge whether you are entrepreneur material before you get started.
Be Driven by Passion
If you want to start a business, you'd better be driven by passion—otherwise, you're in for a long, long slog without a lot of visible rewards.
Make Sure You Choose the Right Problem
Many entrepreneurs find that the road to business success is much longer than they anticipated. So make sure, before you set out, that you have hold of an idea that will really help you go the distance.
Align the Personal and Professional to Lead
The authentic leader needs to align his personal goals and professional ones to really inspire.
Planning pays off—so why not start that business plan today?
Avoid Outside Capital at First
If you wait as long as possible before raising outside capital, you will ultimately control more of your business.
Know How to Bootstrap
It's also a good idea to build your business by hand, at least at the beginning.
Allis favors the "Lean Startup" idea of "minimum viable product."
Develop Good Systems
Systems will save your hide if you know how to implement them.
Want to get more done? Create your own productivity system.