The Do’s and Don’ts of Running Your Own Business According to Kabbage Founder Kathryn Petralia

curated from Project Eve

Kathryn Petralia, co-founder and CEO of Kabbage, shared that she diverted from her original path to become an English professor. And even though that happened, she didn’t fail to embrace interesting opportunities. She pioneered Kabbage, the first online financial services data and technology platform to provide fully automated small business loans. For the last 20 years, she has also worked with data and technology platform to provide fully automated small business loans.

Here are some of the tips she swears by:

1. Do keep an open mind. Stay open to the right opportunities that will come your way.
2. Do find a strong partner and support system. Having a partner who brings different strengths to the table will be beneficial. Also find mentors that will help you brainstorm and vet your ideas.
3. Do perfect your pitch. Articulate your business idea quickly, clearly and concisely when talking to networking or investors.
4. Do invest where it matters. Don’t splurge on unneccesary parties and invest where it will have the most impact: something that benefits customers, employees or investors.
5. Do make time for networking. Identify industry events, professional organizations and conferences that can acquaint you with those who can further your business.
6. Do plan ahead. Success depends on looking into the future and gauging what you’ll need months and years down the road.
7. Don’t act hastily. It’s important to take a breath, ask the right questions and get the full story before taking action.
8. Don’t be intimidated. Focus on being prepared, getting the investors excited about your business and presenting facts to support your claims.
9. Don’t take no for an answer. Don’t stop with a “no” – ask the person who says no to recommend whom you should approach next.

<> <> Read more