Entrepreneurs are big risks takers. Everyone is trying to be the next big thing, but while some make it, most don't. So how is it that some of them do? What makes the difference between a Mark Zuckerberg and Evan Spiegel types and the guy who's just got a great idea?
One of the common traits most successful entrepreneurs have is access to financial capital.
It can be in the form of family riches, inheritance, or a name that lands you connections. Either way, it's the advantage entrepreneurs need to take their ideas and execute them properly.
Professor Andrew Oswald from the University of Warwick said, “Many other researchers have replicated the finding that entrepreneurship is more about cash than dash. Genes probably matter, as in most things in life, but not much.”
In other words, if you have a good idea, make sure you get the right connections to land you some cash to help you fund and take it to the next level.