Top 10 Killer Factors (the bad ones):

1. Weak Personality
2. The Loner Syndrome
3. Cash Flow Troubles
4. Lack of Marketing Strategies
5. Lack of Control
6. No Plan
7. Associate with the Wrong Crowd
8. Not Enough Financial Backing
9. Underestimating your Competition
10. Lack of Focus on your Core Idea

And now for the Top 10 Success Factors of young entrepreneurs:

1. A Willingness to Succeed
2. Self Confidence
3. Understands the Competition
4. Uses a Targeted Marketing Strategy
5. Clear Idea for their next Startup
6. Healthy Managerial Support
7. Cooperates well with Others
8. Well Structured in Life and Business
9. Keeps Close Tabs on Finances
10. The Business Plan

#10 is a biggie, and we’ll will discuss it in depth over the coming months with tips and strategies, templates, research, and everything else you’ll need when developing the plan for your startup.

If you possess a few (or many) of the Killer Characteristics (remember – those are the bad ones) don’t worry, you’re not alone! I just ask you to make a concise effort to move towards the characteristics of successful entrepreneurs.

Class dismissed, see you tomorrow!

1. Determine the difference between what you want to do in life (and business) and what you’re good at. Make a quick list of your skillset and hold onto that for future reference.
   
2. What drives you to succeed and what gives you satisfaction in your daily life?
3. Determine your values and priorities. Looking ahead, what values and priorities do you want to establish for your new venture? Can you find any differences between the two?
4. Having measured these differences, do you have what it takes to overcome those differences?

Life and business overlap – especially for young entrepreneurs. Knowing the difference between your own personal values and those of your future startup is essential to the success of your next venture as a student startup.

Class dismissed, see you back here tomorrow!