1. Top 10 Challenges of Going into Business (after being in academia)
You have to dress like a business person
How you communicate is much more important than what you say
Communication should be in a top-down style, not bottom-up
Always know the “so-what”s – 30 sec. elevator summary
Learn the 80/20 rule – never have all the info or time needed
Street-smarts not just book smarts
Inter-personal skills & emotional intelligence more important than analytic ability
Leadership must supplement management
Only great leaders can build great companies
Good ideas and hard work are not enough – need a business model, leadership, good team, timing (and a bit of luck)