5 Things I Learned From Year One In My Startup
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5 Things I Learned From Year One In My Startup
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Re: 5 Things I Learned From Year One In My Startup
#2I think this is fantastic advice - if I were to sum up everything I've learned over the past year and a half of running a venture backed startup, it'd look a lot like this.
Re: 5 Things I Learned From Year One In My Startup
#3I think this is fantastic advice - if I were to sum up everything I've learned over the past year and a half of running a venture backed startup, it'd look a lot like this.
I couldn't possibly agree with the 4th point "Stay Focused. Stay Focused. Stay Focused." more. I constantly find myself chasing new shiny objects (aka business opportunities) that seem like a good idea at the time, but usually turn out to be huge time sinks and take me away from focusing on our core service.
Re: 5 Things I Learned From Year One In My Startup
#4Excellent article, I couldn't agree more with every point. I think it applies for both bootstrapped small businesses and traditional venture backed startups alike.
Re: 5 Things I Learned From Year One In My Startup
#5Good stuff! As someone starting a web video business, I follow all of this (even if it's just me and one other person, so far.)
Re: 5 Things I Learned From Year One In My Startup
#6Oh for the love of god, will everyone please stop posting these sanitized, pointless, pretentious, vague points that ambigiously state the obvious while cowardly avoding any bold points that might actually bring a non-zero amount of useful info.
Re: 5 Things I Learned From Year One In My Startup
#7"Always reward those that perform and get rid of those that don’t."
I have a feeling that's very under-rated advice. I've rarely seen startup advocates say that you should fire the people that aren't cutting it. Maybe most people consider it a given but I've worked at a few startups now and I've never seen someone fired for incompetence even though some should have been. I've heard about it happening in the past when I currently am but I've never seen it happen to anyone. I've seen layoffs when the company runs out of cash but never someone outright fired because they weren't productive enough.
Has this happened where you worked? How did it affect the morale of the team?
Re: 5 Things I Learned From Year One In My Startup
#8I think this is fantastic advice - if I were to sum up everything I've learned over the past year and a half of running a venture backed startup, it'd look a lot like this.
I couldn't possibly agree with the 4th point "Stay Focused. Stay Focused. Stay Focused." more. I constantly find myself chasing new shiny objects (aka business opportunities) that seem like a good idea at the time, but usually turn out to be huge time sinks and take me away from focusing on our core service.
I'm battling the same issue. I've gone down errant paths too many times now. I've just recently switched back into my main startup focus and have been trying my best to just write down my random ideas in a notebook and putting it away from me once I've exhausted all of the details of the idea.
Maybe one day I can get to that notebook and build out one of the side projects...
Re: 5 Things I Learned From Year One In My Startup
#9Oh for the love of god, will everyone please stop posting these sanitized, pointless, pretentious, vague points that ambigiously state the obvious while cowardly avoding any bold points that might actually bring a non-zero amount of useful info.
I agree. People should write more about specific challenges they had, and how they overcame them.
Talk about the tough bank negotiation. Or when your biggest customer threatened to leave. Or didn't pay. Either something controversial or, better, specific, concrete, and useful.
Re: 5 Things I Learned From Year One In My Startup
#10Oh for the love of god, will everyone please stop posting these sanitized, pointless, pretentious, vague points that ambigiously state the obvious while cowardly avoding any bold points that might actually bring a non-zero amount of useful info.
I agree. People should write more about specific challenges they had, and how they overcame them. Talk about the tough bank negotiation. Or when your biggest customer threatened to leave. Or didn't pay. Either something controversial or, better, specific, concrete, and useful.
The advices are very specific and concrete. If you actually run a startup, u will get the gist. You take care of your business while others take care of theirs. You can ask somebody for vision, but nobody can take action for you.