I have always been fascinated by good questions. Three of my mentors most of the time just do that – ask great questions and make me THINK. I think I am smart enough to find good answers (or get help) but I miss asking great questions to myself.
For the many things that I thank GOD everyday – one of them is the opportunity to meet with a lot of aspiring entrepreneurs. It is fascinating to watch those ideas at their budding stage and then bloom into full life. Coming back to the point, I collected ten questions from the field and suggested a better versions of the same for your consideration.
1. Typical question: What is the business idea we should execute on?
Better question: Who should I build the business with?
2. Typical question: How can I find a great VC to fund this?
Better question: How can a great VC find me to build “a” company?
3. Typical question: When should we be profitable?
Better question: When should we be cashflow positive?
4. Typical question: How can we build cool stuff into this product?
Better question: How can we build useful stuff into this product?
5. Typical question: What can we do to eliminate competition?
Better question: How can we execute better than our competition?
6. Typical question: When should I start building good relatinoships that will help this project?
Betterquestion: When should I start building good relationships?
7. Typical question: How much ownership should I retain so that I am in full control?
Better question: How much should I share so that everyone in the team feels that they are an owner too?
8. Typical question: How can I package this company to sell it?
Better question: How can I build an asset that is so attractive that buyers will come looking for it?
9. Typical question: How can we convince our customers to pay higher price for our products?
Better question: How can we demonstrate to our customers that our products provide higher value?
10. Typical question: How can I learn to eliminate the risk in this business?
Better question: How can I learn to be comfortable with the unknown?
For my lens on “Questions” please visit
Squidoo Lens: The Power of Questions
- Blast from the past – Entrepreneur Pack
- 9 Lessons for Entrepreneurs from the Entertainment World
- The Power of Questions – updated
- Jason Goldberg’s brilliant advice for startup entrepreneurs
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