Tips for Entrepreneurs from Former Syracuse Dean Liz Liddy
Photo: Syracuse University News
Liz Liddy has spent her life creating innovative technology and helping others do the same. She worked as a faculty member at Syracuse’s School of Information Studies for more than 20 years before becoming dean of the school in 2008. Over the next 10 years, Liddy made the school a national leader in information science and technology and pioneered new programs in social media and data science.
Hunter’s Fund spoke with Liddy about the ins and outs of entrepreneurship and what young people should know before starting their own business.
What advice do you have to people who want to become entrepreneurs or pursue an idea but don’t know where to start?
Liddy: “You have to build on what you are good at, at what you know, and then have an idea on top of it… everyone has an idea, but you’ve got to find ways in which you can extend it. And you don't have to do it all alone.”
What are some of the misconceptions that young people have about starting their own business?
Liddy: “I think lots of them think they're gonna have money tomorrow. And they're not, I think most of them will tell you, “this was way more work than I ever thought.”
“A lot of people start and then give up on their startup, and then many of them will come back later in life when their situation changes or something new is invented. The things that I wanted to do were very, very hard to do, because the technology wasn't there yet. But then we worked on the technology along with the ideas.”
“You need computer science, and engineers, and people who have good ideas. You can’t just say “I’m going to stick with my own type.”
Do you have any tips for entrepreneurs preparing to give their first pitch?
Liddy: “Don't be too proud. Don't talk as if you've got the answer to everything in the world, kind of calm that down a bit. It’s great when you're excited about what you're doing, but not when you’re bragging.”
Hunter’s Fund
Hunter’s Fund honors the life of Hunter Watson, a young man of extremely diverse talents who was killed at 20-years-old when he was fatally injured as a passenger in a distracted driving collision.
Through distracted driving education and awarding grants to help young people’s involvement in performing arts, music, computer science, and entrepreneurship, Hunter’s Fund empowers young people in their careers and keeps Hunter’s spirit alive.
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