Surviving & Thriving in Startup
November 26, 2015|
90% Of Startups Fail. Avoid being a statistic on the journey to success.
Embrace the mission – The most successful startups have people who are incredibly passionate about their work. It’s the fire in their bellies that drives them to succeed. You won’t make it at a business if you’re not genuinely excited about the work.
- Acknowledge the long hours
- Understand your users – If you’re going to spend your time making a product, then spend your time making sure it’s the right product for the right market.
- Offer great customer service
- Spend Little – This is why so many entrepreneurs bootstrap; it helps you get used to not spending too much money (even when you get funded). Remember: your investors’ money is the money you don’t have.
- Avoid distractions – In your startup trajectory, sometimes you get distracted. Funding, side projects and photoshoots are all distractions. These may be useful distractions for your business (and even personal life), but if they take the time and attention away from building the product, you need to be aware of them.
- Treat rejection like water off a ducks back –Don’t give up – Starting a startup carries a huge moral weight, and you need to make sure keep morale up. It’s all up to you to get things going: nothing will happen until you make it happen. Keep trudging through until you find what users need. If you don’t believe in your business, no one will.