Quote

If your goal is to make money, becoming an entrepreneur is a sucker's bet. Sure, some entrepreneurs make a lot of money, but if you calculate the amount of stress-inducing work and time it takes and multiply that by the low likelihood of success and eventual payoff, it is not a great way to get rich.

Eric Ries

Change background

T
T
T

Change font

TAGS & TOPICS

Eric Ries
Age: 45
Born: 1979
Born: September 22
Author
Entrepreneur
Writer
Time
Sure
Entrepreneurs
Goal
Entrepreneur
Inducing
Success
Stress
Eventual
Money
Lows
Calculate
Great
Becoming
Payoff
Work
Amount
Multiply
Way
Takes
Likelihood
Make
Rich
Sucker

More quotes by Eric Ries

Image
The only person who can put you out of business, in the early days, is yourself.
Eric Ries
Image
This is one of the most important lessons of the scientific method: if you cannot fail, you cannot learn.
Eric Ries
Image
Here in Silicon Valley, I have taken part in hundreds of conversations trying to convince people to dive in and become entrepreneurs. All too often, innovators with good, safe, jobs are unwilling to put their family's access to health care at risk by walking away from company-backed medical insurance.
Eric Ries
Image
We must learn what customers really want, not what they say they want or what we think they should want.
Eric Ries
Image
All innovation begins with vision. It’s what happens next that is critical.
Eric Ries
Image
Because startups often accidentally build something nobody wants, it doesn’t matter much if they do it on time and on budget. The goal of a startup is to figure out the right thing to build - the thing customers want and will pay for - as quickly as possible.
Eric Ries
Image
Using the Lean Startup approach, companies can create order not chaos by providing tools to test a vision continuously.
Eric Ries
Image
A solid process lays the foundation for a healthy culture, one where ideas are evaluated by merit and not by job title.
Eric Ries
Image
There is much that public policy can do to support American entrepreneurs. Health insurance reform will make it easier for entrepreneurs to take a chance on a new business without putting their family's health at risk. Tort reform will make it easier to take prudent risks on new products in a number of sectors.
Eric Ries
Image
Start-up success is not a consequence of good genes or being in the right place at the right time. Success can be engineered by following the right process, which means it can be learned, which means it can be taught.
Eric Ries
Image
The lesson of the MVP is that any additional work beyond what was required to start learning is waste, no matter how important it might have seemed at the time.
Eric Ries
Image
Leadership requires creating conditions that enable employees to do the kinds of experimentation that entrepreneurship requires.
Eric Ries
Image
When Steve Jobs and Steve Wozniak created Apple computer in a garage in Palo Alto, it heralded the beginning of the PC revolution that ultimately dealt a death-blow to dozens of older companies.
Eric Ries
Image
The only way to win is to learn faster than anyone else.
Eric Ries
Image
If you don't know who your customer is, you don't know what quality is.
Eric Ries
Image
A head start is rarely large enough to matter, and time spent in stealth mode-away from customers-is unlikely to provide a head start. The only way to win is to learn faster than anyone else.
Eric Ries
Image
The big question of our time is not Can it be built? but Should it be built? This places us in an unusual historical moment: our future prosperity depends on the quality of our collective imaginations.
Eric Ries
Image
Science and vision are not opposites or even at odds. They need each other. I sometimes hear other startup folks say something along the lines of: 'If entrepreneurship was a science, then anyone could do it.' I'd like to point out that even science is a science, and still very few people can do it, let alone do it well.
Eric Ries
Image
There is no greater country on Earth for entrepreneurship than America. In every category, from the high-tech world of Silicon Valley, where I live, to University R&D labs, to countless Main Street small business owners, Americans are taking risks, embracing new ideas and - most importantly - creating jobs.
Eric Ries
Image
Innovation is a bottoms-up, decentralized, and unpredictable thing, but that doesn’t mean it cannot be managed.
Eric Ries