|This article will list the many skills that are required to launch an entrepreneurial venture that can be at least profitable, and hopefully scalable. And it will help you decide if you are ready to take on that challenge. Be advised that years of preparation and learning are usually necessary to be truly prepared to launch any company, even one that is not new and innovative.
||It always amazes me how much waste there can be in a big company because people do not consider it their own money. I have worked in several large and many small companies, but I always tried to ask myself "would I pay this personally" before I signed a check or a P.O. for the company.
||During my first week at a company I had just joined as President, I was asked to approve the purchase of a $250,000 piece of hardware. The operations people, all from larger companies, were desensitized to the cost of capital and its accessibility.