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What Skills Do You Need to be an Entrepreneur? Only Two

Very good question. Here we go -

Hi Sebastian,

I saw your post offering advice help, so I thought I'd take you up on that. I'm young, pre college, so time is on my side. I'd like to create a web startup at some point in the future, at least that's the dream. Should I focus on homing in on my technical skills, or business skills? Right now, I know much less of the latter, but I recognize its importance in entrepreneurship.

Also, do you think college credentials are as important as real world opportunities? And any reading recommendations would be much obliged. I'd love to hear your thoughts.

Thanks so much,

Building A Factory vs. Discovering A Goldmine

I've gone back and forth on how much an idea is worth a few times. At first, I thought ideas were worth a lot. Then, I thought it was all execution, and ideas are worthless. I've been thinking about it some more in light of some recent deals, and I've come around a little to believing in the value of ideas again -- with a caveat.

But first, let's check out the best post written on the subject. Here's Derek Sivers --

To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.

Explanation:

AWFUL IDEA = -1 WEAK IDEA = 1 SO-SO IDEA = 5 GOOD IDEA = 10 GREAT IDEA = 15 BRILLIANT IDEA = 20

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