New York Entrepreneur Week April 2010 brought together a panel of experts to answer the question that burns into many entrepreneurs minds: "Do I have to work a 20 hour workday in order to build a multi-million dollar company?!"
The overall theme from the expert entrepreneurs that are surviving in this hyper-competitive marketplace is investing your time wisely. If you are efficiently working in the beginning of your business you can avoid a 20 hour work day when it business takes off.
Understand the outlets that are helping your company but don't loose sight in your vision. For example, if you're successfully raising money through fundraising or bootstrapping, don't become so emerged in these platforms that you forget the direction of your business.
Putting your ideas to work and starting your business should be the most exciting part of your life. Even though the word "sleep" may become a foreign word to you, don't loose focus of your passion. If you're working around your initial passion, you'll attract people who believe in your business and will invest emotionally to your ideas.
You play an extremely important role as the leader and it's crucial that your managing skills reflect that. Having humility and stepping back and letting your team do their jobs might be hard - but is crucial. Every investment you make is a leap of faith. Set achievable goals and paint a vision of a successful future that enthuses your employees.
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