The Entrepreneurial Life Cycle is constant and fixed, entrepreneurs must understand it and how it affects everything we do.

Implications from the Thinking portion:

• Many of the best ideas are so forward-looking, they meet significant objections from people who don’t understand them.
• To reach the Executing portion, one generally takes a leap into the unknown and disregards his own and others’ objections.

Implications from the Executing Portion:

• Startups encounter repeated ups-and-downs, victories and defeats, thus persistence and commitment are of the most important qualities for founders.
• Every defeat represents a chance to reach victory again, founders have to find a way to overcome challenges.