Everyone complains about how hard the entrepreneurship world can be, what if you could get some advice from someone who is on the successful list already? This may help you break from the beliefs on entrepreneurship of the community. You can also borrow some traits from the successful individuals to pull the odds to your favour. Eric Lefkofsky is among the individuals who are doing fine in the medical world. He is the co-founder and CEO at Tempus.
Our business ideas are triggered by different circumstances in our lives. For instance, Eric Lefkofsky says that the concept of Tempus was born when he had a close family relative living with cancer. He was surprised to see that the hospitals were left behind in terms of technology. He, therefore, decided to create technology to help cancer patients in a clinical setting. Business ideas can, thus, be created by solving the problems in society.
Eric Lefkofsky says that when your company is young, there are multiple meetings that you need to attend. Also, everybody wants your input and your attention. In this state, it is almost impossible to find time to become productive. To work on this, he makes sure he wakes up very early in the morning to get to the office before team members start streaming in. He has also set aside, Friday, to work from home. He adds that even though he begins working later than usual and ends earlier, and also gets to eat lunch somewhere different than his table, it is one of his most productive days of the week.
The question of how do you bring ideas to life have different answers from different investors. Well, for Eric Lefkofsky and his business partner Brad, it is problem-solving. Eric says that they have started and run business for over two decades with that same aim; solving problems.
Eric Lefkofsky advice to his younger self is to be bold and take risks. He advises investors to avoid the fear of failure. He also says that mastering the art of prioritizing and delegating duties is key to success in every business.