Howard Morgan and the 6P's of Entrepreneurship

Just a couple of weeks after his partner Josh Kopelman joined the (VC bloggers) party, Howard Morgan is doing the same with a new blog: Way Too Early. Howard is an experienced investor who has been involved, amongst other things, in Bill Gross' Idealab. Welcome Howard!

One of Howard's posts refers to some of the ingredients required by entrepreneurs to succeed - the 6 P's:

• People
• Products
• Plans
• Profits
• Passion
• Persistence

Way back when, when I was still leading a large development organization, I had come up with the same first 3 P's: People, Products, Process. Profits were already there, and I agree that Passion and Persistence are very important to the early stage entrepreneur.

Comments

[Serge Lescouarnec]

Of all the points you highlight, I would say that persistence (not obsession) is very important, maybe even more so here in the US where we are not very good at being patient.

Serge

Biz:
http://www.njconcierges.com
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[Duane B]

As a very young entrepreneur, at heart, and on his second company. I would have to agree with all those points. I think having passion is the biggest one at the end of the day, for me personally. Simplely because it gives me the energy to go on each and every day.