Facebook success provides example for entrepreneurs

You are among countless others if one of your dreams is to become successful with the next big idea or invention. Many entrepreneurs in New York and elsewhere build lucrative businesses based on a dream. Having an innate knack for capitalizing on a vision is only one of the keys to success. At Cox Padmore Skolnik & Shakarchy LLP, we help entrepreneurs with the legal aspects of forming a solid, successful business.

The story of Facebook founder and CEO Mark Zuckerberg is one that any hopeful entrepreneur can find inspiring. Mr. Zuckerberg built an empire with one of today’s most popular social media sites based on an idea when he was still attending Harvard University. Back in Facebook’s early days, the site was known as thefacebook.com and was primarily used as a way for college students to keep in touch with each other. Mr. Zuckerberg later tested the site at other universities to see if there was enough interest to make the endeavor worth his time and effort. The rest, as we know, is history.

Forbes cited several tips from Mr. Zuckerberg that entrepreneurs like yourself may find helpful. One of the most effective ways to start a business is to come up with a product, idea or solution that consumers will find useful. He suggests being flexible when forming a business, rather than sticking to a rigid business plan that won’t adapt to consumers’ changing needs. The continuing popularity of Facebook illustrates the ways in which a company can change and grow its product to keep addressing these needs.

Visit our page on entrepreneurs to learn more about developing your brand and building your company.

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