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06 June 2010

On Tenacity

At the recent commencement at my undergrad alma mater Stevens Institute of Technology, David S. Rose talked about the key attributes for entrepreneurship. One was tenacity.

Tenacity is critical to the success of an entrepreneur. You need to believe in your vision and drive towards the goal. Along the way you will hear many naysayers and be tempted to give up. Only with a sense of tenacity can you achieve the goal.

Of course, this tenacity needs to be tempered with an objective assessment of the reality. As the founder of the company, you need to know when to pivot appropriately. Only you will know what is the correct steps because you live with your business day-to-day. Advisors can advise and investors can worry and pontificate, but only you can make the call.

I always found this Zen-like saying valuable - "When faced with a rock, act like a river. When faced with a river, act like a rock." You didn't think this would be easy...did you?
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