By Allison Durham
Nancy Lublin, the founder of Dress for Success andDoSomething.org, brought her wit and humor to an audience of aspiring entrepreneurs on Feb. 3. Lublin created Dress for Success in her New York City apartment as a means to help people get started in this country and reclaim their destinies. She encourages everyone to take risks when young, such as seeking out Donald Trump for advice and marching up to his apartment with a box of Milk Duds (which she shamelessly did).
After leaving Dress for Success, Lublin formed the social justice organization, DoSomething.org. Now a $10 million organization, DoSomething.org is a nonprofit tech company that features a confidential crisis text line as a means to provide effective counseling efforts. It is the largest organization for young people in the U.S. with 3.4 million members.
As a fearless and successful entrepreneur herself, Lublin says that the best startups come out of what you love and comically shares the 11 things she has learned along the way:
1. I was born this way. Entrepreneurs are born, not made.
2. Every startup has only one founder. There is no such thing as cofounders. One person has the idea and will make it happen.
3. Make mistakes. You need to be comfortable with mistakes.
4. The best ideas are rarely in the room. You have to believe there are better ideas outside of any room you are in.
5. Being a founder is overrated and underappreciated. It's hard work.
6. It is possible to choke on money and have too much. The best innovation comes under pressure.
7. A business plan is not the first step. It will constantly shift.
8. Love your target market.
9. Have children. It will make you a sharper leader.
10. Play poker.
11. Leave. Keep moving.
Now that everything you thought you knew about becoming an entrepreneur has been dismantled, Lublin declares, “Go make it happen!”
Click here for a recap of the Feb. 4 DoSomething Challenge at Wake Forest University.