Randi Zuckerberg is leading a group of four investors as judges in a “Shark Tank”- style TV show called “Quit Your Day Job” premiering on Oxygen.
She shared some of her secrets with the New York Post:
1. Work somewhere else first: “There’s a lot of value in understanding how to work with a team, how to take on grunt jobs … and what goes into running an organization. With a
startup, you’re the CEO and also the janitor, and you have to be willing to do anything it takes to make it a success.”
2. Quit the right way: “Make sure that you retain your relationship [with your employer]. You’ve probably built up some great know-how and contacts and you want to make sure
you retain those contacts,” says Zuckerberg. “Quit in a way that’s respectful.
3. Create a job you’re passionate about: “Since most startups unfortunately fail, [passion is] what gets people through a difficult time,” she continues. “Make sure [your
company] is something that, eight years down the road from now, you’re still going to be excited to get out of bed and work on, because hopefully you’ll be in this for a long time.”
4. Take a look at your finances: “Know how much risk you can take on,” says the mother of two. “You want to make sure you’re not doing it in a way that is putting your future or
family in jeopardy.
5. Adapt to new trends: “I love to see an entrepreneur walk into a meeting with a business plan. I also like to see that they’re willing to scrap that plan in a moment’s notice,”
says Zuckerberg. “I don’t want them to come in so married and stuck to their business plan that they can’t pivot to another opportunity.”
6. Admit your mistakes — and fix them: “The biggest mistake I’ve made in launching my own company was in the location. After I left Facebook, I was doing a media company …
and I launched it in Palo Alto, Calif., because I was living there. That was the wrong decision, because if you’re in media, you need to be in New York or LA. I spent two years
trying to fit a square peg into a round hole,” she says.
Further, she shares 3 common mistakes that can sabotage an entrepreneur’s success with Business Insider:
1. Not knowing Numbers: Some entrepreneurs present their busines proposition without presenting any specific data.
2. Not tooting their own horn: Zuckerberg said this can be a problem for women especially. One of the best ways to learn to advocate for yourself, Zuckerberg said, is to have a peer network who can do it for you.
3. They choose a cofounder with the same skills: What entrepreneurs should be doing is partnering with someone who has a different skill set.
Now, you do not any other advice to begin planning on Quitting Your Job and create your dream venture!