Things I’ve Learned from Reading IndieHackers
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Re: Things I’ve Learned from Reading IndieHackers
#2Nice article, I would add:
1. "Be patient" as success does not appear overnight. 2. "Don't be afraid to fail". It's hard to get it right from first time.
I guess second point is covered in ship,ship,SHIP :)
Re: Things I’ve Learned from Reading IndieHackers
#3I've always wondered what the advice would look like if you compiled a list of what not to do from failed companies. TFA is a list of the successful ones who got it right, so we know what they did to make it. Yet I'm sure many people follow this advice and still fail.
You can find wildly varying statistics, but somewhere between 50% and 90% of startups will fail within 2 years. What did those companies do (or failed to do) that made them close up shop?
Re: Things I’ve Learned from Reading IndieHackers
#4I've always wondered what the advice would look like if you compiled a list of what not to do from failed companies. TFA is a list of the successful ones who got it right, so we know what they did to make it. Yet I'm sure many people follow this advice and still fail. You can find wildly varying statistics, but somewhere between 50% and 90% of startups will fail within 2 years. What did those companies do (or failed…
Virtually all of them ran out of money because they didn't have enough customers to cover their expenses. It seems silly but if you put it in basic terms, this usually maps to something very concrete in your domain.
Re: Things I’ve Learned from Reading IndieHackers
#5I've always wondered what the advice would look like if you compiled a list of what not to do from failed companies. TFA is a list of the successful ones who got it right, so we know what they did to make it. Yet I'm sure many people follow this advice and still fail. You can find wildly varying statistics, but somewhere between 50% and 90% of startups will fail within 2 years. What did those companies do (or failed…
Agreed. I know plenty of people including myself who tried to start something and didn't go anywhere despite putting in a lot of time and effort. It would be good to look at what the failed attempts did vs the ones that succeeded.
Personally I think there is a lot of luck involved (right time, right place, meet the right people) but maybe with enough data one could find lessons for how to do better.
Re: Things I’ve Learned from Reading IndieHackers
#6[deleted]
Re: Things I’ve Learned from Reading IndieHackers
#7I've always wondered what the advice would look like if you compiled a list of what not to do from failed companies. TFA is a list of the successful ones who got it right, so we know what they did to make it. Yet I'm sure many people follow this advice and still fail. You can find wildly varying statistics, but somewhere between 50% and 90% of startups will fail within 2 years. What did those companies do (or failed…
> TFA is a list of the successful ones who got it right, so we know what they did to make it.
Beware survivor bias. They may not have succeeded due to what they did (or say they did).
Re: Things I’ve Learned from Reading IndieHackers
#8I've always wondered what the advice would look like if you compiled a list of what not to do from failed companies. TFA is a list of the successful ones who got it right, so we know what they did to make it. Yet I'm sure many people follow this advice and still fail. You can find wildly varying statistics, but somewhere between 50% and 90% of startups will fail within 2 years. What did those companies do (or failed…
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Re: Things I’ve Learned from Reading IndieHackers
#9Nice article, I would add: 1. "Be patient" as success does not appear overnight. 2. "Don't be afraid to fail". It's hard to get it right from first time. I guess second point is covered in ship,ship,SHIP :)
I think "ship ship ship" should be the title. Name of the website even if you really wanted to make a point.
All of my business ventures so far have failed due to a noted lack of actually shipping anything.
Re: Things I’ve Learned from Reading IndieHackers
#10Yeah this is the best for me:
> Ship. Ship. SHIP. The overwhelming failure case among people who read interviews like this one is that they spend 98 units of effort reading about running a business for every 2 units of effort running a business. Flip that on its head.
I wonder how many successful entrepreneurs actually spent time reading advice blogs when they were starting.