5 Things to learn from ‘The Social Network’ movie
The Social Network movie, the story behind Facebook, might have inspired many coders and entrepreneurs to start another big venture. In addition to inspiration there is a lot to learn as a businessman from the movie.
1. Hide your ideas: As the movie shows the social network is not Mark Zuckerberg’s idea. It was stolen from Cameron & Tyler Winklevoss and Divya Narendra. Never unleash your complete idea or core idea in front of anyone. Always present idea in modules/parts if you need to share.
2. Hire a CEO: When you are not having experience of managing, better hire a CEO. Saving money and not hiring a CEO may flop a strong business idea. Google founders also hired a CEO to expand Google business. [Movie: In the movie CEO was Mark but planning and execution was done by Sean Parker]
3. Experience Matters: You might not agree with ideas of an experienced person, may be you have own different views. But don’t ignore ideas of an experienced person. [Movie: Sean suggests to redirect 'The Facebook' to 'Facebook' and moving company to CA]
4. Read before you sign: A young entrepreneur might be over trusting people/partners. May be a sign don’t seem that important to him but it is. Always read or consult lawyers before you sign any little chunk of legal people.
5. Always pay salary: If you have enough money on hands (by loan or through primary investors) try to pay monthly salary, not shares of your start-up. Giving away shares may pain you later when venture is making huge profits. Remember shares are % sharing and everything will be divided in %. [Movie: Mark shared some % of site with Sean for investments. He could have hired some other person as a CEO for money instead.]
Last but not the least, Avoid girlfriend. It will give you time for productivity. Just kidding D-:
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