SOURCE: Golden Gate University

Golden Gate University

December 19, 2013 11:11 ET

Golden Gate University's 14 Tips for 2014's Entrepreneurs

SAN FRANCISCO, CA--(Marketwired - Dec 19, 2013) - All indicators suggest that the Bay Area's start-up fever will extend into 2014, prompting faculty at Golden Gate University's Ageno School of Business to offer 14 tips to help new businesses go from "great idea" to IPO.

1. Avoid fixating on one idea; be open to pivots. - Paul Fouts, PhD., Dean

2. Build a diverse board to avoid "management myopia." - Jeff Yergler, PhD., Assistant Professor

3. Learn how to find the balance between doing and listening. Analysis is good. Listening is important. Believing is essential. Doing is everything. - Phil Dillard, Adjunct Faculty

4. Take on the next opportunity not for how much you will make, but for how much better you can become. - Phil Dillard

5. Take to heart the words of Bob Dylan, "There's no success like failure." - Paul Fouts

6. Know what kind of entrepreneur you want to be -- have a vivid definition and vision of success. - Phil Dillard

7. Build the most talented team you can, and don't pass up opportunities to meet high-quality people. - Phil Dillard

8. The deal is not done until the money is in the bank.- Phil Dillard

9. Have a good understanding of your business model and your potential sources of revenue. - Peter Freeman, Adjunct Faculty

10. Identify potential exit strategies up front. - Peter Freeman

11. Strengthen your competitive advantage. - Peter Freeman

12. Plan to have sufficient resources. - David Kent, PhD., Professor and Chair of the Department of Management

13. Don't wish that things were easier; make yourself better. - Phil Dillard

14. Whatever you do, don't quit your day job to launch a start-up. - Peter Freeman

About Golden Gate University
Golden Gate University, a private nonprofit, has been helping adults achieve their professional goals by providing undergraduate and graduate education in accounting, law, taxation, business and related areas for more than 110 years. GGU enrolls nearly 5,000 students annually and represents 68,000 alumni. The school's main campus is located at 536 Mission St. in San Francisco, with additional teaching sites in the Silicon Valley, Los Angeles and Seattle. Most degree programs are also available entirely online. Founded in 1901, GGU is accredited by the American Bar Association (ABA) and the Western Association of Schools and Colleges (WASC).

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