The best advice for a startup. What do you think?
Oleg Eltsov
57 replies
Please share your experience and let the community know what advice you consider the most valuable for startups.
Replies
Simona Stamatovska@simona_stamatovska
Just launch it! It will never be perfect and you'll never be ready enough!
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Unstuck
@simona_stamatovska Yes!!! As the old saying goes, "perfect is the enemy of good." Or, to quote Nike: "Just do it!"
Mailforge
Don't do dilly dally and execute like a boss.
Who Wants to Be a Unicorn (Unicorn Game)
When you're just starting, keep all options open from funding to marketing and operations
One area to not waver is with customers - choose your customers and build everything around them
Skylead
Focus on your customers' needs, adapt to feedback, and stay resilient in the face of challenges. Embrace learning, iterate quickly, and never lose sight of your vision. Success often comes to those who persevere and prioritize delivering value to their audience. 🚀
Most of the startups fail because they have a cashflow problem
If we look a it, cashflow problems stem from Not having enough customers or clients for your product
so if you can learn marketing and sales and use it, You will never go broke I will be able to generate cash flow even in the last conditions in the business!
Be sure that everything will not go according to plan. And of course, never give up.
RuffRest® Ultimate Dog Bed
RUN YOUR OWN RACE. Everyday it's tempting to look over your shoulders at others in the same race and feel like they're gaining on you or surpassing you. At the end of the day, your product has its own timeline no matter how hard you're proverbially hitting the pavement. It's either viral or not, and if it's the latter, you're going to need diligence, perseverance, and intestinal fortitude to go the distance. And it can be a pretty nauseating ride, so strap in.
It's a highly dynamic environment. You'll experience an emotional rollercoaster every now and then, but it's definitely worth it! I made sure to reflect every time I had a tougher time, where I was, how it all started and where I am now. So yes, do not give up! Tougher times will come for sure, but they will also pass and make you realize what you're capable of.
Creatosaurus AI
Executing at the right time. If you fail in execution even the best plans don't help.
Less fear, more action!
Look for clients, not investors.
Be yourself, don't copy your competitors!
Keep an eye on your health. A startup is a marathon, not a sprint. If you do not pay attention to your health, then at some point everything will collapse.
Unstuck
@vasiliy_berenkov I was coming here to write the same thing! It's a marathon, not a sprint. If you burn out or collapse, none of the hard work will matter. Finding the right pace can be very challenging and what works for one person might not work for another, so you have to find your own magic formula.
Do you have any additional advice to share about how you keep an eye on your health?
Personally, I do a check-in every morning where I ask myself questions that make me reflect on my state of being. Questions like "What do I have an urge to do?" "What is influencing me right now, and is it good for me?" "What did I learn yesterday?" etc.
FirstHR
@vasiliy_berenkov @maria_hagsten I think this is the most popular stereotype about a startup: work 24/7 and everything will be fine.
Tamly: Automate B2B Sales Outreach
Never stop learning, the rest will fall into place.
Prioritize user experience. Integrate a feedback platform to actively collect and act on user feedback. User-centric design and responsiveness to customer input will foster trust, loyalty, and continuous improvement, driving long-term success.
Starting a new business, particularly a startup, can be a challenging endeavor. Here are some essential pieces of advice that can be valuable for anyone embarking on the journey of launching a startup:
Understand Your Market: Before you even create a product or service, thoroughly research and understand your target market. Identify their needs, preferences, and pain points. Make sure there is a demand for what you plan to offer.
Solve a Real Problem: Your product or service should address a genuine problem or need in the market. It's not enough to have a great idea; it must solve a problem that people are willing to pay for.
Create a Solid Business Plan: Develop a comprehensive business plan that outlines your vision, mission, goals, target audience, marketing strategy, financial projections, and more. A well-thought-out plan can guide your actions and attract investors.
Build a Strong Team: Surround yourself with talented individuals who complement your skills and share your vision. A great team is crucial to executing your ideas effectively.
Start Lean: Avoid unnecessary expenses in the early stages. Focus on building a minimum viable product (MVP) that allows you to test your concept and gather feedback from users without overspending.
Customer-Centric Approach: Always prioritize the needs and feedback of your customers. Listen to their suggestions, address their concerns, and continuously improve your product or service based on their input.
Embrace Change: Be flexible and open to pivoting if necessary. Market conditions and customer preferences can change rapidly, so be willing to adapt your business model as needed.
Secure Adequate Funding: Ensure you have access to the necessary capital to support your startup. This could come from personal savings, investors, loans, or crowdfunding, depending on your circumstances.
Focus on Marketing: Even the best product won't succeed if no one knows about it. Develop a strong marketing strategy to reach your target securecrt crackeado download free audience effectively. Online marketing and social media can be powerful tools for startups.
Manage Finances Wisely: Keep a close eye on your finances and monitor your cash flow. It's essential to manage your expenses carefully and plan for both short-term and long-term financial stability.
Network and Seek Mentorship: Connect with other entrepreneurs, industry experts, and mentors who can provide guidance, advice, and support. Networking can open doors and provide valuable insights.
Stay Persistent and Resilient: The startup journey is filled with ups and downs. You may face setbacks and challenges, but persistence and resilience are key to overcoming them. Learn from failures and keep moving forward.
Be honest with yourselves about what is attainable - when you can - niche down.
Pythia World
Agree with @daniel_hunt4! A great piece of advice which helped me a lot sounds like: 'Remember, building a business is not rocket science.'
The person who said that to me is a serial founder with successful exits. I reflected on that a lot and came to the conclusion that building a business is not about being the smartest person in the room.
It is much more about dealing with emotions, thoughts, and the sanity of my decisions. And this process is indeed not about rocket science. It is more about bravery, honesty, persistence and the ability to hear people whom I want to help with my product.
By the way, it is the same reason why Harry Potter was in Gryffindor, with their respect for bravery, and not in Ravenclaw, which preferred intellect above anything else :)
CoClue
This thread makes me cry. I am now shivering like a newborn fawn in front of the release.