Spotted this from Techcrunch. Financial Times run a story about a French entrepreneur. It’s an excellent article which has valuable information for any entrepreneur – whether you are making games or not.
Look what Le Meur has to say about competition:
“I tell business school students you should respect your competitors. I always meet them, and if Iâ€™d criticised France Telecom, I would never have sold them the company.”
Here are his ten rules for success.
- Donâ€™t wait for a revolutionary idea. It will never happen. Just focus on a simple, exciting, empty space and execute as fast as possible
- Share your idea. The more you share, the more you get advice and the more you learn. Meet and talk to your competitors.
- Build a community. Use blogging and social software to make sure people hear about you.
- Listen to your community. Answer questions and build your product with their feedback.
- Gather a great team. Select those with very different skills from you. Look for people who are better than you.
- Be the first to recognize a problem. Everyone makes mistakes. Address the issue in public, learn about and correct it.
- Donâ€™t spend time on market research. Launch test versions as early as possible. Keep improving the product in the open.
- Donâ€™t obsess over spreadsheet business plans. They are not going to turn out as you predict, in any case.
- Donâ€™t plan a big marketing effort. Itâ€™s much more important and powerful that your community loves the product.
- Donâ€™t focus on getting rich. Focus on your users. Money is a consequence of success, not a goal.
I really recommend reading the full article – it contains more valuable advice.