October 10, 2014
There are a number of things we can learn from seasoned entrepreneurs, investors and mentors, but there’s a group of young entrepreneurs from the Kairos Society that can offer advice as well.
According to its site, the well-renowned organization creates “entrepreneurship outlets and opportunities on campuses, in communities, and around the world.”
With the Kairos Global Summit about a week away, here are 6 pieces of advice from Kairos Society Fellows:
1.) Persistence and dedication will get you closer to success: Unlike the medical and legal fields, entrepreneurship doesn’t always have a determined path. However, Jonathan Ofir, the cofounder of Alcohoot – a device that transforms your smartphone into a breathalyzer – says persistence will get you closer to your goals: “If you go and apply yourself and put in your dedication into everything, eventually things will happen and things become real,” says Ofir.
2.) Don’t just think about an idea, go launch: As Nike says, “Just Do It” – while they’re mainly targeting athletes, it applies to entrepreneurs as well. Kairos Fellow Aaron Goldstein agrees: “If you want to do it, there really is no substitution for hard work,” says Goldstein, the CEO of Fever Smart, a smart wireless thermometer that allows parents to remotely monitor their children’s temperature via their smartphone. “Pick something you are passionate about and love doing for 20 hours a day.”
3.) Push yourself and trust your gut: Sometimes it’s hard to figure out which direction to go, but trusting your intuition will help you make the best decisions for your company. “Aspiring entrepreneurs need to just trust their gut.Perseverance and tenacity are the driving factors behind any successful startup.” says Jordan Greene, the President of VIRES Aeronautics, a company that is disrupting the aviation industry.
4.) You have to stand out: In every industry, there are similar products and services, which means differentiation is key:“At the end of the day if you really do want to be an entrepreneur and make change, you will find a way to differentiate yourself and make your product or whatever you are offering the best one,” says Caroline Pugh, the COO of VirtualU, which uses 3D Scanning to help track fitness goals and ensure that people are getting the most out of their workout.
5.) You can’t fake passion: You can memorize a pitch, teach yourself how to budget and recruit new team members, but you can’t fake passion. “It’s tough to be confident about something until you do it and do it well and what I’ve learned is that I can do it, if I set my mind to it, give it my all and be myself.“If you’re not passionate about what you’re doing, people can tell,” says Scott Friedberg, the CEO of Gilded Social – formerly Blu Arc Media – a company that helps businesses leverage the power of social media through interactive displays.
6.) There’s no such thing as overnight success: They say Rome wasn’t built in a day — their empire actually took years to create. Don’t expect your company to get 100,000 users and a million dollars in funding in a week. However, to see any sort of progress you will need to commit to building your company: “A lot of people have their ideas and they think it’s going to happen overnight,” says Inigo Rumayor, the cofounder and head of product at Regalii. “Commit to something for at least six months and I think you’re going to great results or at least an amazing learning experience you won’t get anywhere else.”
The Kairos Society is hosting their annual Global Summit from October 17-19 in Laguna Niguel, California. More than 300 young entrepreneurs will attend the event to learn, pitch and meet other inspiring innovators in the field.
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